examiner’s approach: f 3, f fa financial accounting
TRANSCRIPT
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EXAMINER’S APPROACH:
F3,FFA FinancialAccounting
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WHERE THE PAPER FITS?
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Diploma in Accounting and Business (3 papers below + FiP)
(ACCA Fundamentals Knowledge module – 3 exam papers only)
F1 Accountant in Business (FAB)
F2 Management Accounting (FMA)
F3 Financial Accounting (FFA)
Advanced Diploma in Accounting and Business (6 papers + Professional ethics module)
(ACCA Fundamentals Skills Module – 6 exam papers only)
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LINKS TO OTHER PARTS OF THE
QUALIFICATION?
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P2
F7
PER
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OVERALL CONCEPT?
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Principles and concepts
Technical proficiency
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BROAD THEMES?
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Double entry bookkeeping
Context and purpose offinancial reporting
Preparing basic financial statements
Recording transactions
Basic consolidationsand interpretation
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F3CONTENT
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Section B
Section A
Section C
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Section H
Section D
Sections E and F
Section G
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EXAM STRUCTURE?
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2 hours
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50 two mark
All compulsory
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Guessing?
On demand?
Time allocation?
Choice?
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EXAM TIPS
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Key strategy Key areas
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Tip 2 - Breadth!
Tip 1 - Background!
Tip 3 - Practice!
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EXAM PITFALLS
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Pitfall 2 - Rushing!
Pitfall 1 - Unprepared!
Pitfall 3 - Unanswered questions!
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Examiners’ reports
Common problems
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TO CONCLUDE
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Apply!
Read!
Move on!
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