ACCA

𝐀𝐝𝐣𝐮𝐬𝐭𝐢𝐧𝐠 𝐄𝐯𝐞𝐧𝐭𝐬 𝐌𝐚𝐝𝐞 𝐄𝐚𝐬𝐲

Are the following material events, that have occurred after the reporting date and before the financial statements are approved, adjusting events?

A valuation of property providing evidence of impairment in value at the reporting date
☐ Yes ☐ No

Sale of inventory held at the reporting date for less than cost
☐ Yes ☐ No

Discovery of fraud or error affecting the financial statements
☐ Yes ☐ No

The insolvency of a customer with a debt owing at the reporting date which is still outstanding
☐ Yes ☐ No

Think it through before checking the answer

Struggling with adjusting events in FA or FFA? Watch this step-by-step video to understand what events are considered as adjusting events and tackle exam questions with confidence.
https://www.youtube.com/watch?v=qYZ76-AcJ-o&list=PLRYOefFr48S1tdfw2ILn4w80JSGHir5uB&index=32

More FA and FFA study videos can be found here: https://www.youtube.com/playlist?list=PLRYOefFr48S1tdfw2ILn4w80JSGHir5uB

Sustainability is the cornerstone of long-term value. Empower your finance function to lead the transition with ACCA’s Professional Diploma in Sustainability:https://shorturl.at/Jdgho

𝐘𝐨𝐮𝐫 𝐅𝐈𝐀 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐢𝐬 𝐞𝐯𝐨𝐥𝐯𝐢𝐧𝐠 — and your progress continues to count 🚀

𝐇𝐞𝐫𝐞’𝐬 𝐰𝐡𝐚𝐭 𝐭𝐡𝐞 𝐅𝐈𝐀 𝐭𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐥𝐨𝐨𝐤𝐬 𝐥𝐢𝐤𝐞:
1️⃣ Continue completing your current FIA exams and modules
2️⃣ Use the ACCA Transition Tool to understand how your progress maps forward
3️⃣ Receive credit for equivalent elements within the future ACCA Qualification
4️⃣ Progress confidently into the redesigned qualification from 2027

𝐅𝐈𝐀 𝐞𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐭𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧:
📘 FA1 + FA2 → F1 Accounts Preparation
📊 MA1 → F2 Management Information
📈 MA2 → F3 Decision Making with Data
💼 FiP → Enterprise & Entrepreneurship Module

Your pathway remains clear, future-focused and designed to support your success in a changing world of finance and business.

Explore your transition journey today: https://shorturl.at/aOfq0

ACCA was delighted to participate in the EU-ASEAN Sustainability Summit in Cebu, Philippines on 7th May, sharing the latest findings on sustainability reporting progress across the region.

Presenting an update to our 2025 ASEAN sustainability reporting research, the message was broadly positive: several ASEAN states are making real progress toward full ISSB implementation, aligning the bulk of regional GDP under a common standard.

But two risks remain on the radar:
→ Capacity constraints — the profession needs to build skills at pace with regulatory developments
→ Commitment gaps — a number of ASEAN states are yet to formally align with ISSB

ACCA then hosted a panel discussion that sharpened the picture further. Panellists urged coordinated public-private action to unblock the bottlenecks holding implementation back. There was also strong consensus that the whole of ASEAN needs to coalesce around a common ISSB baseline. A 'two speed' ASEAN approach to key regulatory standards would undermine the region's broader integration ambitions.

Explore our latest thinking and resources below:

📊Sustainability Reporting in ASEAN (2025): https://shorturl.at/Adx3g

📋ACCA's Recommendations for ASEAN: https://shorturl.at/e2rNr

🔍 Sustainability Reporting Implementation — Track Your Progress:
https://shorturl.at/Hngs9
https://shorturl.at/vHHxn

Follow these three steps to get the most out of your mock exams.

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