ACCA Study Support: Financial Reporting (FR)

A Mai Studies study-support programme written for learners preparing for the ACCA Applied Skills paper Financial Reporting. Every module contains original written notes with worked examples, a tutor-voice classroom transcript, a practical activity with a worked solution, a mock test with explained answers and a marked written assignment. Mai Studies is an independent provider: it is not ACCA, is not an ACCA Approved Learning Partner, and this programme carries no exam credit or exemption. The notes explain general reporting principles for study purposes; no standard text is reproduced.

10 weeks 60 guided hours Intermediate

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No account needed to buy. Pay with your card and we create your student account from the email you enter, with this programme ready inside it for twelve months.

ACCA Study Support: Financial Reporting (FR) course artwork

What you will achieve

Explain the conceptual framework and the qualities of useful information
Apply the five step approach to recognising revenue
Account for tangible and intangible assets, including impairment
Account for leases, provisions and contingencies
Prepare a basic consolidated statement of financial position and profit or loss
Interpret financial statements using ratios and explain their limitations

Entry guidance

— Confident with double entry and basic financial statements
— Access to a spreadsheet
— Around six study hours each week

Original Mai Studies learning material. This is a professional completion programme, not a regulated qualification or university accreditation.

Programme syllabus

6 applied modules

The conceptual framework and reporting principles

Why the framework exists, the qualities of useful information, and how substance drives recognition.

Revenue and contracts with customers

The five step approach, performance obligations, timing of recognition and common practical problems.

Tangible and intangible assets

Initial cost, depreciation and amortisation, revaluation, borrowing costs, development costs and impairment.

Leases, provisions and contingencies

Right of use assets and lease liabilities, and when an obligation is a provision, a contingency or nothing at all.

Group accounts: the basics of consolidation

Control, goodwill, non-controlling interests, intra-group trading and unrealised profit.

Interpreting financial statements

Ratio analysis by category, linking ratios to the story behind the numbers, and the limits of comparison.

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