2. EXAMINER’S APPROACH: F 3, F FA Financial Accounting

3. WHERE THE PAPER FITS?

4. Diploma in Accounting and Business (3 papers below + FiP) (ACCA Fundamentals Knowledge module – 3 exam papers only ) F1 Accountant in Business (FAB) F2 Management Accounting (FMA) F3 Financial Accounting (FFA) Advanced Diploma in Accounting and Business (6 papers + Professional ethics module) (ACCA Fundamentals Skills Module – 6 exam papers only)

5. LINKS TO OTHER PARTS OF THE QUALIFICATION?

6. P2P2 F7F7 PER

7. OVERALL CONCEPT?

8. Principles and concepts Technical proficiency

9. BROAD THEMES?

10. Double entry bookkeeping Context and purpose of financial reporting Preparing basic financial statements Recording transactions Basic consolidations and interpretation

11. F 3 CONTENT

12. Section B Section A Section C

13. Section H Section D Sections E and F Section G

14. EXAM STRUCTURE?

15. 2 hours

16. 50 two mark All compulsory

17. Guessing? On demand? Time allocation? Choice?

18. EXAM TIPS

19. Key strategy Key areas

20. Tip 2 - Breadth! Tip 1 - Background! Tip 3 - Practice!

21. EXAM PITFALLS

22. Pitfall 2 - Rushing! Pitfall 1 - Unprepared! Pitfall 3 - Unanswered questions!

23. Examiners’ reports Common problems

24. TO CONCLUDE

25. Apply! Read! Move on!