ACCA Financial Reporting (FR): study notes HPS notes for the current syllabus, area by area, with worked examples and quizzes.

1. 01A. The conceptual and regulatory framework for financial reportingThe foundations of FR: what the IASB's Conceptual Framework says financial statements are for, what makes information useful, how items are recognised and measured, and how IFRS Accounting Standards are made and enforced. The module ends with the concepts behind group accounts (control, fair values at acquisition, goodwill, the non-controlling interest and associates), ready for the preparation work in module 5.5 lessons · 3h 25m+

   • The conceptual framework and the characteristics of useful informationFree preview45 min
   • Recognition and measurement50 min
   • The regulatory framework40 min
   • Groups and consolidated financial statements: the concepts and principles55 min
   • Module 1 quiz15 min
2. 02B. Accounting for transactions (1): assets and financingHow IFRS Accounting Standards treat the assets and the financing in a set of financial statements: property, plant and equipment, borrowing costs and investment property; intangible assets and impairment; inventories and agriculture; financial instruments; and leases. Every lesson works through exam-style calculations, including effective interest tables, a convertible bond split and a full lease liability schedule.7 lessons · 5h 45m+

   • Tangible non-current assets60 min
   • Intangible assets45 min
   • Impairment of assets55 min
   • Inventories and agriculture50 min
   • Financial instruments60 min
3. 03B. Accounting for transactions (2): performance, provisions and revenueThe second half of syllabus area B: provisions and events after the reporting period, current and deferred tax, how performance is reported (IFRS 18, IFRS 5, IAS 8 and earnings per share), revenue under IFRS 15, government grants and foreign currency transactions. Each lesson teaches the standard in plain English, works an exam-style example in full and ends with a quick check, and the module quiz tests all six sub-areas.7 lessons · 4h 40m+

   • Provisions and events after the reporting period45 min
   • Taxation (IAS 12)40 min
   • Reporting financial performance55 min
   • Revenue (IFRS 15)Free preview55 min
4. 04C. Analysing and interpreting financial statementsHow to read financial statements critically: what they cannot tell you, how to calculate and interpret the main ratios for different users, where ratio analysis and comparisons break down, and how to assess charities and public sector bodies that do not exist to make a profit. Each lesson works a full example with the figures and the commentary a marker wants to see.5 lessons · 3h 10m+

   • Limitations of financial statements40 min
   • Ratios and trends for users' needs55 min
   • Limitations of interpretation techniques45 min
   • Not-for-profit and public sector entities35 min
   • Module 4 quiz15 min
5. 05D. Preparation of financial statementsPutting the standards to work: preparing a single company's statement of profit or loss and other comprehensive income, statement of financial position and statement of changes in equity from a trial balance with adjustments, with the structure of a statement of cash flows; then preparing the consolidated statement of financial position and statement of profit or loss for a simple group with a subsidiary and an associate. Both lessons give a method you can repeat under exam conditions and a full worked example that balances.3 lessons · 2h 50m+

   • Preparing single entity financial statements75 min
   • Preparing consolidated financial statements for a simple group80 min
   • Module 5 quiz15 min
6. 06E. Employability and technology skillsThe skills the computer-based FR exam rewards beyond technical knowledge: planning your time, reading requirements precisely, setting out statements and workings in the spreadsheet so a marker can follow them, and writing analysis that earns credit. The module uses IFRS 18 formats throughout and finishes with a quiz on exam technique.2 lessons · 55 min+

   • The computer-based exam: tools, workings and presentation40 min
   • Module 6 quiz15 min

• AThe conceptual and regulatory framework for financial reporting
• BAccounting for transactions in financial statements
• CAnalysing and interpreting the financial statements of single entities and groups
• DPreparation of financial statements
• EEmployability and technology skills

Questions