ACCA F3 Financial Accounting (FFA/F3)
About this course
The course will allow you to demonstrate technical proficiency in the use of double-entry techniques, including the preparation and interpretation of basic financial statements for sole traders, partnerships, companies and simple groups of companies.
Upon completion of this course, you will understand how to:
- record, process and report business transactions
- use the trail balance and identify and correct errors
- draft financial statements
- apply the qualitative characteristics of useful information.
Completion of this course will also prepare you for the ACCA exam ‘Financial Accounting’ (FFA/F3), one of three exams required to achieve the ACCA Diploma in Accounting and Business.
- The syllabus for Paper FFA/F3, Financial Accounting, introduces the candidate to the fundamentals of the regulatory framework relating to accounts preparation and to the qualitative characteristics of useful information.
- The syllabus then covers drafting financial statements and the principles of accounts preparation.
- The syllabus then concentrates in depth on recording, processing, and reporting business transactions and events.
- The syllabus then covers the use of the trial balance and how to identify and correct errors, and then the preparation of financial statements for incorporated and unincorporated entities.
- The syllabus then moves in two directions, firstly requiring candidates to be able to conduct a basic interpretation of financial statements; and secondly requiring the preparation of simple consolidated financial statements from the individual financial statements of group incorporated entities.
Take this course if you’re just starting out in finance, or if you work in finance but do not yet have a professional qualification.