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ICAN · Foundation

FA A2 Financial Accounting

Bookkeeping to basic financial statements: recording and reconciling transactions, accounting for assets and provisions, partnerships, not-for-profit entities and incomplete records, and computerised systems.
FA
Format
Written examination
Duration
3h 15m
Pass mark
50%
Total marks
100
Sessions
May and November diets
Syllabus
2025 syllabus (updated)

Checked against ICAN's own pages on 22 October 2026. HPS re-checks before each session.

Exam structure

100 marks

  1. Section A20

    Twenty compulsory multiple-choice questions spanning the whole syllabus (20% of total marks).

  2. Section B80

    Six open-ended questions (essay, computational or scenario-based) worth 20 marks each; candidates answer any four.

Same title as the 2021 syllabus; FA passes are credited. ICAN's syllabus allows Foundation papers to be paper-based or computer-based.

VerifiedRecorded from the official pages on 22 October 2026Source 1 Source 2 Source 3
Syllabus navigator
Use the arrow keys or select an area. Areas and sub-areas follow the ICAN 2025 syllabus. Weightings appear only where the examining body publishes them.

Syllabus area A· about 10% of the exam

Accounting Framework

3 sub-areas, as the syllabus lists them. HPS lessons and questions are tagged to these codes, so your Knowledge DNA and revision plan point at the exact sub-area you got wrong.

  • A1Scope and purposes of accounting
  • A2Bases of accounting
  • A3The regulatory environment of accounting
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  • Free FA practice is being preparedHPS lecturers are writing exam-style questions for this paper. They appear here, free and without an account, once they are reviewed.

Next sessions

  • November 2026 diet10 Nov 2026 to 12 Nov 2026Verified
Resources
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