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ICAN · Skills

FR B1 Financial Reporting

IFRS Accounting Standards applied: specific transactions, single-entity statements, a simple group with an associate, analysis and interpretation, and the sustainability reporting framework.
FR
Format
Written examination
Duration
3h 15m
Pass mark
50%
Total marks
100
Sessions
May and November diets
Syllabus
2025 syllabus (updated)

Checked against ICAN's own pages on 22 October 2026. HPS re-checks before each session.

Exam structure

100 marks

  1. Section A30

    One compulsory scenario-based question on the core areas of the subject; may integrate two or more syllabus areas.

  2. Section B40

    Three questions of 20 marks each; candidates answer any two.

  3. Section C30

    Three questions of 15 marks each; candidates answer any two.

Now includes ISSB sustainability reporting, limited to IFRS S1 at this level.

VerifiedRecorded from the official pages on 22 October 2026Source 1 Source 2 Source 3
Syllabus navigator
Use the arrow keys or select an area. Areas and sub-areas follow the ICAN 2025 syllabus. Weightings appear only where the examining body publishes them.

Syllabus area A· about 10% of the exam

Conceptual and Legal Frameworks for Financial Reporting

2 sub-areas, as the syllabus lists them. HPS lessons and questions are tagged to these codes, so your Knowledge DNA and revision plan point at the exact sub-area you got wrong.

  • A1Conceptual framework
  • A2Legal framework
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  • Free FR practice is being preparedHPS lecturers are writing exam-style questions for this paper. They appear here, free and without an account, once they are reviewed.

Next sessions

  • November 2026 diet10 Nov 2026 to 12 Nov 2026Verified
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