ACCA paper f 7 financial reporting F7FR(Int)SOverview d08

FINANCIAL REPORTING (F7) – STUDY OVERVIEW Module INTRODUCTORY PHASE Study System Session Subjects to be covered 20 Group accounts – Basic principles: – Consolidated statement of financial position 21 Group accounts – Cosmetic adjustments: – Consolidated statement of financial position 22 Group accounts – Further adjustments: – Consolidated statement of financial position 23 Group accounts: – Consolidate statement of comprehensive income 10 IAS 17 – Leases 15 IAS 11 – Construction contracts 17 IAS 12 – Income taxes MONITORING TEST (1½ hours) INTERMEDIATE PHASE 1 GAAP and the IASB Framework Substance over form IAS – Presentation of financial statements IAS – Accounting Policies, Changes in Accounting Estimates and Errors IAS 18 – Revenue IAS 16 – Property, plant and equipment IAS 23 – Borrowing costs 11 IAS 38 – Intangible assets 12 IAS 40 – Investment properties 13 IAS 36 – Impairment of assets 14 IAS – Inventories 16 IAS 37 – Provisions, contingent liabilities and contingent assets 18 Financial instruments 19 Group accounts – Regulatory framework 24 IAS 28 – Investments in Associates 26 IAS – Statement of cash flows 27 IAS 33 – Earnings per share 28 IFRS – NCA Held for sale and discontinued operations 29 IAS 10 – Events after the reporting period MONITORING TEST (1½ hours) FINANCIAL REPORTING (F7) – STUDY OVERVIEW Module INTERMEDIATE PHASE REVISION PHASE Study System Session Subjects to be covered IAS 20 – Accounting for government grants & disclosure of government assistance 25 Analysis and interpretation You should also concentrate on practising questions It is important that all of the Study System has been fully covered by this stage Key areas of the syllabus must be reviewed together with any relevant articles from the Student Accountant Emphasis to be placed on examination style question practice MOCK EXAM(s) (3 hours) .. .FINANCIAL REPORTING (F7 ) – STUDY OVERVIEW Module INTERMEDIATE PHASE REVISION PHASE Study System Session Subjects to be covered IAS 20 – Accounting for government grants & disclosure of government... questions It is important that all of the Study System has been fully covered by this stage Key areas of the syllabus must be reviewed together with any relevant articles from the Student Accountant