About This Course
The aim of the this course 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 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 Financial Accounting (FA) 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 IFRS Standards.
The syllabus also covers the analysis and interpretation of information from financial reports.
Finally the syllabus contains outcomes relating to the demonstration of appropriate digital
and employability skills in preparing for and taking the FR examination.
This includes being able to interact with different question item types, manage information presented in digital format and being able to use the relevant functionality and technology to prepare and present response options in a professional manner.
These skills are specifically developed by practicing and preparing for the FR exam, using the learning support content for computer-based exams available via the practice platform and the ACCA website and will need to be demonstrated during the live exam
Learning Objectives
Material Includes
- Online Notes
- Online Quizzes
- Assignments
- Videos and Downloads
Requirements
- Must be registered with the ACCA as a student
- Must have been registered either on the professional route (ACCA) or passed FBT, FMA and FFA if enrolled on the FIA route
- Good Mathematical and English Skills preferably at over 50% in O'Level/ Grade 12
- NB:This course is assessed by the ACCA. All learners in this course must register with ACCA and keep their subscriptions up to date in order to undertake exams. Exams and subscriptions are not taken on this site. Please visit www.accaglobal.com for information on membership, exams and qualifications.
Target Audience
- Junior Bookkeepers who want to become Accountants
- Accountants who want to gain more in professional recognition
- Holders of other Accounting Diplomas and Non-Accounting Degrees
- Pathway to Membership of ACCA
Curriculum
Syllabus A: The conceptual and regulatory framework for financial reporting
1. The need for a conceptual framework and the characteristics of useful information
2. Recognition and measurement
3. Regulatory framework
4. The concepts and principles of groups and consolidated financial statements
Syllabus B: Accounting for transactions in financial statements
1. Tangible non-current assets
2. Intangible assets
3. Impairment of assets
4. Inventory and biological assets
5. Financial instruments
6. Leasing
7. Provisions and events after the reporting period
8. Taxation
9. Reporting financial performance
10. Revenue
11. Government grants
12. Foreign currency transactions
Syllabus C: Analysing and interpreting the financial statements of single entities and groups
1. Limitations of financial statements
2. Calculation and interpretation of accounting ratios and trends to address users’ and stakeholders’ needs
3. Limitations of interpretation techniques
4. Specialised, not-for-profit, and public sector entities
Syllabus D: Preparation of financial statements
1. Preparation of single entity financial statements
2. Preparation of consolidatied financial statements including an associate
Syllabus E: Employability and technology skills
1. Use computer technology to efficiently access and manipulate relevant information.
2. Work on relevant response options, using available functions and technology, as would be required in the workplace.
3. Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools.
4. Present data and information effectively, using the appropriate tools.
Earn a certificate
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Your Instructors
Francis Mwangi
Lecturer
R1,200.00
Material Includes
- Online Notes
- Online Quizzes
- Assignments
- Videos and Downloads
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