What you will learn in FFA
The aim of CAT - ACCA Financial accounting FFA is to introduce the candidate to the fundamentals of the regulatory framework relating to accounts preparation and to the qualitative characteristics of useful information.
The ACCA FFA Syllabus 2021 includes:
A) Explain the context and purpose of financial reporting
B) Define the qualitative characteristics of financial information
C) Demonstrate the use of double-entry and accounting systems
D) Record transactions and events
E) Prepare a trial balance (including identifying and correcting errors)
F) Prepare basic financial statements for incorporated and unincorporated entities.
G) Prepare simple consolidated financial statements
H) Interpretation of financial statements