ACCA - Financial Reporting (FR)

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Accounting for transactions in financial statements

Analyzing and interpreting the financial statements of single entities and groups

Preparation of financial statements

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Introduction to Financial Reporting (FR)

Purpose of the syllabus

The aim of the syllabus is to develop knowledge and skills in understanding and applying IFRS Standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements. The financial reporting syllabus assumes knowledge acquired in Financial Accounting (FA), and develops and applies this further and in greater depth.

The syllabus

The broad syllabus headings are;


The conceptual and regulatory framework for financial reporting



Accounting for transactions in financial statements



Analyzing and interpreting the financial statements of single entities and groups


Preparation of financial statements


The Exam

The syllabus is assessed by a three-hour computer-based examination.

The examination consists of:


Number of marks

Section A – Fifteen 2-mark objective test questions



Section B – Three Questions (5 OTQs each) 2- mark


Section C – Two 20-mark constructed response questions



Time allowed


3 hours

Total Marks



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