Question bank · ACCA

ACCA FA Financial Accounting MCQs with Answers

150 multiple-choice questions for Financial Accounting, organised chapter by chapter, each with the correct answer and a worked explanation. Double entry to consolidations and cash flows — IFRS-based practice for the FA CBE. Read them here, then switch to a timed mock to test yourself under exam pressure.

1. Chapter 1The context and purpose of financial reporting10 MCQs
2. Chapter 2The qualitative characteristics of financial information10 MCQs
3. Chapter 3Double entry bookkeeping and the accounting equation10 MCQs
4. Chapter 4Sales, purchases and sales tax10 MCQs
5. Chapter 5Inventory (IAS 2)10 MCQs
6. Chapter 6Tangible and intangible non-current assets12 MCQs
7. Chapter 7Accruals, prepayments and receivables12 MCQs
8. Chapter 8Payables, provisions and contingencies (IAS 37)10 MCQs
9. Chapter 9Capital structure and finance costs10 MCQs
10. Chapter 10Trial balance, errors, control accounts and bank reconciliations12 MCQs
11. Chapter 11Preparing financial statements, events after the reporting period and incomplete records12 MCQs
12. Chapter 12Statement of cash flows (IAS 7)10 MCQs
13. Chapter 13Simple consolidated financial statements12 MCQs
14. Chapter 14Interpretation of financial statements10 MCQs