Financial Accounting/FFA - 2025/26 - Exam Practice Kit

The overall aim of the Financial Accounting syllabus is to develop your knowledge and understanding of the underlying principles, concepts and regulations relating to financial accounting.

The skills you learn at Financial Accounting will be built on in Financial Reporting (FR) and Strategic Business Reporting (SBR).

The broad syllabus areas are:

• The context and purpose of financial reporting
• Accounting principles, concepts and qualitative characteristics
• The use of double-entry and accounting systems
• Recording transactions and events
• Reconciliations
• Preparing a trial balance
• Preparing financial statements
• Preparing basic consolidated financial statements
• Interpretation of financial statements