ICAEW ACA (Associate Chartered Accountant), Next Generation syllabus · Certificate Level
ICAEW AF Accounting Fundamentals: mock exams and practice questions
123 original exam-style questions for ICAEW AF Accounting Fundamentals, with full timed mock exams in the real format and an explanation for every answer. Free for everyone until 31 January 2027.
- 123practice questions
- 4syllabus areas
- 2 hoursfull mock, like the real exam
ICAEW AF exam format
2 hours, computer-based, on demand: 24 objective test questions (60% of the marks) and 2 long-form questions (40%): prepare a company's statement of financial position and statement of profit or loss from a trial balance (25 marks), and adjust draft financial statements for final transactions or errors (15 marks). IFRS Accounting Standards, with IFRS 18 presentation as in the 2027 syllabus. The pass mark is 55%.
| Section | Format | Marks |
|---|---|---|
| Objective test questions | 24 questions × 2.5 marks: multiple choice, multi-part multiple choice and multiple response | 60 |
| Long-form questions | 2 questions: prepare a single company's statement of financial position and statement of profit or loss from a trial balance (25 marks); adjust draft financial statements for final transactions or error correction (15 marks) | 40 |
| Total | 100 |
Syllabus areas covered
- 1 · Accounting concepts, ethics and sustainability18 questions
- 2 · Maintaining financial records24 questions
- 3 · Adjustments to accounting records and financial statements25 questions
- 4 · Preparing financial statements56 questions
Practise ICAEW AF the way you'll sit it
Timed mocks, a question navigator and flags, then your score by syllabus area so you know what to revise next.