Home · ACCA Financial Accounting (FA) Practice Exam
ACCA Financial Accounting (FA) Practice Exam
This exam is for students at the Applied Knowledge level of the ACCA qualification, developing skills in preparing and interpreting financial statements. Passing is a mandatory step towards becoming a qualified chartered certified accountant.
Pass mark 50/72120 minutesReal test fee approxAssociation of Chartered Certified Accountants (ACCA)How many can I get wrong?
About this practice. Revision Robin is built and maintained by Bloor Engineering Ltd, a UK-registered company. Our ACCA Financial Accounting (FA) Practice Exam questions are written and reviewed in-house to match the current syllabus, each with a plain-English worked explanation. They are original practice material, not the official exam questions and not affiliated with or endorsed by Association of Chartered Certified Accountants (ACCA). Always confirm current test rules, fees and content with the official provider. See our Terms and Privacy.
Start with a free topic drill, see where you stand, then unlock the full mock.
Free practice questions
Try 3 real ACCA Financial Accounting (FA) Practice Exam questions
Have a go, then reveal the worked explanation. A taster from a bank of 202 original questions. Unlock for unlimited drills and full timed mocks.
Q1. Which of the following user groups is primarily interested in a company's profitability and ability to pay dividends as a return on their investment?
A. Lenders
B. Suppliers and trade creditors
C. Government agencies
D. Investors
Show answer & explanation
✓ Answer: D. Investors
Investors provide risk capital and are primarily concerned with the return on their investment, which includes potential dividends and capital growth, both driven by profitability.
Q2. For financial information to be a perfectly faithful representation, it must be complete, neutral, and free from error. Which of these attributes is most compromised if management deliberately chooses an accounting policy to overstate profits?
A. Completeness
B. Neutrality
C. Freedom from error
D. Relevance
Show answer & explanation
✓ Answer: B. Neutrality
Neutrality requires that financial information is presented without bias. Deliberately choosing a policy to overstate profits introduces management bias, thus violating neutrality.
Q3. Which of the following errors would NOT be revealed by the extraction of a trial balance?
A. A cash receipt of $100 was debited to the bank as $10 and credited to receivables as $100.
B. A purchase of $500 was completely omitted from the accounting records.
C. The closing balance on the rent account of $2,000 was listed on the credit side of the trial balance.
D. A sales invoice was credited to the sales account but no debit entry was made.
Show answer & explanation
✓ Answer: B. A purchase of $500 was completely omitted from the accounting records.
An error of omission, where a transaction is completely missed, means both the debit and credit are omitted, so the trial balance will still balance.
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72 random questions, real timing, marked against the official pass mark. Different every time.
The first 8 of 72 questions are free, with your score on them. Finishing the paper, your result against the pass mark and every answer explained come with the paid version.
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Topic drills
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Who has to sit the ACCA Financial Accounting (FA) Practice Exam
Who needs a ACCA Financial Accounting (FA) Practice Exam?
Students pursuing the ACCA qualification as an Applied Knowledge exam, foundational for financial reporting.
The real ACCA Financial Accounting (FA) Practice Exam: format
How many questions are in the ACCA Financial Accounting (FA) Practice Exam?
The real ACCA Financial Accounting (FA) Practice Exam has 37 questions and lasts 120 minutes. Our mock uses 72 questions in 120 minutes.
What is the ACCA Financial Accounting (FA) Practice Exam pass mark?
Real exam pass mark: 50%. Our mock marks you at 50 out of 72, the threshold we mark against.
What it costs, and what a resit costs
How much does the ACCA Financial Accounting (FA) Practice Exam cost?
Real exam fee: £98-£145 (set by centre). Resit fee: £98-£145 (set by centre). Rebooking after a fail: 90 days.
How hard is it
What is the ACCA Financial Accounting (FA) Practice Exam pass rate?
Real exam first-time pass rate: 71% (June 2026, typically 65-75%). Difficulty: Moderate, accessible, foundational for accounting careers.
Why people fail it
Why do people fail the ACCA Financial Accounting (FA) Practice Exam?
Not practicing exam-style questions under timed conditions.
Poor time management, leaving questions unanswered.
Lack of conceptual clarity in double-entry and financial statement preparation.
Figures for the real exam from vertexaisearch.cloud.google.com, checked October 2026. Fees and rules change, so confirm with the test provider before you book.
ACCA Financial Accounting (FA) Practice Exam: common questions
Frequently asked
How long do you get?
The test is timed at 120 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 Association of Chartered Certified Accountants (ACCA).