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Accounting

The Accounting exam has 25 questions. 24 questions (60% of the overall marks) are presented in the form of multiple-choice, multi-part multiple choice or multiple-response, and one is a scenario-based question (40% of the overall marks). For the scenario-based question, you will be asked to prepare single company financial statements; either a statement of profit or loss and statement of financial position or a statement of cash flows, using a pro-forma template.

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Exam guidance

We are here to support you throughout your ICAEW CFAB 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 centre guidance and remote exam guidance prior to your exam.

Exam preparation

Sample assessments

To help you prepare for the Accounting exam, two sample assessments are available. They give you the opportunity to practice the Accounting exam. Each sample contains a case study-style question and 24 short form questions.

Exam study support

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Resources

Introduction to Accounting exam webinar

This webinar acts as an introduction to the Accounting exam, containing example questions, common mistakes and exam preparation tips.
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Introduction to the Accounting exam

In this guide we will introduce you to the Accounting exam. We will cover what to expect when sitting the exam, what to look out for and preparing for the exam.
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Retaking the Accounting exam

In this guide we will cover how to prepare to retake the Accounting exams including reviewing what went wrong and how to prepare to retake your exam.
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Tips for success

In this guide we introduce some tips for success to help you master the Accounting exam.
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Library

Access our leading business library, providing a huge range of resources for you.
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