ACCA FA Financial Accounting (formerly F3)
The ACCA Financial Accounting paper will make you aware of the concepts and principles behind accounting techniques and how to prepare basic financial statements and interpret them for sole traders and partnership organisations. You’ll also become familiar with the use of double-entry techniques and trial balance - an accounting report that highlights the balances in a company’s general ledger accounts.
This exam is divided into Section A and B. Section A has 35 questions worth 2 marks each and Section B has two multi-task questions (MLTs) worth 15 marks each. These 2 questions will test your knowledge of consolidation and accounts preparation.
The syllabus requires learners to understand the regulatory framework regarding the preparation of accounts as well as the qualitative data. Learners will then practice drafting financial statements and how to record, process and report business transactions and events for incorporated and unincorporated firms. You’ll also learn to identify errors within trial balance.
Daytime classes start at 9.45am and finish at 1.15pm.
Afternoon classes start at 2.00pm and finish at 5.30pm.
Evening sessions run between 6.45pm-10.15pm.
You can prepare for the ACCA Financial Accounting paper online or on-campus, at our GB Building, located in Singapore’s world-famous financial district.
Understand the importance of financial reporting
Learn to use the double-entry system
Prepare a trial balance and identify any errors within this
Understand financial statements
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