FA2 Kaplan Book 2018 Maintaining Financial Records Study Text

Jul 17, 2026

190

Uploaded by Asher

Study text for Paper FA2 “Maintaining Financial Records” focused on building practical accounting record-keeping competence for FIA students. Covers generally accepted accounting principles and concepts, the regulatory framework, and the full bookkeeping process from prime entry through journals and ledger accounts. Develops skills to record transactions, extract and correct trial balances, prepare an extended trial balance, and produce basic financial statements, including sole trader and partnership accounting, with targeted study skills, exam-style practice, and revision guidance.

LanguageEnglish

CategoryExam

FormatPDF

Pages408

Reading Time17 h 8 min

AccessFree to download

INTERMEDIATE LEVEL Paper FA2 Maintaining Financial Records STUDY TEXT British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library. Published by: Kaplan Publishing UK Unit 2 The Business Centre Molly Millars Lane Wokingham RG41 2QZ ISBN: 978-1-78740-046-7 © Kaplan Financial Limited, 2017 Printed and bound in Great Britain The text in this material and any others made available by any Kaplan Group company does not amount to advice on a particular matter and should not be taken as such. No reliance should be placed on the content as the basis for any investment or other decision or in connection with any advice given to third parties. Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited and all other Kaplan group companies expressly disclaim all liability to any person in respect of any losses or other claims, whether direct, indirect, incidental, consequential or otherwise arising in relation to the use of such materials. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Kaplan Publishing. Acknowledgments This product contains material that is ©Financial Reporting Council Ltd (FRC) . Adapted and reproduced with the kind permission of the Financial Reporting Council. All rights reserved. For further information, [please visit ](please visit www.frc.org.uk or call)[www.frc.org.uk](please visit www.frc.org.uk or call)[ or call](please visit www.frc.org.uk or call) +44 (0)20 7492 2300. We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The answers have been prepared by Kaplan Publishing. CONTENTS Page Introduction P5 Syllabus and study guide P7 The examination P 13 Study skills and revision guidance P 15 Chapter 1 Recording transactions 1 2 The structure of accounting records 25 3 The trial balance and correction of errors 49 4 Introduction to final accounts 69 5 Basic framework of accounting 81 6 Current and non-current assets 95 7 Non-current assets 109 8 Payables’ and receivables’ ledger reconciliations 133 9 Bank reconciliation 149 10 Accruals and prepayments 165 11 Irrecoverable debts and the receivables allowance 181 12 Closing inventory 191 13 Provisions and liabilities 203 14 The extended trial balance 213 15 Sole trader accounts 229 16 Partnership accounts 255 17 Incomplete records 275 Answers to activities and end-of-chapter questions 299 Index 389 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](mykaplanreporting@kaplan.com) with full details. Our Quality Co-ordinator will work with our

Jul 17, 2026

190

Uploaded by Asher