FFA STUDY MATERIAL

FFA STUDY MATERIAL :

ALL THE KITS YOU NEED:

link for kit:

DOWNLOAD BPP FMA KIT:

Every student has access to the ACCA exam kits. These kits contain many questions on the specific subject matter. Each question contained in the exam kit is constructed in the same way and at the same level of difficulty as the actual exam question.

KAPLAN KIT:

These sets of exam questions and answers are essential in achieving effective study since they work on exam readiness, and the high passing rate is a measurable output specific to those results.

KAPLAN STUDY TEXT:

STUDY HUB PDF:

FFA MHA BOOK PDF:

MOCKS:

GOOGLE DRIVE LINK :

Your learning materials are almost effortless to obtain because they are easily available on Google Drive. It's kind of like a personal internet library stashed with all the resources you need and well ordered for your ready reference.

FFA FORMULA SHEET:

HAND WRITTEN SHORT NOTES

CHAPTER WISE NOTES:

LECTURES OF FFA:

mirchanwala google drive link:

first half

second half

LECTURES OF FFA:

SIR AMIR SHAKOOR LECTURES:

ABOUT FFA F3 SUBJECT:

The FFA, or Financial Accounting paper, is more commonly referred to by its previous code, F3. It is a very important subject in the ACCA Applied Knowledge level, or the Foundations in Accountancy suite. It is the essential introduction to the preparation of financial statements for external use.

Building on the basic double-entry principles covered in FA2, the technical skills necessary to prepare the basic financial statements-the Statement of Profit or Loss and Statement of Financial Position-for sole traders and limited companies are developed in FFA/F3. It also introduces the student to the conceptual framework and the rudiments of IFRS, including more advanced items such as simple group consolidations and preparation of a basic Statement of Cash Flows. This is a foundational paper for all subsequent financial reporting and auditing exams.

1. What is the major difference between FFA/F3 and FA2?

FA2 focuses on the process of maintaining records for sole traders and partnerships, such as bank reconciliations, control accounts, and adjustments. Meanwhile, FFA/F3 takes that knowledge and significantly enhances it by including the preparation of limited company accounts with share capital and retained earnings, an introduction to IFRS and the conceptual framework, the Statement of Cash Flows, and simple group accounts (consolidations).

2. Are the questions completely numerical?

No. The exam is a mix. Section A (70% of marks) contains 35 two-mark Objective Test (OT) questions, which examine both theory (for example IFRS rules, conceptual framework) and calculations (for example depreciation, inventory valuation). Section B (30% of marks) contains two 15-mark Multi-Task Questions (MTQs) which are usually heavily numerical involving the preparation of financial statements or a consolidation worksheet.

3. Which are the most examinable and complex areas?

The most critical and challenging areas that are usually tested in 15-mark MTQs include:

Preparation of financial statements, namely the Statement of Profit or Loss and Statement of Financial Position, of a limited company.

Simple Consolidations Statement of Financial Position for a parent and one subsidiary. Adjustments relating to Accruals, Prepayments, Irrecoverable Debts, and Depreciation. 4. Does this paper require knowledge of IFRS? Only a basic, introductory level is required. Yes, FFA/F3 introduces the Conceptual Framework and the fundamental accounting treatments from key standards such as IAS 16 (Property, Plant and Equipment) and IAS 2 (Inventories) that determine how the financial statements are prepared. You do not need the in-depth knowledge that you will require for the later Financial Reporting (FR) paper.

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