F3 Financial Accounting

All questions in the F3 exam are compulsory. The F3 exam contains 35 objective test (OT) questions which are each worth 2 marks. There are also two 15-mark multi-task questions (MTQ). The F3 exam is available in paper-based and computer-based exam formats. The MTQs cover financial statements preparation (for either a sole trader or a company) and group accounting.

How do candidates know what is in the syllabs?

Candidates and tuition providers are advised to regularly review the syllabus guidance published on the ACCA website.

How do candidates know which IFRS will be examinable in F3?

The ACCA website contains a list of examinable documents for F3 Financial Accounting.

The ACCA website includes only one sample pilot paper for F1, F2 and F3. Are there plans to include more past exam papers?

No, there are not plans to publish more F1, F2 and F3 papers on our website. Please read the study guides produced by our official publishers for further examples of exam questions.

Will IFRS15 be examinable in F3?

No. Although IFRS15 was issued in May 2014, it is not examinable in F3 in the period to August 2016. F3 will continue to apply the principles of IAS18 Revenue. IFRS15 is listed as an examinable document for F7 Financial Reporting and P2 Corporate Reporting.

The ACCA website includes only one sample pilot paper for F1, F2 and F3. Are there plans to include more exam past papers?

FFA - why is partnership not part of the syllabus?

The FFA/F3 syllabus is designed to be suitable for candidates without any existing knowledge of the subject. Consequently the syllabus coverage is wide.

We felt that including detailed accounting of partnerships would make the syllabus unwieldy. However, the basic concept of what a partnership is continues to be part of the syllabus - just not the detailed accounting.