FR

ACCA Financial Reporting (FR)

Previously Known as F7 ¬ ACCA FR Textures

Miscellaneous Topics

• Petty Cash

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

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FR Video lectures

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

This paper deals with Financial accounting.

The main purpose of this paper is 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
• Disclosure of Financial Statements

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

For Example, a question in the 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 questions will be just a child’s play for you and you will pass this Exam Easily

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FR Paper Pattern

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, it’s 1.8 Minutes per mark.

So we have

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

Exam time allocated 3 Hours
Passing Marks 50

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

Also, Read
How to pass ACCA FR
ACCA Exam Tips

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