1. ACCA F7 Financial Reporting
Barry Smith
Barry Smith

2. 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

3. 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

4. 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.

5. 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.

6. Web: Phone: