What Does ACCA F3 Actually Test?
F3 is split into two broad areas: the accounting system (double entry, ledger accounts, trial balance, corrections) and preparation of financial statements for sole traders, partnerships, and limited companies. The exam is computer-based with 35 objective test questions and 2 constructed-response tasks worth 10 marks each.
- โDouble-entry bookkeeping and ledger accounts
- โTrial balance preparation and errors
- โAccruals, prepayments, depreciation, provisions
- โSole trader and company financial statements
- โConsolidated statements of financial position (basic)
- โInterpretation of financial statements
