F3 15 marks question on current Syllabus

Your teacher is correct. The syllabus states the following: "Section B will contain 2 fifteen-mark multi-task questions. These will test consolidations and accounts preparation. The consolidation question could include a small amount of interpretation and the accounts preparation question could be set in the context of a sole trader or a limited company."

Sir, can you explain, what is account preparation's chapters related to? What do you mean by the accounts' preparation question could be set in the context of a sole trader or a limited company?

If you are referring to chapters in our lecture notes, then there is no point in picking chapters separately - they are a complete free course and everything is relevant. For example, you cannot prepare accounting statements without an understanding of depreciation, of irrecoverable debts, of accruals and prepayments etc. etc..(Also there is no point in using our lecture notes without watching the free lectures that go with them. They are lectures notes, not a Study Text, and it in the lectures that I work through the examples and explain and expand on the notes). I was quoting what the examiner writes in the syllabus. The distinction between sole traders and limited companies is fundamental to Paper FA and is explained in the first chapter of our lecture notes and the lectures that go with the chapter (and the differences in the layout of the financial statements are covered in later chapters). (I am very surprised that the teacher you refer to has not explained this to you!)

Sir, can you explain, what are the current assets and non current assets with examples?

I do explain this in my free lectures. The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.