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In terms of tutoring, I am not a tutor. I am happy to help you out with any questions you have on this site.
Another thread giving similar information-
https://opentuition.com/topic/tx-uk-can-i-use-current-lectures-for-june-2025-exam/
Please see the following thread-
Feedback of some sort seems to be provided for some of the applied skills exams (see below)-
I am not sure if anything like this is provided for applied knowledge exams.
This is what the Opentuition AI wrote-
“The main differences between the Advanced Audit and Assurance (AAA) UK and International versions primarily lie in the regulatory frameworks and specific syllabus content.
Regulatory Framework: The UK variant is influenced by UK Financial Reporting Standards (FRS), while the International variant is based on International Financial Reporting Standards (IFRS). The UK has not fully adopted IFRS, leading to some differences in accounting issues addressed in the exams.
Syllabus Content: The UK version includes specific topics such as “Auditing aspects of insolvency,” which are not covered in the International version. Conversely, the International version includes topics related to public sector auditing that are not present in the UK syllabus.
Examinable Documents: The UK variant has more documents from the Financial Reporting Council (FRC) compared to the International variant.
Examination Structure: There are differences in how marks are allocated in the exams. For the UK stream, the sub-allocation of marks for each part of a question is not shown, whereas it is provided in the International exams.
Practicing Certificate Requirement: If you aim to obtain a practicing certificate to operate as a registered auditor in the UK, you must pass the UK variant of the AAA exam.
Overall, while the core principles of auditing remain similar, these differences can significantly impact your preparation and examination strategy”.
I think the only major change in the syllabus is IFRS 18 will become examinable.
A lot is about identifying one part of the double entry and then thinking what corresponding entry must be given first double entry. An Asset increase or decrease is often the starting point. If not either an expense or revenue is the starting point.
Pays £10 from tin into bank account. This is to represent ten £1 shares as part of incorporation-
Debit £10 Bank (Asset increase)
Credit £10 Cash (Asset decrease)
Also further double entry-
Debit Capital (Equity decrease)
Credit Share Capital (Equity increase)
He takes out £20 for his own personal use-
Debit £20 Drawings (Equity decrease)
Credit £20 Bank (Asset decrease)
Receives £100 from local business that he agreed he would let pay at end of the month-
Debit £100 bank (Asset increase)
Credit £100 receivables (Asset decrease)
Decides to incorporate his business. Pays £50 to companies house as incorporation fee-
Debit £50 (Expense)
Credit £50 Bank (Asset decrease)
Decides to inject more of his money into the business via business bank account(£500)-
Debit £500 bank (asset increase)
Credit £500 Capital (Equity increase)
Buys £100 of gardening tools with business debit card
Debit £100 gardening tools (asset increase)
Credit £100 bank (asset decrease)
Does gardening for customer. Customer pays £50 by bank transfer-
Debit £50 bank (asset increase)
Credit Revenue (Equity increase)
To be continued
He buys advertisement in the local newspaper for £20
Debit £20 advertisement (expense)
Credit £20 cash (asset decrease)
He opens a business bank account with £10. Money from tin.
Debit £10 bank (asset increase
Credit £10 cash( asset decrease)
Does gardening work for a local business and agrees they can pay him at end of month. Agreed price £100
Debit £100 Receivables (asset increase)
Credit £100 Revenue (equity increase)
To be continued
The double entry system ensures the accounting equation balances.
Let’s say a man called Brian decides to start a gardening business. This will need accounting records for this entity that are separate from Brian’s personal accounts. The entity is distinct.
Let’s say he starts by putting his own money into a tin that will be used for expenses connected with this gardening business.
He starts by putting £100 into this tin.
The following double entry will be needed
Debit £100 cash Credit £100 Capital (Capital introduction)
He buys a £40 push lawnmower. The following double entry will be needed-
Credit £40 Equipment (Asset increase) Debit £40 Cash (asset decrease)
He cuts someone’s lawn for £25. The following double entry will be needed-
Debit: Cash £25 (Asset increases)
Credit: Revenue £25 (Equity increases as a result of this income)
To be continued.
The double entry system ensures the accounting equation balances.
Let’s say a man called Brian decides to start a gardening business. This will need accounting records for this entity that are separate from Brian’s personal accounts. The entity is distinct.
Let’s say he starts by putting his own money into a tin that will be used for expenses connected with this gardening business.
He starts by putting £100 into this tin.
The following double entry will be needed
Debit £100 cash Credit £100 Capital (Capital introduction)
He buys a £40 push lawnmower. The following double entry will be needed-
Debit £40 Equipment (Asset increase) Credit £40 Cash (asset decrease)
He cuts someone’s lawn for £25. The following double entry will be needed-
Debit: Cash £25 (Asset increases)
Credit: Revenue £25 (Equity increases as a result of this income)
To be continued.
Everything ties back to the accounting equation- Assets = Liabilities + Equity
Assets (what an entity owns)
Liabilities (what an entity owes)
Equity (owner’s interest)
Income (revenue)
Expenses (costs)
Assets increase (debit entry) asset decrease (credit entry)
Liability increase (credit entry) Liability decrease (debit entry)
Equity increase (credit entry) Equity decrease (debit entry)
Income/ revenue (credit)
Expenses/costs (debit)
To be continued.
I would recommend you attempt F1 first. With F3, if you get a good grip of double entry it should form a solid foundation for the rest of your financial accounting ACCA studies.
Firstly, I recommend you read the following article-
