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    • Sorry – we used to have tests at the end of each chapter of the lecture notes (and this is what the lecture is referring to – I must cut that out of the lecture).

      We have now removed them, and all the tests we have available are those in the list of online practice tests that are linked from the main Paper F3 page.

      (Do appreciate that the tests are only very short tests. You must buy a Revision Kit from one of the ACCA approved publishers to use when you have finished your studying. They have lots of exam standard questions for practice, and practice is vital for passing the exam.)

  5. Hi I’ve watched the videos but the book I am using doesnt sync up with what you’re saying. Could you tell me what material you are using? Or if its on the website what link is it because I’ve downloaded the lecture notes and they aren’t what I’m looking for.

    • As it says at the start of each video, the lectures work through our free lecture notes.

      The link to download them is immediately above the lecture on the right hand side, and says on it “Download F3 notes”.

  6. I am sorry but i am new to this site and i did not see any question on Page 4. As you said above to a comment that it has been removed from notes but where can i find these practice questions on F3 page. A link would be very appreciated. Thank you so much for the work your doing.

      • Hi I am also new and when I click on the link you send several different links appear and I’m not sure as to where to go. If you could help me out when you get a chance I’d really appreciate it, thanks.

      • It depends what it is you want – all the links are described if you scroll down the page!

        If you want the practice tests then you click on the link called ‘practice tests’ (although obviously there is no point in doing that unless you have downloaded the free lecture notes and watched the free lectures first).

        The ‘introduction’ video on the page explains how to use the material available.

  7. I’m very grateful to you Sir & Open Tuition.
    So far I’ve been successful in F1 & F3 using only your material.
    I recommend this site to all current & prospective ACCA students.
    Looking forward to greater accomplishments with opentuition.com!
    – Happy self-study student. 馃檪

  8. Thank you sir for your lectures. My question is, are you saying that among those three types of business entities, apart from accounting purposes are they not separate entity as by law?

    or is it just the limited liabilities company that are by law separate ?

    Many thanks.

  10. John M. are you a real human being? I am simply amazed at your level of efficiency, commitment and excellence. You are ever so kind to the users of this forum and respond quickly to so many messages/questions from us. You should be given a humanitarian award. You are selfless and excellence in itself. I can’t think of better words to connote you than “Summa Cum Laude!!” You are of the highest excellence and honor. Although the term is used academically, i have redefined its use.

    I just wish you had a slight idea about how you have pulled me up from the holes i dug and hid myself away from accounting. What nobody or textbook could do for me, you did digitally. You will never know…..

    • Sorry. It is because there used to be tests at the end of each chapter of the notes.
      These have now been removed and instead we have online practice tests for each chapter.
      You can find these linked from the main Paper F3 page.

  12. Hi . I have a little confusion concerning the answer of this question.
    How does a company account for a contingent asset that is not ?
    A By way of note
    B As an asset in the statement of financial position
    C It does nothing
    D Offset against any associated liability
    why contingent asset is probable As an asset in the statement of financial position, I mean the contingent asset is not an asset,so contingent asset only is allowed to be disclosed in the notes to the accounts

  13. sir plz tell i had a question on my paper they have the purchase price and a discounted price price of alloy wheel petrol insurance and need to print the name of company on car which items are included in the price?plz tell me

    • Why have you asked this as a comment on this lecture?
      This is dealt with in later lectures, and anyway please ask this sort of question in the Ask the Tutor Forum in future and not as a comment on a lecture.

      I assume that what you are actually asking is how much of the total price should be capitalised and appear on the Statement of financial position. If so it should be everything except for the petrol and the insurance (they appear as expenses in the Statement of profit or loss).

    • You must ask questions like this in the Ask the Tutor Forum and not as a comment on a lecture.

      An asset is something controlled by an entity. (Usually that will mean that they own it, but there can be situations where the control it without actually legally owning it).

  16. Sir

    Where is the answer to the question on page 4 of “Introduction to Accounting” posted. I have gone through the question and know the answer but would like to verify it.

    Thank you

  20. hello sir,hopefully you are doing good!i have started f3 and i have some questions please,i want to score 90+,should i use both bpp and kaplan text or use one of them?how many hours/chapters per day will help me to get my goal?should i practice questions from both the kits or one of approved is enough?as you stated that”practice under time pressure”now should i practice kits under time pressure or you are talking about mock exam?

    • You should watch all of our free lectures, in order, with the free lecture notes in front of you.

      When you have done that, then you should practice and practice from the Revision Kits. If you have both then use both – the more practice the better.
      The first time you attempt the questions then take as long as you need and spend time sorting out where you go wrong.
      Later, attempt the questions again, but this time under time pressure – it is when you are rushing that you are likely to make silly mistakes or forget things.

      You don’t really need to use the Study Texts if you are watching our lectures. Best is to use them more as a reference book on any areas that you do not feel happy about.

      Any problems, ask in the Ask the Tutor Forum and we will try our best to help.

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