Financial Accounting
Record the story of a business in proper double-entry accounts and financial statements.
Financial Accounting (FA) teaches the core of the accountant's craft: double-entry bookkeeping and the preparation of financial statements.
You'll move from recording transactions through to preparing a full set of accounts, including a basic consolidation and the interpretation of financial statements.
What you'll learn
- The context and purpose of financial reporting
- Double-entry bookkeeping and the accounting system
- Recording transactions and events
- Preparing a trial balance and financial statements
- Basic consolidated accounts and interpretation
2-hour on-demand computer-based exam of objective-test questions.
Exam formats follow the current ACCA syllabus — always confirm the latest timings and structure on accaglobal.com.
Common questions
Is FA harder than BT and MA?+
It's more technical because of double entry, but it's very learnable with practice — and it's the single most important foundation for FR later.
Does FA lead to Financial Reporting (FR)?+
Yes — FA is the direct foundation for FR at Applied Skills level.
Other papers in this level
This paper is coming soon.
It's on the way. Register your interest and we'll let you know the moment a batch opens — and help you plan the papers you can start today.