The ACCA Qualification

Broader Coverage:

A. The conceptual and regulatory framework for financial reporting:

• 1. The need for a conceptual framework and the characteristics of useful information
• 2. Recognition and measurement
• 3. Regulatory framework
• 4. The concepts and principles of groups and consolidated financial statements

B. Accounting for transactions in financial statements:

• 1. Tangible non-current assets
• 2. Intangible assets
• 3. Impairment of assets
• 4. Inventory and biological assets
• 5. Financial instruments
• 6. Leasing
• 7. Provisions and events after the reporting period
• 8. Taxation
• 9. Reporting financial performance
• 10. Revenue
• 11. Government grants
• 12. Foreign currency transactions

C. Analysing and interpreting the financial statements of single entities and groups:

• 1. Limitations of financial statements
• 2. Calculation and interpretation of accounting ratios and trends to address users’ and stakeholders’ needs
• 3. Limitations of interpretation techniques
• 4. Specialised, not-for-profit, and public sector entities

D. Preparation of financial statements:

• 1. Preparation of single entity financial statements
• 2. Preparation of consolidatied financial statements including an associate