ACCA FA/F3 & FFA Practice Tests: Accounting Decisions

Categories: Finance & Securities
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About Course

This course contains the use of artificial intelligence.

Can you explain how an adjustment changes both the accounts and the final statements? These ACCA FA/FFA practice tests help you move from remembering debit and credit rules to following transactions through profit, assets, cash and equity. They suit students revising Financial Accounting for September 2026 to June 2027, including learners familiar with the former F3 name.

Follow the accounting decision

Practise source documents and double-entry records, discounts and sales tax, inventory, depreciation, accruals, receivables and provisions. Reconciliation and error-correction tasks ask you to find the cause of a difference before changing a balance. Later questions connect statement extracts, cash flows, basic consolidation and ratio interpretation, using the FA treatment of IFRS 18 and updated IAS 7 for the businesses described.

Turn workings into useful revision

The 320 questions progress through four focused sets and two adapted timed practices. Each timed practice has 50 items over 120 minutes: 35 independent questions and two shared cases split into eight and seven tasks. Feedback for every option and overall explanations help you trace an incorrect result to its mistaken entry, calculation or assumption.

Keep your workings during focused practice. Review guesses as carefully as errors, revisit the relevant study material, then attempt a timed case and explain how its adjustments connect.

Bring basic arithmetic, your FA/FFA materials and a calculator. This is an independent question-based supplement, not ACCA's CBE platform: its equally weighted case choices do not reproduce official MTQ interactions or scoring. The 70% practice target is a study benchmark. The course is not affiliated with or approved by ACCA.

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Explore original questions and explanations. No account or payment required.

What Will You Learn?

  • Apply reporting principles, source-document controls and double-entry bookkeeping to practical transactions.
  • Calculate inventory, depreciation, amortisation, accruals, receivables and provision adjustments.
  • Reconcile bank and supplier balances and correct trial-balance and suspense-account errors.
  • Prepare financial statement and cash-flow extracts using the current FA reporting framework.
  • Calculate basic goodwill, group balances, unrealised profit and mid-year consolidation adjustments.
  • Interpret accounting ratios and explain why profit, liquidity and cash can point in different directions.

Course Content

Practice tests

  • Foundations, Reporting and Bookkeeping
  • Transactions, Assets and Adjustments
  • Reconciliations, Errors and Equity
  • Statements, Groups and Ratio Analysis
  • Timed Practice 1: Accounts and Full-Year Group
  • Timed Practice 2: Cash Flows and Mid-Year Group