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First edition May 2011Third edition November 2013ISBN 9781 4453 7034 7Previous ISBN 9781 4453 9977 5e-ISBN 9781 4453 7069 9British Library Cataloguing-in-Publication DataA catalogue record for this bookis available from the British LibraryPublished byBPP Learning Media LtdBPP House, Aldine PlaceLondon W12 8AAwww.bpp.com/learningmediaPrinted in the United Kingdom by Polestar WheatonsHennock RoadMarsh BartonExeterEX2 8RPYour learning materials, published by BPP LearningMedia Ltd, are printed on paper sourced fromsustainable, managed forests.All our rights reserved. No part of this publication maybe reproduced, stored in a retrieval system ortransmitted, in any form or by any means, electronic,mechanical, photocopying, recording or otherwise,without the prior written permission of BPP LearningMedia Ltd.We are grateful to the Association of CharteredCertified Accountants for permission to reproduce pastexamination questions. The suggested solutions in theexam answer bank have been prepared by BPPLearning Media Ltd, except where otherwise stated.©BPP Learning Media Ltd2013A note about copyrightDear CustomerWhat does the little © mean and why does it matter?Your market-leading BPP books, course materials andelearning materials do not write and updatethemselves. People write them: on their own behalf oras employees of an organisation that invests in thisactivity. Copyright law protects their livelihoods. It doesso by creating rights over the use of the content.Breach of copyright is a form of theft – as well being acriminal offence in some jurisdictions, it is potentially aserious breach of professional ethics.With current technology, things might seem a bit hazybut, basically, without the express permission of BPPLearning Media: Photocopying our materials is a breach of copyright Scanning, ripcasting or conversion of our digitalmaterials into different file formats, uploading themto facebook or emailing them to your friends is abreach of copyrightYou can, of course, sell your books, in the form inwhich you have bought them – once you have finishedwith them. (Is this fair to your fellow students? Weupdate for a reason.) But the e-products are sold on asingle user licence basis: we do not supply ‘unlock’codes to people who have bought them second hand.And what about outside the UK? BPP Learning Mediastrives to make our materials available at pricesstudents can afford by local printing arrangements,pricing policies and partnerships which are clearlylisted on our website. A tiny minority ignore this andindulge in criminal activity by illegally photocopying ourmaterial or supporting organisations that do. If they actillegally and unethically in one area, can you reallytrust them
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FI32RK14 (POL & HO)_Layout 1 18/11/2013 11:58 Page 1 About BPP Learning Media BPP Learning Media is dedicated to supporting aspiring business professionals with top quality learning material as they study for demanding professional exams, often whilst working full time. BPP Learning Media’s commitment to student success is shown by our record of quality, innovation and market leadership in paper-based and e-learning materials. BPP Learning Media’s study materials are written by professionally-qualified specialists who know from personal experience the importance of top quality materials for exam success. FFA FINANCIAL ACCOUNTING PAPER F3 FINANCIAL ACCOUNTING This Practice & Revision Kit has been reviewed by the examiner to ensure that it provides full coverage of the syllabus and study guide for FIA FFA Financial Accounting and ACCA Paper F3 Financial A