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ACCA Financial Accounting (FA) — G. Preparing basic financial statements（基本的な財務諸表の作成）: 180 practice questions
180 original ACCA Financial Accounting (FA) questions on G. Preparing basic financial statements（基本的な財務諸表の作成）, each with an explanation and its source. Topics: G1 Statements of financial position（財政状態計算書）, G2 Statements of profit or loss and other comprehensive income（純損益及びその他の包括利益計算書）, G3 Disclosure notes（注記）, G4 Events after the reporting period（後発事象・IAS 10）, G6 Incomplete records（不完全記録）, G5 Statements of cash flows（キャッシュ・フロー計算書・IAS 7）. Two free samples are below. Try 5 more free, no sign-up.
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Two G. Preparing basic financial statements（基本的な財務諸表の作成） questions with explanations
Open a question, choose an answer in your head, then open the explanation.
Q1 G1 Statements of financial position（財政状態計算書）
At the end of its first year, a business has total assets of $120,000 and total liabilities of $45,000. Using the accounting equation, what is the owner's equity?
- $165,000
- $45,000
- $75,000
- $120,000
Show the answer and explanation
Answer: C. Equity is $75,000. The accounting equation is Assets = Equity + Liabilities, so Equity = Assets − Liabilities = $120,000 − $45,000.
Sources: ACCA FA/FFA Full Specimen exam answers, Question 1 · ACCA Financial Accounting (FA/FFA) Syllabus and study guide, September 2025 to August 2026 (unchanged for 2026/27), section G1
Q2 G1 Statements of financial position（財政状態計算書）
Which of the following is a current asset in the statement of financial position?
- A delivery vehicle expected to be used for four years
- Rent paid in advance for the next three months
- A patent with eight years of remaining life
- A loan to a supplier repayable in three years' time
Show the answer and explanation
Answer: B. Rent paid in advance for the next three months is a current asset (a prepayment). The benefit will be used within 12 months of the reporting date.
Sources: IFRS 18 Presentation and Disclosure in Financial Statements（IAS 1 第66・69項の流動・非流動の区分を引き継いだ規定） · IFRS 18 Presentation and Disclosure in Financial Statements (issued text), paragraphs 99-102
OTHER UNITS
ACCA Financial Accounting (FA) practice questions by unit
- A. The context and purpose of financial reporting（財務報告の背景と目的） 60
- 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
- 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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