ACCA Financial Accounting (FA) Study Text 2023/24

Summary and topics covered:

The Financial Accounting Study Text helps you learn the underlying principles, concepts and regulations relating to financial accounting, with a newly evolved focus on modern computerised accounting proccesses. Written by subject specialists, the Study Text will encourage you to develop technical proficiency in the use of double-entry accounting techniques and you can follow guidance from ACCA about how to apply your knowledge to the exams. You can test how much you’ve learnt with knowledge tests which appear regularly throughout the text and it includes supplementary materials to increase your chance of success.

Topics covered:

• Context and purpose of financial reporting
• Qualitative characteristics of financial information

• Fundamental bases of accounting
• Double entry and accounting systems
• Recording transactions and events
• Preparing the trial balance (including identifying and correcting errors)
• Preparing financial statements
• Preparing consolidated financial statements
• Interpreting financial statements

Exam sittings
Computer Based Exams (CBEs) from September 2023 to August 2024 inclusive