ACCA F3/FFA Financial Accounting is concerned with the preparation of financial accounts. The topics examined cover everything from basic double entry through to the preparation of Statements of cash flows, and basic consolidated accounts.

ACCA F3/FFA Financial Accounting aims to develop knowledge and understanding of the underlying principles, concepts and regulations relating to financial accounting and technical proficiency in the use of double-entry accounting techniques.

This includes the preparation of basic financial statements and from December 2011 will also include preparation of basic consolidated financial statements and interpretation of financial statements.

The Syllabus is available to download on the ACCA Website

APPROACH TO EXAMINING THE SYLLABUS

The syllabus is assessed by a two hour paper-based or computer-based examination.

Questions will assess all parts of the syllabus and will test knowledge and some comprehension or application of this knowledge. The examination will consist of two sections.

Section A will contain 35 two mark objective questions.

Section B will contain 2 fifteen mark multi-task questions. These will test consolidations and accounts preparation. The consolidation question could include a small amount of interpretation and the accounts preparation question could be set in the context of a sole trader or a limited company.

Course Curriculum

Section A: The context and purpose of financial reporting
Unit FFA A1: The scope and purpose of financial statements for external reporting
Unit FFA A1: The scope and purpose of financial statements for external reporting Details 00:00:00
Quiz Unit FFA A1: The scope and purpose of financial statements for external reporting 00:00:00
Unit FFA A2: Users’ and stakeholders’ needs
Unit FFA A2: Users’ and stakeholders’ needs Details 00:00:00
Quiz Unit FFA A2: Users’ and stakeholders’ needs 00:00:00
Unit FFA A3: The main elements of financial reports
Unit FFA A3: The main elements of financial reports Details 00:00:00
Quiz Unit FFA A3: The main elements of financial reports 00:00:00
Unit FFA A4: The regulatory framework (legislation and regulation, reasons and limitations, relevance of accounting standards)
Unit FFA A4: The regulatory framework (legislation and regulation, reasons and limitations, relevance of accounting standards) Details 00:00:00
Quiz Unit FFA A4: The regulatory framework (legislation and regulation, reasons and limitations, relevance of accounting standards) 00:00:00
Unit FFA A5: Duties and responsibilities of those charged with governance:
Unit FFA A5: Duties and responsibilities of those charged with governance: Details 00:00:00
Quiz Unit FFA A5: Duties and responsibilities of those charged with governance: 00:00:00
Section B: The qualitative characteristics of financial information
Unit FFA B1: The qualitative characteristics of financial information
Unit FFA B1: The qualitative characteristics of financial information Details 00:00:00
Quiz Unit FFA B1: The qualitative characteristics of financial information 00:00:00
Section C: The use of double-entry and accounting systems
Unit FFA C1: Double-entry book-keeping principles including the maintenance of accounting records and sources of accounting information
Unit FFA C1: Double-entry book-keeping principles including the maintenance of accounting records and sources of accounting information Details 00:00:00
Quiz Unit FFA C1: Double-entry book-keeping principles including the maintenance of accounting records and sources of accounting information 00:00:00
Unit FFA C2: Ledger accounts, books of prime entry, and journals
Unit FFA C2: Ledger accounts, books of prime entry, and journals Details 00:00:00
Quiz Unit FFA C2: Ledger accounts, books of prime entry, and journals 00:00:00
Section D: Recording transactions and events
Unit FFA D1: Sales and purchases
Unit FFA D1: Sales and purchases Details 00:00:00
Quiz Unit FFA D1: Sales and purchases 00:00:00
Unit FFA D2: Cash
Unit FFA D2: Cash Details 00:00:00
Quiz Unit FFA D2: Cash 00:00:00
Unit FFA D3: Inventory
Unit FFA D3: Inventory Details 00:00:00
Quiz Unit FFA D3: Inventory 00:00:00
Unit FFA D4: Tangible non-current assets
Unit FFA D4: Tangible non-current assets Details 00:00:00
Quiz Unit FFA D4: Tangible non-current assets 00:00:00
Unit FFA D5: Depreciation
Unit FFA D5: Depreciation Details 00:00:00
Quiz Unit FFA D5: Depreciation 00:00:00
Unit FFA D6: Intangible non-current assets and amortization
Unit FFA D6: Intangible non-current assets and amortization Details 00:00:00
Quiz Unit FFA D6: Intangible non-current assets and amortization 00:00:00
Unit FFA D7: Accruals and prepayments
Unit FFA D7: Accruals and prepayments Details 00:00:00
Quiz Unit FFA D7: Accruals and prepayments 00:00:00
Unit FFA D8: Receivables and payables
Unit FFA D8: Receivables and payables Details 00:00:00
Quiz Unit FFA D8: Receivables and payables 00:00:00
Unit FFA D9: Provisions and contingencies
Unit FFA D9: Provisions and contingencies Details 00:00:00
Quiz Unit FFA D9: Provisions and contingencies 00:00:00
Unit FFA D10: Capital structure and finance costs
Unit FFA D10: Capital structure and finance costs Details 00:00:00
Quiz Unit FFA D10: Capital structure and finance costs 00:00:00
Section E: Preparing a trial balance
Unit FFA E1: Trial balance
Unit FFA E1: Trial balance Details 00:00:00
Quiz Unit FFA E1: Trial balance 00:00:00
Unit FFA E2: Correction of errors
Unit FFA E2: Correction of errors Details 00:00:00
Quiz Unit FFA E2: Correction of errors 00:00:00
Unit FFA E3: Control accounts and reconciliations
Unit FFA E3: Control accounts and reconciliations Details 00:00:00
Quiz Unit FFA E3: Control accounts and reconciliations 00:00:00
Unit FFA E4: Bank reconciliations
Unit FFA E4: Bank reconciliations Details 00:00:00
Quiz Unit FFA E4: Bank reconciliations 00:00:00
Unit FFA E5: Suspense accounts
Unit FFA E5: Suspense accounts Details 00:00:00
Quiz Unit FFA E5: Suspense accounts 00:00:00
Section F: Preparing basic financial statements
Unit FFA F1: Statements of financial position
Unit FFA F1: Statements of financial position Details 00:00:00
Quiz Unit FFA F1: Statements of financial position 00:00:00
Unit FFA F2: Statements of profit or loss and other comprehensive income
Unit FFA F2: Statements of profit or loss and other comprehensive income Details 00:00:00
Quiz Unit FFA F2: Statements of profit or loss and other comprehensive income 00:00:00
Unit FFA F3: Disclosure notes
Unit FFA F3: Disclosure notes Details 00:00:00
Quiz Unit FFA F3: Disclosure notes 00:00:00
Unit FFA F4: Events after the reporting period
Unit FFA F4: Events after the reporting period Details 00:00:00
Quiz Unit FFA F4: Events after the reporting period 00:00:00
Unit FFA F5: Statements of cash flows
Unit FFA F5: Statements of cash flows Details 00:00:00
Quiz Unit FFA F5: Statements of cash flows 00:00:00
Unit FFA F6: Incomplete records
Unit FFA F6: Incomplete records Details 00:00:00
Quiz Unit FFA F6: Incomplete records 00:00:00
Section G: Preparing simple consolidated financial statements
Unit FFA G1: Subsidiaries
Unit FFA G1: Subsidiaries Details 00:00:00
Quiz Unit FFA G1: Subsidiaries 00:00:00
Unit FFA G2: Associates
Unit FFA G2: Associates Details 00:00:00
Quiz Unit FFA G2: Associates 00:00:00
Section H: Interpretation of financial statements
Unit FFA H1: Importance and purpose of analysis of financial statements
Unit FFA H1: Importance and purpose of analysis of financial statements Details 00:00:00
Quiz Unit FFA H1: Importance and purpose of analysis of financial statements 00:00:00
Unit FFA H2: Ratios
Unit FFA H2: Ratios Details 00:00:00
Quiz Unit FFA H2: Ratios 00:00:00
Unit FFA H3: Analysis of financial statements
Unit FFA H3: Analysis of financial statements Details 00:00:00
Unit FFA H3: Analysis of financial statements 00:00:00

Course Reviews

N.A

ratings
  • 1 stars0
  • 2 stars0
  • 3 stars0
  • 4 stars0
  • 5 stars0

No Reviews found for this course.

TAKE THIS COURSE
  • R840.00 per month
  • 120 Days
  • Course Badge
  • Wishlist
1 STUDENTS ENROLLED

Instructor Details

More Courses by Joseph Kanyange Kamau

    Advanced Course Search Widget

    Recent Posts

    Term : Taxonomy Mismatch: Selected Term does not exist in Taxonomy ! ..more..
    All rights reserved. Johannesburg Polytechnic Pty Limited. All rights reserved.

    Login

    Register

    FACEBOOKGOOGLE Create an Account
    Create an Account Back to login/register