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Financial Accounting  and Reporting 

Financial Accounting and Reporting (FAR) IFRS

Our FAR tuition is extremely exam focused and once a technical subject has been taught, we will develop your exam technique by teaching you the most effective way to answer each type of FAR exam question (the four FAR questions are very different from one another, so we have devised the optimal exam strategy for each).

 

The learning strategies and exam techniques you will be taught are those which enabled Kieran to score 88% and win a prize from the ICAEW. This tuition approach has resulted in several of our students also winning prizes.

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ACA masters is a fantastic tuition provider. The approach to question practice is far more effective and logical than larger providers, and the content is explained brilliantly in the video courses. Using the materials increased my FAR mark from 53% to 93% - thank you Kieran!

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Charles

(FAR resit student who passed first time with us)

Tuition Options

To get you through your FAR exam, we offer:

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Video Tuition

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Live Tuition

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Study Materials

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One-to-One Tuition

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FAR VIDEO COURSE

(2023)

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Our prize-winning Senior ACA Tutor Kieran Doe has recorded our FAR video course. ​Each class focuses on a frequently examined topic and explains the key technical concepts in a simplified way, before demonstrating the optimal exam technique by working through recent past exam questions in full. Kieran will teach you the most efficient way to read, interpret and analyse the exam paper and most importantly, the specific technique you should use when typing your answer. This includes practical advice on how to make effective use of your open book when answering questions.

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Having understood the technical content and exactly how you should be approaching a particular type of FAR exam question, you can then go and attempt similar past exam questions to put these prize-winning exam technique skills to the test and watch your marks drastically improve - hopefully you will join our growing list of prize winners! Our FAR Master Plan (see below) categorises all the past exam questions by topic to make it easy for you to practice similar questions after each class. This enables you to conquer FAR by mastering one area at a time.

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The course is structured so that it covers each examinable area and each type of FAR exam question. The course also includes revision classes from Certificate Level Accounting for those who need a refresher on the brought forward content, as well as recordings from some of our live FAR classes where our tutors work through even more exam questions.

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COURSE STRUCTURE

Single Entity Financial Statements - Assets ('Explain' Questions)  - Additional Questions on Assets *Free Sample Class* - Revenue and Grants ('Explain' Questions) - Provisions ('Explain' Questions) - Additional Questions on Assets, Revenue and Provisions - Equity and Financial Instruments ('Explain' Questions) - EPS - Leases ('Explain' Questions) - Additional Questions on Financial Instruments and Leases - Foreign Currency Transactions ('Explain' Questions) - Single Entity Financial Statement Preparation Questions (with OCI) - Single Entity Financial Statement Preparation Questions (with SOCE) - Single Entity Financial Statement Preparation Questions (with Disclosure Note) - Additional Questions on Single Entity Financial Statement Preparation

Group Accounting - Basics - SFP and P&L with SOCE Questions (no Associate or JV) - Subsidiary Disposal - SFP and P&L with SOCE Questions (with Associate or JV) - P&L and SFP Extract Questions  - Explain Questions - Additional Questions on Groups

Cash Flow Statements - Basics - Group Cash Flow Questions 1 (Full Cash Flow) - Group Cash Flow Questions 2 (Revised Cash Flow and Extracts) - Additional Questions on Cash Flow Statements

Other and Accounting Revision - Conceptual Framework, UK GAAP and Ethics  - December 2021 and March 2022 Questions - June 2022 Questions - Accounting Basics – part 1 (Statements; Double Entry; Ledgers; Sales and Purchases) - Accounting Basics – part 2 (Accruals) - Cost of Sales and Inventories - Bad Debt and Provisions - Tax - Equity and Loans - P&L and SFP - Cash Flow Statement

PAYMENT AND ACCESS

You can watch the course introduction and the first class for free below. ​

 

You can subscribe to all the classes for £250 and enjoy a viewing period of 12 months.

 

Please click here to purchase. Once payment has been made, you can view the full course here. 

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Please note that our study materials are sold separately - see below. 

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PASS GUARANTEE

The 12 month access period should give you plenty of time to sit and pass the FAR exam. However, if you need longer, we will gladly extend your access at no extra cost to you. This includes access to any additional content we upload to the course as a result of syllabus changes. 

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FAR LIVE COURSE

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Our FAR live course comprises six classes with each class focussing on a set of frequently examined topic areas. Your tutor will work through recent exam questions and you will have the opportunity to ask or type questions throughout. 

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The live tuition classes are entirely exam focused and we will work exclusively with past paper questions from recent exams to ensure that you get up to the required standard as soon as possible.

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Our FAR Master Plan (see below) categorises all the past exam questions by topic, so that after each class you can go and practice your newly acquired exam technique skills on similar questions and watch your marks drastically improve (hopefully you will join our growing list of prize winners!)

 

You will also be coached on how to study effectively, how to structure your revision and be guided as to what you need to do to pass the ACA exams with top marks.

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The course is structured as follows:

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1. Explain Accounting Treatment Questions (Assets, Revenue, Grants and Provisions)

2. Explain Accounting Treatment Questions (Financial Instruments, Leases, Foreign Exchange)

3. Single Entity Financial Statements Preparation Questions (including EPS and Tax)

4. Groups Questions (SFP, P&L and SFP Extracts, PL and SOCE)

5. Groups Questions (Subsidiary Disposal, Explain) and Cash Flow Statement Questions

6. 2022 Exam Questions

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TUITION FEES AND HOW TO BOOK

The total cost to attend all six live classes is £570.​

 

Please contact us here for availability and course dates.

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All classes are held online. Online tuition operates in exactly the same way as face-to-face tuition. Our online classroom uses video conferencing (Zoom), screen sharing, electronic ICAEW materials and computer-based assessment software. Many students prefer online tuition as they feel more comfortable asking questions using the chat function and because it saves travel costs and time. Classes are recorded so that you can watch each class as many times as need before your exam. 

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We advise that students also purchase our FAR Video Course (see above) and Study Materials (see below). The videos break FAR down by topic and teach the technical content in a simplified way before working through recent exam questions. Therefore, it is beneficial to watch the video for particular topic before attending the live class e.g. it is beneficial to watch the assets video before attending the live class on assets. Different questions are covered in the videos and the live classes, so using both will mean that you see us work through even more exam questions.

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PASS GUARANTEE

In the unlikely event that you fail your exam, we will automatically enrol you on subsequent FAR Live Courses until you pass your exam. There will be no extra cost to you. This reflects our commitment to getting you qualified, as well as the confidence we have in our track record. In order for the pass guarantee to apply, you must attend all live classes and have purchased our FAR Video Course and Materials. 

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STUDY MATERIALS

(2023)

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Our prize-winning ACA tutor Kieran Doe has developed our unique FAR Study Materials which include learning notes, master plans and exam technique guidance. 

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FAR Learning Notes

Our FAR Learning Notes concisely summarise the essential technical knowledge you need to pass the exam. This enables you to focus on the essential content for each topic and then test yourself by reproducing the condensed content on a blank page. This will force you to actively recall the information so that it is embedded in your brain ready to use for exam questions.

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The notes include:​​

  • Easy-to-use summarised technical notes for each topic

  • Calculation proformas and reminders of things to include in your answer

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A small sample is included at the bottom of this section

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FAR Master Plan

To ensure that you use your study time as effectively as possible, we have broken the syllabus down into examinable topics so that you can allocate your time to specific examinable topics. For each topic, we have listed the recent past exam questions which examined the topic. There is also a reference to how frequently the topic is examined, the extent to which it is examined and the FAR video class which demonstrates the exact exam technique to use for that type of question.

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Exam Technique Guidance

We have included exam technique guidance for each type of FAR question. This contains detailed advice on how you should approach each exam question in order to score top marks.   

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PAYMENT AND DELIVERY

The price for the full package of our FAR materials is £40. You can purchase using a credit or debit card below. 

 

You will receive an email containing a link to download the PDF document within 5 minutes of placing your order. Please note that the document is a digital resource and printing is not permitted. 

 

Please ensure that you check your junk mail in case your email settings divert our emails to junk.

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one-to-one tuition

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If you are struggling with a particular area, then one-to-one tuition is also available. We suggest that one-to-one tuition is used to supplement the tuition provided during our live or video classes to address any specific areas where you require intensive support. 

 

Tuition fees are £95 per hour. 

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Please contact us here if you wish to book.

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