FR

ACCA Financial Reporting (FR)

Previously Known as F7 ¬ ACCA FR Textures

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Financial Reporting FR (F7) is the 7th paper of ACCA & and the advanced level of FA (F3).

ACCA FR Relation with other papers of ACCA
ACCA FR Relation with other papers of ACCA

This paper deals with the Financial accounting.

The main purpose of this paper to build capabilities & skills in applying International Accounting Standards and theoretical framework. and interpretation of Financial Statements

Financial Statements

  • Statement of Financial Position (Balance sheet)
  • Income Statement
  • Statement of cash flow
  • statement of changes in equity
  • Diclouser to Financial Statements

FA is mainly calculation based paper- Examiner wants you to apply standers on different scenarios which are given in exam paper

For Example, a question in exam is from IFRS 16, So for the most problem examiner with the check, your knowledge and application of this stander as technically as He/She can.

But if you have a full grip on International Accounting Standers And IFRS, Then belive exam question will be just a child play for you and you will pass this Exam Easily


FR Paper Pattren

  1. Section A: 15 Objective Test Questions, 2 Marks each 30Marks)
  2. Section B: 3 OT Case Questions. Each cash contains 5 OT Questions (30Marks)
  3. Section C: 2 Constructed Response Questions, 15Marks each (40 Marks)
    • Interpretation of Financial Statements
    • Preparation of Financial Statements (Individual or Group)

If we calculate time per mark, its 1.8 Minutes per mark.

So we have

  • 54 Minutes total for section A
  • 18 Minutes for each questions in section B
  • 36 Minutes for each question in section C

Exam time allocated 3 Hours
Passing Marks 50


ACCA FR Syllabus 2021

The Conceptual and Regulatory framework for Financial Reporting

  • Property Plant Equipment
  • Intangible Assets
  • Inventory
  • Biological Assets
  • Impairment of assets
  • Financial instrument
  • leasing
  • Provision and event after the reporting period
  • taxation
  • Reporting Financial Performance
  • Revenue
  • Government Grant
  • Foreign Currency transaction

FR Pass Rate

Dec 2017Jun 2018Dec 2018Jun 2018Dec 2019
49%50%51%50%46%

Also, Read
How to pass ACCA FR
ACCA Exam Tips


7 thoughts on “FR”

  1. I have a few inquiries to make regarding my eligibility to sit for exams in the ACCA Qualification. I hope you answer.

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