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F3 15 marks question on current Syllabus

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › F3 15 marks question on current Syllabus

  • This topic has 5 replies, 3 voices, and was last updated 3 years ago by John Moffat.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • June 12, 2022 at 4:38 am #658526
    jermy01
    Participant
    • Topics: 51
    • Replies: 31
    • ☆☆

    Sir, which chapter are for 15 marks for this session (June)

    I heard these chapters are for 15 marks question from my teacher.
    can you please insure us?

    The trial balance, errors, and suspense accounts

    Preparing basic financial statements,

    Statement of cash flows,

    Interpretation of financial statements

    Consolidated financial statement (SOPL & SOFP)

    June 12, 2022 at 10:56 am #658537
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    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.”

    June 12, 2022 at 2:41 pm #658550
    jermy01
    Participant
    • Topics: 51
    • Replies: 31
    • ☆☆

    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?

    June 12, 2022 at 4:40 pm #658560
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    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!)

    June 26, 2022 at 5:12 am #659313
    ridhuna
    Member
    • Topics: 0
    • Replies: 1
    • ☆

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

    June 26, 2022 at 10:10 am #659323
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    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.

  • Author
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