FR

ACCA Financial Reporting (FR)

Previously Known as F7 ¬ ACCA FR Textures

Books & Revision Kits

• Kaplan F7 FR Study Text
• Kaplan F7 FR Kit
• BPP FR Revision Kit F7
• BPP FR StudyText F7
• BPP FR F7 PASSCARD
• ACCA-FA-F7 Notes

FR Video lectures

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

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

Also, Read
How to pass ACCA FR
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