ACCA F7 Financial Reporting Barry Smith Barry Smith

Paper Aims/Objectives 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 2

Learning Outcomes Upon completion of this subject students should be able to: Discuss and apply a conceptual framework for financial reporting Discuss a regulatory framework for financial reporting Prepare and present financial statements which conform with International accounting standards Account for business combinations in accordance with International accounting standards Analyse and interpret financial statements

Assessment The syllabus is assessed by a three hour paper-based examination. All questions are compulsory. It will contain both computational and discursive elements. Some questions will adopt a scenario/case study approach.

Reading List Students studying ACCA subjects F1, F2, F3, F5, F7, F8, F9, P1, P2 & P3, can purchase their books and study aids from Kaplan Publishing. IBAT College students can also avail of a 30% discount with KAPLAN. Students studying ACCA subjects F4 and F6, will be able to purchase the core texts directly from IBAT College.

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