AAT Level 3 Diploma in Accounting (Q2022) - Financial Accounting: Preparing Financial Statements (FAPS) Vocabulary Game
Exam terms with clues and explanations by OpenExamPrep.
About the AAT Level 3 Diploma in Accounting (Q2022) - Financial Accounting: Preparing Financial Statements (FAPS) Vocabulary Games
4 free word games built on 19 AAT Level 3 Diploma in Accounting (Q2022) - Financial Accounting: Preparing Financial Statements (FAPS) terms across 9 topics. Every game deals terms at random and shows what each term means, so you can keep playing as long as you like.
How to Play
- 1.Read the clue and type the term (3 to 6 letters).
- 2.Green: right spot. Yellow: wrong spot. Gray: not in the term.
- 3.Solve it in 6 tries, then read the explanation.
- 1.Swap two neighboring tiles to line up 3 of the same term.
- 2.Longer lines, two lines at once and chains score more.
- 3.Play until no swap can make a line.
- 1.Flip two cards. A matching pair stays face up.
- 2.Each pair you find shows what the term means.
- 3.Clear the board in as few moves as you can.
- 1.Find each listed term in the letter grid.
- 2.Drag across its letters: across, down or diagonally.
- 3.Find all five as fast as you can.
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Topics in the AAT Level 3 Diploma in Accounting (Q2022) - Financial Accounting: Preparing Financial Statements (FAPS) Vocabulary Game
Accounting principles
Double-entry bookkeeping
Capital expenditure
Depreciation
Period-end adjustments
Balance extraction
Sole trader statements
Profitability ratios
Incomplete records
Sources for these terms (5)
- AAT Level 3 Diploma in Accounting Qualification Specification, Version 5.13 · Source checked 2026-11-03
- Conceptual Framework for Financial Reporting (March 2018) · Source checked 2026-11-03
- IAS 16 Property, Plant and Equipment (2026 issued) · Source checked 2026-11-03
- IAS 2 Inventories (2026 issued) · Source checked 2026-11-03
- VAT Notice 700: the VAT guide · Source checked 2026-11-03
About the AAT Level 3 FAPS Exam
FAPS is the Financial Accounting: Preparing Financial Statements unit within AAT Level 3. It covers nine learning outcomes: accounting principles, advanced bookkeeping, asset acquisition/disposal, depreciation, adjustments, sole trader extended trial balance, sole trader and partnership statements, profitability ratios, and incomplete records.
Exam sponsor: Association of Accounting Technicians (AAT). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.
Assessment
Question count not published by the exam provider
Time Limit
2 hours 30 minutes
Passing Score
70% unit pass mark
Exam / Certification Fees
£67 AAT assessment fee; venue charges may apply. Remote invigilation adds £41 where offered.
Exam sponsor websiteReported exam pass rate: Current cohort figure not quoted. No current FAPS cohort pass-rate figure is quoted; the unit pass mark is 70%. Exam sponsor website
Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.
Frequently Asked Questions
Is the AAT FAPS vocabulary game free?
Yes. The game is free to play with no sign-up. Signing in adds AI explanations for any term.
How do the AAT FAPS vocabulary games work?
There are 4 games built on 19 AAT FAPS terms. In Guess the Term, a clue describes one term and you have six tries to spell it, with green, yellow and gray letters showing how close you are. In Term Match, six terms appear as colored tiles; swap neighbors to line up three or more of the same term, and each match shows what the term means. In Term Pairs, twelve face-down cards hide six pairs of terms; flip two at a time to find each pair, and every pair you find shows what the term means. In Term Search, five terms hide in a grid of letters, reading across, down or diagonally; drag across a term to circle it, and each term you find shows what it means.
Where do the AAT FAPS terms come from?
OpenExamPrep researched each term from the Association of Accounting Technicians (AAT) content outline and primary sources, listed under Sources on this page. The game is independent study material, not an official exam resource.
What are the FAPS assessment format, time and pass mark?
AAT specifies a computer-based, computer-marked assessment lasting 2 hours 30 minutes, with a 70% pass mark. The qualification specification does not give a fixed total question count; use AAT practice assessments to learn the task interface.
Is FAPS the whole AAT Level 3 Diploma in Accounting?
No. FAPS contributes 40% of the diploma grade. The other mandatory units are Business Awareness (15%), Management Accounting Techniques (30%) and Tax Processes for Businesses (15%). Completing FAPS and TPFB alone does not complete the four-unit diploma.