ACCA FA Examiner’s Report — Common Financial Accounting Mistakes

Описание: In this video, we unpack the official Financial Accounting (FA) Examiner’s Report from the September 2024 – August 2025 exam sitting by ACCA. If you’re studying Financial Accounting or want to strengthen your accounting fundamentals, this is your shortcut to understanding what works and what doesn’t, straight from the examiner.

🎯 What You’ll Learn:

From Section A — objective test areas that many students found challenging:
• Correctly adjusting bank ledger balances and identifying recording errors
• Understanding the relationship between ROCE, asset turnover, and profit margin
• Applying IAS 10, Events after the Reporting Period (disclosures and classifications)
• Calculating goodwill on acquisition, including fair value adjustments and non-controlling interests
• Applying core accounting principles like accruals and financial statement purposes
• Performing bank reconciliations, identifying ledger adjustments vs reconciliation items

From Section B — deeper financial statement preparation and application:
• Proper presentation and structure of single entity financial statements
• Identifying correct ledger placement and handling year-end adjustments
• Preparing statements of cash flows using the indirect method
• Understanding working capital movements and their cash flow impact
• Calculating dividends, tax payments, and asset disposals correctly
• Consolidated financial statements — goodwill, elimination entries, and group retained earnings
• Eliminating intragroup transactions and unrealised profits
• Time-apportioning subsidiary results and calculating non-controlling interest

💡 Key Takeaways:
• Strong fundamentals in double entry and adjustments are essential
• Understand concepts, don’t just memorise formats
• Carefully distinguish ledger corrections from reconciliation differences
• Financial statements must follow correct structure and reporting dates
• Practise consolidation logic, elimination and group adjustments are critical
• Read questions precisely, small interpretation errors cost marks
• Practise exam-style questions regularly to build speed and accuracy

Why Learn with Learnsignal?

Learnsignal is an ACCA Approved Learning Partner supporting thousands of students with concise, expert-led lessons, exam-style practice questions, and full strategic exam preparation. Our focus? Not just passing, understanding.

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