FR – Financial Reporting

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

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.

   

  
  Overview of the
  Association of Chartered Certified Accountants (ACCA) Programme

   

  SBCS Global Learning institute is an ACCA Approved Learning Partner and Approved Licensed Computer-Based Exam Centre.  We have been teaching the ACCA programme for 37 years and over this period have produced many ACCA Graduates and Prize winners. We are fully equipped to deliver classes online, blended and face to face, so rest assured, that no matter the situation your studies will not be interrupted.

  Our ACCA courses are taught by a team of highly qualified and experienced professionals, who are all superb teachers, and presently includes a partner at one of the big five audit firms and a CEO of a major international bank. Our teaching team and students are supported by our warm and competent ATEC administrators, whose primary focus is ensuring that our students receive a great teaching and learning experience.

  SBCS Global Learning Institute Ltd. offers a world-class ACCA teaching and learning experience that is geared towards you successfully completing your ACCA exams and achieving the prestigious ACCA designation.

   

  January 2025 - June 2025 Semester Class Offerings for ACCA
  

  • Timetable/ Class Schedule

  ACCA course outlines (January 2025)

  Registration is open to all new and continuing SBCS GLI students. Early bird discount of 10% on tuition fees until December 28, 2024.

  All students of the January 2025 semester will be granted nine (9) months access to the SBCS GLI E-Learning (Moodle) platform which will expire on September 30, 2025.

  Click for the ACCA programme registration form

  Click for payment options

   

  July 2025 - December 2025 Semester Classes for the ACCA Programme
  

  • Timetable/ Class Schedule

  ACCA course outline (July 2024)

  All students of the July 2025 semester will be granted nine (9) months access to the SBCS GLI E-Learning (Moodle) platform which will expire on March 30, 2026.

  Click for the ACCA programme registration form

  Click for payment options

   

  The ACCA Study School sessions for the January 2025 semester students will commence on Monday, April 21, 2025, geared towards the June 2025 exam sitting.

  • ACCA & FIA Study School Schedule

  Study School sessions will be hosted Online for the period April/May 2025 period.

  These sessions are open to external students and can be registered for at least two (2) days before the start date.

  • FIA Study School – Cost
  • ACCA Study School – Cost

   

  CBE schedule for FIA papers, ACCA Applied Knowledge papers and the LW - Corporate & Business Law paper.

  • Click for CBE schedule January 2025 - December 2025

  Computer Based Exams must be paid for and proof of payment submitted at least fourteen (14) days in advance of the scheduled exam date.

  Exam confirmation will be given upon receipt of proof of payment.

  Changes to confirmed exam sittings will be done at a cost of $200.00 per exam. (Only one (1) change is allowed per exam.)

  Absolutely no changes will be made seven (7) days before the exam date.

   

  *Click here for payment options

   

  For further information, contact our team at ATEC@sbcs.edu.tt.

   

  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 (BT, 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 (BT – 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.

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  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 near 30 years.
   
  Progression to MBA/MSc: Subject to additional requirements, Heriot-Watt may award a maximum of 4 credit transfers including FDM, AFDM, Mergers & Acquisitions [MQ] and/or Corporate Governance [CG], where the ACCA qualification has been fully completed and required professional papers passed. Please click here for further information.
   
   

   

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  Alumni Voice

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