Introduction to the ACCA Financial Reporting FR Exam
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CONCEPTUAL AND REGULATORY FRAMEWORK
Chapter 1
1. IASB Conceptual Framework [8m]
2. Objective of financial reporting [6m]
3. Qualitative characteristics [8m]
4. Financial statements and reporting entity [6m]
5. Elements of the financial statements [8m]
6. Recognition and derecognition [5m]
7. Measurement [13m]
8. Presentation and disclosure [4m]
9. Examples [14m]
Chapter 2
Regulatory framework [15m]
PUBLISHED COMPANY ACCOUNTS
Chapter 3
1. Presentation of financial statements – introduction [11m]
2. Presentation of financial statements – SFP and SPLOCI [17m]
3. Presentation of financial statements – Example 1 (revision) [37m]
4.Presentation of financial statements – SOCE[10m]
5. Presentation of financial statements – Example 3[9m]
Chapter 4
1. Statement of cash flows – introduction [23m]
2. Statement of cash flows – question approach [11m]
3. Statement of cash flows – Example 1 (revision) [29m]
ACCOUNTING STANDARDS
Chapter 5
1. PPE – Introduction [12m]
2. PPE – revaluation upwards [20m]
3. PPE – revaluation downwards [15m]
4. PPE – depreciation [10m]
5. PPE – Financial Statements and PPE [18m]
1. Borrowing costs – introduction [6m]
2. Borrowing costs – specific borrowings example [7m]
3. Borrowing costs – general borrowings example [7m]
4. Borrowing costs – net borrowing costs [7m]
Government grants [14m]
Investment property [21m]
Practice question Klopp [29m]
Chapter 6
1. Intangibles – Introduction[21m]
2. Intangibles – Example 1[2m]
3. Intangibles – Example 2[6m]
4. Intangibles – Example 3[5m]
5. Revaluation of intangibles [4m]
6. Intangibles – Example 4 [6m]
Chapter 7
1. Impairments – External vs. Internal Indicators [6m]
2. Impairments – Impairment review [13m]
3. Impairments – Impairment (specific asset) [15m]
4. Impairments – Impairment (CGU) [16m]
Chapter 8
1. IFRS 5 – Introduction [6m]
2. IFRS 5 – NCA-HFS [11m]
3. IFRS 5 NCA-HFS Example 1 [10m]
4. IFRS 5 – Discontinued operations [18m]
Chapter 9
1. IAS 8 – Introduction [12m]
2. IAS 8 – Example (Error) [17m]
3. IAS 8 – Example 3 [10m]
Chapter 10
1. Inventory – Introduction [6m]
2. Inventory – Examples [10m]
3. Agriculture [11m]
Chapter 11
1. Financial instruments – introduction [12m]
2. Financial instruments – financial assets [8m]
3. Financial instruments – Example (FVTPL and FVTOCI)[14m]
4. Financial instruments – Example (amortised cost) [24m]
5. Financial instruments – financial liabilities [20m]
6. Financial instruments – convertible debentures [21m]
7. Financial instruments – disclosure [11m]
Chapter 12
1. Leases – Introduction[5m]
2. Leases – low value and short life exemption [12m]
3. Leases – accounting treatment[8m]
4. Leases – Example[16m]
5. Leases – sale and leaseback[11m]
6. Leases – sale and leaseback Example (at fair value)[16m]
7. Leases – sale and leaseback Example (not at fair value)[11m]
Chapter 13
1. IAS 37 – provisions and contingent liabilities [23m]
2 IAS 37 – Best estimate[9m]
3 IAS 37 – Measurement (present value) [10m]
4. IAS 37 – specific provision scenarios [19m]
6 IAS 37 – Example (restructuring) [3m]
7 IAS 37 – Contingent assets [5m]
Chapter 14
1. Events after the reporting date [10m]
Chapter 15
1. IAS 12 – Introduction [10m]
2. IAS 12 – deferred tax [10m]
3. IAS 12 – Example (excl. deferred tax) [12m]
4. IAS 12 – deferred tax accounting [11m]
5. IAS 12 – Example (incl. deferred tax) [12m]
6. IAS 12 – Example (accelerated capital allowances)[13m]
7. IAS 12 – deferred tax and revaluations [14m]
Chapter 16
1. Revenue – contract and performance obligations [11m]
2. Revenue – transaction price
3. Revenue – allocation [5m]
4. Revenue – recognition [8m]
5. Revenue – Example (LiverTech) [8m]
6. Revenue – Performance obligations over time (output and input)[6m]
7. Revenue – Example 5 (profitable contracts)[13m]
8. Revenue – Example 6 (loss making contracts)[9m]
Chapter 17
1. IAS 21 – Introduction [14m]
2. IAS 21 – Example [15m]
Chapter 18
Fair value (IFRS 13) [12m]
Chapter 19
1. EPS – Basic EPS Introduction [11m]
2. EPS – Basic EPS Example [24m]
3. EPS – diluted EPS Introduction [7m]
4. EPS – diluted EPS Example [12m]
ANALYSIS AND INTERPRETATION
Chapter 20
1. Financial performance Introduction [17m]
2. Financial performance – margins [9m]
3. Financial performance – asset turnover and ROCE [11m]
4. Financial performance – Example
5. Financial performance – Example 2
Chapter 21
1. Financial Position – liquidity and working capital [14m]
2. Financial position – liquidity and working capital example 1[4m]
3. Financial position – liquidity and working capital example 2[24m]
4. Financial Position – gearing and interest cover [6m]
Chapter 22
1. Investor analysis [10m]
2. Investor analysis – example[7m]
3. Limitations of ratio analysis [9m]
GROUP ACCOUNTS
Chapter 23
1. Group SFP – Basic consolidation (revision) [20m]
2. Group SFP – NCI [17m]
3. Group SFP – Goodwill [21m]
4. Group SFP – Example (Basic consolidation) [15m]
5. Group SFP – Other reserves and workings [10m]
6. Group SFP – Example (workings) [15m]
7. Group SFP – intra group and cash in transit [11m]
8. Group SFP – unrealised profit and inventory in transit [11m]
9. Group SFP – Example (PUPs)[19m]
10. Group SFP – NCA PUPs[6m]
11. Group SFP – FV adjustments[13m]
12. Group SFP – share for share exchange [10m]
13. Group SFP – Deferred consideration [18m]
14. Group SFP – Other issues [6m]
Chapter 24
1. Group SPL – Basic consolidation [8m]
2. Group SPL – Proforma working [7m]
3. Group SPL – Example (MYA)[14m]
4. Group SPL – Adjustments [11m]
5. Unrealised profits – Example 3 [14m]
6. Group SPL – Group profit on disposal – Example 4 [15m]
Chapter 25
1. Associates (IAS 28) – Introduction [13m]
2. Associates (IAS 28) – PUPs [7m]
3. Associates (IAS 28) – Significant influence [5m]
