This site works best on a desktop browser. Please switch to desktop mode in your browser settings.

ACCA Practice Questions & CBE Exam Simulator

Practice Objective Questions

NB: Platform is optimised for desktop browsers. If operating from mobile device, change settings to "Desktop Site" to near optimal experience.

ACCA Lecture Videos

The Business organisation

Business organisation and structure Part 1

Business organisation and structure part 2

Business organisation and structure part 3

Organisational culture in business

Stakeholders in business organisations

External analysis - economic factors Part 1

External analysis - economic factors Part 2

External analysis - economic factors Part 3

External analysis - political and legal factors

External analysis - social, environmental and technological factors

Competitive factors

Professional ethics in accounting and business

Governance and social responsibility in business

Law and regulation governing accounting

Accounting and finance functions within business

Financial systems and procedures

The relationship between accounting and other business functions

Audit and financial control

Leadership, management and supervision

Motivating individuals and groups

Individual, group and team behaviour

Personal effectiveness at work

Personal effectiveness at work

Introduction to Financial Accounting

The Statement of Financial Position and Income Statement (part a)

The Statement of Financial Position and Income Statement (part b)

The Statement of Financial Position and Income Statement (part c)

The Statement of Financial Position and Income Statement (part d)

Double Entry Bookkeeping (part a)

Double Entry Bookkeeping (part b)

Double Entry Bookkeeping (part c)

Accruals and Prepayments (part a)

Accruals and Prepayments (part b)

Accruals and Prepayments (part c)

Accruals and Prepayments (part d)

Depreciation Introduction

Depreciation Example 1

Depreciation Example 2

Depreciation Example 3

Depreciation Example 4

IAS 16 Property, Plant and Equipment

Irrecoverable Debts and Allowances Example 1

Irrecoverable Debts and Allowances Example 2

Irrecoverable Debts and Allowances Example 3

Inventory and IAS 2 Examples 1-3

Inventory and IAS 2 Valuation of Inventory - Example 4

Inventory and IAS 2 Valuation of Inventory - Example 5

The provisions of IAS 2: Inventories

The books of Prime Entry (part a)

The books of Prime Entry (part b)

The books of Prime Entry (part c)

The books of Prime Entry (part d)

Journal Entries

Sales Tax (part a)

Sales Tax (part b)

Bank reconciliations - Introduction and terminology

Bank Reconciliations (b)

Control Accounts part 1

Control Accounts part 2

Control Accounts (part c)

Suspense Accounts

Adjustments to Profits

Mark-up and Margins

IAS 37 Provisions, Contingent Liabilities and Contingent Assets

Accounting for Limited Companies - The statement of Profit and Loss

The Statement of Financial Position (limited companies)

Limited Companies - Dividends

Rights issues and Bonus issues of shares

Revaluation Reserve

Preference Shares

Statement of Cash Flows Introduction (part a)

Statement of Cash Flows (part b) Example 1

Statement of Cash Flows (part c) Example 2

Accounting Conventions and Policies

IFRS 15 Revenue Recognition

IAS 10 Events after the Reporting Period

Intangible Assets: Goodwill, Research and Development

Regulatory Framework

Business Documentation

Interpretation of Financial Statements part a

Interpretation of Financial Statements part b

Group Accounts The Consolidated Statement of Financial Position (1a)

Group Accounts The Consolidated Statement of Financial Position (1b)

Group Accounts The Consolidated Statement of Financial Position (2a)

Group Accounts The Consolidated Statement of Financial Position (2b)

Group Accounts The Consolidated Statement of Financial Position (2c)

Group Accounts The Consolidated Income Statement (part a)

Group Accounts The Consolidated Income Statement (part b)

Group Accounts - Further Points

Introduction to the Management Accounting

Accounting for Management

Cost classification part a

Cost Classification and Behaviour part 2

Accounting for Labour

Accounting for overheads part 1

Accounting for overheads part 2

Accounting for overheads part 3

Job, Batch, and Service Costing

Process Costing - Introduction

Process Costing (part 1) - Normal or Expected Losses

Process Costing (part 2) - Abnormal Gains and Losses

Process Costing - Work-in-progress (part 1)

Process Costing - Work-in-progress (part 2)

Process Costing - Work-in-progress (part 3)

Process Costing - Joint Products

Process costing

Ordering and accounting for inventory

Inventory Control (part 1) The EOQ Formula

Inventory Control (part 2) Quantity Discounts

Inventory Control (part 3) - Economic Batch Quantity

Inventory Control (part 4) - Reorder Level

Semi-Variable Costs (part 1) High Low method

Semi-Variable Costs (part 2) Regression analysis

Semi-Variable Costs (part 3) The correlation coefficient

Budgeting

Budgeting part 1

Budgeting part 2

Budgeting part 4 - Cash Budgets

Behavioural aspects of budgeting

The Management Accountant’s Profit Statement - Marginal Costing

Variance Analysis (part 1)

Variance Analysis (part 2)

Variance Analysis (part 3)

Variance Analysis (part 4)

Variance Analysis (part 5)

Financial Performance Measurement - Profitability Measures

Financial Performance Measurement - Liquidity Measures

Divisional Performance Measurement

Non-financial performance measurement

Investment appraisal - Payback period

Investment Appraisal - NPV, IRR

Discounting, Annuities, Perpetuities

Simple Interest, Compound Interest

Sources of data

Presenting Information

Averages

Time Series Analysis

Index Numbers

The Normal distribution

MA Big Data

Introduction to the ACCA Performance Management (PM) Exam

Managing Information

Using Information Systems

Using Information Systems (second lecture)

Activity Based Costing - part 1

Activity Based Costing - part 2

Activity Based Costing - part 3

Target costing -part 1

The use of the target cost

Life cycle costing (part 1)

Life cycle costing (part 2)

Throughput accounting - Key Factor Analysis

Throughput accounting

Limiting Factors - Linear Programming - part 1

Limiting Factors - Graphical Approach - part 2

Linear Programming - Maximum contribution - part 3

Linear Programming - Spare capacity and Shadow prices - part 4

Introduction to Pricing, Cost plus pricing

Optimal pricing - tabular approach

Optimal pricing - equations

Pricing strategies

Cost Volume Profit Analysis - Breakeven

Multi-product Cost Volume Profit analysis

Short-term Decision making - Shutdown problems

Short-term Decision making - Relevant Costing

Short-term Decision making - Make or Buy decisions

Budgeting part 1

Budgeting part 2 - Types of budget

Budgeting part 3 - Methods of budgeting

Budgeting part 4 - Behavioural aspects of budgeting

Quantitative analysis in budgeting - High-low method

Quantitative analysis in budgeting - Learning curves part 1

Quantitative analysis in budgeting - Learning curves part 2

Basic Variance Analysis part 1

Basic Variance Analysis part 2

Basic Variance Analysis part 3

Basic Variance Analysis part 4

Basic Variance Analysis part 5

Planning and Operational variances

Planning and Operational variances (part 2)

Mix and Yield variances

Sales Mix Variance

Advanced Idle Time variances

Activity Based Costing Variances

Financial Performance Measurement

Non-financial performance measurement - Fitzgerald and Moon

Kaplan and Norton’s Balanced Scorecard

Introduction to Divisional performance measurement

Return on Investment (ROI) and Residual Income (RI)

Reasons for using ROI and RI

Transfer Pricing part 1

Transfer Pricing part 2

Transfer Pricing part 3 - Capacity limitations

Performance in the not-for-profit sector

Risk and Uncertainty - Maximax

Risk and Uncertainty - Maximin

Risk and Uncertainty - Minimax regret, Expected values

Risk and Uncertainty - Perfect knowledge

Risk and Uncertainty - Decision Trees Part 1

Risk and Uncertainty - Decision Trees Part 2

Introduction to the ACCA Financial Management (FM) Exam

The financial management environment

Financial management objectives

Management of Working Capital - Introduction

Overcapitalisation and Overtrading

Inventory Management - Economic order quantity

Inventory Management - Quantity discounts

Inventory Management - The Just-in-time system

The management of receivables Introduction

The management of receivables - Change of policy

The management of payables

Introduction to Cash Management

Cash budgets

The Baumol model

The Miller Orr model

Sources of Finance - Equity

Sources of Finance - Equity (part 2)

Sources of Finance - Debt (part 3)

Sources of Finance - Islamic Finance (part 4)

Capital Structure and Financial Ratios - Financial Gearing

Capital Structure and Financial Ratios - Operating Gearing

Capital Structure and Financial Ratios - Other financial ratios

The valuation of securities - The valuation of equity

The valuation of securities - The valuation of debt

The valuation of securities and practical issues

The cost of capital - The cost of equity

The cost of capital - Cost of debt

The weighted average cost of capital (WACC)

When (and when not!) to use the WACC for Investment appraisal

The Cost of Capital - The Effect of Changes in Gearing

Capital asset pricing model (part a)

Capital asset pricing model (part b)

CAPM and MM Combined

Accounting Rate of Return

Discounted Cash Flows - Net Present Value

Discounted Cash Flow - Internal Rate of Return

Discounted Cash Flow - Annuities and Perpetuities

Relevant Cash Flows for DCF Relevant Costs (example 1)

Relevant cash flows for DCF Working capital (examples 2 and 3)

Relevant cash flows for DCF Taxation (example 4)

Relevant cash flows for DCF Inflation (example 5)

Relevant Cash Flows for DCF - Inflation effective rates

Discounted Cash Flow Further Aspects, Capital Rationing

Discounted Cash Flow Further Aspects, Replacement

Discounted Cash Flow Further Aspects, Lease versus Buy

Investment Appraisal Under Uncertainty Sensitivity Analysis (example 1)

Investment Appraisal Under Uncertainty Expected Values (example 2)

The Treasury Function

Foreign Exchange Risk Management

Forecasting Foreign Currency Exchange rates

Exchange rates risk

Forward contracts

Money market hedging

Currency Futures, Options

Interest Rate Risk Management

Lecture 1 - Audit and Assurance on One Page! (Summary)

Lecture 2 - Concept of Assurance and ISAs - Syllabus Part A

Lecture 3 - Appointment of Auditor, Corp Governance, Audit Committee - Syllabus Part A

Lecture 4 - Professional Ethics and Ethical Threats - Syllabus Part A

Lecture 5 - Audit Planning I - Audit Planning, Audit Risk - Syllabus Part B

Lecture 6 - Audit Planning II - Audit Risks, Audit Plan, Strategy, Fraud - Syllabus Part B

Lecture 7 - Audit Planning III - Materiality and ISQC 1 - Syllabus Part B

Lecture 8 - Internal Control I - Control Objectives, Components and limitations - Syllabus Pt C

Lecture 9 - Internal Control II - Why are internal controls critical to auditors? - Syllabus Pt C

Lecture 10 - Revenue Process (Part 1) - Internal Control, Syllabus Part C

Lecture 11 - Revenue Process (Part 2) - Internal Control, Syllabus Part C

Lecture 12 - Revenue Process (Part 3) - Internal Control, Syllabus Part C

Rhapsody Co Solution - Internal Control on Revenue Process

Lecture 14 - Purchase Cycle Part 1 - Risk, Control and Test Procedures

Lecture 15 - Purchase Cycle Part 2 - Risk, Control and Test Procedures

Lecture 16 - Cherry Blossom Co Solution - Exam Question on Purchase Process

Lecture 17 - Payroll Process Part 1 - Risk, Control and Test Procedures

Lecture 18 - Payroll Process Part 2 - Risk, Control and Test Procedures

Lecture 19 - Scarlet & Co Solution, Payroll Process

Lecture 20 - Inventory Process - Internal Control

Lecture 21 - Non Current Asset, Internal Control

Lecture 22 - Cash and Bank, Internal Control

Lecture 25 - Substantive Testing Introduction (Section D)

Lecture 24 - Audit Assertions, Substantive Testing (Section D)

Lecture 23 - Substantive Test, Audit Evidence (Section D)

Lecture 26 - PPE Substantive Procedure (Section D)

Lecture 27 - Substantive Test of PPE - Kyanite Pizzas Co Solution

Lecture 28 - Substantive Test of PPE - More Practice Question

Lecture 29 - Substantive Test of PPE - Pineapple Beach Co, Elounda Co Solution

Lecture 30 - Substantive Testing - Intangible Assets R&D

Lecture 31 - Substantive Testing - Account Receivables and Revenue

Lecture 32 - Substantive Testing - Prepayment, Inventory, Purchases

Lecture 33 - Substantive Testing - Cash and Bank

Lecture 34 - Substantive Testing - Dashing Co Solution

Lecture 35 - Substantive Testing - Hyacinth Co Solution

Lecture 36 - Substantive Testing - Jasmin Co Solution

Lecture 37 - Substantive Testing - Account Payable and Accrual

Lecture 38 - Substantive Testing - Payroll and Bank Loan

Lecture 39 - Substantive Testing - Provisions, Contingent Liability, Share Capital and Dividends

Lecture 40 - Substantive Testing - Purrfect Co Solution - Provision

Lecture 41 - Substantive Testing - Canopus Co Solution

Lecture 42 - Audit Completion - Final Review, Going Concern, Rep Letter, Events After Reporting Date

Lecture 43 - Audit Completion - Audit Report and Opinion Decision

Lecture 44 - Internal Audit - Roles and comparison with External Audit

Introduction to the ACCA Corporate and Business Law (LW) Global Variant

Civil Law, Common Law, Criminal Law

Equity Law, Ratio Decidendi

Sharia law

International organisations

International Court of Arbitration

UNCISG

International Sale Of Goods Contracts - The Seller’s Obligations

Rights and obligations of the buyer and the seller

When does risk pass from the seller to the buyer?

Documents found in international trade

Agency Law

Company Law - International companies similar to UK companies

Introduction to the ACCA Financial Reporting (FR) Exam

IASB Conceptual Framework - introduction

Objective of financial reporting

Qualitative characteristics

Financial statements and reporting entity

Elements of the financial statements

Recognition and derecognition

Framework - measurement

Presentation and disclosure

Framework - Capital maintenance

Framework - examples

Regulatory framework

Presentation of financial statements - introduction

Presentation of financial statements - SFP and SPLOCI

Presentation of financial statements - Example 1 (revision)

Presentation of financial statements - SOCE

Presentation of financial statements - Example 3

Statement of cash flows - introduction

Statement of cash flows - question approach

Statement of cash flows - Example 1 (revision)

PPE - Introduction

PPE - revaluation upwards

PPE - revaluation downwards

PPE - Depreciation

PPE - Financial Statements and PPE

Borrowing costs - introduction

Borrowing costs - specific borrowings example

Borrowing costs - general borrowings example

Borrowing costs - net borrowing costs

Government grants

Investment property

Intangibles - Introduction

Intangibles - Example 1

Intangibles - Example 2

Intangibles - Example 3

Impairments - External vs. Internal Indicators

Impairments - Impairment review

Impairments - Impairment (specific asset)

Impairments - Impairment (CGU)

IFRS 5 - Introduction

IFRS 5 - NCA-HFS

IFRS 5 NCA-HFS Example 1

IFRS 5 - Discontinued operations

IAS 8 - Introduction

IAS 8 - Example (errors)

IAS 8 - Example 3

Inventory - Introduction

Inventory - Examples

Agriculture

Financial instruments - introduction

Financial instruments - financial assets

Financial instruments - Example (FVTPL and FVTOCI)

Financial instruments - Example (amortised cost)

Financial instruments - financial liabilities

Financial instruments - convertible debentures

Financial instruments - disclosure

Leases - Introduction

Leases, low value and short life exemption

Leases - accounting treatment

Leases - Example

Leases - sale and leaseback

Leases - sale and leaseback Example (at fair value)

Leases - sale and leaseback Example (not at fair value)

IAS 37 - provisions and contingent liabilities

IAS 37 - Best estimate

IAS 37 - Measurement (present value)

IAS 37 - specific provision scenarios

IAS 37 - Example (restructuring)

IAS 37 - Contingent assets

Events after the reporting date

IAS 12 - Introduction

IAS 12 - deferred tax

IAS 12 - Example (excl. deferred tax)

IAS 12 - deferred tax accounting

IAS 12 - Example (incl. deferred tax)

IAS 12 - Example (accelerated capital allowances)

IAS 12 - deferred tax and revaluations

Revenue - contract and performance obligations

Revenue - transaction price

Revenue - allocation

Revenue - recognition

Revenue - Example (LiverTech)

IAS 21 - Introduction

IAS 21 - Example

Fair value (IFRS 13)

Financial performance Introduction

Financial performance - margins

Financial performance - asset turnover and ROCE

Financial performance - Example

Financial performance - Example 2

Financial Position - liquidity and working capital

Financial position - liquidity and working capital example 1

Financial position - liquidity and working capital example 2

Financial Position - Gearing and interest cover

Investor analysis

Investor analysis - example

Limitations of ratio analysis

Group SFP - Basic consolidation (revision)

Group SFP - NCI

Group SFP - Goodwill

Group SFP - Example (Basic consolidation)

Group SFP - Other reserves and workings

Group SFP - Example (workings)

Group SFP - intra group and cash in transit

Group SFP - Unrealised profit and inventory in transit

Group SFP - Example (PUPs)

Group SFP - NCA PUPs

Group SFP - FV adjustments

Group SFP - share for share exchange

Group SFP - Deferred consideration

Group SFP - Other issues

Group SPL - Basic consolidation

Group SPL - proforma working

Group SPL - Example (MYA)

Group SPL - Adjustments

Associates (IAS 28) - Introduction

Associates (IAS 28) - PUPs

Associates (IAS 28) - Significant influence

Introduction to the Advanced Financial Management (AFM) Exam

Objectives of organisations

Strategy formulation (Part 1)

Strategy formulation (Part 2)

Behavioural finance

Conflicts of interest and their resolution

Corporate dividend policy

Sources of finance - Islamic Finance

The cost of capital (part 1)

The cost of capital (part 2)

The cost of capital (part 3)

The capital asset pricing model (part 1)

The capital asset pricing model (part 2)

Portfolio theory

Discounted cash flow techniques (part 1)

Discounted cash flow techniques (part 2)

Discounted cash flow techniques (part 3)

Discounted cash flow techniques (part 4)

Discounted cash flow techniques (part 5)

The impact of financing (part 1)

The impact of financing (part 2)

The valuation of debt finance, and duration (part 1)

The valuation of debt finance, and duration (part 2)

The valuation of debt finance, and duration (part 3)

Share options and option pricing (part 1)

Share options and option pricing (part 2)

Share options and option pricing (part 3)

Share options and option pricing (part 4)

Real options

Risk and uncertainty (part 1)

Risk and uncertainty (part 2)

Exchange rate determination

Foreign exchange risk management (1) Part 1

Foreign exchange risk management (1) Part 2

Foreign exchange risk management (1) Part 3

Foreign exchange risk management (1) Part 4

Foreign exchange risk management (1) Part 5

Foreign exchange risk management (1) Part 6

Foreign exchange risk management (1) Part 7

Foreign exchange risk management (1) Part 8

Foreign exchange risk management (2) Part 1

Foreign exchange risk management (2) Part 2

Interest rate risk management (1) Part 1

Interest rate risk management (1) Part 2

Interest rate risk management (1) Part 3

Interest rate risk management (1) Part 4

Interest rate risk management (1) Part 5

Interest rate risk management (2)

Mergers and acquisitions

The valuation of mergers and acquisitions (part 1)

The valuation of mergers and acquisitions (part 2)

The valuation of mergers and acquisitions (part 3)

Corporate Reorganisation and Capital Reconstruction Schemes (part 1)

Corporate Reorganisation and Capital Reconstruction Schemes (part 2)

International Operations

ACCA AAA Answering Techniques

Engagement acceptance & continuance considerations

Quality Management

Quality Management Exam Question walk-through

Group Audit explained: Reliance on Component Auditors

Audit of Less Complex Entities (LCEs)

Forensic Audit - Question Walk-through

Sustainability Assurance

Sustainability Assurance Question Debrief

Due Diligence Question Debrief SD 2025

Audit Committee & External Audit: Minimum Standard (Exam Tips)

Audit opinion and auditor's report (INT)

Audit Completion & Reporting - Question Debrief (Sep-Dec 2025)

Audit Completion & Reporting - Question Debrief

ACCA AAA Q1 (M/J 25) - Full debrief: Business risks, ROMM, procedures using data analytics & Ethics

ACCA AAA Q1 (Sep/Dec 25) - Full debrief

Introduction to the ACCA Strategic Business Reporting (SBR) Exam

IASB Conceptual Framework - Objective of financial reporting

IASB Conceptual Framework - Elements of financial statements

Regulatory Framework

Presentation of Financial Statements (IAS 1)

Accounting policies, changes in accounting estimate and errors (IAS 8)

First time adoption (IFRS 1)

Borrowing costs (IAS 23)

Government grants (IAS 20)

Investment properties (IAS 40)

Intangible assets (IAS 38)

Impairments (IAS 36)

Inventory (IAS 2)

Agriculture (IAS 41)

Provisions, contingent assets and liabilities (IAS 37)

Events after the reporting date (IAS 10)

Pensions (IAS 19) - Introduction

Pensions, IAS 19 - Example

Curtailment and Asset ceiling (IAS 19)

Financial instruments - Introduction

Financial assets

Financial liabilities

Convertible debentures

Derivatives

Hedging - Introduction

Cash flow hedge accounting

Fair value hedge accounting

Hedging criteria and hedge effectiveness

Fair Value (IFRS 13)

Revenue from contracts with customers (IFRS 15) part 1

Revenue from contracts with customers (IFRS 15) part 2

Introduction to IFRS 16 Leases

IFRS 16 Identifying a lease

Lease and non-lease components

Lessee accounting

Lessor accounting (introduction)

Lessor accounting - finance lease

Lessor accounting - operating lease

Operating segments (IFRS 8)

Deferred tax (IAS 12) - Individual company accounts

Deferred tax (IAS 12) - Accelerated capital allowances

Deferred tax (IAS 12) - Group accounts

Earnings per share (IAS 33)

IAS 34 Interim Financial Reporting

Basic group structures - Introduction

Basic group structures - SFP workings and adjustments

Basic group structures - Basic consolidation example

Basic group structures - SPLOCI introduction

Basic group structures - SPLOCI example

Basic group structures - IFRS 12

Basic group structures - Subsidiary impairment

Basic group structures - Associate impairment

Joint arrangements - Introduction

Joint arrangements Example

Changes in group structure - Introduction

Step acquisitions - Non control to control

Step acquisitions - Control to control

Step disposals - Control to control

Step disposals - Control to no control

Group SFP Example 5

Group SPL Example 6

Foreign currency - Introduction

Foreign currency - Functional currency

Foreign currency - Example 1

Foreign currency - Example 2

Foreign currency (IAS 21) Exchange differences

Overseas consolidation - Introduction

Translation of the subsidiary

Goodwill, NCI and group retained earnings

Group SCF - Introduction

Group SCF - Dividend paid to the NCI

Group SCF - Dividend received from Associate

Group SCF - Acquisition disposal of subsidiary

Group SCF - Example

Other components of equity - Example 3

Small and medium sized entities

Integrated Reporting

Management Commentary