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ACCOUNTANCY · 50 lessons

ACCA Financial Accounting (FA)

How the FA exam is built and how to pass it — the objective section, the two fifteen-mark tasks, and sitting your on-demand CBE with us.

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4 one-to-one 45-minute sessions with a Sterling teacher alongside the course. The parts of this exam a video cannot practise with you.

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Syllabus

Lessons are presented by Emma, our AI teacher. The curriculum is written by Sterling College London tutors.

quiz 50 end in a quiz

Module 1: Exam preparation with Sterling

  • How the FA exam worksquiz🔒
  • The two sections, and where the marks arequiz🔒
  • The question types you will meetquiz🔒
  • The five things people get wrongquiz🔒
  • Your four-week planquiz🔒
  • Booking and test day at Sterlingquiz🔒

Module 2: A. The context and purpose of financial reporting

  • What financial statements are forquiz🔒
  • Who needs them, and whyquiz🔒
  • The elements of financial statementsquiz🔒
  • The regulatory frameworkquiz🔒
  • Governance and responsibilityquiz🔒

Module 3: B. Accounting principles and qualitative characteristics

  • Accounting principles and conceptsquiz🔒
  • What makes information usefulquiz🔒
  • The enhancing characteristicsquiz🔒

Module 4: C. Double-entry bookkeeping and accounting systems

  • The accounting equationquiz🔒
  • Debits and creditsquiz🔒
  • Books of prime entryquiz🔒

Module 5: D. Recording transactions and events

  • Sales, purchases and sales taxquiz🔒
  • Cash and the cash bookquiz🔒
  • Inventory: cost and net realisable valuequiz🔒
  • Valuing inventory: FIFO and AVCOquiz🔒
  • Tangible non-current assetsquiz🔒
  • Depreciationquiz🔒
  • Disposalsquiz🔒
  • Revaluationquiz🔒
  • Intangibles and amortisationquiz🔒
  • Accruals and prepaymentsquiz🔒
  • Irrecoverable debts and allowancesquiz🔒
  • Provisions and contingenciesquiz🔒
  • Capital structure and finance costsquiz🔒

Module 6: E. Reconciliations

  • Control accountsquiz🔒
  • Bank reconciliationsquiz🔒
  • Supplier statement reconciliationsquiz🔒

Module 7: F. Preparing a trial balance

  • The trial balancequiz🔒
  • Correction of errorsquiz🔒
  • Suspense accountsquiz🔒

Module 8: G. Preparing financial statements

  • The statement of financial positionquiz🔒
  • The statement of profit or loss under IFRS 18quiz🔒
  • Disclosure notesquiz🔒
  • Events after the reporting periodquiz🔒
  • The statement of cash flows: operatingquiz🔒
  • The statement of cash flows: investing and financingquiz🔒
  • Incomplete recordsquiz🔒

Module 9: H. Consolidated financial statements

  • Consolidation: control and the groupquiz🔒
  • Goodwill and the non-controlling interestquiz🔒
  • The consolidated statement of financial positionquiz🔒
  • Associatesquiz🔒

Module 10: I. Interpretation of financial statements

  • Why analyse financial statementsquiz🔒
  • The ratiosquiz🔒
  • Interpreting the ratiosquiz🔒