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Financial Reporting
You’ll develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements.
2 Hours
50/100
Online
Mar|Jun|Sep|Dec
ACCA FR Syllabus
A. The conceptual and regulatory framework for financial reporting
- The need for a conceptual framework and the characteristics of useful information
- Recognition and measurement
- Regulatory framework
- The concepts and principles of groups and consolidated financial statements
B. Accounting for transactions in financial statements
- Tangible non-current assets
- Intangible assets
- Impairment of assets
- Inventory and biological assets
- Financial instruments
- Leasing
- Provisions and events after the reporting period
- Taxation
- Reporting financial performance
- Revenue
- Government grants
- Foreign currency transactions
C. Analysing and interpreting the financial statements of single entities and groups
- Limitations of financial statements
- Calculation and interpretation of accounting ratios and trends to address users’ and stakeholders’ needs
- Limitations of interpretation techniques
- Not-for-profit, and public sector entities
D. Preparation of financial statements
- Preparation of single entity financial statements
- Preparation of consolidated financial statements including an associate
E. Employability and technology skills
- Use computer technology to efficiently access and manipulate relevant information
- Work on relevant response options, using available functions and technology as would be required in the workplace
- Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
- Present data and information effectively, using the appropriate tools
ACCA FR Paper Pattern
Section A (30 marks)
Section B (30 marks)
Section C (40 marks)
15 Objective Test Questions (OTQ’s) x 2 marks each
3 case studies * 5 OTQ’s in each case study x 2 marks each
2 Constructed Response Questions x 20 marks each
ACCA FR Coaching with a Difference
We often get 100/100 marks for the student-friendly approach
Interactive Study Lectures
Revision Tests and Mock Exams
Recorded Revision Sessions
Doubt Solving Bootcamps
1:1 Mentorship and Support
100% Placement Assistance
Modes of Learning
ACCA Classroom Coaching. Redefined.
- World Class Infrastructure
- Expert Tutors
- Hands on Learning
- Rigorous Assessments
- One on One Mentoring
- Revision & Doubt Solving Bootcamps
- Synthesis eCampus
- Systematic Student Progression
- 100% Placement Assistance
ACCA Live Online Courses. Redefined.
- Live Study Lectures
- Expert Tutors
- Rigorous Assessments
- Regular Mentoring
- Revision & Doubt Solving Bootcamps
- Synthesis eCampus
- Revision Video Lectures
- 100% Placement Assistance
ACCA Self-paced Online Courses. Redefined.
- Video Lectures
- Progress Tests
- Energisers
- Practice Tutorials
- Personalised Study Plan
- Kaplan Content
- Full Pass Guarantee
- Study Anytime, Anywhere
- PC, Tablet, & Phone Compatible
- ACCA Approved
Your ACCA Journey
Knowledge Level
Skills Level
Professional Level
- Essentials
- Strategic Business Reporting - INT (SBR-INT)
- Strategic Business Reporting - UK (SBR-UK)
- Strategic Business Leader (SBL)
- Optional (any 2)
- Advanced Financial Management (AFM)
- Advanced Performance Management (APM)
- Advanced Taxation (ATX)
- Advanced Audit & Assurance (AAA)
Frequently Asked Questions
We know you're excited, and with lots of questions to get started with ACCA FR Course
Which paper is FR in ACCA?
In the ACCA (Association of Chartered Certified Accountants) qualification, “FR” stands for Financial Reporting. It is one of the skills level papers that covers the principles and practices of financial accounting and reporting. FR focuses on the preparation of financial statements in accordance with International Financial Reporting Standards (IFRS), including the interpretation and analysis of financial statements. In general, the global pass rates of this paper range between 47%-51%.
Is ACCA F7 difficult?
The difficulty of ACCA Financial Reporting (FR) exam can vary depending on the individual. It requires a comprehensive understanding of financial reporting standards (IFRS), analysis and interpretation. Some candidates may find it challenging due to its vast syllabus. However, with proper preparation, practice, and a strong grasp of the syllabus, many students have successfully passed the exam. In general, the global pass rate for this paper is between 47 – 51%
How long is the ACCA FR exam?
ACCA FR exam has a duration of 3 hours and additional 10 minutes to read exam instructions. It is a Computer based exam (CBE) which consists of multiple choice questions and case studies.
What is the ACCA level F7?
In the ACCA (Association of Chartered Certified Accountants) qualification, “FR” stands for Financial Reporting. It is one of the skills level papers that covers the principles and practices of financial accounting and reporting. FR focuses on the preparation of financial statements in accordance with International Financial Reporting Standards (IFRS), including the interpretation and analysis of financial statements. In general, the pass rates of this paper range between 47%-51%.
How to study for FR ACCA?
Candidates can follow these strategies to effectively plan their FR studies : 1. Understand the syllabus thoroughly. 2. Review past exam questions and examiners’ reports. 3. Allocate sufficient time for studying and revision. 4. Practice solving a variety of questions. 5. Take mock exams to simulate the real exam environment. 6. Focus on comprehension and application of accounting principles rather than memorization. 7. Stay organized, manage your time effectively, and maintain a disciplined study routine.
Is ACCA FR tough?
The difficulty of ACCA Financial Reporting (FR) exam can vary depending on the individual. It requires a comprehensive understanding of financial reporting standards (IFRS), analysis and interpretation. Some candidates may find it challenging due to its vast syllabus. However, with proper preparation, practice, and a strong grasp of the syllabus, many students have successfully passed the exam. In general, the global pass rate for this paper is between 47 – 51%
How long is FR ACCA exam?
ACCA FR exam has a duration of 3 hours and additional 10 minutes to read exam instructions. It is an Online Exam which consists of multiple choice questions and case studies.
Is financial reporting ACCA hard?
The difficulty of ACCA Financial Reporting (FR) exam can vary depending on the individual. It requires a comprehensive understanding of financial reporting standards (IFRS), analysis and interpretation. Some candidates may find it challenging due to its vast syllabus. However, with proper preparation, practice, and a strong grasp of the syllabus, many students have successfully passed the exam.
How do you pass f7 in first attempt?
To increase your chances of passing F7 (Financial Reporting) in your first attempt, it’s essential to follow these strategies: 1. Understand the syllabus thoroughly. 2. Review past exam questions and examiners’ reports. 3. Allocate sufficient time for studying and revision. 4. Practice solving a variety of questions. 5. Take mock exams to simulate the real exam environment. 6. Focus on comprehension and application of accounting principles rather than memorization. 7. Stay organized, manage your time effectively, and maintain a disciplined study routine.
What is F7 vs F9 in ACCA?
In ACCA, “FR” stands for Financial Reporting, which focuses on the principles and practices of financial accounting and reporting, its analysis and interpretation. “FM” refers to Financial Management, covering areas like investment appraisal, working capital management, and risk management. It equips learners with skills related to financial decision-making and the efficient allocation of resources. Both are core papers, equipping learners with skills for financial decision-making.
