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Financial Accounting and Reporting: UK GAAP

The Financial Accounting and Reporting: UK GAAP exam is three hours long and consists of four written test questions. The exam enables you to prepare complete single entity and consolidated financial statements, and extracts from those financial statements, in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The exam is available in March, June, September and December and you have a maximum of four attempts at this exam.

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Exam guidance

We are here to support you throughout your ACA journey to ensure you have everything you need for your upcoming exam, from exam resources to free and confidential wellbeing support from CABA. Ensure you are fully prepared by reading our exam guidance prior to your exam.

Alternative financial reporting modules

You can choose between a UK GAAP and an IFRS version of the Financial Accounting and Reporting exam. How you decide which alternative module to take should be based on which reporting framework is most relevant to your workplace and your employer will help to guide you on this.

You only need to sit and pass one version of the Financial Accounting and Reporting module. If you are studying the ACA independently, you should consider your future ambitions when selecting which module to sit. The Financial Accounting and Reporting: UK GAAP exam will be available at all Professional Level exam sittings. Find out more on the Financial Accounting and Reporting: IFRS Standards module.

Exam preparation


The syllabus presents the learning outcomes for each exam and should be read with the relevant technical knowledge grids and, where applicable, the skills development grids.

Practice software

It's important that you get to know the exam software and its various functions before you take an exam. To help, we have created an online only practice exam software.

Visit icaew.com/examsoftware to access the question banks and mocks in the practice exam software.

Exams and marks plans

Use past exams in addition to the blank practice software where you can practise answering questions. The marks plans will help you check your answers.

Some past exams are used within our learning materials, they are updated to be in line with the examinable syllabus. The majority will appear in the published question banks, and some may be used in mock exams.

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Plan your study

Use the planner to plan ahead and keep organised throughout the year. Schedule in all the key dates and deadlines for your exams and record the days you plan to study.

Exam study support