ACCA Financial Reporting (FR)
Previously Known as F7 ¬ ACCA FR Textures
Miscellaneous Topics
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 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
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 believe exam questions will be just a child’s play for you and you will pass this Exam Easily
FR Paper Pattern
- Section A: 15 Objective Test Questions, 2 Marks each 30Marks)
- Section B: 3 OT Case Questions. Each case contains 5 OT Questions (30Marks)
- 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
ACCA FR Syllabus 2023
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