ACCA Strategic Business Reporting (SBR-INT): study notes Area by area, with worked examples and quizzes.

1. 01A. Fundamental ethical and professional principlesHow ethics shapes corporate reporting in SBR: the pressures that lead management to misstate, the creative accounting techniques they use and the standards those techniques break, and the duties of a professional accountant under ACCA's Code of Ethics and Conduct. A fully worked covenant scenario shows how to quantify a misstatement and structure the ethical discussion so that it earns marks.2 lessons · 1h 10m+

   • Professional and ethical behaviour in corporate reporting55 min
   • Module 1 quiz15 min
2. 02B. The financial reporting frameworkHow the Conceptual Framework underpins IFRS Accounting Standards, and how to use it as a tool of judgement in SBR: the definitions of the elements, recognition and derecognition, measurement, materiality, and the line between profit or loss and other comprehensive income. The lesson shows how IAS 8 sends you to the Framework when no standard applies, and how to evaluate its strengths and weaknesses with examples from real standards.2 lessons · 1h 10m+

   • The Conceptual Framework: applications, strengths and weaknesses55 min
   • Module 2 quiz15 min
3. 03C. Reporting financial performance (1): revenue, assets, instruments, leases and employeesHow SBR applies IFRS 15 to contract modifications, variable consideration, principal and agent arrangements, licences and contract costs; the non-current asset standards, including impairment of cash-generating units with goodwill, investment property, assets held for sale and grants; IFRS 9 and IAS 32, including expected credit losses and hedge accounting; IFRS 16 lease modifications, lessor accounting and sale and leaseback; and IAS 19 defined benefit plans. Every lesson works through SBR-style scenarios with full workings, journals and the explanation a director needs.6 lessons · 6h+

   • Revenue (IFRS 15)Free preview65 min
   • Non-current assets70 min
   • Financial instruments75 min
   • Leases (IFRS 16)
4. 04C. Reporting financial performance (2): taxes, provisions, share-based payment and disclosureThe second half of syllabus area C at SBR depth: deferred tax in groups and on losses, share options and revaluations; provisions, contingencies and events after the reporting period; share-based payment, including modifications and cancellations; fair value measurement; presentation and disclosure under IFRS 18, including management-defined performance measures, with the SBR points of IAS 33, IFRS 8 and IAS 34; and other reporting issues from government grants and IAS 8 to related parties and the IFRS for SMEs Standard. Each lesson works an SBR-style scenario with full workings, journals and the explanation a director needs, and the module quiz tests all six sub-areas.7 lessons · 6h 5m+

   • Income taxes (IAS 12)60 min
   • Provisions, contingencies and events after the reporting period60 min
   • Share-based payment (IFRS 2)60 min
   • Fair value measurement (IFRS 13)50 min
5. 05D. Financial statements of groups of entitiesGroup accounting at SBR depth: the acquisition method, goodwill under both measures of non-controlling interest, step acquisitions, changes in ownership with and without loss of control, and the consolidated statement of cash flows under IAS 7 as amended by IFRS 18. The module then covers associates, joint operations and joint ventures, and foreign transactions and foreign operations, including the disposal of a foreign subsidiary. Each lesson works a full example through to the explanation a director needs and the ethical point behind it.4 lessons · 4h 5m+

   • Group accounting, including statements of cash flowsFree preview90 min
   • Associates and joint arrangements70 min
   • Foreign transactions and entities70 min
   • Module 5 quiz15 min
6. 06E. Interpreting financial and non-financial informationHow to judge financial and non-financial information as an investor, lender or other stakeholder would: interpreting earnings per share, deciding whether a management-defined performance measure helps or misleads, using operating segment information, and seeing how accounting choices move ratios. The lesson builds on the presentation and disclosure lesson in module 04 for the mechanics, covers the quality of management commentary and sustainability information, and works a full example through to the advice and ethical point a board needs.2 lessons · 1h 25m+

   • Analysis, interpretation and performance measurement70 min
   • Module 6 quiz15 min
7. 07F. Changes and potential changes in accounting regulationHow to discuss current issues in SBR: what adopting a new standard such as IFRS 18 or IFRS 19 means in practice, how existing standards apply to climate change, natural disasters, global events and digital assets, and what digital reporting changes for preparers and users. The lesson also covers IFRS S1 and IFRS S2 and their key differences from the European standards, and shows how to stay current through the IASB's work plan and ACCA's examinable documents.2 lessons · 1h 20m+

   • Current issues in financial reporting65 min
   • Module 7 quiz15 min
8. 08G. Employability and technology skillsThe skills the SBR exam rewards beyond technical knowledge: budgeting your time across the two sections, reading requirements precisely, explaining each treatment through its principle, application and effect, and laying out adjustments to consolidated statements in the spreadsheet so that every figure can be followed. The lesson explains the four professional skills marks as ACCA describes them and finishes with a model answer to a typical group adjustment with an ethical issue.2 lessons · 1h 5m+

   • The SBR exam: workings, discussion and professional marks50 min
   • Module 8 quiz15 min

• AFundamental ethical and professional principles
• BThe financial reporting framework
• CReporting the financial performance of a range of entities
• DFinancial statements of groups of entities
• EInterpret financial and non-financial information for different stakeholders
• FThe impact of changes and potential changes in accounting regulation
• GEmployability and technology skills

Questions