ACCA Financial Accounting (FA): 320 Practice Questions

This course contains the use of artificial intelligence.

Build your financial accounting judgement with 320 original English practice questions across six tests. The course follows the ACCA Financial Accounting (FA, formerly F3) and shared FFA syllabus for September 2026 to June 2027. It focuses on foundational financial accounting rather than the separate Financial Reporting (FR) exam.

Practise the full accounting process

Work from source documents and double-entry records through adjustments, reconciliations and financial statements. Questions cover reporting concepts and users, accounting systems, sales tax and discounts, inventory methods, tangible and intangible assets, accruals and prepayments, receivables, provisions, company finance, trial balances and error correction.

Then connect the numbers: prepare statement extracts, distinguish adjusting events, construct direct and indirect cash-flow information, complete basic group-accounting calculations and interpret profitability, liquidity, efficiency and financial position. The applicable FA treatment of IFRS 18 and updated IAS 7 is used, including operating profit as the indirect-method starting point for the ordinary trading businesses described.

Six tests with a clear progression

• Test 1: foundations, reporting and bookkeeping — 55 questions.
• Test 2: transactions, assets and adjustments — 65 questions.
• Test 3: reconciliations, errors and equity — 50 questions.
• Test 4: statements, groups and ratio analysis — 50 questions.
• Test 5: adapted timed practice — 35 independent questions plus two shared cases with eight and seven tasks, 120 minutes.
• Test 6: adapted timed practice — the same 50-item format, with different conditions and cash-flow and mid-year group cases, 120 minutes.

Every answer option has feedback. Overall explanations show the relevant reasoning or calculation, and a short study tip helps you decide what to revisit. The cases connect several adjustments within one business, so you can practise how individual entries affect profit, assets, cash and equity together.

Understand the practice format

The official two-hour exam has 35 two-mark objective-test questions and two 15-mark multi-task questions, with a 50/100 pass mark. These Udemy tests use single- and multiple-response choices, including numerical answers presented as choices. Shared cases are split into separate, equally weighted Udemy questions. They do not reproduce the official CBE interface, task interactions or scoring weights. The course's 70% threshold is a practice benchmark, not an official pass prediction or a conversion to an ACCA mark.

Use the first four tests to identify gaps, review the explanations and revisit your study materials before attempting the two timed tests. This is a question-based supplement, not a complete taught syllabus or the official exam practice platform. It provides no professional qualification, guaranteed result or official endorsement. ACCA is the relevant examination body's name; this independently prepared course is not affiliated with or approved by ACCA.