FA Textbook Syllabus
Chapter 1
Syllabus A. The Context And Purpose Of Financial Reporting
A1. The Scope and Purpose of, Financial Statements
- A1a. Recording, analysing and summarising financial data
- A1b. Types of business entities
- A1c. The legal differences
- A1d. Advantages and disadvantages of operating
- A1e. Nature, principles and scope of financial reporting
A2. Users’ and Stakeholders’ Needs
A3. The Main Elements of Financial Reports
All subject exam questionsA4. The Regulatory Framework
A5. Duties and Responsibilities of Those Charged with Governance
Chapter 2
Syllabus B. The Qualitative Characteristics Of Fin. Information
B1. The Qualitative Characteristics of Financial Information
All subject exam questionsChapter 3
Syllabus C. The Use Of Double-entry And Accounting Systems
C1. Double-entry Book-keeping Principles
- C1a. Business transactions
- C1bf. Contents and purpose of business documentation
- C1c. Double entry accounting
- C1d. Accounting equation
C2. Ledger Accounts, Books of Prime Entry and Journals
All subject exam questionsChapter 4
Syllabus D. Recording Transactions And Events
D1. Sales and Purchases
- D1c. General principles of a sales tax
- D1d. Calculate sales tax
- D1ef. Account for discounts allowed/received
D3. Inventory
- D3a. Adjustments for inventory
- D3b. Opening and closing inventory
- D3c. Alternative methods of valuing
- D3d. IASB requirements
- D3e. Costs included in valuing inventories
- D3f. Continuous and period end inventory records
- D3g. FIFO and AVCO
- D3h. The impact of accounting concepts
- D3i. Inventory valuation methods
- D3. Disclosure notes
D4. Tangible non-current assets.
- D4a. Definition.
- D4b. Current and non-current assets
- D4c. Capital and revenue items
- D4d. Classify expenditure
- D4e. Acquisition and disposal of non-current assets
- D4f. Profits or losses on disposal
- D4gh. Revaluation of a non-current asset
- D4i. Non-current asset balances and movements
- D4j. Asset register
D5. Depreciation
- D5a. Purpose of depreciation
- D5b. Straight line and reducing balance methods
- D5c. Different methods of appropriate depreciation
- D5d. Recording Depreciation
- D5f. Change in useful life.
D6. Intangible non-current assets and amortisation
- D6a. Difference between tangible and intangible
- D6b. Types of intangible assets
- D6c. Research costs and development costs
- D6d. Amounts to be capitalised
- D6e. Purpose of amortisation
- D6f. Charge for amortisation
- D6. Disclosure notes
D7. Accruals and prepayments
- D7a. Matching concept
- D7b. Adjustments needed
- D7c. Reversal of Acrruals and Prepayments
- D7d. Accrued and deferred Income.
- D7e. Impact on profit and net assets
D8. Receivables and payables
D9. Provisions and contingencies.
All subject exam questionsD10. Capital structure and finance costs
- Introduction
- D10a. Capital structure - limited liability company
- D10ai. Ordinary shares.
- D10aii. Preference Shares.
- D10aiii. Loan notes.
- D10b. Share capital and share premium
- D10c. Other reserves
- D10d. Bonus (capitalisation) issue
- D10f. Effects of a bonus issue in SFP
- D10e. Rights issue.
- D10g. Effects of a rights issue in SFP
- D10h. Record dividends
- D10i. Finance costs
- D10j. Statement of changes in equity
Chapter 5
Syllabus E. Preparing A Trial Balance
E1. Trial Balance
E2. Correction of Errors
- E2a. Types of error
- E2b. Errors highlighted by trial balance
- E2c. Journal entries to correct errors
- E2d. Impact of errors
E3. Control Accounts and Reconciliations
- E3a. Purpose of control accounts
- E3b. Control accounts and double-entry system
- E3c. Control accounts from given information
- E3d. Control account reconciliation
- E3f. Correct errors
E4. Bank Reconciliations
- E4a. Purpose of bank reconciliations
- E4b. Differences between cash book and bank statement
- E4c. Correct cash book errors and/or omissions
- E4def. Bank reconciliation statement
Chapter 6
Syllabus F. Preparing Basic Financial Statements
F1. Statements of financial position
- F1abc. Statement of financial position.
- F1e. Extracts of a statement of financial position
- IAS 1 (revised) Presentation of FS
- Statements of financial position
F2. Statements of profit or loss and other comprehensive income
- F2a. Statement of profit or loss
- Statement of changes in equity
- F2b. Revenue Recognition - IFRS 15 - 5 steps
- F2b. Revenue Recognition - IFRS 15 - introduction7:20
- F2b. Revenues - Presentation in financial statements
- Statement of profit or loss and other comprehensive income
- Under and overprovision of tax
F3. Disclosure notes
- F3a. Purpose of disclosure notes
- Non current assets including tangible and in tangible assets
- Provision
- Events after the reporting periods
- Inventories
F4. Events after the reporting period
All subject exam questionsF5. Statements of cash flows (excluding partnerships)
- F5a. Differences between profit and cash flow
- F5c. Benefits and drawbacks
- F5d. The effect of transactions on cash flows
- F5e. Calculate the figures needed
- F5f. Direct Method
F6. Incomplete records
All subject exam questionsChapter 7
Syllabus G. Preparing Simple Consolidated Financial Statements
G1. Subsidiaries
- G1a. Terms
- G1b. Group structure
- G1c. Preparing a consolidated SFP.
- G1d. Goodwill
- Non-controlling interest (NCI)
- Pre- and Post-Acquisition Profits
- Fair Value of Assets and Liabilities
- Share for share exchanges.
- Intra Group Balances
- Unrealised Profit.
- Consolidated statement of comprehensive income.
Chapter 8