Topics covered:

• Introduction to the Financial Accounting & Reporting exam

• Recap of Accounting Basics studied at Certificate Level

• Professional Ethics

• Reporting Frameworks

• Financial Statement Formats

• Reporting Financial Performance

• Specific Accounting Treatment under IFRS

  • Plant, Property & Equipment

  • Intangible Assets

  • Revenue

  • Inventories

  • Leases

  • Financial Instruments

  • Provisions & Contingencies

  • Events after the Reporting Period

  • Government Grants

• Accounting for groups

  • The Basics Principles of Groups

  • The Consolidated Statement of Financial Position

  • The Consolidated Statement of Profit or Loss

  • The Consolidated Statement of Changes in Equity

  • Associates and Joint Arrangements

  • Disposal of Group Members

  • The Consolidated Statement of Cash Flows

• IFRS vs UK GAAP

• Advice on Tackling Exam Questions

• Revision Checklist

• Key Terms

 Last updated in January 2024.

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