Free ACCA Financial Accounting (FA/FFA) Complete Course

This comprehensive free course covers the entire ACCA Financial Accounting (FA/FFA) syllabus from the fundamentals of financial reporting through to the interpretation of financial statements. You will build a solid foundation in double-entry bookkeeping, learn to record complex transactions including non-current assets, provisions, and capital structure, and progress to preparing full financial statements including consolidated accounts. Each lesson follows a proven learn-practice-apply cycle with real-world corporate scenarios, examiner tips, and targeted MCQs that mirror the style and difficulty of the actual ACCA exam.

35 lessons19+ hours1 sectionsAll levels

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What you'll learn

Understand the context, purpose, and regulatory framework of financial reporting

Apply fundamental accounting principles, concepts, and qualitative characteristics

Record transactions using double-entry bookkeeping in a general ledger system

Account for inventories, non-current assets, depreciation, and amortisation

Prepare bank reconciliations and payables reconciliations

Extract a trial balance and correct errors using suspense accounts

Prepare a complete set of financial statements in accordance with IFRS Accounting Standards

Prepare basic consolidated financial statements for groups with subsidiaries and associates

Calculate and interpret key financial ratios for profitability, liquidity, efficiency, and position

Apply exam techniques to scenario-based questions under time pressure

This course includes

35 lessons across 9 comprehensive sections

Over 200 inline scenario-based practice questions

Detailed worked examples with step-by-step walkthroughs

Examiner tips and common mistake callouts throughout every lesson

AI-powered study assistant available in every lesson for personalised help

Full coverage of the current ACCA FA/FFA syllabus with IFRS Accounting Standards alignment

Course syllabus

35 lessons across 1 sections

Free ACCA Financial Accounting (FA/FFA) Complete Course

35 lessons · ACCA FA Syllabus

The Context and Purpose of Financial Statements for External Reporting45 min Stakeholders' Needs25 min The Main Elements of Financial Statements35 min The Regulatory Framework30 min Duties and Responsibilities of Those Charged with Governance20 min Key Principles and Concepts of Accounting50 min Qualitative Characteristics of Useful Financial Information25 min Double-Entry Bookkeeping Principles Including the Maintenance of Accounting Records45 min General Ledger Accounts and Journal Entries40 min Sales and Purchases40 min Cash15 min Inventories45 min Tangible Non-Current Assets50 min Depreciation40 min Intangible Non-Current Assets and Amortisation30 min Accruals, Prepayments, Accrued Income, and Deferred Income35 min Receivables and Payables40 min Provisions and Contingencies30 min Capital Structure and Finance Costs40 min Bank Reconciliations35 min Payables Account Reconciliations25 min Trial Balance25 min Correction of Errors30 min Suspense Accounts25 min Statement of Financial Position35 min Statement of Profit or Loss and Other Comprehensive Income35 min Disclosure Notes20 min Events After the Reporting Period20 min Statement of Cash Flows45 min Incomplete Records30 min Subsidiaries50 min Associates25 min Importance and Purpose of Analysis of Financial Statements15 min Ratios40 min Analysis of Financial Statements30 min

Put your knowledge to the test

Practice exam

ACCA FA — Financial Accounting Practice Exam 1

A complete mock exam replication for ACCA Financial Accounting (FA). This exam mirrors live computer-based testing parameters, featuring 35 Objective Test Questions (Section A) and 2 Multi-Task Questions broken down into 30 independent sub-questions (Section B). Covers double-entry accounting, ledger adjustments, group consolidations, and financial statement production.

65 questions 120 min 50% to pass mixed

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Who this course is for

Students sitting the ACCA FA or FFA exam for the first time
Accounting students who need a structured, syllabus-aligned revision resource
Professionals transitioning into finance who need a recognised accounting qualification
Foundation-level learners with no prior accounting knowledge seeking a step-by-step approach
Resitting candidates who want to strengthen weak areas with targeted practice questions