ACCA FR (F7) Financial Reporting

ACCA FR - Course Overview

You'll 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 statements.

ACCA FR (F7) is the first exam paper which introduces to you with financial reporting under IFRS. This paper also becomes
very important as this forms your foundation for the ACCA SBR Strategic Business Reporting which is the next most important paper
within ACCA syllabus for financial reporting.

An important factor in ACCA FR exam success is the underpinning knowledge from Financial Accounting (FA)
To help you get the best possible start to your studies, we have added relevant lectures from our ACCA FA (F3) syllabus
on your ACCA FR page.

Lecture Videos

Comprehensive yet easy-to-understand lecture videos provide complete coverage of the exam syllabus.

Practice Question Videos

Videos for exam questions from practice kit and previous exam questions. Explanations are included for all answer.

Short Notes

Our exam focused short notes are up to date and well prepared by our experts. These notes are a best for exam revision.

Online Quizzes & Mocks

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Course Curriculum

Free Pre Views
5 Lessons
- IAS 16 and IAS 40 Comparison (36:55)
  Preview
- IFRS 16 - Calculating Lease Liability (35:47)
  Preview
- IFRS 16 - Leasing Questions (39:46)
  Preview
- Consolidation - Unrealized Profit - PUP (14:10)
  Preview
- Interpretation of FS - Kit Q 223 - Woodbank Co (56:30)
  Preview
Books and Resources
3 Lessons
- ACCA FR BOOKS
  Start
- ACCA FR Short Notes
  Start
- ACCA FR - Study Plan
  Start
Revision Topics from ACCA F3
7 Lessons
- IAS 2 - Inventories
  Start
- IAS 16 - Tangible Non Current Assets
  Start
- IAS 37 - Provisions and Contingencies
  Start
- IAS 38 - Intangible Non Current Assets
  Start
- Consolidated Financial Statements - Introduction - ACCA F3
  Start
- Consolidated SOFP
  Start
- Consolidated SOCI
  Start
Conceptual Framework and Regulatory Framework
7 Lessons
- 1. Conceptual Framework (23:44)
  Start
- 2. Conceptual Framework - Scope (13:54)
  Start
- 3. Qualitative Characteristics of Financial Information (11:27)
  Start
- 4. Elements of Accounting (1:05:35)
  Start
- 5. Statement of Comprehensive Income (38:21)
  Start
- 6. Statement of Financial Position SOFP (36:11)
  Start
- Quiz - Conceptual Framework
  Start
IFRS 15 - Revenue from Contracts with Customers
13 Lessons
- 1. Overview of IFRS 15 (11:15)
  Start
- 2. Revenue Recognition Citeria (38:25)
  Start
- 3. Revenue Recognition Citeria Continued (45:03)
  Start
- 4. Discount Allocation Example (27:37)
  Start
- 5. Right to Refund Example (16:41)
  Start
- 6. Variable Consideration Example (17:28)
  Start
- 7. Financing Component (19:33)
  Start
- 8. Questions BPP MCQ (31:02)
  Start
- 9. Revenue Questions with Explanation (24:25)
  Start
- 10. Questions from BPP Kit Service Revenue and Discount Allocation (15:55)
  Start
- 11. BPP Kit Questions - 1 (42:31)
  Start
- 12. BPP Kit Questions - 2 (28:14)
  Start
- Quiz - Theory - IFRS 15
  Start
IAS 16 - Property Plant and Equipment
6 Lessons
- 1. Recognition and Initial Measurement (44:04)
  Start
- 2. Subsequent Measurement (18:24)
  Start
- 3. Revaluations and Disposals (37:29)
  Start
- 4. Question and Discussion (24:35)
  Start
- 5. IAS 16 and IAS 36 Questions (1:23:44)
  Start
- Quiz - IAS 16 Property plant and Equipment
  Start
IFRS 13 - Fair Value
3 Lessons
- 1. Fair Value Lecture (54:26)
  Start
- 2. Fair Value - Questions (15:59)
  Start
- Quiz - IFRS 13 Fair Value
  Start
IAS 40 - Investment Property
5 Lessons
- 1. IAS 40 Investment Property (31:39)
  Start
- 2. IAS 16 and IAS 40 Comparison (36:55)
  Start
- 4. IAS 16 and IAS 40 MCQs (36:22)
  Start
- Quiz - Theory - IAS 40 Investment Property
  Start
- Quiz - Calculation - IAS 40 - Investment Property
  Start
IAS 36 - Impairment of Assets
7 Lessons
- 1. Impairment (33:20)
  Start
- 2. Imapirment of Assets - Impairment Signs (41:03)
  Start
- 3. Recap and Reversal of Impairment (1:04:04)
  Start
- 4. Cost of Capital (33:52)
  Start
- 5. Compounding and Discounting (21:43)
  Start
- 6. Discounted Cash Flow (DCF) and Net Present Value (20:38)
  Start
- Quiz - Theory - IAS 36
  Start
IAS 38 - Intangible Non Current Assets
4 Lessons
- 1. Intangible Non Current Asset (44:50)
  Start
- 2. Questions and Solutions - IAS 16 - IAS 38 (26:08)
  Start
- 3. Goodwill under IFRS 3 (23:10)
  Start
- Quiz - Theory - IAS 38 Intangible Assets
  Start
IAS 37 - Provisions and Contingent Liabilities
7 Lessons
- 1. Introduction to Provisions (36:14)
  Start
- 2. Calculation of Provision and Finance Cost (19:37)
  Start
- 3. Provisions for Restructuring (18:35)
  Start
- 4. Provision and Reserve (03:43)
  Start
- 5. Provision for Restructuring Question (09:08)
  Start
- Quiz - Theory - IAS 37 - Provisions and Contingent Assets and Contingent Liabilities
  Start
- Quiz - Calculation - IAS 37 - Provisions and Contingent Assets and Contingent Liabilities
  Start
IAS 23 - Borrowing Cost
3 Lessons
- 1. Borrowing Costs - 1 (23:29)
  Start
- 2. Borrowing Costs - 2 (05:6)
  Start
- Quiz - Theory - IAS 23 Borrowing Cost
  Start
IAS 20 - Government Grants Lecture
3 Lessons
- 1. IAS 20 - Government Grants Lecture (16:03)
  Start
- 2. IAS 20 - Government Grants - Compliance of Conditions (04:42)
  Start
- Quiz - Theory - IAS 20 Government Grants
  Start
IAS 10 - Events after the Reporting Period
2 Lessons
- IAS 10 - Events After The Reporting Period (28:39)
  Start
- Quiz - IAS 10 - Events After the Reporting Periods
  Start
IAS 12 - Tax
8 Lessons
- 1. Tax - Lecture - 1 (23:42)
  Start
- 2. Tax - Lecture - 2 (11:51)
  Start
- 3. Tax - Lecture - 3 (27:47)
  Start
- 4. Tax Quick Recap (21:28)
  Start
- 6. Tax - Questions With Solutions 1 (23:22)
  Start
- 7. Tax - Questions With Solutions - 2 (38:22)
  Start
- Quiz - Calculation - IAS 12 Tax
  Start
- Quiz - Theory - IAS 12 Tax
  Start
IFRS 16 - Leases
7 Lessons
- 1. Leases (01:14:14)
  Start
- 2. Calculating Lease Liability (35:47)
  Start
- 3. Leases Discussion (21:13)
  Start
- 4. Leases - BPP MCQ (29:41)
  Start
- 5. Sale and Lease Back Question (31:56)
  Start
- 6. Leasing Questions (39:46)
  Start
- Quiz - Theory - IFRS 16 Leases
  Start
IFRS 9 - Financial Instruments
10 Lessons
- 1. Financial Instruments Introduction (17:57)
  Start
- 2. Derivatives (01:03:22)
  Start
- 3. Equity and Liability (29:17)
  Start
- 4. Recognition and Derecognition (19:19)
  Start
- 5. Amortised Cost (18:45)
  Start
- 6. Classification of Fin Assets And Fin Liabilities (43:18)
  Start
- 7. Classification of Financial Liabilities (15:20)
  Start
- 8. Measurement of Financial Assets and Liabilities (25:22)
  Start
- 9. Compound Financial Instruuments (15:57)
  Start
- 10. IFRS 9 - MCQ - Part 1 (20:25)
  Start
Consolidated Financial Statements - 1
12 Lessons
- 1. Consolidated Financial Statements - Introduction 1 (40:24)
  Start
- 2. Consolidated FS - Introduction 2 (23:08)
  Start
- 3. Consolidated FS - Net Assets and Goodwill (27:30)
  Start
- 4. Consolidated FS - Consideration (06:27)
  Start
- 5. Consolidated FS - Consideration (49:59)
  Start
- 6. Consolidation - Markup and Margin (10:44)
  Start
- 7. Consolidation - Unrealized Profit - PUP (14:10)
  Start
- 8. Consolidation - NCI Valuation Methods (12:33)
  Start
- 9. Consolidated SOFP F7 - Q 306 - Party Co (56:17)
  Start
- 10. Intra Group Sale of Assets, Interests and Dividends (15:01)
  Start
- 11. Income Statement Introduction (24:23)
  Start
- 12. Income Statement MCQs (22:23)
  Start
Consolidated Financial Statements - 2
18 Lessons
- 1. Q 303 Tyson Co - SOCI (37:47)
  Start
- 2. Consolidated SOFP MCQ Part 1 (21:56)
  Start
- 3. Consolidated SOFP MCQ Part 2 (34:18)
  Start
- 4. Consolidated SOFP MCQ 234.235.236.237 (45:25)
  Start
- 5. Consolidated SOFP MCQ 238-239-240 (25:00)
  Start
- 6. Consolidated SOFP - NCI Valuation and Goodwill (09:23)
  Start
- 7. Consolidated SOFP BPP Q305 Part 1 (41:46)
  Start
- 8. Consolidated SOFP BPP Q305 Part 2 (34:45)
  Start
- 9. Consolidated SOFP - Fair Value Adjustment (11:09)
  Start
- 10. Consolidated SOCI - BPP MCQ 243.244.245.246 (21:20)
  Start
- 11. Consolidated SOCI - BPP MCQ 239. 242. 243 (23:58)
  Start
- 12. Consolidated SOCI Long Question. BPP Q. No 300 (49:59)
  Start
- 13. Consolidated Profit and Loss BPP Q 299 - Viagem (36:45)
  Start
- 14. Consolidated SOFP Q 119 - Pedantic (54:42)
  Start
- 15. Consolidated SOFP BPP Q 120 - Highveldt (59:37)
  Start
- 16. IAS 28 - Investment in Associates and Joint Ventures (29:32)
  Start
- 17. Mock 1 BPP Kit - Consolidated SOFP
  Start
- 18. Consolidated SOFP Q 297 Paradigm
  Start
IAS 33 - Earnings Per Share
6 Lessons
- 1. Introduction to EPS (21:03)
  Start
- 2. Types of Shares and Calculation of EPS (56:03)
  Start
- 3. Recap - Wighgted Average Shares and Bonus Factor (07:40)
  Start
- 4. Diluted EPS (45:10)
  Start
- Quiz - Calculation - IAS 33 Earnings Per Share (EPS)
  Start
- Quiz - Theory - IAS 33
  Start
Miscellaneous Standards
9 Lessons
- IAS 2 Inventories (26:45)
  Start
- IAS 41 - Biological Assets (13:09)
  Start
- Quiz - IAS 41 Biological Assets
  Start
- IAS 8 - Changes in Accounting Policies, Estimates and Errors (40:19)
  Start
- Quiz - IAS 8 Changes in Accounting Policies and Estimates
  Start
- IAS 21 - Foreign Exchange (59:00)
  Start
- Quiz - Theory - IAS 21 Foreign Exchange
  Start
- IFRS 5 - Non Current Assets Held for Sale and Discontinued Operations (28:52)
  Start
- Quiz - Calculation - IFRS 5
  Start
IAS 7 - Statements of Cash Flows
7 Lessons
- 1. Knowledge From ACCA F3 - Four Videos Inside
  Start
- 2. Cash Flow Lecture F7 (01:07)
  Start
- 3. Cash Flow Short Questions BPP (37:24)
  Start
- 4. Statement of Cash Flow Long Question - Dickson (59:04)
  Start
- 5. Statement of Cash Flow Long Question (1:46:39)
  Start
- Quiz - Calculation - IAS 7 Statement of Cash Flows
  Start
- Quiz - Theory - IAS 7 Statement of Cash Flows
  Start
Interpretation of Financial Statements
12 Lessons
- 1. Presentation of Published Financial Statements - SOFP (11:18)
  Start
- 2. Presentation of Financial Statements - SOCI (38:43)
  Start
- 3. Presentation of Financial Statements - Statement of Changes in Equity (4:43)
  Start
- 4. Interpretation of Accounting Ratios and Trends - Lecture (41:30)
  Start
- 5. Interpretation of Financial Statements Techniques (03:46)
  Start
- 6. Interpretation Question Sept - Dec 2019 (1:40:20)
  Start
- 7. Interpretation Question with Solution - Mar June 2019 - Part 1 (1:09:43)
  Start
- 8. Interpretation Question with Solution - Mar June 2019 - Part 2
  Start
- 9. Interpretation of FS - Kit Q 223 - Woodbank Co (56:30)
  Start
- 10. Perkins Co - Part 1 Discussion (12:17)
  Start
- 11. Perkins Co - Part 2 Solution (54:30)
  Start
- 12. Mar June 2021 Exam Question (1:10:29)
  Start
Final Accounts - Single Company Financial Statements
4 Lessons
- Single Company SOCI - Q311 Moby Co (1:09:35)
  Start
- Single Company SOFP and Profit and Loss - Fresco (1:10:25)
  Start
- Single Company FS - Fesco Co - (1:14:25)
  Start
- Limitation of Financial Statements and Interpretation Techniques (53:39)
  Start
Other Issues
4 Lessons
- Limitation of Financial Statements and Interpretation Techniques (43:39)
  Start
- Accounting for Inflation - Part 1 (22:46)
  Start
- Accounting for Inflation - Part 2 (22:04)
  Start
- Specialized, Not for Profit and Public Sector Entities
  Start
Final Mock
1 Lesson
- F7 Mock
  Start

Course Pricing

ACCA FR (F7) - Financial Reporting - Sept 2023

$120 USD

Complete Learning Pack
- Access until Sept 2023 Attempt
- Detailed video lectures on complete syllabus
- Video lectures for exam questions and solutions
- Exam focused short notes
- Online time constrained quizzes with solutions
- Regular update on materials
- Final mock exam

Buy Now

ACCA FR (F7) - Financial Reporting - Dec 2023

$160 USD

Complete Learning Pack
- Access until Dec 2023 Attempt
- Detailed video lectures on complete syllabus
- Video lectures for exam questions and solutions
- Exam focused short notes
- Online time constrained quizzes with solutions
- Regular update on materials
- Final mock exam

Buy Now