FINANCIAL REPORTING (F7) – STUDY OVERVIEW
1 Module System Study
Session Subjects to be covered
INTRODUCTORY
PHASE
20
21
Group accounts – Basic principles:
– Consolidated statement of financial position Group accounts – Cosmetic adjustments: – Consolidated statement of financial position 22 Group accounts – Further adjustments:
– Consolidated statement of financial position 23
10 15 17
Group accounts:
– Consolidate statement of comprehensive income IAS 17 – Leases
IAS 11 – Construction contracts IAS 12 – Income taxes
MONITORING TEST 1
(1½ hours)1 GAAP and the IASB 2 Framework
3 Substance over form
INTERMEDIATE
PHASE 1
4 IAS 1 – Presentation of financial statements5 IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
6 IAS 18 – Revenue
7 IAS 16 – Property, plant and equipment 8 IAS 23 – Borrowing costs
11 IAS 38 – Intangible assets 12 IAS 40 – Investment properties 13 IAS 36 – Impairment of assets 14 IAS 2 – 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 7 – Statement of cash flows 27 IAS 33 – Earnings per share
28 IFRS 5 – NCA Held for sale and discontinued operations
29 IAS 10 – Events after the reporting period
FINANCIAL REPORTING (F7) – STUDY OVERVIEW
2
Module System Study
Session Subjects to be covered
INTERMEDIATE
PHASE 2
9
25
IAS 20 – Accounting for government grants & disclosure of government assistance
Analysis and interpretation
You should also concentrate on practising questions.
REVISION PHASE
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.
