ACA Qualification: Free Mock Test & Practice Questions

ACA Qualification

The ACA is a postgraduate-level qualification undertaken by graduates and professionals training to become a chartered accountant. Achieving the qualification is a key requirement for membership of the ICAEW, enabling holders to use the 'ACA' designation and access senior roles in business and finance.

Pass mark 55/40 180 minutes Real test fee approx £2,000+ (exam fees only) Institute of Chartered Accountants in England and Wales How many can I get wrong?

Weak on a topic? Drill just that one till it clicks, then move on.

Free practice questions

Try 3 real ACA Qualification questions

Have a go, then reveal the worked explanation. A taster from a bank of 206 original questions — unlock for unlimited drills and full timed mocks.

Q1. According to IAS 2 Inventories, how should inventory be measured in the statement of financial position?

A. At its original cost.
B. At its net realisable value (NRV).
C. At the lower of cost and net realisable value.
D. At the higher of cost and net realisable value.

Show answer & explanation

✓ Answer: C. At the lower of cost and net realisable value.

IAS 2 requires inventory to be measured at the lower of its cost and net realisable value. This ensures that assets are not stated at a value higher than the amount expected to be realised from their sale.

Q2. An audit senior, who was a key member of the engagement team for XYZ Ltd last year, has just accepted a position as the financial controller at XYZ Ltd. According to the ICAEW Code of Ethics, which threat to objectivity is most significant for the current audit team?

A. Self-interest threat
B. Familiarity threat
C. Advocacy threat
D. Intimidation threat

Show answer & explanation

✓ Answer: B. Familiarity threat

The close relationship formed when the senior was part of the audit team creates a significant familiarity threat, as the team may be too sympathetic to their work or accept their explanations too readily.

Q3. Parent Co acquires 80% of Sub Co for cash consideration of £800,000. At the acquisition date, the fair value of Sub Co's identifiable net assets was £750,000. Parent Co's policy is to measure non-controlling interest (NCI) at its proportionate share of net assets. What is the goodwill to be recognised on consolidation?

A. £50,000
B. £200,000
C. £350,000
D. £500,000

Show answer & explanation

✓ Answer: B. £200,000

Goodwill = Consideration (£800k) + NCI (20% of £750k = £150k) - Fair Value of Net Assets (£750k) = £950k - £750k = £200,000.

Start here

Ten questions to see where you stand

Two minutes, no timer, marked the moment you finish with every answer explained. Then you'll know which topics need the work before you sit a full mock.

Exam mode

Full mock exam

40 random questions, real timing, marked against the official pass mark. Different every time.

Create a free account for a full mock

No card needed. A free account unlocks a full timed mock and 3 drills on every exam.

Try it free

Topic drills

Ten quick questions on one topic, marked instantly with explanations.

1 free drill left — then a free account unlocks 3 + a full mock.

ACA Qualification — common questions

Frequently asked

How many questions are in the ACA Qualification?

The exam has 40 questions. Every Revision Robin mock uses the same 40-question format so your practice matches the real thing.

What is the pass mark for the ACA Qualification?

You need 55 out of 40 correct to pass, which is about 138%. Our mocks mark you against this exact threshold.

How long do you get?

The test is timed at 180 minutes. Our full mock runs on the same clock so you can practise your pacing.

Are these the real exam questions?

No. Our questions are original and written to match the current syllabus, so they give realistic practice without copying the official paper. Every answer comes with a plain-English explanation. Always confirm current rules and content with Institute of Chartered Accountants in England and Wales.

How much does the official test cost?

The official Institute of Chartered Accountants in England and Wales fee is approx £2,000+ (exam fees only). Revision Robin practice is separate and helps you pass first time so you only pay that fee once.