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ACCA F3 notes

VIVA

 Download free ACCA F3 notes

Financial Accounting (FA) / FFA Notes (September 2024-August 2025 exams)
Financial Accounting (FA) / FFA Notes (September 2024-August 2025 exams)
Click here to download

Note:

These course notes are not meant to replace study texts. To succeed in your exam it is vital to practice as much as possible and so you should buy a current edition of a Revision kit from an ACCA approved publisher – they contain lots of exam standard questions (and answers) to practice on.

Copyright: Selling or profiting in any way from these notes without our permission is prohibited. If you would like to use our course notes in your college, please check our OpenLicense for details.


To fully benefit from these ACCA F3 notes, you must watch F3 lectures


Browse on line ACCA F3 notes:

Reader Interactions

Comments

  1. Lalag523 says

    November 15, 2020 at 4:16 pm

    Hi can I cite these notes? Who is the author?

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  2. brian says

    August 18, 2014 at 5:28 pm

    Hello opentuition. How are you guys. could some please help me on this. if a parterner in a paternership assumes responsibility motor vehicle expenses and half of depreciation. how is it treated in final acccounts.

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  3. seheer says

    August 14, 2014 at 8:49 pm

    hello,
    small doubt, i have BPP book for F3. Why chapters on BPP not match with your course note ?
    Which is the best to follow ?

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    • John Moffat says

      August 14, 2014 at 9:58 pm

      Our Course Notes are not meant to be a Study Text – they are the notes that we use the free lectures.
      We cover in the notes and lectures everything in the syllabus that is important for passing the exam well.
      The Study Text will have more detail (because it cannot obviously have lectures to explain as we do) but the order of the chapters or what they title them is irrelevant.

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  4. Salazar Slytherin says

    March 24, 2014 at 4:27 pm

    Could opentuition or someone please… put the format of a bank reconciliation statement… its urgent…!!!

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    • Vicario says

      March 24, 2014 at 4:50 pm

      Format One
      Balance as per Cash Book

      Add unpresented cheques
      Less Outstanding Lodgement

      Balance as per Bank Statement

      Format 2
      Balance as per Bank Statement

      Less unpresented Cheques
      Add Outstanding Lodgements

      Balance as per Cash Book

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      • John Moffat says

        March 24, 2014 at 5:00 pm

        The bank reconciliation always starts with the balance per the bank statement and ends with the balance on the cash account (i.e. format 2 of Vicario’s reply).

        There are not two formats.
        (For calculating figures you can do workings any way you want, but the format of a proper bank reconciliation must always be format 2 above)

        Why don’t you watch my lecture on bank reconciliations and then you will see the format properly, ‘Salazar’? 🙂

      • Salazar Slytherin says

        March 24, 2014 at 6:44 pm

        Yes sir… !!!

    • Salazar Slytherin says

      March 24, 2014 at 6:43 pm

      Thank you vicario… the format really helped…!!!

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      • Vicario says

        March 24, 2014 at 7:42 pm

        You are welcome Salazar….I would advice you to watch Mr. Moffat lecture videos…it will help you alot.

  5. saeed sultan says

    March 22, 2014 at 9:59 pm

    Hello there, I have some issues regarding paper F3.I have been looking at cbe demos and found that there are some questions mainly about consolidation group statements,dep and company A/c where no multiple choices are given; only spaces are being provided to answer. Now my question is how to answer them with accuracy since in mcqs the candidate gets a hint and makes the candidate easy to answer .

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    • John Moffat says

      March 23, 2014 at 6:11 am

      The exam is no longer all MCQ’s – there will be questions where you are required to type in the answer. The exam will be the same format as the specimen paper. It does mean that you cannot just guess those questions.

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      • saeed sultan says

        March 23, 2014 at 10:59 am

        Okay,fine,but I have another query as well,I have seen structured question disputed in three tasks in section B of paper F3 somewhere here at opentuition which i found them a bit longer and could be difficult to answer in short of time during attempting the paper. Is this a change of format? or a part of a format? I haven’t seen such questions in pilot papers neither in practice questions of exam kit. I am completely unaware of this new situation;your assistance would be really appreciated.

      • John Moffat says

        March 23, 2014 at 3:07 pm

        But you said that you had looked at the specimen paper.

        The specimen paper on the ACCA website shows the new format. You should have heard about it from the Student Accountant emails that the ACCA send you. If you have the latest edition of the Exam Kit then the mock exams will be in the new format.

        You can read details on the following page on our website:
        https://opentuition.com/acca/f3/paper-f3-new-examination-structure/

    • saeed sultan says

      March 24, 2014 at 7:41 pm

      Thank you ,Sir . For providing me with the latest format.

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  6. Vicario says

    February 21, 2014 at 4:49 pm

    Mr. Moffat may God continue to bless you thank you so much for your lecture notes and videos it was very helpful you are the best….I haven now successfully completed F3 with 70% pass

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    • John Moffat says

      February 21, 2014 at 4:56 pm

      Congratulations on such a good mark 🙂

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      • Vicario says

        February 21, 2014 at 5:20 pm

        I hope you have lecturer videos and note for FMA because I really understand the way you lecture

      • John Moffat says

        February 21, 2014 at 5:23 pm

        Yes – it is the same paper as F2 🙂

      • Vicario says

        February 21, 2014 at 5:27 pm

        Keep up the good job Mr. Moffat….you are a great lecturer

  7. tashvin chowtee says

    January 21, 2014 at 12:03 pm

    hello there, am an FIA student and am a bit confused.. Are the nOtes of F3 and FFA the same??

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    • John Moffat says

      January 21, 2014 at 2:14 pm

      Yes – it is the same exam 🙂

      Log in to Reply
      • tashvin chowtee says

        January 21, 2014 at 6:21 pm

        thnks 🙂

  8. siewek23 says

    January 18, 2014 at 9:17 am

    Passed all 3 CBE’s with 86%, 78% and 82% just by studying with Open Tuition – thank you Mr Moffat, saved me lots of money 🙂
    The topics in my set of F3 questions were mostly on share capital, goodwill, inventory and depreciation.
    Good luck everyone!

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  9. klemt60 says

    December 15, 2012 at 5:55 am

    please those who sat for the computer based and the just ended exam, which topics covered most of the questions???

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  10. bilalkhan says

    December 13, 2012 at 10:54 am

    I would be grateful to u if u can arrange latest FFA i-pass for me. Thank u!

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    • admin says

      December 13, 2012 at 11:56 am

      Contact BPP about ipass

      Log in to Reply
  11. vincdar says

    December 11, 2012 at 12:33 pm

    I passed my F2 yesterday with the help of Open Tuition. Open Tuition is the best learning media. Thanks for it.

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    • John Moffat says

      December 11, 2012 at 5:20 pm

      @vincdar, Thats great – congratulations 🙂

      Log in to Reply
  12. smartkhan111 says

    December 2, 2012 at 11:14 pm

    Admin can u pls guide me after using open tuition study notes for F3 do i need to study other books also like KAPLAN OR BPP

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    • admin says

      December 2, 2012 at 11:32 pm

      only you know how well you know the subject.. get the revision kit and do past exam questions. or try OpenTuition F3 revision Test.. then you will see.. 🙂

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  13. pbetrex says

    November 27, 2012 at 3:02 am

    am enjoying the material available online, heard about it from a work colleague ,am hoping that this would help in my success in the up coming FFA paper

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  14. eyna says

    November 20, 2012 at 3:38 am

    Hi All,

    Does anyone can explain to me answer for test Chapter 12,
    Q1.
    Why the sales tax 17.5% multiply with 95 %? Does it after deducting trade discount 10% and plus with remittance discount 5%,
    100% – 10% + 5% = 95%

    Thanks for your kind help.

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  15. chandhini says

    November 15, 2012 at 9:51 am

    Can I get any MCQ bank from this site? That would really help!

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    • John Moffat says

      November 15, 2012 at 2:38 pm

      @chandhini, Not at present – sorry. It means buying one of the revision/exam kits from one of the approved publishers.

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  16. anielle14 says

    October 30, 2012 at 5:16 pm

    Thxxxx so much to open tuition for the lecture notes and videos..successfully pass my f3 paper 🙂 !!!!!*

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    • admin says

      October 30, 2012 at 6:04 pm

      Congrats 😉

      Log in to Reply
  17. saleem4314 says

    October 24, 2012 at 10:08 am

    I wish that Open tuition is authorised someday to conduct online exmination exactly Prometric center and ACCA center is conducting. First let us practice on your Mock Test and then examin us and provide us ACCA cerification to promote online education and charge your reasonable fee also.

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  18. slyworld says

    October 11, 2012 at 5:20 am

    admin please i need f3 course note chapter by chapter

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    • admin says

      October 11, 2012 at 6:29 am

      download them

      Log in to Reply
  19. khalid0093 says

    October 10, 2012 at 7:31 am

    I like this lecture

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  20. himani says

    September 25, 2012 at 10:46 am

    y are there blank spaces in the notes?????????

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    • John Moffat says

      September 25, 2012 at 8:12 pm

      @himani, It is space for you to write down the answers!!!!!
      Better than just watching is to try them yourself and then check with the lecture (or with the answers at the back of the notes.

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      • janelch says

        October 23, 2012 at 12:06 pm

        @johnmoffat, What do you mean by answers at the back of the notes.. ? I can’t find the answers for blank spaces.. Thanks !

      • admin says

        October 23, 2012 at 12:51 pm

        @janelch, if you watch the lectures, most of blank spaces (which are not examples) are explained.

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