Course Brief

The financial reporting syllabus assumes knowledge acquired in Paper F3, Financial Accounting, and develops and applies this further and in greater depth.   The syllabus begins with the conceptual framework of accounting with reference to the qualitative characteristics of useful information and the fundamental bases of accounting introduced in the Paper F3 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

  • A conceptual framework for financial reporting
  • A regulatory framework for financial reporting
  • Financial statements
  • Business combinations
  • Analysing and interpreting financial statements