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ACCA FA · Financial Accounting

Everything you need to pass ACCA FA.

Covers the principles of double-entry bookkeeping, preparation of financial statements, and basic financial analysis. £99 on its own, or all three Applied Knowledge papers for £149, with lifetime access.

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  • 2h exam length
  • On demand book it when you are ready
  • Applied Knowledge level
  • £99 on its own, lifetime access

Taught by experts

Real experts behind every FA course.

The qualified-accountant tutors who teach the paper, with an AI Tutor in every lesson.

James Griffiths, VIVA tutorJames Griffiths
FA

James Griffiths is VIVA's tutor for ACCA Financial Accounting (FA) and Financial Reporting (FR), and CIMA Financial Reporting (F1) and Advanced Financial Reporting (F2).

ACCA FA
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The syllabus

What FA covers.

Financial Accounting (FA) covers the preparation of financial statements for sole traders and companies under IFRS. You'll learn double-entry bookkeeping, trial balances, adjustments, and the production of income statements, statements of financial position, and cash flow statements.

  • Double-entry bookkeeping and ledger accounts
  • Trial balance and period-end adjustments
  • Income statement and statement of financial position
  • Statement of cash flows
  • Accounting for sole traders and partnerships
  • Company accounts: shares, debentures, dividends

The course, section by section

9 sections · 105 lessons · 12h 6m of video

  1. 01 A. The context and purpose of financial reporting 1 module5 lessons34m of video
    1. Introduction to financial reporting 5 lessons 34m
      1. Financial reporting 3m
      2. Financial statements 12m
      3. Users of financial statements 2m
      4. Business entities 8m
      5. Governance 9m
  2. 02 B. The qualitative characteristics of financial information 1 module3 lessons30m of video
    1. The regulatory framework 3 lessons 30m
      1. Regulatory frameworks 3m
      2. IFRS overview 8m
      3. Conceptual framework 19m
  3. 03 C. The use of double-entry and accounting systems 2 modules7 lessons47m of video
    1. Books of prime entry 3 lessons 20m
      1. Preparing financial statements 3m
      2. Business documentation 6m
      3. Books of prime entry 11m
    2. Double-entry accounting 4 lessons 27m
      1. Ledger accounts 3m
      2. Double-entry accounting 16m
      3. Balancing ledger accounts 5m
      4. Journals 3m
  4. 04 D. Recording transactions and events 8 modules37 lessons4h 18m of video
    1. Recording sales, cash and purchases transactions 4 lessons 40m
      1. Basic transactions 5m
      2. Returns 5m
      3. Discounts 13m
      4. Sales tax 17m
    2. Inventory 5 lessons 32m
      1. Defining inventory 2m
      2. Recording inventory 9m
      3. Valuing inventory 8m
      4. Cost of inventory 11m
      5. Disclosures 2m
    3. Tangible non-current assets 5 lessons 58m
      1. Acquisition 12m
      2. Depreciation 14m
      3. Disposals 10m
      4. Revaluations 17m
      5. Disclosures 5m
    4. Intangible non-current assets 6 lessons 20m
      1. Definition 2m
      2. Recognition 2m
      3. Research and development 8m
      4. Amortisation 4m
      5. Subsequent measurement 1m
      6. Disclosure 3m
    5. Accruals and prepayments 3 lessons 30m
      1. Background 2m
      2. Expenses 16m
      3. Income 12m
    6. Receivables 4 lessons 22m
      1. Credit facilities 5m
      2. Irrecoverable debts 6m
      3. Allowance for receivables 9m
      4. Presentation 2m
    7. Provisions and contingencies 4 lessons 19m
      1. Provisions 11m
      2. Contingent liabilities 4m
      3. Contingent assets 2m
      4. Disclosure 2m
    8. Capital structure and finance costs 6 lessons 37m
      1. Capital structure 3m
      2. Ordinary shares 6m
      3. Bonus and rights issues 9m
      4. Loan notes 5m
      5. Preference shares and dividends 10m
      6. Other reserves 4m
  5. 05 E. Reconciliations 2 modules6 lessons45m of video
    1. Control accounts and reconciliations 3 lessons 27m
      1. Control accounts 5m
      2. Key entries 9m
      3. Reconciliations 13m
    2. Bank reconciliations 3 lessons 18m
      1. Purpose of bank reconciliations 3m
      2. Differences 3m
      3. Bank reconciliations 12m
  6. 06 F. Preparing a trial balance 1 module4 lessons28m of video
    1. Trial balance and correction of errors 4 lessons 28m
      1. Trial balance 5m
      2. Types of error 11m
      3. Suspense accounts 6m
      4. Correction of errors 6m
  7. 07 G. Preparing financial statements 6 modules24 lessons2h 36m of video
    1. Corporate income tax 2 lessons 14m
      1. Background 3m
      2. Recording corporate income tax 11m
    2. Events after the reporting period 4 lessons 16m
      1. Fundamental concept 3m
      2. Non-adjusting events 3m
      3. Adjusting events 5m
      4. Dividends 5m
    3. Preparing financial statements 5 lessons 41m
      1. Main financial statements 3m
      2. SOPL and OCI 10m
      3. SOFP and SOCIE 8m
      4. Adjustments 6m
      5. Illustration 14m
    4. Disclosure notes 2 lessons 11m
      1. Purpose of disclosure notes 2m
      2. Examinable disclosures 9m
    5. Statement of cash flows 6 lessons 43m
      1. Cash flow basics 2m
      2. Statement of cash flows 2m
      3. Operating activities 13m
      4. Investing activities 6m
      5. Financing activities 8m
      6. Illustration 12m
    6. Incomplete records 5 lessons 31m
      1. Incomplete records 1m
      2. Accounting equation 7m
      3. Ledger accounts 13m
      4. Bank and cash statements 2m
      5. Profit percentages 8m
  8. 08 H. Preparing basic consolidated financial statements 3 modules13 lessons1h 37m of video
    1. Consolidated SOFP 6 lessons 1h
      1. Groups 11m
      2. Consolidation accounting 24m
      3. Preparing CSOFP 4m
      4. Intra-group trading 8m
      5. Mid-year acquisitions 3m
      6. Illustration 10m
    2. Consolidated SOPL 4 lessons 24m
      1. Preparing the CSOPL 12m
      2. Mid-year acquisitions 3m
      3. Stepped process 2m
      4. Illustration 7m
    3. Associates 3 lessons 13m
      1. Significant influence 2m
      2. Accounting for associates 6m
      3. Illustration 5m
  9. 09 I. Interpretation of financial statements 1 module6 lessons31m of video
    1. Interpretation of financial statements 6 lessons 31m
      1. Financial ratios 4m
      2. Profitability ratios 9m
      3. Liquidity ratios 3m
      4. Efficiency ratios 8m
      5. Position ratios 4m
      6. Limitations 3m

Modern tuition

Expert video, with a tutor in every lesson.

Built and taught by people who have lectured this material for years, with an AI Tutor sitting inside each lesson to answer the question you have right now.

  • Experts Former Kaplan and BPP lecturers and academics from major UK universities.
  • AI Tutor Ask a question inside the lesson and get an answer grounded in that lesson.
  • Pick up where you left off Your progress is saved lesson by lesson, so you always come back to the right place.

ACCA Applied Knowledge

FA is one of the three Applied Knowledge papers. ACCA lets you sit them in whatever order suits you.

See all of Applied Knowledge →
  1. BT Business and Technology
  2. FA Financial Accounting You are here
  3. MA Management Accounting

Personalised ACCA pack

FA is £99 on its own, or Applied Knowledge for £149.

Tell us which ACCA papers you have already passed, or are exempt from taking. The best option updates as you go.

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Applied Knowledge

£149

Papers included
  • BT Business and Technology
  • FA Financial Accounting
  • MA Management Accounting
Buy a single paper for £99

One paper at a time - or save with the Applied Knowledge pack.

Applied Skills

£349

Papers included
  • AA Audit and Assurance
  • FM Financial Management
  • FR Financial Reporting
  • LW Corporate and Business Law
  • PM Performance Management
  • TX Taxation
Buy a single paper for £149

One paper at a time - or save with the Applied Skills pack.

Strategic Professional

£499

Papers included
  • SBL Strategic Business Leader
  • SBR Strategic Business Reporting
  • AAA Advanced Audit and Assurance
  • AFM Advanced Financial Management
  • APM Advanced Performance Management
  • ATX Advanced Taxation
Buy a single paper for £199

One paper at a time - or save with the Strategic Professional pack.

Your order

  • FA Financial Accounting Single subject, lifetime access £99
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Questions

The things students ask before buying.

What does the FA course include?

Expert video lessons from qualified-accountant tutors across the FA syllabus, with an AI Tutor in every lesson and your progress saved as you go. £99 on its own, with lifetime access.

How is FA examined?

The FA exam is 2h long. FA is on demand, so you book it when you are ready.

Does the course cover the whole FA syllabus?

Yes. The video lessons cover every section of the FA syllabus, and the AI Tutor in each lesson answers questions on it as you study.

Do ACCA courses include mock exams?

ACCA courses are taught courses: video lessons with an AI Tutor in every lesson. Online mock exams with marking are part of our CIMA courses.

Is it cheaper to buy the whole Applied Knowledge level?

The Applied Knowledge pack is £149 and covers every paper in the level, however many you have left. Anything you have already bought comes off the pack price, so buying one paper first never costs you more.

How long do I have access?

Lifetime access, on every course. There is no subscription and no renewal - if you need to resit, or come back to the material years later, it is still there.

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