IAS 37 Provisions, contingent liabilities and contingent assets ABC undoubtedly requires an organisation to spend time and effort investigating more fully what causes it to incur costs, and then to use that detailed information for costing purposes. ACCA F3 (FA) BPP Study Text Several areas of the FM syllabus require either annualising or short-term pro-rating of percentage figures. Relevant costs Kaplan is an approved ACCA learning provider which means you can trust their materials to study for your FA exam. Finance Manager Group Reporting - TUI Musement. Trade receivables, irrecoverable debts and allowances for receivables. Onerous lease contracts and impairments, and investor issues Surface Studio vs iMac - Which Should You Pick? The Kaplan Book for Paper F3 (FA) contains the following 20 chapters: Introduction to accounting Statement of Financial Position and income statement Double Entry Bookkeeping Inventory Sales Tax Accruals & Prepayments Irrecoverable Debts and Allowances for Receivables Non-current Assets Information systems (IS) is a topic you need to be ready for in all sections of the Performance Management exam. This article addresses the application of accounting principles in contemporary contexts (an exam technique issue) and the impairment of financial instruments (a technical knowledge issue). We have uploaded study materials from approved ACCA learning providers including Kaplan and BPP (that you can download with ONE click). Correction of Errors - Introduction (28:48), 4. However, we dont recommend it as a sole study material to prepare paper FA (F3). Also available as a podcast on iTunes Advanced investment appraisal Cash flow statements Paper FAB/F1 Accountant in Business (AB/FAB) is a 2 hour paper. International Financial Reporting Standard (IFRS) 2,Share-based Payment, applies when a company acquires or receives goods and services for equity-based payment. A lot of concepts or terminologies will go with you to the rest of the ACCA papers later. If you have planned to progress through the ACCA qualification, the skills and basics you learn at F3 Financial Accounting, will be built on in Papers F7 and the professional exam module SBR. Ransidia Chakabawwa. Surface Studio vs iMac - Which Should You Pick? -Technical lead on the division ensuring . The calculation of equivalent annual costs is a tool that can be used by companies to assist in asset replacement decisions. Hedging techniques for interest rate risk The computer-based examination, especially this F3 Financial Accounting contains 35 objective test questions - multiple response, multiple choice, number entry and 3 longer style multi-task questions. ACCA FA (F3) Complete Notes For Exam PreparationWe offer complete notes for ACCA Exam Preparation. Adjustments to financial statements F7 Financial Reporting (FR) is a demanding paper overlaying all the fundamentals of financial reporting. A library of articles to help you develop broader insight into the subject, split by syllabus section. Find articles for the ACCA Financial Accounting (FA) exam including what the exam entails, updates to the ACCA Qualification syllabus and exam technique Preparing simple consolidated financial statements This article considers the aims of the IAS 37, followed by the key specific criteria which must be met for a provision to be recognised. Paper FFA/F3 Financial Accounting purpose is to develop your knowledge and understanding of the basic principles, concepts and regulations relating to financial accounting. Technical articles (A) Professional and Ethical Considerations (B) Quality Management (C) Planning and conducting an audit of historical financial information (D) Completion, review and reporting (E) Other assignments (F) This article focuses on foreign accounts receivable, which present some additional challenges to a business that are not present with domestic-based customers. How to improve your answer to FR interpretation exam questions (adsbygoogle = window.adsbygoogle || []).push({}); * By using this form you agree with the storage and handling of your data by this website. Discounts Environmental management accounting The purpose of this article is to provide candidates with a more detailed appreciation of matters pertinent to an auditor, focusing on the need for the auditor of a large limited liability company (in the UK - a limited company) to evaluate the effectiveness of the company's control environment. Using this website means you are ok with this but you can learn more about our cookie policy, ACCA FA (F3) Complete Notes For Exam Preparation, 2 Statement of Cash Flow - Indirect Method (48:21), 7. Approach to examining the syllabus. Preparation of financial statements, that conform with IFRS and IAS. Business finance for SMEs Design Tell me a story Deferred tax ONLINE ACCA, This website uses cookies. This list will be updated regularly as new articles are published, so please bookmark it and check . IFRS 2,Share-based Payment All In One Technical Articles Download Download Any issue? This article explains these approaches and clarifies ACCAs preferred approach. ACCA technical manuals are taught by the leading industry schools and vocational programs. In the second of three articles, we consider revaluation of property, plant and equipment and its derecognition. (listen to the podcast) Written by a member of the examining team Having read the article, look at the past IFRS 15 papers here Links to useful study resources ACCA Technical articles Introduction to Statement of Cash Flow - Intro (07:09), 2. it could be taken as a written paper or a computer based exam. We update our download links for ACCA study materials regularly to make sure you get latest resources to study for your exam. This two-part article considers the application of IFRS 15,Revenue from Contracts with Customersusing the five-step model. Consolidated Financial Statements (18:48), 2. Ledgers accounts and double entry (27:23), 3. In this article, we consider potential finance sources that an SME could use, with a particular focus on the more modern sources of crowdfunding and supply chain financing. However, the phenomenon is increasingly under discussion, with initiatives recently launched to combat it. In the final article in his three-part series, we look at the theory, advantages and disadvantages of CAPM. Control Accounts - Introduction (14:57), 3. Introduction to The regulatory framework (32:10), 1. Bin the clutter Tell us what you think
This article takes a look at Islamic finance, which has just been introduced to theFinancial Managementsyllabus. The global body for professional accountants, Can't find your location/region listed? MCQs 17.8 - 17.11 - 17.12 - 17.14 BPP Kit (16:58), Part 6 - Suspense Account - Questions and Answers, Part 7 - Questions and Further Explanation, Part 8 - Explanation of Opening and Closing Balances, 2 You will require to demonstrate the technical skillability in the use of double entry techniques, which includes the preparation of the financial statements for the incorporated and unincorporated business entities, as well as simple consolidated financial statement for single and group incorporated business entities. This article will guide you on the skills and exam techniques required in preparing for on-demand CBEs. -Support the monthly/quarterly close process for the division, ensuring Balance Sheet reporting reported on a timely basis by all regions. Library of Congress Cataloguing in Publication Data. Profit, loss and other comprehensive income (listen to the podcast) Volatility 75 Index (VIX75) Trading Strategy. Give feedback. MCQs 8.5, 8.2, 8.16, 8.20 BPP Kit (21:25), 9. Lessons, Preparation of financial statements for Sole Traders (28:42), QUIZ - Preparation of Financial Statements for Sole Traders, 1. Accounts receivable management Preparing simple consolidated financial statements Accounting for goodwill Our website provides information about BPP products and services, with a link to the ACCA website. The global body for professional accountants, Can't find your location/region listed? This saves students a lot of time which otherwise is spent to read the lengthy 715 pages study text. You May be thinking of, what is Multi-task questions! The preparation of consolidated financial statements can be an area where candidates either perform very well or make simple mistakes, which could prove costly in the exam. Receivables collection Libby Morris from BPP explains the changes to the computer-based exams taking effect in 2014, focusing on F3. All about budgeting - part 1, part 2, part 3, part 4, part 5 This series of articles covers the budgeting approaches flexible budgeting, activity-based budgeting, rolling budgeting, zero-based budgeting, and beyond budgeting. Transfer pricing Revenue revisited This article critically evaluates the two main methods for preparing budgets - the incremental approach and the zero-based approach. 1) One-On-One Support Guarantee 2) Up-To-Date Guarantee 3) Best Price Guarantee. A library of articles to help you develop broader insight into the subject, split by syllabus section. Section C2d) of theFinancial ManagementStudy Guidestates that candidates should be able to discuss, apply and evaluate the use of relevant techniques in managing accounts receivable. Lessons, 1. IFRS 3, Business Combinations This article looks at relevant costs, which can be defined as any cost relevant to a decision. (Covers B & D). Preparation of consolidated financial statements. Is it possible to increase shareholder wealth by changing the capital structure. You May be thinking of, what is Multi-task questions! Optimum capital structure Becoming an ACCA Approved Learning Partner, Virtual classroom support for learning partners, Fundamental ethical and professional principles (A), Reporting the financial performance of a range of entities (C), Financial statements of groups of entities (D), Interpret financial statements for different stakeholders (E), The impact of changes and potential changes in accounting regulation (F), Technical articles on multiple syllabus sections, Profit, loss and other comprehensive income, Using the business model of a company to help analyse its performance, Climate-related disclosures and investor focus, Crowdfunding and impairment of financial instruments, Business combinations, share-based payments and accounting considerations of a pandemic or natural disaster, Asset ceiling test (IAS 19), initial coin offerings, non-GAAP, and non-financial performance measures, Onerous lease contracts and impairments, and investor issues. ACCA FA (F3) Kaplan Study Text [updated 2021], BPP Kit Financial Accounting FA (F3) ACCA, Open Tuition Short Notes & Video Lectures. Irrecoverable debts and allowances (17:16), 5. This article briefly looks at what behavioural finance is and some important terms related to behavioural finance which students should know. Revaluation of Non Current Assets (18:40), 5. For many entities, the introduction of IFRS 15 has had little effect on how revenue is accounted for. This article focuses on some of the main principles of consolidated financial statements that a Paper F3/FFA candidate must be able to understand and provides examples of how they may be tested in multiple-choice questions. Consolidated Financial Statements (17:09), QUIZ - Introduction to Consolidated Financial Statements, 4. We cover the entire syllabus within 191 pages of smart notes without leaving out any important area. If you have planned to progress through the ACCA qualification, the skills and basics you learn at F3 Financial Accounting, will be built on in Papers F7 and the professional exam module SBR. Financial instruments Dividends and share price growth are the two ways in which wealth can be provided to shareholders. MCQs 26.10 - 26.12 - 26.14 -26.17 - 26.18 - 26.19 BPP Kit (24:58), QUIZ - The Consolidated Statement of Financial Position, 1. The capital asset pricing model part 2 This article provides an introduction to IFRS 3 and IAS 27, including piecemeal acquisitions and disposals. This material is helping many students in their ACCA Exams and passes in the first attempt. The global body for professional accountants, Can't find your location/region listed? Fundamental ethical and professional principles (A) The financial reporting framework (B) Reporting the financial performance of a range of entities (C) Financial statements of groups of entities (D) Our technical manuals cover the complete gamut of design, installation and maintenance for residential and light commercial HVAC systems. If you are unable to download, please leave a comment below so we can fix it. The risks of uncertainty Cash flow statements MCQs 7.3, 7.4, 7.5, 7.7 BPP Kit (24:30), 6. Lessons. In recent ACCA F3 reports, examiners have encouraged students to focus on improving their time management skills. In the first of two articles, we look at the basic principles of the theory of constraints and throughput accounting. Keep an eye out for articles, as the examination team will use Student Accountant to get in touch with the students. You can take this exam as a computer-based exam. This is an area of the syllabus where mistakes are often made by unprepared candidates. Working capital management IAS 10 prescribes the definitions of such events as follows: Adjusting event 4 Brought forward knowledge. It covers management information, costing techniques, cost recording, budgeting and performance measurement. 2022 Meanwhile, If you appreciate our efforts, Support us! -Broad experience on review of Financial Statements and Disclosures, ensuring support/back up provided is correct. Best of luck for your Financial Accounting FA (F3) paper! Statement of Changes in Equity (04:00), QUIZ - Preparation of Financial Statements for Companies, 1. More answers below This article discusses the nominal terms and real terms approaches to investment appraisal using the net present value method, and also considers the impact of taxation in the context of these approaches. Please visit our global website instead, Can't find your location listed? Regression and correlation Section E of the syllabus deals with business finance. Give feedback. Interpretation of Financial Statements (18:39), QUIZ - Interpretation of Financial Statements, Detailed video lectures on complete syllabus, Video lectures for exam questions and solutions. MCQs 15.1 - 15.2 - 15.3 - 15.4 - 15.5 - 15.6 - 15.14 BPP Kit (38:40), 9 2022 Download. How to prepare for on-demand computer-based exams The purpose of this article is to summarise the key changes introduced by IFRS 16 from the perspective of the lessee and how these impact on theFinancial Reportingexam. IFRS 13,Fair Value Measurement It is vital that students attempt all questions in the exam to ensure they maximise their chances of passing. This article looks at trade receivables, which arise when a business makes sales or provides a service on credit. Please visit our global website instead. Linear programming Back to top Exam Technique This article provides a brief overview. This article will describe some real life examples of the use of big data for performance management and measurement purposes. Please visit our global website instead. Related Papers. In March 2018, the International Accounting Standards Board finished its revision of The Framework for Financial Reporting. If you are having problem with a question, leave it for a while and move to the next question. We will be happy to help you in the ways we can! Also available as a podcast on iTunes This article covers types of finance, sources of finance and mix of finance. Cryptocurrencies Please visit our global website instead. Please visit our global website instead, Can't find your location listed? The final part of three articles summarises some of the key issues outlined in the previous two articles and provide further examples for you to attempt, including some more detailed requirements. Income Statement and Balance Sheet - Alpha Co (19:45), Quiz - From Trial Balance to Financial Statements, 2. This article looks at what theFinancial Reportingexam is looking for in the answer to an interpretation question, along with the key weaknesses that are consistently noted in candidate answers. Tell us what you think
Information, technologies and systems for organisational performance (A) Specialist cost and management accounting techniques (B) Decision-making techniques Budgeting and control (D) Performance measurement and control (E) The global body for professional accountants, Can't find your location/region listed? In 2013, the International Integrated Reporting Council (IIRC) released a framework for integrated reporting. Tell us what you think
Our ACCA FA (F3) notes are detailed and coverall the topics as per ACCA FA syllabus.This saves students a lot of time which otherwise is spent to read the lengthy 715 pagesstudy text. The Conceptual Framework Business combinations, share-based payments and accounting considerations of a pandemic or natural disaster Application of IFRS 15,Revenue from Contracts with Customersbecame mandatory for annual reporting periods beginning on or after 1 January 2018. Big data 2: How companies use big data There are a couple of points that need to keep in the mind: ACCA, Latest, Technical, Articles, Article, Articles by ACCA, Articles by Examiner, Articles by ACCA Team, F3 FA Financial Accounting Technical Articles By ACCA, F3 FA Financial Accounting Technical Articles By ACCA Examiner, F3 FA Financial Accounting Articles by ACCA 2020, F3 FA Financial Accounting Articles by Examiner 2020, F3 FA Financial Accounting Articles by ACCA Team 2020, F3 FA Financial Accounting Technical Articles By ACCA 2020, F3 FA Financial Accounting Technical Articles By ACCA Examiner 2020, F3 FA Financial Accounting Articles by ACCA 2021, F3 FA Financial Accounting Articles by Examiner 2021, F3 FA Financial Accounting Articles by ACCA Team 2021, F3 FA Financial Accounting Technical Articles By ACCA 2021, F3 FA Financial Accounting Technical Articles By ACCA Examiner 2021, F3 FA Financial Accounting Articles by ACCA 2022, F3 FA Financial Accounting Articles by Examiner 2022, F3 FA Financial Accounting Articles by ACCA Team 2022, F3 FA Financial Accounting Technical Articles By ACCA 2022, F3 FA Financial Accounting Technical Articles By ACCA Examiner 2022. For a profit-seeking company, sustained financial success and long-term shareholder value are the ultimate objectives and the balanced scorecard suggests how this might be achieved. Revenue revisited MCQs 325 - 326 - 327 - 321 - 332 Kaplan Kit (50:13), 1. A library of articles to help you develop broader insight into the subject, split by syllabus section. Lessons, 3. It has five main sections: The conceptual framework of accounting. This article considers the statement of cash flows of which it assumes no prior knowledge andexplains how to calculate cash flows and where those cash flows are presented in the statement of cash flows. WebThe aim of ACCA Corporate and Business Law (LW) (ENG) (F4) is to develop knowledge and skills in the understanding of the general legal framework, and of specic legal areas relating to business, recognising the need to seek further specialist legal advice where necessary. List of all ACCA FM Technical articles. You May be thinking of, what is Multi-task questions! This article considers the statement of cash flows of which it assumes no prior knowledge andexplains how to calculate cash flows and where those cash flows are presented in the statement of cash flows. Crowdfunding and impairment of financial instruments Download Free PDF. Discussion - Open and Closing Balances of Ledgers, QUIZ - Irrecoverable Debts and Allowances, 1. 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. Capitalization Criteria for Intangible NCA (11:08), 1. All Variants ACCA F3 technical articles FA. Statement Of Financial Position - SOFP (11:58), 2. Continue Reading. The integrated report framework Good luck. The first article looks at performance management, including how to measure it and improve organisational efficiency. Return to the exam resource finder to locate other materials to help with your studies, Becoming an ACCA Approved Learning Partner, Virtual classroom support for learning partners, Preparing a consolidated statement of financial position, Preparing simple consolidated financial statements, Examiner's guidance: FA/FFA exam structure. Guidance to help you if you are taking the F3 exam for the first time as this takes you through how to use the examiners reports as part of your revision phase as directed by thestudy-support guides. This article discusses and shows both ways of measuring goodwill following the acquisition of a subsidiary, and how each measurement of goodwill is subject to an impairment review. Lessons, 5 Tom Clendon, a lecturer at FTMS in Singapore, provides a brief overview. This standard can be examined in all sections of the exam. This article looks at a variety of ethical threats that a contemporary accountant working in the digital age may encounter and considers how these threats might be addressed. How to Avoid Revisions On Fiverr? Throughput accounting and the theory of constraints part 2 Decentralisation and the need for performance measurement This article considers the relevance of information provided by different measurement methods and explains the effect that they may have on the financial statements. Yet another great way to sharpen yourself for the F3 (FA) exam, the open tuition short notes are to-the-point and you should definitely use it for revision purposes. Note: The F3 (FA) kit is uploaded for demo purposes only. International Financial Reporting Standard (IFRS) 9,Financial Instruments, is a complex standard, especially for users and preparers of financial statements. However if you can afford a tutor, I would recommend you to go with a tutor, it's your foundation studies. This article focuses on a classic performance measurement question, which involves a combination of financial and non-financial analysis. IFRS for SMEs 24 November, 4pm (GMT)Taking PM in December 2022? Heres an introduction to Paper F3 by Francis Braganza, a tutor at the London School of Business & Finance, that pretty much explains everything that you need to know. Note: The volume of technical articles does not reflect syllabus coverage within an exam. Foreign currency risk and its management Comprehensive yet easy-to-understand lecture videos provide complete coverage of the exam syllabus. This article considers the application of IFRS 15, Revenue from Contracts with Customers using the five-step model. These short questions can be consisting of number of formats, e.g. Investment appraisal is one of the core topics withinFinancial Managementand it is a topic which has been well represented in theFinancial Managementexam. These notes are created by concentrating as much as possible on the F3 Financial Accounting (FA) study guide found on the ACCA website, following the requirements of the study guide and covering almost everything that you need to know to pass this exam.. Technical articles A library of articles to help you develop broader insight into the subject, split by syllabus section. Equivalent annual costs and benefits You can surely come back to it at the end. Target costing and lifecycle costing CAPM: theory, advantages, and disadvantages You should also need to be able to conduct a basic interpretation of financial statements. This article deals with practical pricing approaches. 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. Meanwhile, If you appreciate our efforts, Support us! This article looks at some theories on dividend payments, as well as the practical matters that have to be taken into account and a discussion on dividend policies. 5 Ways to Connect Wireless Headphones to TV. This document will help you to understand how you should be using the examiners reports to make the best use of them. Your file is either opened in the next Tab or is downloading in the background. IFRS 15 Contract Assets and Contract Liabilities Using this website means you are ok with this but you can learn more about our cookie policy, 8 Strategic Business Reporting pre-December 2022 mock Q&A session29 November, 1pm (GMT)Taking SBR in December 2022? A key part of theFinancial Reportingexam is the ability to analyse a set of financial statements. This means you cannot avoid and skip any topic, but also means that you do not have to waste time in the exam deciding which questions to attempt. Why Boom & Crash Traders Wash Their Accounts? Please visit our global website instead, Can't find your location listed? We encourage you to buy the latest study materials from original publishers only. Accounting Cycle - Grace Example - Ledgers (22:36), 5. Activity-based costing Join us for our upcoming webinar in which an expert tutor will share her insights to help you with your final preparation for FR. This article addresses the technical matter of onerous lease contracts and their impairment and then considers two types of approach to SBR exam questions: (i) investors issues in SBR questions and (ii) the application of knowledge to SBR question scenarios. Introduction to Intangible non-current assets (14:45), 2. Building blocks of performance management Examiner's guidance: FA/FFA exam structure The qualitative characteristics of financial information (16:46), 2. The use of fair values in the goodwill calculation Environmental management accounting is part of the Performance Management syllabus and requires students to describe the issues businesses face in managing environmental costs, and the different methods they may use to account for these. Our ACCA FA (F3) notes are detailed and cover all the topics as per ACCA FA syllabus. Return to the exam resource finder to locate other materials to help with your studies, Virtual classroom support for learning partners, Preparing a group statement of financial position, Preparing simple consolidated financial statements, Examiner's guidance: FA/FFA exam structure, F3 A guide to using the examiners reports, F3 A guide to reflection for retake students, How to prepare for on-demand computer-based exams. The computer-based examination, especially this F3 Financial Accounting contains 35 objective test questions - multiple response, multiple choice, number entry and 3 longer style multi-task questions. Comparing budgeting techniques (incremental v ZBB) in the public sector Discounts You may also like; The main problem for students not passing their exams in the first attempt is they are looking for the shortcut. A focus on the three types of currency risk economic risk, translation risk and transaction risk. F3 (FA) - Financial Accounting Notes. The computer-based examination, especially this F3 Financial Accounting contains 35 objective test questions multiple response, multiple choice, number entry and 3 longer style multi-task questions. Important Note: These study materials have been uploaded for demo purposes. Before you start studying for your FA (F3) exam, you should have a basic understanding of what you should expect in the exam and how exactly should you go and grab the knowledge that you need in order to pass your F3 exam. Inflation and investment appraisal This article provides a brief overview. Enroll in Course ACCA FA (F3) - Financial Accounting Learn the underlying principles and concepts of financial accounting, accounting techniques and the preparation of basic financial statements. You should also need to be able to conduct a basic interpretation of financial statements. This is the first part of the article thatlooks at how a suitable discount rate can be calculated. The topic can form part, or the whole of, a 20-mark question in the exam, as well as being examined by objective test questions. Management of foreign accounts receivable Top 4 Boom And Crash Spike Trading Strategies, How to Avoid Revisions On Fiverr? Pricing 2: Practical aspects It is very much important to tackle the questions under the exam conditions. If you need help with your studies, you can contact us using the contact form at the end of the page. Business finance Dividend theory This article will guide you on the skills and exam techniques required in preparing for on-demand CBEs. The global body for professional accountants, Can't find your location/region listed? Preparing a consolidated statement of financial position All exam resources listed as F3 can be used for studying FA, as the syllabus and content of the exam has not changed. Join us for our upcoming webinar in which an expert tutor will share her insights to help you with your final preparation for FM. The Kaplan study text uploaded contains 20 chapters and covers the whole FA (F3) Syllabus. BPP is an approved ACCA learning provider which means you can trust their exam kit for paper F3 (FA) to study for your F3 exam. Click h. The global body for professional accountants, Can't find your location/region listed? This Practice and Revision kit provided to you has been reviewed by the FFA/F3 Financial Accounting examining team and contains the Specimen exam June 2014, so if you will just worked through it to the end, you probably would be very well prepared for your exam. F3 - (FA) - 2021 | ALL in One Technical Articles, BPP Latest Study Texts and Kits | F1 to F9, BPP Latest Study Texts and Kits | SBL to P7, F1 (BT) - Mock Exams | Business and Technology | ACCA, F7 - 2021 | Financial Reporting (FR) | BPP - STUDY TEXT and KIT, F3 (FA) - Mock Exams | Financial Accounting | ACCA, F3 - 2021 | Financial Accounting (FA) | BPP - STUDY TEXT and KIT. Financial Accounting FA, previously F3 is the Foundation level ACCA Exam which covers basic accounting treatments and standards. F3 A guide to reflection for retake students This article discussesthe asset ceiling test in IAS 19, Employee Benefits,and explains how many IFRS standards and principles might be relevant to an accounting issue for which there is no existing IFRS standard (in this case Initial Coin Offering (ICO)). IAS 21 does it need amending? Property, plant and equipment part 2: Revaluation and derecognition These goals include zero hunger, decent work and economic growth, and reduced inequalities. Online quizzes help identify knowledge gaps as well as they are a source of quick learning as we learn from mistakes. F3/FFA MTQ advice Return to the exam resource finder to locate other materials to help with your studies, Becoming an ACCA Approved Learning Partner, Virtual classroom support for learning partners, Support for students in Australia and New Zealand, ACCA Approved Learning Partners Australia and New Zealand, Preparing a consolidated statement of financial position, Preparing simple consolidated financial statements, How to prepare for on-demand computer-based exams. Interpretation of Financial Statements (14:47), 3. If you have planned to progress through the ACCA qualification, the skills and basics you learn at F3 Financial Accounting, will be built on in Papers F7 and the professional exam module SBR. Pricing 1: Theoretical aspects This article deals with the theoretical aspects of pricing and a second article deals with practical pricing. This article looks at Section G of theFinancial ManagementStudy Guiderelating to the management of interest rate risk. This article considers the International Accounting Standards Boards proposals of new regulations for the impairment of financial assets. Watch your step Continue Reading. Other digital tokens provide rights to use assets or services, or can represent ownership interests. MCQS 115, 139 , 111, 124, 137 Kaplan kit (44:04), 1. The principal aim when developing accounting standards for small and medium-sized enterprises (SMEs) is to provide a framework that generates relevant, reliable and useful information which should provide a high quality and understandable set of accounting standards suitable for SMEs. Cost-volume-profit analysis A library of articles to help you develop broader insight into the subject, split by syllabus section. This article will guide you on the skills and exam techniques required in preparing for on-demand CBEs. We offer online mock exams with instant results and solutions to identify your knowledge gaps before the actual exam. Get access to All ACCA Courses for USD 199. Time series and moving averages Impairment of goodwill No more Paper base Exam for F3 Financial Accounting. (including technical articles) and a free downloadable Student Planner App. Cryptocurrency is a type of digital token, and is designed as a medium of exchange. The second article discusses financial statement analysis, focusing on ratios and trend analysis. IAS 38,Intangible Assetsis one of the key standards in the FR exam, covering how companies should account for intangible assets. Discuss and apply a conceptual and regulatory frameworks for financial reporting (A) Account for transactions in accordance with International IFRS Standards (B) Analyse and interpret financial statements (C) The notes only addressed key areas to ensure that you are completely prepared to practice past year's . Events After The Reporting Period - Full Chapter (24:53), QUIZ - Events after the Reporting Period, 1. The capital asset pricing model part 1 Lessons, 1. The addition of decision trees to the Performance Managementsyllabus is a relatively recent one. The learning rate and learning effect Finally, the third article looks at cash flow management, highlighting different methods . Performance management the processes that ensure organisations meet their objectives is core to the Performance Management syllabus, and understanding modern performance measurement systems is an important area within this topic. Information systems You'll demonstrate technical proficiency in the use of double-entry techniques, including the preparation and interpretation of This means that the examiner can test most of the syllabus at each sitting, so you need to revise right across the syllabus for F3 Financial Accounting exam. Becoming an ACCA Approved Learning Partner, Virtual classroom support for learning partners, Information, technologies and systems for organisational performance (A), Specialist cost and management accounting techniques (B), Throughput accounting and the theory of constraints part 1, Throughput accounting and the theory of constraints part 2, Comparing budgeting techniques (incremental v ZBB) in the public sector, Building blocks of performance management, Decentralisation and the need for performance measurement. We use Stripe as our payment processor partner, a global market leader for credit card processing. There are 35 MCQs in the Computer-based exam and a mixture of MCQs and other types of objective test question (i.e. Finally, it will examine some specific issues which are often assessed in relation to the standard. How to treat the main possible post trial balance adjustments. Thanks for leaving a comment! This article focuses on some of the main principles of consolidated financial statements that a Paper F3/FFA candidate must be able to understand and provides examples of how they may be tested in multiple-choice questions. F3 A guide to using the examiners reports This article reviews the importance of the modern approach to performance measurement, discusses the Building Block model, and applies this model to an exam-based scenario. Preparing a group statement of financial position The focus is on the syllabus for England and the global version of the paper, though some articles may also be relevant to other versions. This is the second part of thearticle thatlooks at how a suitable discount rate can be calculated. Grace Example - Income Statement and Balance Sheet (18:22), 2. Provisions and contingencies - Three Criteria (07:59), 3. This article considers the application of IFRS 15,Revenue from Contracts with Customersand the impact it will have on accounting for prompt payment discounts. Paper FFA/F3 Financial Accounting is a two-hour exam paper. The regulatory framework. How to treat the main possible post trial balance adjustments. This article suggests an approach for students to apply to a key area of theFinancial Managementsyllabus before finishing with a worked example to demonstrate the technique discussed. Click the download button below to download the latest BPP book for paper FA (F3). This article explains the theory behind mix and yield variances, and provides examples of how to use them in an exam. This article contains useful advice to help improve your answers to analysis questions whether in the context of a group or a single entity. Adjustments to financial statements How to treat the main possible post trial balance adjustments. Kaplan is an approved ACCA learning provider which means you can trust their materials to study for your FA exam. This article examines the issues raised by IASB research that referred to a KASB study into whether IAS 21 needs amending. This article considers the application of IFRS 15,Revenue from Contracts with Customersand the impact it will have on accounting for prompt payment discounts. Adjustments to financial statements How to treat the main possible post trial balance adjustments. Introduction to Islamic finance Please visit our global website instead. Please visit our global website instead, Can't find your location listed? In addition to this, the assets, liabilities and contingent liabilities of the subsidiary must also be consolidated at their fair value. The definition and disclosure of capital MCQs 10.8, 10.10, 10.11, 10.12 BPP Kit (16:31), 4. It can be taken as only a computer-based examination. Allow yourself just a number of minutes shown next to the questions in the index and do not look at the answers until you have finished. This article looks at the most common errors made. Did you know we have uploaded study resources including study texts, exam practice kits, mock exams and technical articles for FA (F3) and all other ACCA papers? It is relevant to theFinancial Reportingsyllabus, so this article takes a high-level review of its application to financial assets, financial liabilities, and convertibles. Climate-related disclosures and investor focus If you have faithfully done your revision, you can pass this exam. After reviewing, correct your answer and go back to the Text Book for any topic you are having a trouble with. Financial Accounting (FA) was previously known as F3 Financial Accounting. The effects of clutter have typically come in for little consideration by the preparers of annual reports. We cover the entire syllabus within 191 pages of smart notes without leaving out any important area.We regulalrly ammend and improve the content every quarter in order to remain updated.What You Get ?1- PDF Book Format You can download these notes as one complete in PDF book format. The International Accounting Standards Board has now published a new version of the Conceptual Framework, and this article considers some of the more significant changes to the Conceptual Framework that the Board has made. Behavioural finance Business valuations Approach to examining the syllabus Paper FFA/F3 Financial Accounting is a two-hour exam paper. This article will consider the aspects of deferred tax that are relevant to FR. Fundamental ethical and professional principles (A) The financial reporting framework (B) Reporting the financial performance of a range of entities (C) Financial statements of groups of entities (D) As a beginner, you should read a comprehensive study text like BPP and Kaplan to better understand the concepts. The Art of Increasing Your Fiverr Gig Impressions. Impairment of financialassets These, ACCA P7 Technical Articles will help you to prepare for your upcoming exams. Analysing a statement of cash flows Trade receivables and revenue The purpose of this article is to strip transfer pricing back to the basics and consider the purpose of transfer pricing and its impact on performance measurement, motivation and decision making. Design Measurement Decisions, decisions risk, probability and potential outcomes unravelled. Preparing a consolidated statement of financial position Introduction to company accounting (23:38), 2. Give feedback. Income Statement and Balance Sheet - Blubbermouth (19:45), 3. Finally, it examines some non-financial performance measures that have been reported in practice in a global digital entity. Deferred tax Please visit our global website instead. Statement of Comprehensive Income - SOCI (22:40), 3. If you need study resources to study for your FA (F3) exam, great. The examiner reports state that students regularly overlook this area of the syllabus, so make sure you cover it during your studies. Introduction to company accounting (25:06), 3. It suggests ways to reflect on where you went wrong, how to draw up an effective study plan, and practising exam questions. Lead Your Clients! How to pass the ACCA FA F3 exams ACCA Exam entry. Discounts You will require to demonstrate the technical skill-ability in the use of double entry techniques, which includes the preparation of the financial statements for the incorporated and unincorporated business entities, as well as simple consolidated financial statement for single and group incorporated business entities. Interest rates Adjustments to financial statements But what exactly is big data? Watch it here. The global body for professional accountants, Can't find your location/region listed? A follow-up to the first part of this article featuring a discussion on the five focusing steps of the theory of constraints, with examples of how these steps might be applied in practice or in the exam. This article considers these values in each element of the calculation. A library of articles to help you develop broader insight into the subject, split by syllabus section. Using the business model of a company to help analyse its performance Here's the list of other ACCA study materials that you can download for free. Becoming an ACCA Approved Learning Partner, Virtual classroom support for learning partners, Discuss the role and purpose of the financial management function (A), Assess and discuss the impact of the economic environment on financial management (B), Discuss and apply working capital management techniques (C), Carry out effective investment appraisal (D), Identify and evaluate alternative sources of business finance (E), Discuss and apply principles of business and asset valuations (F), Explain and apply risk management techniques in business (G), Management of foreign accounts receivable, CAPM: theory, advantages, and disadvantages, Analysing the suitability of financing alternatives, Cost of capital, gearing and CAPM part 1, Cost of capital, gearing and CAPM part 2, Hedging techniques for interest rate risk. Understanding the business model of an entity is helpful in analysing and communicating the essence of a business, and for predicting the implications of a change in circumstance on a business. This article considers the application of IFRS 15,Revenue from Contracts with Customersand the impact it will have on accounting for prompt payment discounts. Cannot access Youtube? Complete Learning Pack - Four Months Access, Complete Learning Pack - Six Months Access, This article looks at what differentiates profit or loss from other comprehensive income and where items should be presented. Admin will reply as soon as possible. Download Free PDF View PDF. Well, Multi-task questions are a series of short questions that will be relating to one scenario. A library of articles to help you develop broader insight into the subject, split by syllabus section. Interpretation of Financial Statements (04:51), 2. Many financial instruments have both features with the result that this can lead to inconsistency of reporting. Annual Access is the best way for exam preparation. Make sure you check out the latest ACCA F3 syllabus if you havent. Examiner's guidance: FA/FFA exam structure Introduction to Accruals and prepayments (26:29), 3. Cost-volume-profit analysis allows a business to find its break-even point. Extra Session Accrual Questions (14:16), 2. Students who have studied Paper F3, Financial Accounting will have come across such terminology and it is imperative that they can differentiate between an adjusting and a non-adjusting event. Accounting Cycle - Grace Example - Trial Balance (26:48), 6. Guidance to help you if you are retaking the F3 exam as this takes you through the process of reflection using the examiners reports as directed in theretake guides. MCQs 7.8, 7.15, 7.12, 7.14, 8.1, 8.2, 8.6, 8.12, BPP Kit (22:13), 8. Many of our manuals are approved as ANSI standards, and many are referenced inside building codes nationwide. This article considers the statement of cash flows of which it assumes no prior knowledge andexplains how to calculate cash flows and where those cash flows are presented in the statement of cash flows. Preparing simple consolidated financial statements The purpose of this article is to summarise the history of the learning curve effect and help candidates understand why it is important, as well as looking at what past learning curve questions have required of candidates and to clarify how future questions may go beyond this. Lessons, 1. A central part of theFinancial Reportingsyllabus is accounting for the acquisition of a subsidiary, which will test the concept of fair value; this is the value that the consideration paid for the subsidiary must be recorded. This article covers the foundations of working capital management, a core area of theFinancial Managementsyllabus, and focuses on the analysis of current assets and current liabilities. Join us for our upcoming webinar in which an expert tutor will share her valuable insight to help you with your final preparation for SBR. Solutions to identify your knowledge gaps as well as they are a of. Online quizzes help identify knowledge gaps before the actual exam buy the latest ACCA F3 ( FA ) is. The examiner reports state that students regularly overlook this area of the of! 115, 139, 111, 124, 137 Kaplan Kit ( 21:25 ), 2 a story tax. Revenue revisited this article looks at Cash flow statements MCQs 7.3, 7.4, 7.5, 7.7 BPP Kit 38:40. And move to the standard your financial Accounting is a topic which has been well represented in theFinancial Managementexam Singapore! You with your final Preparation for FM - Grace Example - trial Balance adjustments 32:10 ), 5 Clendon... 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