About FA
The Financial Accounting FFA/F3 begins with the fundamentals of the regulatory frameworks for preparing accounts and the qualitative characteristics of important information. The ACCA FA includes drafting statements and conducting concerts related to account preparation. It focuses on recording, processing, and reporting business transactions as well as events. It teaches how to use the trial balance to find and rectify errors.
The syllabus of ACCA FA covers two different directions: first, prepare candidates to do a basic interpretation of the financial statements, and second, prepare the simple consolidated financial statements from the specific financial statements of group incorporated entities.
Exam Structure
- Financial Accounting FFA/F3 is a two-hour computer-based exam. The exam covers all the subjects covered in the syllabus, along with knowledge assessment and comprehension tests. The exam is divided into two parts.
- Section A entails 35 two-mark objective test questions.
- Section B covers two 15-mark multitask questions, including testing consolidations and account preparation.
- The accounts preparation questions may pertain to a limited company or lane traders, while the consolidation questions might require some interpretation.
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Sir Mustafa Mirchawala is a reputed ACCA-FIA tutor. He provides comprehensive training that helps you become job-ready. Learning Financial Accounting FFA/F3 by Mustafa Mirchawala brings in-depth lectures, practice exams, self-made notes, and examiner report breakdowns. Sir Mustafa has an astounding 80% pass rate and global recognition that his students speak for themselves. A thorough understanding of past papers and mock exams along with online lectures will cover every aspect of what you need for your success
Qualifications and Achievements
Demo Lectures
Watch the demo lecture which provides insight into Teach Fin’s approach for ACCA, showcasing their teaching methodology, faculty expertise, and available resources for students.
Stay ahead in the Exams with Our specialized LMS
TFL-LMS
Our Specialised LMS provides student with the course in well structured manner which ensure effective and efficient study. Customized Testing system in our LMS helps a student to have actual exam experience while attempting homeworks and Mock Exams.
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COURSE OUTLINE
FA COURSE
- The context and purpose of financial reporting
- The qualitative characteristics of financial information
- The use of double-entry and accounting systems
- Recording transactions and events
- Preparing a trial balance
- Preparing basic financial statements
- Preparing simple consolidated financial statements
- Interpretation of financial statements
Frequently Asked Questions
Q1) What is F3 in accounting?
Ans)When you begin your ACCA journey, you need to finish the first three papers, which are F1 (Accountant in Business) and F2 (Management Accounting). F3: Financial Accounting During these three papers, you will learn the fundamentals of accounting systems and financial activities that are frequently used in a corporate environment.
Q2)Is ACCA F3 difficult?
Ans)No, F3 is not difficult. F1-F4 are compulsory CBE (computer-based exams). To ensure your best preparation, practice Kaplan and BPP exam kits.
Q3) What is the ACCA F3 theory?
Ans)F3 introduces students to financial accounting, emphasizing its background and purpose, and focuses on recording, processing, and reporting business transactions and events, including basic group accounting and interpretation of financial statements.
Q4) How do I learn ACCA F3?
Ans) Get the latest edition of questions and answer banks to explain the past exam questions. It will help you understand the question style and exam format. Practice questions and answers and take mock exams to make sure you are fully prepared for your exam.
Q4) How do I pass the financial accounting exam?
Ans)
- You need to do strategic planning to qualify for the ACCA FFA/F3 exam. Here is the process:
- Read and understand the basic concepts.
- Know your debits and credits.
- practice and practice
- Utilize the previous papers and mock exams.
- Understand how to read and analyze financial reports.
- Get a grasp of accounting ratios.
