ACCA F3 Paper
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Questions and Answers

What is the main focus of the Acca f3 paper?

  • Auditing and assurance
  • Financial accounting and reporting (correct)
  • Taxation
  • Management accounting

    • Which of the following is a key aspect covered in the Acca f3 paper?

  • Internal control systems
  • Preparation of financial statements (correct)
  • Cost-volume-profit analysis
  • Capital budgeting techniques

    • In the Acca f3 paper, which financial reporting standard is commonly studied?

  • FASB (Financial Accounting Standards Board) standards
  • IFRS (International Financial Reporting Standards) (correct)
  • IAS (International Accounting Standards)
  • GAAP (Generally Accepted Accounting Principles)

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