The document provides guidance on preparing for the ACCA Strategic Business Reporting (SBR) exam. It discusses the wide-ranging syllabus which includes many accounting standards. It emphasizes understanding the nature and requirements of the exam, covering the syllabus broadly rather than focusing on depth in any one area. It recommends practicing past exam questions, reviewing answers, and using ACCA resources. The document stresses the importance of writing clear, well-structured answers that apply relevant technical knowledge and standards to the scenarios, consider stakeholder perspectives, and demonstrate professionalism.
The document provides guidance on preparing for the ACCA Strategic Business Reporting (SBR) exam. It discusses the wide-ranging syllabus which includes many accounting standards. It emphasizes understanding the nature and requirements of the exam, covering the syllabus broadly rather than focusing on depth in any one area. It recommends practicing past exam questions, reviewing answers, and using ACCA resources. The document stresses the importance of writing clear, well-structured answers that apply relevant technical knowledge and standards to the scenarios, consider stakeholder perspectives, and demonstrate professionalism.
The document provides guidance on preparing for the ACCA Strategic Business Reporting (SBR) exam. It discusses the wide-ranging syllabus which includes many accounting standards. It emphasizes understanding the nature and requirements of the exam, covering the syllabus broadly rather than focusing on depth in any one area. It recommends practicing past exam questions, reviewing answers, and using ACCA resources. The document stresses the importance of writing clear, well-structured answers that apply relevant technical knowledge and standards to the scenarios, consider stakeholder perspectives, and demonstrate professionalism.
Business Reporting (SBR) exam SBR has a wide ranging syllabus, which includes many accounting standards, some introduced in Financial Reporting and others examined only in SBR. Advice from an Most frequently used SBR exam verbs: Current issues, exposure drafts and narrative reporting frameworks also expert tutor feature. Questions are set in the context of single entities, groups, private or public sector, for-profit, or not-for-profit organisations. n Make use of ACCA resources n Real life reading – eg real To study SBR effectively you need to understand the nature of the exam and company financial statements what you will be asked to do. DISCUSS EXPLAIN ADVISE n Cover the syllabus widely – Read this article for more about exam verbs breadth rather than depth n Practice questions, and take Question approach: SBR – The Big Picture time to review your answers. If you’re preparing for an SBR ✓ Analyse the requirements CBE, visit this page for guidance ✓ Read the scenario carefully to understand on how to approach question issues and any stakeholder perspective Stakeholders practice, including using the In SBR, as in the workplace, new ACCA Practice Platform ✓ Identify relevant technical knowledge you need to consider the n Remember – more than one standard point of view of investors n Written aspects are very Professionalism is may be relevant, and consider the and other stakeholders. more than calculating important – don’t just practice This means analysing and Ethics numbers. It means principles from the Conceptual Framework. numbers interpreting information, applying ethics explaining how transactions and judgement to n Get used to planning and ✓ Apply this to the scenario Judgement add value, taking n Don’t simply regurgitate everything affect the financial writing clear answers. a holistic view and statements and other you can remember. Select relevant points communicating reports or explaining Professionalism professionally. and explain how they apply to the facts in accounting treatments and disclosures. the scenario REPORTING Links to support n You may need to produce some • financial and non-financial calculations as part of an explanation • single entities, groups, for-profit, not-for-profit resources but numbers alone will not earn enough Detailed marks to pass. Knowledge New detailed n Examining team guidance gained in knowledge knowledge previous n Examiner’s reports • standards exams • current development n Technical Articles Writing a good answer n How to approach Section B questions Conceptual Framework – how to demonstrate n Ethics and Professional Skills module professionalism: The Conceptual Framework underpins the whole syllabus. The better you know the n Read the mind of the marker – Part 1 Framework, the easier it is to learn the principles of each individual standard. n Read the mind of the marker – Part 2 n Plan your answer n Tutor video review of the March 2020 n Use headings and short paragraphs exam n Consider the stakeholders – relevant n Strategic Professional CBE support content and appropriate tone. n FAQs