Technical articles

Technical articles

Trade receivables and revenue
This article looks at trade receivables, which arise when a business makes sales or provides a service on credit.

This article considers the application of IFRS 15, Revenue from Contracts with Customers and the impact it will have on accounting for prompt payment discounts.

Cash flow statements
This article considers the statement of cash flows of which it assumes no prior knowledge and explains how to calculate cash flows and where those cash flows are presented in the statement of cash flows.

Preparing a consolidated statement of financial position
This article provides a brief overview.

Preparing simple consolidated financial statements 
This article focuses on some of the main principles of consolidated financial statements that an F3/FFA candidate must be able to understand and provides examples of how they may be tested in multiple-choice questions.

Adjustments to financial statements
How to treat the main possible post trial balance adjustments.

Exam technique

How to prepare for on-demand computer-based exams

This article will guide you on the skills and exam techniques required in preparing for on-demand CBEs.

Examiner's guidance: FA/FFA exam structure
The exam format for FA/FFA for the computer-based exam comprises two sections: Section A containing 35 objective questions for two marks each and Section B containing two multi-task questions for 15 marks each.

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