Presentation on theme: "ACCA F7 Financial Reporting"— Presentation transcript:
1 ACCA F7 Financial Reporting Barry SmithBarry Smith
2 Paper Aims/Objectives To develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups, and how to analyse and interpret those financial statements2
3 Learning OutcomesUpon completion of this subject students should be able to:Discuss and apply a conceptual framework for financial reportingDiscuss a regulatory framework for financial reportingPrepare and present financial statements which conform with International accounting standardsAccount for business combinations in accordance with International accounting standardsAnalyse and interpret financial statements
4 AssessmentThe syllabus is assessed by a three hour paper-based examination.All questions are compulsory. It will contain bothcomputational and discursive elements.Some questions will adopt a scenario/case studyapproach.
5 Reading ListStudents studying ACCA subjects F1, F2, F3, F5, F7, F8, F9, P1, P2 & P3, can purchase their books and study aids from Kaplan Publishing. IBAT College students can also avail of a 30% discount with KAPLAN.Students studying ACCA subjects F4 and F6, will be able to purchase the core texts directly from IBAT College.