Financial Accounting (FA): the practice module
Exam body: ACCA. Verified for ACCA Financial Accounting (FA/FFA) Syllabus and study guide, September 2026 to June 2027 on October 16, 2026.
What it covers
Covers: single-answer and multiple-answer multiple-choice questions written to this exam’s outline, format and timing.
Does not cover: multiple response matching, number entry, multi-task questions (Section B). DoMcq is multiple-choice only; the real exam’s other item types are out of scope.
Question format
- Every question has exactly 4 options.
- One or more correct answers per question (multiple-answer stems say how many to choose, and are scored all-or-nothing unless the module says otherwise).
- Not allowed as an option: “all of the above”, “none of the above”.
- Stems follow the exam’s conventions, such as “How does the profit margin for 20X9 compare with that of 20X8?”.
Exam mode
The real exam is 35 questions in 84 minutes. Exam mode keeps that pace for any number of questions.
Topics
The official topic list, as the exam body names it. Your questions must use these names; the coverage dashboard compares your set to each topic’s official weight.
| Topic | Subtopics |
|---|---|
| The context and purpose of financial reporting | The context and purpose of financial statements for external reporting · Stakeholders’ needs · The main elements of financial statements · The regulatory framework · Duties and responsibilities of those charged with governance |
| Accounting principles, concepts and qualitative characteristics | Key principles and concepts of accounting · Qualitative characteristics of useful financial information |
| The use of double-entry bookkeeping and accounting systems | Double-entry bookkeeping principles including the maintenance of accounting records · General ledger accounts and journal entries |
| Recording transactions and events | Sales and purchases · Cash · Inventories · Tangible non-current assets · Depreciation · Intangible non-current assets and amortisation · Accrued expenses (accruals), prepaid expenses (prepayments), accrued income, and deferred income · Receivables and payables · Provisions and contingencies · Capital structure and finance costs |
| Reconciliations | Bank reconciliations · Payables account reconciliations |
| Preparing a trial balance | Trial balance · Correction of errors · Suspense accounts |
| Preparing financial statements | Statement of financial position · Statement of profit or loss and other comprehensive income · Disclosure notes · Events after the reporting period · Statement of cash flows (excluding partnerships) · Incomplete records |
| Preparing basic consolidated financial statements | Subsidiaries · Associates |
| Interpretation of financial statements | Importance and purpose of analysis of financial statements · Ratios · Analysis of financial statements |
Trademarks
DoMcq is not associated with or approved by ACCA, and the views expressed here do not necessarily reflect the views of ACCA. DoMcq is an independent practice tool; ACCA (word and logo) is a registered trademark of the Association of Chartered Certified Accountants, and the exam names are used only to identify the exams.
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