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EXAMINER’S APPROACH: F 3, F FA Financial Accounting. WHERE THE PAPER FITS?. Advanced Diploma in Accounting and Business (6 papers + Professional ethics module) (ACCA Fundamentals Skills Module – 6 exam papers only). Diploma in Accounting and Business (3 papers below + FiP). - PowerPoint PPT Presentation
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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!
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