ACCA Applied Knowledge ACCA Diploma in Accounting and Business (RQF Level 4) - Financial Accounting (FA/FFA) - Study Text

Oct 17, 2026

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Study text for ACCA Applied Knowledge: ACCA Diploma in Accounting and Business (RQF Level 4), Financial Accounting (FA/FFA). Covers the full learning scope from financial reporting introduction and regulatory framework through double-entry bookkeeping, transaction recording, inventory, non-current assets, disposals and revaluations, intangible assets, accruals and prepayments, receivables, payables, provisions and contingent liabilities, capital structure and finance costs, reconciliations, trial balance errors and suspense accounts, basic financial statements, incomplete records, cash flows and interpretation. Also includes consolidated statement topics for group accounting.

LanguageEnglish

CategoryExam

FormatPDF

Pages9

Reading Time23 min

AccessFree to download

Chapter 1 Introduction to financial reporting

Chapter 2 The regulatory framework

Chapter 3 Double-entry bookkeeping

Chapter 4 Recording transactions and events

Chapter 5 Inventory

Chapter 6 Non-current assets: acquisition and depreciation

Chapter 7 Non-current assets: disposal and revaluation

Chapter 8 Intangible assets

Chapter 9 Accruals and prepayments

Chapter 10 Receivables

Chapter 11 Payables, provisions and contingent liabilities

Chapter 12 Capital structure and finance costs

Chapter 13 Reconciliations

Chapter 14 The trial balance, errors and suspense accounts

Chapter 15 Preparing basic financial statements

Chapter 16 Incomplete records

Chapter 17 Statement of cash flows

Chapter 18 Interpretation of financial statements

Chapter 19 Consolidated statement of financial position

Chapter 20 Consolidated statement of profit or loss

ACCA Applied Knowledge ACCA Diploma in Accounting and Business (RQF Level 4) Financial Accounting (FA/FFA) Study Text Contents Page Chapter 1 Introduction to financial reporting 1 Chapter 2 The regulatory framework 25 Chapter 3 Double-entry bookkeeping 39 Chapter 4 Recording transactions and events 69 Chapter 5 Inventory 97 Chapter 6 Non-current assets: acquisition and depreciation 125 Chapter 7 Non-current assets: disposal and revaluation 145 Chapter 8 Intangible assets 163 Chapter 9 Accruals and prepayments 175 Chapter 10 Receivables 191 Chapter 11 Payables, provisions and contingent liabilities 209 Chapter 12 Capital structure and finance costs 223 Chapter 13 Reconciliations 243 Chapter 14 The trial balance, errors and suspense accounts 261 Chapter 15 Preparing basic financial statements 281 Chapter 16 Incomplete records 315 Chapter 17 Statement of cash flows 335 Chapter 18 Interpretation of financial statements 369 Chapter 19 Consolidated statement of financial position 391 Chapter 20 Consolidated statement of profit or loss and 435 associates KAPLAN PUBLISHING P.5 How to use the Materials These Kaplan Publishing learning materials have been carefully designed to make your learning experience as easy as possible and to give you the best chances of success in your examinations. The product range contains a number of features to help you in the study process. They include: (1) Detailed study guide and syllabus objectives (2) Description of the examination (3) Study skills and revision guidance (4) Study text (5) Question practice The sections on the study guide, the syllabus objectives, the examination and study skills should all be read before you commence your studies. They are designed to familiarise you with the nature and content of the examination and give you tips on how to best approach your learning. The Study text comprises the main learning materials and gives guidance as to the importance of topics and where other related resources can be found. Each chapter includes 􀁸 The learning objectives contained in each chapter, which have been carefully mapped to the examining body's own syllabus learning objectives or outcomes. You should use these to check you have a clear understanding of all the topics on which you might be assessed in the examination. 􀁸 The chapter diagram provides a visual reference for the content in the chapter, giving an overview of the topics and how they link together. 􀁸 The content for each topic area commences with a brief explanation or definition to put the topic into context before covering the topic in detail. You should follow your studying of the content with a review of the illustration/s. The illustrations are worked examples which will help you to understand better how to apply the content for the topic. 􀁸 Test your understanding sections provide an opportunity to assess your understanding of the key topics by applying what you have learned to short questions. Answers can be found at the back of each chapter. 􀁸 Summary diagrams complete each chapter to show the important links between topics and the overall content of the syllabus. These diagrams should be used to check that you have covered and understood the core topics before moving on. 􀁸 Question practice is provided at the back of each text. P.8 KAPLAN PUBLISHING Quality and accuracy are of the utmost importance to us so if you spot an error in any of our products, please send an email [to mykaplanreporting@kaplan.com](to mykaplanreporting@kaplan.com)[ ](to mykaplanreporting@kaplan.com)[with full details](with full details), or follow the link to the feedback form in MyKaplan. Our Quality Coordinator will work with our technical team to verify the error and take action to ensure it is corrected in future editions. Icon Explanations Definition – Key definitions that you will need to learn from the core content. Key point

FAQs

What topics are covered in this Financial Accounting (FA/FFA) study text?

It covers financial reporting foundations, regulatory framework, double-entry bookkeeping, transaction recording, inventory, non-current and intangible assets, accruals, prepayments, receivables, payables, provisions and contingent liabilities, and related financial statement preparation and interpretation.

How is the study text structured to support learning and revision?

Each chapter includes learning objectives, chapter diagrams linking topics, topic-area explanations and detailed coverage, worked illustration examples, test-your-understanding questions with answers at the back of the chapter, and summary diagrams and question practice.

Which areas focus on group reporting in the later chapters?

The text includes consolidated statement topics: consolidated statement of financial position and consolidated statement of profit or loss.

Oct 17, 2026

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