ACCA · Applied Knowledge
FAACCA FA tuition in Singapore and online. Double entry, adjustments, financial statements and simple consolidations, with on-demand exam practice.
Overview
Financial Accounting (FA) is the Applied Knowledge paper that teaches how transactions are recorded and turned into financial statements. It covers the context and purpose of financial reporting, double entry bookkeeping, recording transactions and events, preparing a trial balance, control accounts and bank reconciliations, preparing the financial statements of sole traders and companies, simple consolidations, and the basics of interpreting financial statements.
FA is a 2-hour on-demand computer-based exam worth 100 marks.
The pass mark is 50%.
ACCA is moving to a new qualification structure. The Applied Knowledge level becomes the Knowledge level, with on-demand exams available from July 2027, and Financial Accounting continues as one of its exams. If you plan to sit FA in 2027, ask us how the change affects your timing.
Classes are led by Paul William, founder of TutorPOD, who holds ACCA, CIMA and CA Singapore qualifications. FA lessons build double entry from first principles, then practise exam-style questions with real-time problem solving in class until the method is second nature. You get structured notes and timed mocks with personalised feedback.
Classes run live online and in person in Singapore, in small groups or 1-to-1.
FA leads to Financial Reporting (FR) at Applied Skills level, and then to Strategic Business Reporting (SBR).
Resources
Free resources for this subject are being prepared by our tutors.
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10+ yrs teachingProfessional ACCA, CIMA & IB Business Lecturer in Singapore
A Singapore-based professional tutor and mentor with a triple-qualification advantage (ACCA, CIMA and CA Singapore), specialising in professional accounting qualifications and IB Business & Economics.
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FAQ
FA is a 2-hour on-demand computer-based exam worth 100 marks. Section A has 35 objective test questions worth 2 marks each, and Section B has two 15-mark multi-task questions. The pass mark is 50%.
Section B has one question on preparing the financial statements of a single company and one on preparing simple consolidated financial statements.
Yes. FA starts from the basics of double entry. Students without an accounting background do well when they practise the core entries until they become automatic.
FA is the foundation for Financial Reporting (FR) at Applied Skills level, which in turn leads to Strategic Business Reporting (SBR).
Yes. FA is taught live online on Zoom, Google Meet or PodCall, and in person at the Tampines and Waterloo centres in Singapore.
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