Sterling Learn

ACCOUNTANCY · 56 lessons

ACCA Financial Accounting (FA / FFA)

Double entry through to consolidated accounts in fifty lessons, written against the standards examinable this year. ACCA publishes one syllabus for FA and FFA, so this course covers both codes.

ACCA Unlimited — this paper and the other three, one subscription

BT, MA, FA and LW: every lesson, question bank and timed mock, and the papers you can sit at our own London centre any week of the year. Cancel any time — if you pass and no longer need us, that is the plan working.

£19.99/monthor £199.00/year

SubscribePay yearly

£99.00buy this paper outright · 12 months' access💻 100% online

Buy this courseSee plans

Prefer to work with a tutor?

4 one-to-one 45-minute sessions with a degree-qualified accountancy tutor alongside the course. The parts of this exam a video cannot practise with you.

£449.00

Buy guided

Prefer to learn in person? 🏛️

This course is also taught face-to-face at Sterling College London. Already studying online? You can switch, or combine online lessons with classroom teaching — our admissions team will help you find the right fit.

Syllabus

Lessons are presented by Emma, our AI teacher. The curriculum is written by Sterling College London tutors.

explainer 15 lessons show the idea animatedpractice 13 walk you through a worked examplequiz 56 end in a quiz

Module 1: Exam preparation with Sterling

  • How the FA exam worksquiz🔒
  • The two sections, and where the marks arequiz🔒
  • The question types you will meetquiz🔒
  • The five things people get wrongquiz🔒
  • Your four-week planquiz🔒
  • Booking and test day at Sterlingquiz🔒

Module 2: A. The context and purpose of financial reporting

  • What financial statements are forquiz🔒
  • Who needs them, and whyquiz🔒
  • The elements of financial statementsquiz🔒
  • The regulatory frameworkquiz🔒
  • Governance and responsibilityquiz🔒

Module 3: B. Accounting principles and qualitative characteristics

  • Accounting principles and conceptsquiz🔒
  • What makes information usefulquiz🔒
  • The enhancing characteristicsquiz🔒

Module 4: C. Double-entry bookkeeping and accounting systems

  • The accounting equationexplainerpracticequiz🔒
  • Debits and creditsexplainerquiz🔒
  • Books of prime entryquiz🔒

Module 5: D. Recording transactions and events

  • Sales, purchases and sales taxquiz🔒
  • Cash and the cash bookquiz🔒
  • Inventory: cost and net realisable valuequiz🔒
  • Valuing inventory: FIFO and AVCOexplainerpracticequiz🔒
  • Tangible non-current assetsquiz🔒
  • Depreciationexplainerpracticequiz🔒
  • Disposalsexplainerpracticequiz🔒
  • Revaluationquiz🔒
  • Intangibles and amortisationquiz🔒
  • Accruals and prepaymentsexplainerpracticequiz🔒
  • Irrecoverable debts and allowancesexplainerpracticequiz🔒
  • Provisions and contingenciesquiz🔒
  • Capital structure and finance costsquiz🔒

Module 6: E. Reconciliations

  • Control accountsexplainerpracticequiz🔒
  • Bank reconciliationsexplainerpracticequiz🔒
  • Supplier statement reconciliationsquiz🔒

Module 7: F. Preparing a trial balance

  • The trial balancequiz🔒
  • Correction of errorsexplainerquiz🔒
  • Suspense accountsexplainerpracticequiz🔒

Module 8: G. Preparing financial statements

  • The statement of financial positionquiz🔒
  • The statement of profit or loss under IFRS 18explainerquiz🔒
  • Disclosure notesquiz🔒
  • Events after the reporting periodquiz🔒
  • The statement of cash flows: operatingexplainerpracticequiz🔒
  • The statement of cash flows: investing and financingquiz🔒
  • Incomplete recordspracticequiz🔒

Module 9: H. Consolidated financial statements

  • Consolidation: control and the groupexplainerquiz🔒
  • Goodwill and the non-controlling interestexplainerpracticequiz🔒
  • The consolidated statement of financial positionquiz🔒
  • Associatesquiz🔒

Module 10: I. Interpretation of financial statements

  • Why analyse financial statementsquiz🔒
  • The ratiospracticequiz🔒
  • Interpreting the ratiosquiz🔒

Module 11: Mock exams

  • Mock exam 1 — Financial Accounting (FA / FFA)quiz🔒
  • Mock exam 2 — Financial Accounting (FA / FFA)quiz🔒
  • Mock exam 3 — Financial Accounting (FA / FFA)quiz🔒
  • Mock exam 4 — Financial Accounting (FA / FFA)quiz🔒
  • Mock exam 5 — Financial Accounting (FA / FFA)quiz🔒

Module 12: Question bank

  • Question bank — Financial Accounting (FA / FFA)quiz🔒