ACCA Financial Reporting (FR) 2024-2025 Syllabus

About ACCA Financial Reporting (FR) 2024-2025 Syllabus

The Financial Reporting course, updated for the 2024/25 syllabus, offers an in-depth understanding of how to apply International Financial Reporting Standards (IFRS) in real-world financial reporting scenarios. The course includes comprehensive topic summaries supported by practical examples that make the complex world of financial reporting accessible.

To aid your learning, you'll find explanatory videos that walk you through the preparation and presentation of financial statements for various entities. These are supplemented with downloadable revision notes, giving you convenient, on-the-go resources for exam preparation or professional review.

The course has been meticulously prepared and reviewed by experienced accountants and ACCA examiners, ensuring you're getting top-notch guidance tailored to what’s required in financial reporting today. You’ll gain the skills to prepare statements of cash flows, consolidate financial statements, and navigate disclosure requirements with confidence, while also learning to apply your professional judgment when interpreting and analyzing financial statements​

Whether you're studying for ACCA exams or looking to enhance your financial reporting skills for professional advancement, this course provides everything you need to succeed in mastering both theoretical frameworks and their practical applications.

Key Topics Covered:

Regulatory Environment:

Understanding the role of regulatory bodies in the development of accounting standards.

The conceptual framework for financial reporting.

Financial Statements Preparation:

Preparation of financial statements, including income statements, statements of financial position, and cash flow statements, in accordance with International Financial Reporting Standards (IFRS).

Accounting Standards:

Detailed knowledge and application of specific IFRS, including standards related to revenue recognition, leases, financial instruments, and more.

Interpretation and analysis of financial statements using key ratios and other analytical tools.

Group Financial Statements:

Preparation and presentation of consolidated financial statements for a group of companies.

Accounting for subsidiaries, associates, and joint ventures.

Analysis and Interpretation:

Techniques for analyzing and interpreting financial statements, including ratio analysis.

Use of financial data for decision-making.

Learning Outcomes:

By the end of the course, students should be able to:

Understand the regulatory framework of financial reporting.

Prepare and present financial statements that conform to IFRS.

Interpret financial statements and analyze their performance.

Apply relevant IFRS to practical scenarios in financial reporting.

Understand the principles of group accounting and prepare consolidated financial statements.