ACCA Financial Reporting (FR) Exam Preparation Course
The financial reporting syllabus assumes knowledge acquired in Paper Financial Accounting, and develops and applies this further and in greater depth. The syllabus begins with the conceptual framework for financial reporting with reference to the qualitative characteristics of useful information and the fundamental bases of accounting introduced in the Paper Financial Accounting syllabus within the Knowledge module. It then moves into a detailed examination of the regulatory framework of accounting and how this informs the standard setting process. The main areas of the syllabus cover the reporting of financial information for single companies and for groups in accordance with generally accepted accounting principles and relevant accounting standards. Finally, the syllabus covers the analysis and interpretation of information from financial reports.
Course objectives and learning outcomes:
On successful completion of this paper candidates should be able to:
- Discuss and apply a conceptual and regulatory frameworks for financial reporting
- Account for transactions in accordance with International accounting standards
- Analyze and interpret financial statements
- Prepare and present financial statements for single entities and business combinations in accordance with International accounting standards
Learning approach:
Study book learning during the course By the ACCA approved publisher, supported by additional materials and business cases. Every day homework of the passed chapters, building the knowledge based on the exercises. 2 Mock exams for checking the level of preparation.
Readings
Study books by ACCA Approved Content Providers (Kaplan Publishing and BPP Learning Media), Classroom Notes, Examiner’s articles, examiner’s approach interview, and technical articles.
Required Practice
- E-learning Platform Quizzes
- Mock exams from the Question Bank
