Course Brief

The Financial Reporting syllabus aims to 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.

The financial reporting syllabus assumes knowledge acquired in Financial Accounting (FA) ,and develops and applies this further and in greater depth.
 
The syllabus begins with the conceptual framework for financial reporting with reference to the qualitative characteristics of useful information and the fundamental bases of accounting introduced in the Financial Accounting (FA) syllabus within the Knowledge module. It then moves into a detailed examination of the regulatory framework of accounting and how this informs the standard setting process.
 
The main areas of the syllabus cover the reporting of financial information for single companies and for groups in accordance with generally accepted accounting principles and relevant accounting standards.
 
Finally, the syllabus covers the analysis and interpretation of information from financial reports.

  • This course is offered in 70 hours

On successful completion of this paper candidates
should be able to:

  • Discuss and apply a conceptual and regulatory frameworks for financial reporting. 
  • Account for transactions in accordance with International accounting standards. 
  • Analyse and interpret financial statements.
    D Prepare and present financial statements
    for single entities and business combinations in
    accordance with International accounting
    standards

Course Content

  • A conceptual and regulatory framework for financial reporting.
  • Accounting for transactions in financial statements.
  • Analysing and interpreting financial statements.
  • Preparation of financial statements.

The syllabus is assessed by:

  • A three-hour examination available in both computer-based and
    paper-based formats. *
    *For paper-based exams there is an extra 15 minutes to reflect the manual effort required. 
  • All questions are compulsory. It will contain both computational and discursive elements. 
  • Some questions will adopt a scenario/case study approach. 
  • Section A of the exam comprises 15 objective test questions of 2 marks each.
    Section B of the exam comprises three 10 mark case-based questions. Each case has five objective test questions of 2 marks each.
    Section C of the exam comprises two 20 mark questions.
  • The Financial Reporting syllabus aims to 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.

    The financial reporting syllabus assumes knowledge acquired in Financial Accounting (FA) ,and develops and applies this further and in greater depth.
     
    The syllabus begins with the conceptual framework for financial reporting with reference to the qualitative characteristics of useful information and the fundamental bases of accounting introduced in the Financial Accounting (FA) syllabus within the Knowledge module. It then moves into a detailed examination of the regulatory framework of accounting and how this informs the standard setting process.
     
    The main areas of the syllabus cover the reporting of financial information for single companies and for groups in accordance with generally accepted accounting principles and relevant accounting standards.
     
    Finally, the syllabus covers the analysis and interpretation of information from financial reports.
  • The Association of Chartered Certified Accountants (ACCA)

    The Association of Chartered Certified Accountants (ACCA) offers a professional qualification, which has been recognised and respected across the world for over 100 years. ACCA is currently the largest British accountancy body with over 180,000 members and 480,000 students in 181 countries.

    January - June 2019 Semester Schedules for ACCA (Champs Fleurs):

    *Click for more information on BPP / SBCS Blended Learning

    ACCA Course Outlines/ Lecture Sequences for the January - June 2019 Semester (Champs Fleurs)

    ACCA Course Outlines/ Lecture Sequences for the January - June 2019 Semester (San Fernando)


    Collect more Certifications along your journey towards ACCA Membership!

    Gain a Diploma in Accounting and Business when you pass the first three exams of the ACCA Qualification Applied Knowledge modules (AB, MA and FA), and the Foundations in Professionalism (FIP) ethics module.

    An Advanced Diploma in Accounting and Business can also be achieved by successfully completing all exams in the  ACCA Applied Knowledge and ACCA Applied Skills exams (AB – FM) of the ACCA programme and the Ethics and Professional Skills module.

    Completion of the Advanced Diploma and successful completion of the Strategic Professional exams (SBL - Strategic Business Leader, SBR - Strategic Business Reporting and two option modules) will allow you to become an ACCA affiliate.

    As part of your journey to becoming a qualified ACCA member, you will be required to complete the Ethics and Professional Skills Module which supplements your technical knowledge of the programme by helping to develop ethical and professional behaviours. You must also demonstrate relevant skills and experience within a real work environment. This is what the PER (Practical Experience Requirement) is all about.

    Get a BSc (Hons) degree in Applied Accounting at the same time as becoming a qualified accountant through ACCA’s partnership with Oxford Brookes University (OBU). This is the perfect way to gain an extra qualification without doubling your workload. Having this degree with an ACCA qualification is a powerful combination of qualifications, which puts you in demand with employers, and increases your career prospects.

    To achieve this, you need to:

    • Pass your ACCA Qualification exams
    • Pass the Ethics and Professional Skills Module
    • Submit a research and analysis project.

    Expand your potential; go beyond ACCA!

    ACCA members can seamlessly progress to one of our Edinburgh Business School, Heriot-Watt University MBA or MSc programmes, which we have been offering for over 24 years.

    ACCA members can gain a fast-track entry through free-of-charge credit transfer and exemption when they matriculate for the MSc in Financial Management or the MBA programme offered by Edinburgh Business School, Heriot-Watt University.

    Entitlement to credit transfer or exemption will be assessed on an individual basis. A maximum of four exemptions from the nine-module programme may be available.


    Alumni Voice

    Don't just take our word for it; read what our graduates have to say about pursuing ACCA at SBCS!