ACCA FA 2 Maintaining Financial Records

ACCA FA2
Maintaining Financial Records
Complete Course With Tutor Support

Syllabus topic videos - 42 hours

Exam focused study notes

Kit question videos - 32 hours

Active tutor support over WhatsApp

Quizzes for each chapter

Bonus - Weekly live sessions

ACCA exam questions & solutions

Exam style mock exam

ACCA FA2 Exam Paper Overview

The ACCA Maintaining Financial Records (FA2) paper is part of the Foundations in Accountancy (FIA) qualification and is designed to advance students’ understanding of core accounting processes beyond basic bookkeeping. It focuses on the preparation and maintenance of accurate financial records, along with introducing the skills required to produce financial statements. The ACCA FA2 syllabus is suitable for students who already have a basic grasp of accounting and are looking to develop a more practical and structured approach to financial reporting.

ACCA FA2 Exam Syllabus and Structure

The ACCA FA2 syllabus includes important topics such as the preparation of financial statements for sole traders, accounting adjustments, and maintaining complete and reliable financial records. Students gain knowledge of key adjustments like accruals, prepayments, depreciation, and inventory valuation. The syllabus also explores areas such as incomplete records and control accounts, helping students understand how to deal with more detailed and realistic accounting situations.

The ACCA FA2 exam is a computer-based exam made up entirely of objective test questions, including multiple-choice and scenario-based tasks. It is designed to assess both technical understanding and the ability to apply accounting principles in practical contexts. Compared to earlier-level papers, FA2 places more emphasis on financial statement preparation and adjustments, requiring a higher level of accuracy and time management.

To perform well in ACCA FA2, students should focus on practicing the application of concepts through a variety of exam-style questions. Regular practice will help improve both confidence and accuracy. Greater attention should be given to areas such as adjustments, financial statements, and incomplete records. Following a consistent study plan, attempting mock exams under timed conditions, and using FIA-approved study materials can significantly enhance performance and support success in the exam.

Course Content

Demo Lectures
3 Lessons
- Introduction to Assets, Liabilities and Accounting Equation (27:31)
  Preview
- Income Statement (22:18)
  Preview
- Concept of Depreciation (28:11)
  Preview
ACCA FA2 Resources
6 Lessons
- Instructions to Follow Before Starting Your Course
  Start
- About Customized Study Planner (13:47)
  Preview
- Create Your Customized Study Plan
  Start
- Download The Mobile App For The Study Planner
  Start
- FA2 Resources - Exam Kits
  Start
- Using Vertex Portal - Watch Complete Video
  Start
Chapter 1 - Assets, liabilities and the accounting equation
12 Lessons
- How to start your subject
  Start
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Introduction to Assets, Liabilities and Accounting Equation (27:31)
  Start
- 2. Statement of Financial Position and Profit and Loss (11:04)
  Start
- 3. Elements of Accounting Explained (17:06)
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- 4. Elements of Accounting Explained (17:03)
  Start
- 5. Financial Statements and Elements of Accounting (13:34)
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- Complete Study Notes
  Start
- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS
  Start
- 1. Question Video - 1 (24:32)
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- 2. Question Video - 2 (23:11)
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- Quiz - Assets, Liabilities and The Accounting Equation
  Start
Chapter 2 - Statement of financial position and statement of profit or loss
9 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Statement of Financial Position - Part 1 (31:50)
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- 2. Statement of Financial Position - Part 2 (22:44)
  Start
- 3. Income Statement (22:18)
  Start
- 4. Cost of Sales and Admin Expenses (05:09)
  Start
- Complete Study Notes
  Start
- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS
  Start
- 1. Question Video - 1 (19:25)
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- Quiz - Statement of financial position and statement of profit or loss
  Start
Chapter 3 - Recording and summarising transactions
10 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Source Douments and Books of Prime Entry (17:48)
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- 2. Recording Transactions in Books of Prime Entry 1 (14:50)
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- 3. Cash Book and Bank Statement (16:31)
  Start
- 4. General Ledger and Control Account (14:29)
  Start
- Complete Study Notes
  Start
- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS
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- 1. Practice Question Videos - 1 (25:26)
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- 2. Practice Question Videos - 2 (22:20)
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- Quiz - Recording and Summarising Transactions
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Chapter 4 - Posting transactions, balancing accounts and the trial balance
7 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Debit and Credit - Grace Part 1 (44:13)
  Start
- 2. Completing General Journal - Grace Part 2 (26:51)
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- Complete Study Notes
  Start
- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS
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- 1. Practice Question Videos (25:02)
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- Quiz - Posting transactions, balancing accounts and the trial balance
  Start
Chapter 5 - Accounting principles and characteristics
9 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Introduction to Accounting Principles (16:46)
  Start
- 2. Measurement of Elements of Accounting (15:40)
  Start
- 3. Qualitative characteristics - Revision (07:21)
  Start
- Complete Study Notes
  Start
- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS
  Start
- 1. Accounting principles - Question practice (10:59)
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- 2. Accounting principles - Question Practice 2 (30:12)
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- Quiz - Accounting principles
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Chapter 6 (a) - Contol Accounts
7 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Introduction to Control Accounts Lecture (15:47)
  Start
- 2. Control Accounts Further Explained (25:01)
  Start
- Complete Study Notes
  Start
- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS
  Start
- 1. MCQs 15.1 - 15.2 - 15.3 - 15.4 - 15.5 - 15.6 - 15.14 BPP Kit (38:40)
  Start
- QUIZ - Control Accounts
  Start
Chapter 6 (b) - Correction of Errors
8 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Correction of Errors Lecture 1 (28:48)
  Start
- 2. Correction of Errors 2 (17:16)
  Start
- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS
  Start
- 1. MCQs 17.1 - 17.4 BPP Kit (30:06)
  Start
- 2. MCQs 17.8 - 17.11 - 17.12 - 17.14 BPP Kit (16:58)
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- 3. Further Explanation (25:09)
  Start
- 4. MCQs 18.1 - 18.5 BPP Kit (39:00)
  Start
Chapter 6 (c) - Bank Reconcilliation
4 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Bank Reconciliation Lecture (30:47)
  Start
- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS
  Start
- 1. MCQs 16.1 - 16.6 - BPP (42:05)
  Start
Chapter 7 (a) - Accruals and Prepayments
9 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Introduction to Accruals and Prepayments (26:29)
  Start
- 2. Accruals and Prepayments Explained (19:01)
  Start
- Complete Study Notes
  Start
- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS
  Start
- 1. MCQs 10.5 - 10.7 BPP Kit (22:06)
  Start
- 2. MCQs 10.8, 10.10, 10.11, 10.12 BPP Kit (16:31)
  Start
- 3. Extra Session Accrual Questions (14:16)
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- Quiz - Accruals
  Start
Chapter 8 - Receivable and Irrecoverable Debts
7 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Irrecoverable Debts and Allowances (20:42)
  Start
- 2. Irrecoverable debts and allowances (17:16)
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- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS
  Start
- 1. MCQs Extra Questions (11:57)
  Start
- 2. Discussion - Opening and Closing Balances of Ledgers (17:16)
  Start
- 3. MCQ 11.4 - BPP Kit (05:56)
  Start
Chapter 8 - Cost of Goods Sold and Inventory
10 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Inventory - Introduction (27:05)
  Start
- 2. FIFO and LIFO - Inventory Valuation Methods (13:27)
  Start
- 3. Average Cost Method - Inventory Valuation Methods (12:44)
  Start
- Complete Study Notes
  Start
- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS
  Start
- 1. MCQs - 6.1 - 6.13 - BPP Kit (43:41)
  Start
- 2. Inventory Extra Session (50:44)
  Start
- 3. Mark up and Margin Extra Session (28:26)
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- Quiz - Cost of Goods Sold
  Start
Chapter 9 - Non Current Assets and Depreciation
19 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Introduction to Tangible Non Current Assets (25:57)
  Start
- 2. Cost of Non Current Assets (11:03)
  Start
- 3. Concept of Depreciation (28:11)
  Start
- 4. Methods of Depreciation (50:22)
  Start
- 5. Proportional Depreciation (23:44)
  Start
- 6. Revaluation of Non Current Assets (56:15)
  Start
- 7. Disposal of Non Current Assets (21:13)
  Start
- Complete Study Notes
  Start
- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS
  Start
- 1. MCQs 7.3, 7.4, 7.5, 7.7 BPP Kit (24:30)
  Start
- 2. MCQs 7.8, 7.15, 7.12, 7.14, 8.1, 8.2, 8.6, 8.12, BPP Kit(22:13)
  Start
- 3. MCQs 8.9, 8.14, BPP Kit (07:50)
  Start
- 4. MCQs 8.5, 8.2, 8.16, 8.20 BPP Kit (21:25)
  Start
- 5. Questions and Solutions 5 - (12:56)
  Start
- 6. MCQS 115, 139 , 111, 124, 137 Kaplan kit (44:04)
  Start
- 7. MCQs 7.10 BPP Kit - (09:37)
  Start
- Your feedback is important for us !
  Start
- Quiz - Non current Assets
  Start
Chapter 10 - Accounting for Sole Traders
4 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- Preparation of Financial Statements for Sole Traders (28:42)
  Start
- Complete Study Notes
  Start
- QUIZ - Preparation of Financial Statements for Sole Traders
  Start
Chapter 11 - Extended Trial Balance
5 Lessons
- Complete Study Notes
  Start
- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS_copy
  Start
- 1. MCQS - The Extended Trial Balance Pt 1 (23:57)
  Start
- 2. MCQS - The Extended Trial Balance Pt 2 (18:28)
  Start
- Quiz - Extended Trial Balance
  Start
Chapter 12 - Incomplete Records
6 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Complete Lecture (22:42)
  Start
- Complete Study Notes
  Start
- 🔻 PRACTICE STAGE - KIT AND EXAM QUESTION VIDEOS
  Start
- 1. MCQs 20.4 - 20.9 BPP Kit (30:56)
  Start
- Quiz - Incomplete Records
  Start
Chapter 13 - Partnership
5 Lessons
- 🔵 LEARNING STAGE - TOPIC VIDEOS & NOTES
  Start
- 1. Partnership Part 1 (22:50)
  Start
- 2. Partnership Part 2 (24:40)
  Start
- Complete Study Notes
  Start
- Quiz - Partnership
  Start
Final Mock
2 Lessons
- FA2 Mock 1
  Start
- FA2 Mock 2
  Start
Progress Test
4 Lessons
- FA2 Progress Test 1
  Start
- FA2 Progress Test 2
  Start
- FA2 Progress Test 3
  Start
- FA2 Progress Test 4
  Start
Recordings of Live Sessions For December 2024
27 Lessons
- Day 1 - Chapter 1 - Question Practice (42:43)
  Start
- Day 2 - Chapter 2 - 1.1 - Question Practice (19:13)
  Start
- Day 2 - Chapter 2 - 1.2 - Question Practice (12:45)
  Start
- Day 3 - Chapter 3 - Question Practice (24:39)
  Start
- Day 4 - Chapter 4 - Question Practice (1:14:09)
  Start
- Day 5 - 1.1 - Chapter 5 - Question Practice (22:37)
  Start
- Day 5 - 1.2 - Chapter 5 - Questions Practice (15:31)
  Start
- Day 5 - 1.3 - Chapter 5 - Question Practice (12:59)
  Start
- Day 6 - 1.1 - Chapter 6 - Question Practice (34:51)
  Start
- Day 6 - 1.2 - Chapter 6 - Question Practice (26:15)
  Start
- Day 6 - 1.3 - Chapter 6 - Question Practice (31:20)
  Start
- Day 7 - 1.1 - Chapter 7 - Question Practice (25:21)
  Start
- Day 7 - 1.2 - Chapter 7 - Question Practice (15:56)
  Start
- Day 7 - 1.3 - Chapter 7 - Question Practice (24:59)
  Start
- Day 7 - 1.4 - Chapter 7 - Question Practice (35:33)
  Start
- Day 8 - 1.1 - Chapter 8 - Question Practice (16:22)
  Start
- Day 8 - 1.2 - Chapter 8 - Question Practice (14:03)
  Start
- Day 8 - 1.3 - Chapter 8 - Question Practice (28:29)
  Start
- Day 9 - 1.1 - Inventory Valuation - Practice Questions (16:22)
  Start
- Day 9 - 1.2 - Inventory Valuation - Practice Questions (14:03)
  Start
- Day 9 - 1.3 - Inventory Valuation - Practice Questions (28:29)
  Start
- Day 10 - 1.1 - Depreciation and non current asset - Question Practice (22:57)
  Start
- Day 10 - 1.2 - Depreciation and non current asset - Question Practice (18:43)
  Start
- Day 10 - 1.3 - Depreciation and non current asset - Question Practice (26:41)
  Start
- Day 11 - 1.1 - Bank Reconciliation (26:15)
  Start
- Day 11 - 1.2 - Bank Reconciliation (31:20)
  Start
- Day 11 - 1.3 - Bank Reconciliation (08:26)
  Start
Examiner's Report
4 Lessons
- FA2 S23-A24 examiner's report
  Start
- FA2 S22-A23 examiner's report
  Start
- FA2 S21-A22 examiner's report
  Start
- FA2 S20-A21 examiner's report
  Start

Course Pricing

ACCA FA 2 - 4 Months Access

$110 USD

Complete Course With Tutor Support
- Four months access and tutor support
- Detailed video lectures on complete syllabus
- Video lectures for exam questions and solutions
- Exam practice question videos
- Short notes
- Online quizzes
- Active Tutor support until exam day
- Final mock exam

Buy Now

ACCA FA 2 - 6 Months Access

$130 USD

Complete Course With Tutor Support
- Six months access and tutor support
- Detailed video lectures on complete syllabus
- Video lectures for exam questions and solutions
- Exam practice question videos
- Short notes
- Online quizzes
- Active Tutor support until exam day
- Final mock exam

Buy Now