With effect from 26 February 2014, the structure of both the computer based examination and the paper based examination will change.
Instead of the current structure of 50 objective questions of two marks each, the exam will consist of two sections.
- Section A will contain 35 two mark objective questions.
- Section B will contain 2 fifteen mark multi-task questions. One will test consolidations and the other will test accounts preparation.
The consolidation question could include a small amount of interpretation and the accounts preparation question could be set in the context of a sole trader or a limited company.
The only changes to the syllabus are that the term ‘Income Statement’ has been changed to ‘Statement of Profit or Loss’, and the term ‘Statement of Comprehensive Income’ has been changed to ‘Statement of Profit or Loss and other comprehensive income’. Apart from this change in terminology there is therefore nothing new to learn.
It is however important that you make sure that you are familiar with the new examination structure.
The ACCA has prepared specimen exams in the new structure.
If you are taking the paper based examination, then you can find the ACCA F3 specimen examination here >>
If you are taking the computer based examination, then you can find the specimen examination below: