ACCA -Ff7 (int) Financial Reporting: ACCA-F7(INT)-KN (Ed. 3, Version 1)
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Detailed syllabus : Need for conceptual framework, Understandability, relevance, reliability and comparability, Recognition and measurement, Legal versus commercial view of accounting, Alternative models and practices, Concept of 'faithful representation' ('true and fair view'); Regulatory framework for financial reporting, The standard setting process, Specialised, not-for-profit, and public sector entities, Statements of cash flows, Tangible non-current assets, Intangible assets, Inventory, Financial assets and financial liabilities, Leases, Provisions, contingent liabilities, and contingent assets, Impairment of assets, Taxation, Regulatory requirements relating to preparation of financial statements, Reporting financial performance, Concept and principles of group, Concept of consolidated financial statements, Preparation of consolidated financial statements including an associate, Limitations of financial statements, Calculation and interpretation of accounting ratios and trends to address users' and stakeholders' needs, Limitations of interpretation techniques, Specialised, not-for-profit, and public sector entities.