Financial Accounting (ACCA)
Financial Accounting (ACCA)
Our Financial Accounting ACCA Edition guide gives you a comprehensive understanding of the fundamentals of financial accounting including: double entry, bookkeeping, accounting treatment and the preparation of the financial statements.
This guide is intended for students taking the Financial Accounting exam for the Applied Knowledge stage of the ACCA (FA) or for the Foundations in Accountancy Financial Accounting (FFA).
This guide is suitable for students taking exams between September 2023 to August 2024.
Financial Accounting Topics
Introduction to financial accounting
The Accounting Equation
Recording transactions
Double entry and ledger accounting
Preparation of the Financial Statements
Statement of Profit or Loss
Statement of Financial Position
Statement of Cash Flows
Control accounts
Errors and the suspense account
Accruals and prepayments
Cost of sales Inventories
Non-current assets and depreciation
Irrecoverable debts, provisions and contingencies
Sales tax
Sole Trader Financial Statements
Limited Company Financial Statements
Consolidated Financial Statements
Interpretation of the Financial Statements
Last updated in March 2021 for students taking exams from September 2023 to August 2024.
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