About the Lecturer

Gemma Davis, is an award winning experienced lecturer with over 12 years lecturing experience in accounting and finance. Gemma also has many years of industry experience which spans from Irish firms to multi-national organisations including running her own accounting consultancy business which provided services to industry, both locally in Ireland and in the Caribbean. Gemma is a fellow of the Certified Public Accountants Ireland (CPA).

Why choose PAT for your ACCA exam preparation?

• We are an ACCA Platinum Approved Learning Partner
• You can access lecturers from anywhere; lectures will be streamed live online from our Dublin City Centre classrooms
• We have a unique exam-focused approach with a combination of lectures, revision days and exam preparation sessions (EPS’s)
• Through regular mock exams and corrected homework, our lecturers will offer structured feedback and support
• You’ll receive access to tuition materials online as well as recordings of the lectures.

SBR Syllabus & Exam

Aim

To apply knowledge, skills and exercise professional judgement in the application and evaluation of financial reporting principles and practices in a range of business contexts and situations.

Objective of the Syllabus

Discuss the professional and ethical duties of the accountant
Evaluate the financial reporting framework
Advise on and report the financial performance of entities
Prepare the financial statements of groups of entities in accordance with relevant accounting standards
Explain reporting issues relating to specialised entities
Discuss the implications of changes in accounting regulation on financial reporting
Appraise the financial performance and position of entities
Evaluate current developments

Exam Format

The paper will comprise two sections. Section A will include two compulsory scenario-based questions, totalling 50 marks.

Question 1 will be worth 30 marks and will always examine group accounting. It may also examine other financial reporting issues. In this question, candidates will be required to discuss the correct accounting treatments of a range of issues. Moreover, candidates will need to use a pre-populated spreadsheet response option to correct a draft consolidated financial statement (either a statement of financial position, or a statement of profit or loss and other comprehensive income, or a statement of cash flow). Between 10 and 14 marks will be awarded for the spreadsheet requirements. Candidates will not be asked to prepare consolidated financial statements from the individual financial statements of the parent and its subsidiaries.

Question 2, worth 20 marks, will involve the consideration of the reporting and ethical implications of some accounting issues presented in a specific scenario. Students must demonstrate their understanding of the fact that ethics and integrity are central to the accounting profession and be able to exercise sensitive professional and moral judgments. Ethics will feature in every exam, and it is essential that candidates understand the implications of these ethical issues.

Two professional marks will be awarded to this question and these marks relate to the discussion of the ethical issues set out in the question. The requirement within the question will always clarify how the professional marks will be awarded.

Section B: Section B will contain two compulsory 25-mark questions,

These questions  may be based on a short scenario, or a case study which has several parts, or an essay. They may contain both discursive and computational elements and could deal with any aspect of the syllabus. The section will always contain either a full
or part question that requires the understanding of financial and/or non-financial information from the perspective of a preparer of financial statements or another stakeholder’s perspective.

Two professional marks will be awarded in question 4 and are likely to relate to the appraisal of information from a stakeholder’s perspective. The requirement within the question will always clarify how the professional marks will be awarded.

To read more about SBR  and access past exam papers please click here.

Should you have any further questions, please contact us at [email protected] or on 01-8352963