ACCA Financial Reporting (FR/F7)
To develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements.
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Live On-line Lectures
Live Online offers students the benefits of the traditional classroom but with the flexibility of the online environment. The lessons are fully interactive, delivered live by Kaplan’s expert tutors following the same exam focused material and structure as traditional classroom courses. All courses include ACCA approved printed study materials and online resources.
Learning online allows you to study anywhere in the world via a broadband Internet connection, giving you the freedom to fit your studies around your lifestyle. Lectures follow a set timetable, just like in the classroom and lecture recordings are available to stream from the Live Online Community should you miss one.
In summary, Live Online Classes consist of:
– Separate Tuition and Revision phases covering knowledge and application to the paper
– Classroom focused materials including fast track notes, study text, revision book and pocket notes.
– Live, interactive lectures accessible on the move via smart phone or tablet
– Expert tutors drawn from a professionally qualified faculty with 10 years average teaching experience per tutor
– Expert tutor help available via live chat, email or phone
– Practice and mock exams
Moreover, the Live Online Community includes:
– Recordings of classes available 24 hours after class to watch again
– Tutor support between timetabled classes
– Peer to peer support
– Online course calendar with reminders
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 of the computer-based exam comprises 15 objective test questions of 2 marks each plus additional content as per below.
– Section B of the computer-based exam comprises three questions each containing five objective test questions plus additional content as per below.
– Section C of the exam comprises two 20 mark constructed response questions.
The 20 mark questions will examine the interpretation and preparation of financial statements for either a single entity or a group. The section A questions and the other questions in section B can cover any areas of the syllabus.
An individual question may often involve elements that relate to different subject areas of the syllabus. For example the preparation of an entity’s financial statements could include matters relating to several accounting standards. Questions may ask candidates to comment on the appropriateness or acceptability of management’s opinion or chosen accounting treatment. An understanding of accounting principles and concepts and how these are applied to practical examples will be tested.
Questions on topic areas that are also included in Financial Accountant (FA) will be examined at an appropriately greater depth in this paper.
Candidates will be expected to have an appreciation of the need for specified accounting standards and why they have been issued. For detailed or complex standards, candidates need to be aware of their principles and key elements.
Exam resources: Click Here to view Exam Resources
Syllabus and Study Guide: Click Here to view Syllabus and Study Guide
Students Studying for the ACCA qualification through KPMG Learning Academy benefit from a tax credit of 70% of the costs incurred via the Get Qualified Scheme.
- Guided Learning 75 hours
- MQF level 4
- Language English
- Assessments Paper B.Exam