Semester 2

SEMESTER 1

Financial Rep
Sections

Section 1 and 2: The conceptual and regulatory framework for financial

reporting

Section 3: Elements of financial statements - Part 1

Section 4: Elements of financial statements - Part 2

Section 5: Other standards

Section 1: Accounting for transactions in financial statements (Part 1)

Section 2: Accounting for transactions in financial statements (Part 2)

Section 3: Preparation of financial statements

Section 4: Financial analysis and interpretation

Section 5: Consolidations

Financial Reporting (F7)

Chapters
Introduction to International Financial Reporting Standards
The need for a conceptual framework and the characteristics of useful information
Recognition and measurement of elements of financial statements
Regulatory Framework
IAS
IAS
IAS
IAS

16
23
20
40

Property, Plant and Equipment

Borrowing Costs
Government Grants
Investment Properties

IAS 38 Intangible Assets

IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
IAS 36 Impairment of Assets
Inventory and biological assets
IAS 33 Earnings per Share
IAS 10 Events After the Reporting Period

IAS 15 Revenue from Contracts with Customers

IAS 37 Provisions, Contingent Liabilities and Contingent Assets
IAS 8 Accounting Policies
IAS 17 Leases
Financial instruments
IAS 12 Income Taxes

IAS 1 Presentation of Financial Statements

IAS 7 Statement of Cash Flows
Preparing statement of financial position, statement of comprehensive income and statement of ch
in equity

Limitations of financial statements

Calculation and interpretation of accounting ratios and trends to address users and stakeholders
Limitations of interpretation techniques
Specialised, not-for-profit, and public sector entities
Conceptual Principles of Group accounting
Consolidated Statement of Financial Position
Consolidated Statement of Comprehensive income
Consolidation adjustments
IAS 28 Investments in Associates