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ACCA Financial Accounting (FA) — A. The context and purpose of financial reporting（財務報告の背景と目的）: 60 practice questions
60 original ACCA Financial Accounting (FA) questions on A. The context and purpose of financial reporting（財務報告の背景と目的）, each with an explanation and its source. Topics: A1 The scope and purpose of financial statements for external reporting（外部報告のための財務諸表の範囲と目的）, A2 Users' and stakeholders' needs（利用者・利害関係者のニーズ）, A3 The main elements of financial reports（財務報告の主な構成要素）, A4 The regulatory framework（規制の枠組み）, A5 Duties and responsibilities of those charged with governance（ガバナンスを担う者の義務と責任）. Two free samples are below. Try 5 more free, no sign-up.
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Two A. The context and purpose of financial reporting（財務報告の背景と目的） questions with explanations
Open a question, choose an answer in your head, then open the explanation.
Q1 A1 The scope and purpose of financial statements for external reporting（外部報告のための財務諸表の範囲と目的）
Which of the following best describes the purpose of financial reporting?
- To calculate the exact amount of tax that a business must pay each year
- To guarantee to investors that the business will make a profit in future
- To prepare detailed budgets that managers use to plan next year's activities
- To record, analyse and summarise an entity's financial transactions so that users can make economic decisions
Show the answer and explanation
Answer: D. Financial reporting records, analyses and summarises transactions and presents the result to people who need it for economic decisions. That is its core purpose.
Sources: ACCA Financial Accounting (FA/FFA) Syllabus and study guide, September 2025 to August 2026 (ACCA syllabus changes 2025/26-2026/27: no change for FA) · IFRS Conceptual Framework Project Summary, March 2018 (IFRS Foundation)
Q2 A1 The scope and purpose of financial statements for external reporting（外部報告のための財務諸表の範囲と目的）
Which of the following is a characteristic of financial accounting rather than management accounting?
- Its format is chosen freely by each department to suit its own needs
- It is prepared mainly for external users, in formats shaped by law and accounting standards
- It is prepared mainly for managers and may include forecasts and non-financial measures
- It is produced mainly to calculate the cost of each product for pricing decisions
Show the answer and explanation
Answer: B. Financial accounting produces general purpose statements for people outside the business, so its content and format are governed by law and standards.
Sources: IFRS Conceptual Framework Project Summary, March 2018 (IFRS Foundation) · IFRS 18 Presentation and Disclosure in Financial Statements (IFRS Foundation, 2026 HTML edition)
OTHER UNITS
ACCA Financial Accounting (FA) practice questions by unit
- B. Accounting principles, concepts and qualitative characteristics（会計の原則・概念と質的特性） 50
- C. The use of double-entry and accounting systems（複式簿記と会計システムの利用） 70
- D. Recording transactions and events（取引と事象の記録） 330
- E. Reconciliations（照合・調整） 70
- F. Preparing a trial balance（試算表の作成） 90
- G. Preparing basic financial statements（基本的な財務諸表の作成） 180
- I. Interpretation of financial statements（財務諸表の解釈） 50
- H. Preparing simple consolidated financial statements（単純な連結財務諸表の作成） 100
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