ACCA FR (F7) Financial Reporting - Complete Course

Name: ACCA FR (F7) Financial Reporting - Complete Course
Rating: 4.6 (925 reviews)

Financial Reporting - IFRS (International Financial Reporting Standards)

Highest Rated

Created bySyed Muhammad Ali Shah

Last updated 2/2025

English

What you'll learn

This course aims at teaching Financial Reporting based on IFRS. The courses is designed based on the syllabus given by the ACCA
Financial Reporting - International Financial Reporting Standards (IFRS)
ACCA FR (F7) or any other Financial Reporting Paper under IFRS
Learn Financial Reporting from Basics

Course content

26 sections • 106 lectures • 59h 3m total length

Part 1 - Introduction to Conceptual Framework by IASB23:43
Part 2 - Scope of Conceptual Framework13:53
Describe the scope of general purpose financial reporting, identifying primary users and the balance sheet and income statement concepts of resources, claims, accrual-based accounting, stewardship, and performance versus position.
Part 3 - Qualitative Characteristics of Financial Reporting11:27
Part 4 - Elements of Accounting1:05:34
Learn the five elements of financial statements—assets, liabilities, equity, income, and expenses—plus recognition, measurement, and the balance sheet and income statement structure.
DEMO Lecture - Sales and Lease Back with Question Explained56:12
Statement of Comprehensive Income - SOCI38:20
Quiz 1 - Conceptual Framework

IFRS 15 - 1. Introduction36:50
Five Steps Model for Revenue Recognition41:36
Satisfaction of Perf Obligations and Contract Fulfillment Costs34:22
Right to Return, Warranties, Agent and Principal35:46
Explain IFRS 15 treatment for right of return, including prudence in revenue, refund liabilities, and period-end adjustments, plus warranties, principal versus agent, and non-refundable upfront fee.
Question Financing Component19:33
Contract Asset - Contract Liability And Receivables32:30
IFRS 15 - Contract Asset MCQs19:43
IFRS 15 - 12. Question Variable Consideration12:32
Short Questions with Solution -124:24
Short Questions and Solutions -231:01
Explain how to determine contract assets and liabilities under the percentage-of-completion method, compute profit to date, and reconcile costs incurred, invoiced amounts, and accrued income under IFRS 15.
IFRS 15 - Revenue from Contracts with Customers

Tangible NCA - Part 130:07
Tangible NCA - Part 249:35
Explain depreciation concepts for non-current assets, comparing straight-line and reducing balance methods, cost and revaluation models, and their impact on net book value under IFRS.
Questions and Solutions MCQ1:23:43
Analyze MCQs on borrowing costs and capitalization under IFRS, focusing on qualifying assets, cost of capital calculations, and investment property treatment in consolidated financial statements.
Question and Solution IAS 1624:35
Explain how IAS 16 permits cost and revaluation models for plant and owner-occupied property, and IAS 40 investment property, including depreciation, impairment, and fair value changes.
Questions and Solution IAS 16 and Foreign Exchange14:21
IAS 16 Quiz - Property plant and Equipment

IAS 37 - 1. Introduction to Provisions36:13
IAS 37 - 2. Calculation of Provision and Finance Cost19:46
IAS 37 - 3. Specific Situations and Treatment5:34
Explain that future operating losses are not provisions under IAS 37, while onerous contracts require a provision for the lower of cost of fulfilling and penalties for failing to fulfill.
IAS 37 - 4. Provision for Restructuring16:23
Learn how IAS 37 handles provision for restructuring and the role of a detailed, communicated plan in creating a constructive obligation. Identify which costs are included as direct restructuring costs.
IAS 37 Quiz - Provision and Contingent Liabilities

Requirements

Basic knowledge of Financial Accounting.

Description

COURSE OVERVIEW
It is a complete course on financial reporting based on International Financial Reporting Standards (IFRS). Course syllabus is designed on the syllabus as given by ACCA (Association of Chartered Certified Accountants). The course covers all topics and is aimed to help students passing their ACCA FR (F7) exam All topics are explained in a structured, phased approach.

It is a complete guide kit for those who want to learn financial reporting (IFRS). There are more than thirty-two hours of video lectures, including the explanation of theoretical concepts and examples and questions

Average duration of each lecture is approximately twenty to thirty minutes in order to explain the topic and do few questions / examples to show the application of knowledge.

HOW STUDENTS GET BENEFIT FROM THIS COURSE

This course is created to help students pass their ACCA FR (F7) exam with high marks in the very first attempt. The list of topics (chapters) and their sequence is from BPP Learning Media which is considered as one of the world’s best publishers of accounting books.

However, students with other qualifications such as CIMA, CA, CAT, BBA or MBA can also get great value since the topics of Fundamentals of Financial Accounting remain same in all qualifications and degrees.

The course includes video tutorials for full syllabus coverage of ACCA FR (F&) as well as videos for practice questions with solutions and explanation by the tutor. As part of the learning materials students will also find course notes and chapter presentations in PDF format.

The aim of this training is to develop knowledge and understanding of the underlying principles, concepts and regulations relating to financial reporting based on International Financial Reporting Standards (IFRS).

DETAILED SYLLABUS (TOPIC LIST)

- Conceptual Framework
- Regulatory Framework
- IAS 16 - Tangible Non Current Assets
- IAS 23 - Borrowing Cost
- IAS 36 - Impairment
- IAS 37 - Provisions and Contingencies
- IAS 38 - Intangible Non Current Assets
- IAS 40 - Investment Property
- IAS 2 - Inventories
- IAS 10 - Events after the reporting period
- IAS 20 - Government Grants
- IAS 33 - Earnings Per Share EPS
- IAS 41 - Biological Assets
- IFRS 3 - Goodwill
- IFRS 5 - Non Current Asset Held for Sales and Discontinued Operation
- IFRS 9 - Financial Instruments
- IFRS 15 - Revenue from Contracts with Customers
- IFRS 16 - Leases
- Reporting Financial Performance
- Interpretation of Financial Statements
- Accounting for Inflation
- Final Accounts
- Consolidated Financial Statements

ABOUT INSTRUCTOR
I am a qualified accounting and finance professional with over twenty years of professional experience. I have been teaching accounting and finance courses for over fifteen years and have taught more than twenty thousand delegates including students, young accountants, chief accountant and finance managers.

Who this course is for:

Accountants. Students who are doing Financial Reporting based on International Financial Reporting Standards (IFRS), especially from ACCA, CIMA, CAT, CA and ICAEW
Financial Accountants learning International Financial Reporting Standards (IFRS)

ACCA FR (F7) Financial Reporting - Complete Course

What you'll learn

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Course content

Conceptual Framework6 lectures • 3hr 29min

IFRS 15 - Revenue10 lectures • 4hr 48min

IAS 16 - Tangible Non Current Assets5 lectures • 3hr 22min

BONUS - IFRS 13 - Fair Value - Not in syllabus but important to understand2 lectures • 1hr 10min

IAS 40 - Investment Property1 lecture • 14min

IAS 20 - Government Grant2 lectures • 40min

IAS 23 - Borrowing Cost2 lectures • 29min

IAS 38 - Intangible Non Current Assets and Goodwill3 lectures • 1hr 19min

IAS 37 Provisions4 lectures • 1hr 18min

IAS 36 Imapairment of Assets5 lectures • 2hr 5min

Requirements

Description

Who this course is for: