Financial Reporting (FR)

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OVERVIEW

Course Overview

Financial Reporting (FR) provides you with the skills required to apply accounting standards and the conceptual framework in the preparation of financial statements and how to analyse and interpret those financial statements.

The FR paper is a step up from the double entry bookkeeping learned in the Financial Accounting course and is a link leading to Strategic Business Reporting. This is a structured course with content to cover the entire syllabus, unlimited CBE practice questions, and 24/7 tutor support.

The FR exam is split into three sections:

Section A (30 marks) – 15 objective test (OT) questions, each worth 2 marks

Section B (30 marks) – Three OT cases with five OT questions worth 2 marks each, 10 marks per case

Section C (40 marks) – Two scenarios which relate to one or more requirement(s)

The Learnsignal guide to passing Financial Reporting:

Study with an Approved Learning Partner
Study the whole syllabus
Ensure you understand methods rather than just focus on how to do the calculations
Practice exam style CBE questions, to time
Develop your skills in answering constructed response questions
Attempt at least two full exams under exam conditions, with feedback

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