Ebook ACCA Paper F3 Financial Accounting Interactive text

FIA FFA FINANCIAL ACCOUNTING ACCA PAPER F3 FINANCIAL ACCOUNTING INTERACTIVE TEXT FOR EXAMS FROM FEBRUARY 2014 TO AUGUST 2015 FFA PAPER F3 I N T E R A C T I V FINANCIAL ACCOUNTING E BPP Learning Media is the sole ACCA Platinum Approved Learning Partner – content for FIA and ACCA qualifications. In this, the only FFA/F3 study text to be reviewed by the examiner:  We highlight the most important elements in the syllabus and the key skills you will need T E X T  We signpost how each chapter links to the syllabus and the study guide  We provide lots of exam focus points demonstrating what the examiner will want you to do  We emphasise key points in regular fast forward summaries  We test your knowledge of what you’ve studied in quick quizzes  We examine your understanding in our exam question bank  We reference all the important topics in our full index BPP’s Practice & Revision Kit and i-Pass products also support this paper. Note FIA FFA and ACCA Paper F3 are examined under the same syllabus and study guide. FOR EXAMS FROM FEBRUARY 2014 TO AUGUST 2015 FFA/F3 FINANCIAL ACCOUNTING First edition March 2011 Third edition September 2013 ISBN 9781 4453 7027 9 Previous ISBN 9781 4453 9966 9 eISBN 9781 4453 7062 0 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place 142-144 Uxbridge Road London W12 8AA www.bpp.com/learningmedia A note about copyright Dear Customer What does the little © mean and why does it matter? Your market-leading BPP books, course materials and e-learning materials do not write and update themselves. People write them on their own behalf or as employees of an organisation that invests in this activity. Copyright law protects their livelihoods. It does so by creating rights over the use of the content. Breach of copyright is a form of theft – as well as being a criminal offence in some jurisdictions, it is potentially a serious breach of professional ethics. With current technology, things might seem a bit hazy but, basically, without the express permission of BPP Learning Media: Printed in the United Kingdom by Ricoh Ricoh House Ullswater Crescent  Photocopying our materials is a breach of copyright  Scanning, ripcasting or conversion of our digital materials into different file formats, uploading them to facebook or e-mailing them to your friends is a breach of copyright Coulsdon CR5 2HR Your learning materials, published by BPP Learning Media Ltd, are printed on paper obtained from traceable sustainable sources. 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 BPP Learning Media. You can, of course, sell your books, in the form in which you have bought them – once you have finished with them. (Is this fair to your fellow students? We update for a reason.) Please note the e-products are sold on a single user license basis: we do not supply `unlock` codes to people who have bought them secondhand. And what about outside the UK? BPP Learning Media strives to make our materials available at prices students can afford by local printing arrangements, pricing policies and partnerships which are clearly listed on our website. A tiny minority ignore this and indulge in criminal activity by illegally photocopying our material or supporting organisations that do. If they act illegally and unethically in one area, can you really trust them? We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The suggested solutions in the exam answer bank have been prepared by BPP Learning Media Ltd. © BPP Learning Media Ltd 2013 ii CONTENTS Contents Page Introduction Helping you to pass – the ONLY FFA/F3 study text reviewed by the examiner!......................................v Chapter features...........................................................................................................................vi Studying FFA/F3..........................................................................................................................vii The Computer Based Examination................................................................................................. xx Tackling Multiple Choice Questions................................................................................................xxi Part A The context and purpose of financial reporting 1 Introduction to accounting ..................................................................................................... 3 2 The regulatory framework .................................................................................................... 19 Part B The qualitative characteristics of financial information 3 The qualitative characteristics of financial information............................................................. 31 Part C The use of double entry and accounting systems 4 Sources, records and books of prime entry............................................................................. 45 5 Ledger accounts and double entry......................................................................................... 59 6 From trial balance to financial statements.............................................................................. 87 Part D Recording transactions and events 7 Sales tax.......................................................................................................................... 105 8 Inventory ......................................................................................................................... 115 9 Tangible non-current assets ............................................................................................... 141 10 Intangible non-current assets.............................................................................................. 177 11 Accruals and prepayments................................................................................................. 189 12 Irrecoverable debts and allowances..................................................................................... 203 13 Provisions and contingencies.............................................................................................. 219 Part E Preparing a trial balance 14 Control accounts............................................................................................................... 233 15 Bank reconciliations.......................................................................................................... 255 16 Correction of errors ........................................................................................................... 267 17 Preparation of financial statements for sole traders............................................................... 281 Part F Preparing basic financial statements 18 Incomplete records............................................................................................................ 295 19 Introduction to company accounting.................................................................................... 319 20 Preparation of financial statements for companies ................................................................ 337 21 Events after the reporting period......................................................................................... 365 22 Statements of cash flows................................................................................................... 371 Part G Preparing simple consolidated financial statements 23 Introduction to consolidated financial statements.................................................................. 391 24 The consolidated statement of financial position................................................................... 405 25 The consolidated statement of profit or loss and other comprehensive income.......................... 431 Part H Interpretation of financial statements 26 Interpretation of financial statements................................................................................... 447 Exam question bank ............................................................................................................................. 475 Exam answer bank................................................................................................................................ 503 Index..................................................................................................................................................... 515 Review form iii FFA/F3 FINANCIAL ACCOUNTING iv ... - tailieumienphi.vn