EXAMINER’S APPROACH:

F3,FFA FinancialAccounting

WHERE THE PAPER FITS?

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)

LINKS TO OTHER PARTS OF THE

QUALIFICATION?

P2

F7

PER

OVERALL CONCEPT?

Principles and concepts

Technical proficiency

BROAD THEMES?

Double entry bookkeeping

Context and purpose offinancial reporting

Preparing basic financial statements

Recording transactions

Basic consolidationsand interpretation

F3CONTENT

Section B

Section A

Section C

Section H

Section D

Sections E and F

Section G

EXAM STRUCTURE?

2 hours

50 two mark

All compulsory

Guessing?

On demand?

Time allocation?

Choice?

EXAM TIPS

Key strategy Key areas

Tip 2 - Breadth!

Tip 1 - Background!

Tip 3 - Practice!

EXAM PITFALLS

Pitfall 2 - Rushing!

Pitfall 1 - Unprepared!

Pitfall 3 - Unanswered questions!

Examiners’ reports

Common problems

TO CONCLUDE

Apply!

Read!

Move on!