ACCA FR Study Guide: Objective, Syllabus, Exam  Pattern, and Passing Rates

The ACCA Financial Reporting, or ACCA FR, course helps in enhancing their knowledge and abilities in the comprehension and application of accounting standards, the theoretical framework in the preparation of financial statements for entities, including groups, and the use of ratios (Ratio Analysis) for analysis and interpretation of those financial statements. This is where you will learn about the Statement of Cash Flows, Statement of Changes in Equity, Statement of Financial Position (Balance Sheet), Statement of Profit or Loss and Other Comprehensive Income, and Disclosure Notes to Accounts using International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS).

ACCA Financial Reporting is among the most engaging and well-rated ACCA papers. Since ACCA FR is a skills exam, it can be taken in any of the four exam sessions that are held in March, June, September, or December of each year.

Objectives of the ACCA FR (Financial Reporting Exam)

The purpose of the ACCA FR curriculum is to improve students’ knowledge and proficiency in comprehending IFRS standards and the theoretical underpinnings of financial statement preparation. This involves learning how to evaluate those reports, which may be interpreted in several ways based on the information needs of the companies or the prospects they want to investigate further by doing an analysis right away!

The syllabus for financial reporting moves from easy to difficult ideas. It is predicated on an understanding of financial accounting (FA).

This is developed further by applying it to a variety of study topics and putting them in a real-world setting. Therefore, in addition to being theory-based, be hands-on, and include application tasks at every opportunity! 

ACCA-FR Syllabus 

The conceptual and regulatory framework for financial reporting
  • A conceptual and regulatory framework
  • Conceptual framework: measurement
Accounting for transactions in financial statements
  • Tangible, non-current assets
  • Intangible assets
  • Impairment of assets
  • Non-current assets held for sale and discontinued operations
  • Agriculture and Inventory
  • Financial assets and financial liabilities
  • Foreign currency
  • Revenue
  • Leases
  • Taxation
  • Earnings per share
  • IAS 37 and IAS 10
Analyzing and interpreting the financial statements of single entities and groups
  • Interpretation of financial statements (Ratio Analysis)

Preparation of single-entity financial statements

  • Introduction to published accounts
  • Published financial statements
  • Statement of cash flows
Preparation of consolidated financial statements
  • Principles of consolidated financial statements
  • Consolidated statement of financial position
  • Consolidated statement of profit or loss
  • Associates
  • Group disposals
ACCA FR Exam Structure

A three-hour computer-based test evaluates the course material. Every question is required. In addition,

There will be computational and discursive components to the exam.

  • Section A (30 marks) 15 OTQs * 2 marks each
  • Section B (30 marks) 3 case studies * 5 OTQs in each case study * 2 marks each
  • Section C (40 marks) 2 constructed response questions * 20 marks each

The major arts of ACCA FR involve looking over financial statements. You must be aware of when and how to get ready. We need to look at this issue in detail since you’ll need to know when and how to prepare these documents for an individual or group entity!

The specific question frequently has aspects that are related to several subjects on the syllabus. For example, issues with IAS 1 through IFRS 5 and other standards may come up when creating an entity’s financial statements.

Passing Rates for ACCA Financial Reporting

The ACCA FR exam has pass rates in the 50% range on average. When it comes to FR, students typically do better than with other professional papers. 

Be ready to take your career to the next level with the ACCA-FR course. Enroll at Mirchawala to get the right guidance. We hold a great passing rate, and many ACCA candidates have received effective guidance from our knowledgeable tutors for ACCA Financial Reporting (ACCA FR).

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