FFA Financial Accounting

The syllabus introduces the candidate to the fundamentals of the regulatory framework relating to accounts preparation and to the qualitative characteristics of useful information.

Main topic areas

  • Drafting financial statements and the principles of accounts preparation
  • Recording, processing, and reporting business transactions and events
  • Use of trial balance and how to identify and correct errors
  • Preparation of financial statements for incorporated and unincorporated entities
  • Basic interpretation of financial statements
  • Preparation of simple consolidated financial statements.


Examination structure

  • The examination comprises of 50 two mark compulsory multi-task questions (MTQs). MTQs contain a series of tasks which relate to one or more scenarios
  • It is assessed by 2 hour paper based or computer based examination.
  • The pass mark is 50%