Financial Reporting (ACCA FR)

Overview:

The ACCA Financial Reporting (FR) exam covers the fundamentals of accounting standards and the theoretical framework in preparing financial statements. Throughout this ACCA FR course, you’ll also learn how to interpret the financial statements of single and group entities.

Structure of the ACCA FR paper:

The ACCA Financial Reporting (FR) paper is a three hour exam consisting of three sections, in which all questions are compulsory. Section A contains 15 objective test questions of two marks each. Section B consists of three 10-mark cases each comprising five 2-mark objective-test questions. Section C of the paper comprises two 20-mark constructed response questions.

Syllabus:

The conceptual and regulatory framework for financial reporting
Accounting for transactions in financial statements
Analysing and interpreting financial statements of single entities and groups
Preparation of financial statements
Employability and technology skills

Current ACCA Syllabus

2027 ACCA Syllabus

Preparing for the ACCA FR exam with LSBF:

As with any other ACCA exam, practice makes perfect. The London School of Business and Finance (LSBF UK) offers two mock ACCA Financial Reporting papers, one of which is marked by our expert tutors, and one self-marked, providing you with the feedback you need for success in the ACCA Financial Reporting (FR) exam. Through the Canvas platform, we also provide live online and recorded sessions as well as E-learning materials which will cover the ACCA FR syllabus in detail. Enquire today or learn more about how LSBF UK can help you on your journey to your ACCA qualification.

A good level of English is required across all levels of the ACCA Qualification, which is accessible via a range of entry points depending on a student's current qualifications or relevant work experience.

Whether you're just starting out in accounting or already working in the finance industry without any formal qualifications, we advise you to check your eligibility and starting point on the ACCA website to find the best suitable route to ACCA Qualification. You may even be able to claim exemptions from some exams.

For more information on Entry Requirements for ACCA Qualification, please visit the ACCA website.

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Information about technical requirements

Our platform does not require any additional software. However, it is advisable that students have Microsoft Office installed on their computers as tutors may provide additional downloadable notes in Doc, Xlsx, PPT, and PDF formats.

Google Chrome, Firefox, Microsoft Edge, and Safari (Macintosh only) are all supported by Canvas on desktop.

Canvas has been carefully crafted to accommodate low-bandwidth environments. A minimum internet speed of 512kbps is recommended.

Information about when access to materials opens and closes

Access to all learning materials and live sessions opens in the month of intake and closes three months later. For example, if teaching starts in mid-June, access will stop in mid-September after the exams finish. Students taking Computer Based Assessments (CBE) have access for 6 months.

Learning materials consist of the following:

Live tuition and revision sessions
Recorded live tuition and revision sessions
E-learning materials and resources
Other relevant materials tutors may provide

Teaching Timetable

All courses are taught in the evening (BST), Monday through Friday. Classes typically start at 5:30 or 6:30 p.m. and run for 2-3 hours depending on the paper.

During workshops, students can speak to their tutors directly with any concerns.

Where there is a need, face-to-face revision may be offered on two weekends in London (excludes on-demand papers). If you cannot attend, you can either join the session live online or watch the recording.

Learning Expectations

We advise that you allocate nine hours of self-study per week in addition to your live classes. For the Strategic Professional exam, we advise 12 hours of self-study. Your tutors will discuss self study with you.

You will be asked to complete exam question practice (homework) throughout the session, which will be marked with feedback provided. You will also be asked to complete a time-limited exam that will also be marked with feedback.

We expect you to attend all live sessions, but if that is not possible (e.g., time zone constraints), we ask that you study using the recorded sessions provided. If you do not attend any sessions, live or recorded, then you may be removed from the course and may be deferred to the next session.

Information about Practical Experience Requirement (PER)

Studying for your ACCA exams requires you to pass them and gain practical experience that is essential to becoming a fully qualified accountant.

You must take the Ethical and Professional Skills module and gain professional experience by spending 36 months in an accounting or finance-related role.

Exam success, practical experience, and knowledge of ethics will enable you to become a successful accountant.

More detailed information can be found here (accaglobal.com)

All exam regulations and exam guidelines are set by ACCA. Students are also required to adhere to the ACCA Rulebook at all times.

Your ACCA courses with LSBF

Our approach focuses on offering the dedicated skills and support needed for success in both your exam and career. Find out more about how LBSF UK can help you on your journey to your ACCA professional qualification, or book your online courses with LSBF.

Why study ACCA at LSBF?

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