FA2 Maintaining Financial Records

FA2 Maintaining Financial Records is part of ACCA FIA Foundation in Accountancy

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FIA FA2 Notes September 2022 to August 2023

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Essential FA2 Exam Links

FA2 Syllabus and Study Guide – September 2019 to August 2020 (for CBE from 23 September 2019)

Examinable documents

FA2 CBE Specimen Exam

FA2 Past papers (Not published by ACCA – Purchase BPP Books with 20% discount)

Examiner’s Reports

Technical Articles

CBE FAQ

APPROACH TO EXAMINING THE FA2 SYLLABUS

The syllabus is assessed by a two hour paper-based or computer-based examination. Questions will assess all parts of the syllabus and will include both computational and non-computational elements.

The examination will consist of 50 two mark questions.

The Aim of FIA FA2 exam is to develop knowledge and understanding of the underlying principles and concepts relating to Maintaining Financial Records and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements

When you complete FA2 paper you should be able to explain and understand the following:

• Explain generally accepted accounting principles and concepts
• Outline the principles and process of basic bookkeeping
• Preparing journals and ledger accounts
• Record transactions and events
• Prepare a trial balance (including identifying and correcting errors)
• Reconcile the control accounts and cashbook
• Extending the trial balance, year end adjustments and final accounts
• Account for partnerships.

EXAM TECHNIQUE

How to answer multiple-choice questions

Computer-based exams

Five steps to multiple-choice success

FA2 Support forums