ACCA FIA technical articles. FA1 and FA2

ACCA FIA technical articles are supplementary resources that FA1 and FA2 students can use to support their studies. The technical articles provide an in-depth analysis of specific accounting concepts and offer guidance on how to apply these concepts in practice. 

They are an excellent resource for those who want to deepen their understanding of the material covered in the exams or for those who want to learn more about a particular area of accounting.

ACCA FA1 Technical articles

The accounting equation

The accounting equation is central to the practice of double-entry bookkeeping. This article will introduce you to this critical mathematical principle and its applications in business transactions so that after reading it, you should have a better understanding of what drives your bottom line!

Discounts

This article considers how IFRS 15, Revenue from Contracts with Customers, will affect how companies account for prompt payment discounts.

FA2 Technical articles

Qualitative accounting characteristics

The following article relates to the outcome of FA2 syllabus ‘explain generally accepted accounting principles and concepts’. This has been written as a complement to this module's topic on belief systems.

A matter of principle

The first part of the FA2 syllabus is to understand generally accepted accounting principles and concepts. This article will discuss how these work, as well as their underlying principles which must be remembered when doing accounts transactionsally or using other software programs like Excel for example!

Partnerships

The article provides an in-depth overview of how to properly account for partnerships when doing your taxes.

Accounting for partnerships

This article will teach you about accounting for partnerships and how it can be applied in your business or professional life.

Exam technique

How to prepare for on-demand computer-based exams (FIA exams)

Here we will guide you on the skills and exam techniques required in preparing for on-demand CBEs with a focus on FAA exams.

Five steps to multiple-choice success

The five-step process for answering multiple choice questions is as follows: 

1) Read the entire question and all possible answers carefully, then respond accordingly; 2) Mark your answer directly on the lines next to each alternative you propose; 3. Evaluate which of these four responses would best suit both texts written in bold print at the top right corner. 4) decide upon one specific word or phrase for this exercise before continuing with step 5.; Check over what has been written down so far, making sure it makes sense sentence by sentence without any unnecessary words rental added into

Closing comments

The ACCA FIA technical articles provide students with an in-depth analysis of specific accounting concepts and guidance on how to apply these concepts in practice.

These articles are an excellent resource for those who want to deepen their understanding of the material covered in the exams or for those who want to learn more about a particular area of accounting. Other technical articles from ACCA can be found here.