FINANCIAL REPORTING (FR) - INT

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              Syllabus

• Discuss and apply regulatory and conceptual framework for financial reporting.
• Account for transactions in accordance with International Financial Reporting Standards.
• Analyse and interpret the financial statements.
• Prepare and present financial statements of single and group entities which conform to International Financial Reporting Standards.
• Demonstrate employability and technology skills.
   

              Core Areas

• Regulatory and  conceptual framework for financial reporting.
• International Financial Reporting Standards (IFRSs)
• Financial Statements
• Business combinations. 
• Analysing and interpreting financial statements.
   

               Examinability

• The syllabus is assessed by a three-hour computer-based examination.
• All questions are compulsory. The exam will contain both computational and discursive elements. 
• Some questions will adopt a scenario/case study approach. 
• SECTION A comprises 15 objective test questions (OTQs) of 2 marks each. 
• SECTION B  comprises 3 objective test cases (OT cases), each of which includes 5 OTQs of 2 marks each. 
• SECTION C of the examination comprises 2 constructed response (CR) questions of 20 marks each.  
• The 20-mark constructed response (CR) questions will examine the interpretation and preparation of financial statements for either a single entity or a group. 
• The Section A and Section B questions can cover any areas of the syllabus.