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March 2026 ACCA Exams Results

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Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures

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  5. Hi there, thanks for all you’re doing! There seems to be information missing (large gaps on the page where you’d expect there to be an explanation) on the FA lecture notes… or is it just me?

    • Any gaps are for you to fill in yourself while listening to the lectures – the notes are lecture notes. Most gaps are for filling in answers to examples – all the examples are worked through in the lectures (and, of course, you can find printed answer in the notes by looking at the contents page)

      The notes are only to be used while watching the lectures because it is in the lectures that I explain and expand on the notes. If you are not watching the lectures for any reason then you need to buy a Study Text from one of the ACCA approved publishers and study from there.

  11. Hello sir, could u explain historical cost accounting, and there is this question that in times of rising prices, historical cost tends to understate asset value and overstate profits? could u please explain this.

    • I have found this in the Open Tuition site. Answered by Tutor Mr John Moffat. Please see the answer to your question below;

      “The historical cost concept means that we value non-current assets at original cost less depreciation (based on the original cost).
      If there is inflation, then the current cost of the assets would be higher (so using historical cost means they are under-valued) and depreciation would be higher if it were based on the current cost (so calculating it on original cost means that the depreciation expense is lower and so profit higher).”

      • Bennett: Thank you for that 馃檪

        nawal2000: I do explain this in later lectures – you cannot expect everything to be explained in an introductory lecture! 馃檪
        The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
        (Also, please ask this sort of question in the Ask the Tutor Forum, and not as a comment on an unrelated lecture.)

  13. Thank you so much for your efforts! I have a question though, I have noticed that F1 is more related to business and F3 is to accounting. Would it be sensible to study both F1 and F3 at the same time then proceed to study F2? Or does it have to be one by one in order? Thank you so much!

  16. Hi Sir, thank you so much for your lectures. I am new and i don鈥檛 know very much about this exam do i need buy the study text book from BPP, besides revision and practice kit or your free notes book is enough to prepare for the exam?

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