ACCA FR Video Lectures

ACCA FR Video Lectures


Previously known as F7 > ACCA FR Video Lectures Free

Day 1

Day 2

Day 3

Day 4

Day 5

Schedule of all days

  • Day 1: Final account
  • Day 2: Consolidation of balance sheet & income statement
  • Day 3: Ratio & trial balance
  • Day 4: MCQs
  • Day 5: MCQs
financial reporting
balance sheet
income statement
financial statement
trial balance
financial statement analysis
annual report
financial accounting
accounting and finance

A discuss and apply a conceptual and regulatory framework for financial reporting

Account for transactions in accordance with international accounting standers

Analyze and interpret Financial Statements

Prepare and present financial statements for single entities and business combinations in accordance with international accounting standers

  • Published company accounts (SFP, SPLOCI, and SOCE)
  • Inventory IAS 2
  • Property Plant Equipment
  • Intangible assets IAS 38
  • Provisions IAS 37
  • Event after Reporting period IAS 10
  • Basic group accounts
  • Statement of cashflow
  • Analysis and interpretation (Ratios)

Resources that students need to avail

  • Our Notes
  • Above free lectures
  • Flashcards
  • Revision videos

IASB Conceptual Framework

The IASB framework provides the underlying rules, conventions, and definitions that the preparation of all financial statements prepared under International Financial Reporting Standers IFRS – ACCA FR Video Lectures

  • Ensure standers developed within a conceptual framework
  • Provide guidance on areas where no standard exists
  • Aids process to improve existing standers
  • Ensure Financial Statements contain information that is useful to, user
  • Help prevent creative accounting
  • The revised IASB Conceptual Framework was issued in March 2018 and the new areas included are as follows
    • Measurement basis
    • Presentation and disclosure
    • nonrecognition
  • Whilst updates have been made to the following
    • Definition of asset/liabilities
    • recognition of assets/liabilities
  • And clarification on
    • Measurement uncertainty
    • Prudence
    • stewardship
    • substance over form

The objective of Financial Reporting

  • Provide information that is useful to existing and potential investors, lenders, and other creditors in the making decision about providing resources to the entity
    The decision made by users will involve:
    • Investment decision
    • Financing decision
    • voting or influencing management actions
  • The users will be assessing the managements stewardship of the entity alongside its prospects for the future, which will require the following information
    • Economic resources of the entity
    • Claims against the entity
    • Change in the entity’s economic resources and claims
    • Efficiency and effectiveness of management

Read More: PM Video Lecture



Similar Posts