ACCA - F3 Financial Accounting (INT): Study Text by Bpp Learning Media

By Bpp Learning Media

The organization of Chartered qualified Accountants (ACCA) is the worldwide physique for pro accountants. With over a hundred years of offering world-class accounting and finance skills, the ACCA has considerably raised its overseas profile lately and now helps a BSc (Hons) in utilized Accounting and an MBA.BPP studying Media is an ACCA legit writer. Paper F3 concentrates at the fundamentals of economic accounting. the item is to offer scholars an exceptional grounding in double access book-keeping and the guidance of uncomplicated monetary statements for sole investors, partnerships and corporations. the most sections are: 1. The context and goal of economic reporting 2. Accounting conventions three. Use of double access book-keeping four. Recording transactions and occasions five. getting ready a tribulation stability 6. getting ready simple monetary statementsThe syllabus is especially just like the previous paper 1.1, yet comprises extra aspect on credits transactions (particularly the reconciliation of provider statements earlier than cost is made). notwithstanding, Paper F3 excludes paintings on ratios and uncomplicated consolidated monetary statements, that are now in Paper F7.The above notes follow to either the overseas and united kingdom streams. although, scholars may be acutely aware that ACCA's major circulation is now foreign, with united kingdom being provided in basic terms as a variation. we offer fabrics for either the F3 foreign movement and the united kingdom version. The examiner has reviewed the research textual content, which concentrates at the key parts of the syllabus and takes account of the examiner's suggestions on how subject matters might be tested. It encompasses a step by step method of themes that scholars may perhaps locate tricky, akin to keep watch over account reconciliations and suspense money owed. there are numerous examples and questions in every one bankruptcy that can assist you preparation the techniques.BPP studying Media is the writer of selection for plenty of ACCA scholars and institution services all over the world. sign up for them and plug right into a global of craftsmanship in ACCA tests.

Show description

Read Online or Download ACCA - F3 Financial Accounting (INT): Study Text PDF

Similar accounting books

Accounting for Dummies

That includes the most recent info on accounting tools and criteria, this consultant indicates you the way to prevent accounting fraud, reduce confusion, maximize earnings, and make feel of accounting fundamentals. You'll quick know the way to control stock, file source of revenue and costs for public or inner most businesses, assessment revenue margins, research company strengths and weaknesses, and deal with budgets for a greater final analysis.

Debt Capital Markets in China

An in-depth examine China’s burgeoning capital markets writer Jian Gao is the number 1 authority on fastened source of revenue markets in China, and with this publication, he brings his substantial adventure and data approximately those markets to traders world wide. For these attracted to changing into lively in China’s starting to be mounted source of revenue markets, Debt Capital Markets in China is the publication you must start.

Value-Added Tax: International Practice and Problems

This e-book is an exam of VAT. It seems at difficulties and theoretical innovations and strength affects, in addition to detailing the sensible elements of imposing new tax buildings. the writer advances arguments for and opposed to substitute guidelines and illustrates his examine with foreign examples from Europe, Latin the US, Asia, and the Pacific.

Additional info for ACCA - F3 Financial Accounting (INT): Study Text

Example text

During the year he sells 17 machines at $150 each. How should the remaining machines be valued at 31 December in the following circumstances? (a) (b) He is forced to close down his business at the end of the year and the remaining machines will realise only $60 each in a forced sale. He intends to continue his business into the next year. Answer (a) (b) If the business is to be closed down, the remaining three machines must be valued at the amount they will realise in a forced sale, ie 3 × $60 = $180.

Profits should only be recognised when realised in the form of cash or another asset with a reasonably certain cash value. 14 Examples: Prudence Some examples might help to explain the application of prudence. (a) A company begins trading on 1 January 20X5 and sells goods worth $100,000 during the year to 31 December. At 31 December there are accounts receivable outstanding of $15,000. Of these, the company is now doubtful whether $6,000 will ever be paid. The company should make an allowance for receivables of $6,000.

1 Purpose and status The introduction gives a list of the purposes of the Framework. (a) Assist the Board of the IASB in the development of future IFRSs and in its review of existing IASs. (b) Assist the Board of the IASB in promoting harmonisation of regulations, accounting standards and procedures relating to the presentation of financial statements by providing a basis for reducing the number of alternative accounting treatments permitted by IASs. Assist national standard-setting bodies in developing national standards.

Download PDF sample

Rated 4.95 of 5 – based on 41 votes