Aim
The aim of ACCA FR Financial Reporting (formerly F7) is to develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements.
Objective of the Syllabus
- Discuss and apply a conceptual and regulatory frameworks for financial reporting
- Account for transactions in accordance with International accounting standards
- Analyse and interpret financial statements.
- Prepare and present financial statements for single entities and business combinations in accordance with International accounting standards
Exam Format
All questions are compulsory.
Section A of the ACCA FR Financial Reporting exam comprises 15 objective test questions of 2 marks each. Section B of the exam comprises three 10 mark case-based questions. Each case has five objective test questions of 2 marks each. Section C of the exam comprises two 20 mark questions.
To read more about FR and to access past exam papers please click here.
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