Practise what you're studying, in real tools.

Hands-on practice for the quantitative, financial-reporting and corporate-finance skills behind several Level I topics: work the numbers yourself in live worksheets, with every model formula checked.

• Quantitative Methods

  Time value of money, returns, probability, distributions, sampling, hypothesis tests and regression on worked datasets.

  • Present valueFree
  • Net present valueFree
  • Measuring returnsFree
  • Hypothesis testing
  • Regression

• Financial Statement Analysis

  Common-size statements, profitability and DuPont, cash-flow analysis, earnings quality; inventories, impairment, leases, deferred tax and EPS under IFRS.

  • Profitability ratiosFree
  • Cash flow analysisFree
  • Financial Statement Analysis track
  • IFRS 16 lease simulatorFree
  • Advanced Financial Reporting

• Corporate Issuers (Corporate Finance from 2027)

  Capital budgeting, cost of debt, beta, leverage, payout and working-capital policy.

  • Incremental cash flowsFree
  • Cost of debtFree
  • Corporate Finance track

• Equity Investments (Equities from 2027)

  DCF, WACC, multiples, comparable companies and the dividend discount model.

  • Valuation overviewFree
  • Free cash flowFree
  • Company Valuation track

• Fixed Income

  Bond features, pricing, yield to maturity, accrued interest and duration.

  • How bonds workFree
  • Fixed Income track

• Portfolio Management (Portfolio Construction from 2027)

  Return and volatility, drawdowns and estimating beta.

  • Investment Analysis track

• Practical Skills Module: Financial Modeling

  Model structure, three-statement linking, debt schedules, scenarios and model review.

  • Financial Modeling track

Practise the double entry, reporting standards, costing and audit concepts behind several ACCA papers, with feedback on every entry and free simulators.

• Financial Accounting (FA)

  Double entry, journals and ledgers, the trial balance, adjustments, financial statements and basic consolidation.

  • Journals and Ledgers
  • Financial Statements
  • Debit and credit simulatorFree
  • Bank reconciliation simulatorFree

• Management Accounting (MA)

  Job, process and activity-based costing, cost-volume-profit, budgeting, standard costs and variances.

  • CVP simulatorFree
  • Cost and Managerial Accounting
  • Budget variance simulatorFree
  • Budgeting and Performance

• Financial Reporting (FR)

  IFRS 15 revenue, IFRS 16 leases for lessees, PPE, impairment, provisions, deferred tax, EPS, group statements and ratio interpretation.

  • IFRS 16 lease simulatorFree
  • Consolidation simulatorFree
  • Revenue timeline simulatorFree
  • Deferred tax simulatorFree
  • Revenue and Expenses (IFRS 15)
  • Advanced Financial Reporting

• Audit and Assurance (AA)

  Assertions, materiality, audit risk, internal control, evidence, sampling and substantive testing.

  • Audit adjustments simulatorFree
  • Auditing and Internal Controls

• Financial Management (FM)

  NPV, IRR, capital rationing, cost of capital, valuation and working capital.

  • Net present valueFree
  • Corporate Finance track

• Strategic Business Reporting (SBR)

  Leases, groups and goodwill, foreign currency, financial instruments and fair value at a technical level.

  • IFRS 16 lease simulatorFree
  • Advanced Financial Reporting

IFRS 16 Leases is an examinable document for Financial Reporting and Strategic Business Reporting (2026/27). ACCA states that it is not examinable in Financial Accounting, so the lease simulator is listed under FR and SBR only.

Practise the IFRS-based financial accounting, cost and managerial accounting, audit and financial-management topics in SOCPA’s published subject outlines, with free simulators and feedback on every entry.

• Financial Accounting (⁨المحاسبة المالية⁩)

  The accounting cycle, cash flows, receivables, inventories, property and equipment, intangibles, impairment, leases, provisions, revenue from contracts, income taxes, EPS, business combinations and consolidation.

  • IFRS 16 lease simulatorFree
  • Cash flow builderFree
  • Consolidation simulatorFree
  • Financial Statements
  • Advanced Financial Reporting

• Management and Governmental Accounting (⁨المحاسبة الإدارية والحكومية⁩)

  The cost and managerial accounting topics: job-order and process costing, ABC, standard costs and variances, cost-volume-profit, relevant costs, transfer pricing and budgets.

  • Job costing simulatorFree
  • Process costing simulatorFree
  • CVP simulatorFree
  • Cost and Managerial Accounting

• Auditing (⁨المراجعة⁩)

  Planning, risk of material misstatement, materiality, internal control, audit evidence, sampling and audit adjustments.

  • Audit adjustments simulatorFree
  • Auditing and Internal Controls

• Business Environment (⁨بيئة الأعمال⁩)

  The financial-management topics: ratio analysis, valuation methods, cost of capital and cash-flow management.

  • Profitability ratiosFree
  • Valuation overviewFree
  • Corporate Finance track

SOCPA holds the Fellowship exam in Arabic and English. Formula Quest’s learning interfaces are in English, so candidates sitting the exam in Arabic will practise with English terminology.

Practise the budgeting, cost, performance, financial-analysis and investment-decision skills in both parts of the CMA® content outline, in live worksheets and free simulators.

• Part 1: Planning, Budgeting, and Forecasting

  Operating, cash and master budgets, flexible budgets, rolling forecasts and forecasting methods.

  • Budgeting and Performance
  • FP&A track

• Part 1: Performance Management

  Budget-versus-actual and variance analysis, responsibility accounting, transfer pricing and KPIs.

  • Budget variance simulatorFree
  • Budgeting and Performance

• Part 1: Cost Management

  Cost classification, job-order, process and activity-based costing, and standard costs.

  • Job costing simulatorFree
  • Cost and Managerial Accounting

• Part 1: External Financial Reporting Decisions

  Recognition and measurement of assets, liabilities, revenue, leases and income taxes, practised under IFRS.

  • Advanced Financial Reporting

• Part 1: Internal Controls

  Control components, segregation of duties and testing controls.

  • Auditing and Internal Controls

• Part 1: Technology and Analytics

  Data analysis with spreadsheets, SQL, Python and regression.

  • SQL for Finance Professionals
  • Regression

• Part 2: Financial Statement Analysis

  Common-size statements, ratios, DuPont, cash-flow analysis and earnings quality.

  • Profitability ratiosFree
  • Financial Statement Analysis track

• Part 2: Corporate Finance

  Cost of capital, capital structure, payout policy, working capital and valuation.

  • Corporate Finance track

• Part 2: Business Decision Analysis

  Cost-volume-profit, break-even, relevant costs and make-or-buy decisions.

  • CVP simulatorFree
  • Cost and Managerial Accounting

• Part 2: Capital Investment Decisions

  NPV, IRR, payback, capital rationing and sensitivity analysis.

  • Net present valueFree
  • Incremental cash flowsFree