ACCA FA case studies
ACCA FA · Put your knowledge to work in context.
ACCA Financial Accounting (FA) - also referred to by its older code, F3 - is the financial accounting exam in ACCA's early exam sequence. ACCA describes the syllabus as covering the underlying principles and concepts of financial accounting, accounting techniques and the preparation of basic financial statements, and expects candidates to demonstrate technical proficiency in double-entry techniques, including preparing and interpreting basic financial statements for sole traders, partnerships, companies and simple groups of companies. The ACCA FA case studies are 5 cases and about 3,508 words.
1The overdraft that grew while profit grew
Meridian Retail Ltd has just presented its 2025 accounts to its bank. Revenue rose from £4.00m to £4.80m and gross profit from £1.32m to £1.44m, yet the bank manager is uneasy: the overdraft has grown by £400,000 in a year in which the company reported a profit.
688 words, about 3 min2Harlow plc: goodwill and the unrealised profit
On 1 January 2025 Harlow plc acquired 75% of Seaton Ltd, paying £3,600,000 in cash. Seaton's equity at that date was share capital £2,000,000 and retained earnings £1,200,000.
611 words, about 3 min3Colin Forbes: a suspense account and three errors
Colin Forbes prepared a trial balance for his wholesale business at 31 December 2025. Debit totals were £486,300 and credit totals £485,100, and the difference was posted to a suspense account.
676 words, about 3 min4Bridge Ltd: three accounting judgements
Bridge Ltd, a wholesaler with a 31 December year end and a 30% gross margin, has prepared draft 2025 accounts. The new finance director disputes three items.
776 words, about 4 min5Ravinder Patel: four year-end adjustments
Ravinder Patel runs a sole trading business. His draft statement of profit or loss for the year ended 31 December 2025 shows a net profit of £86,400.
757 words, about 4 min