ACCA Applied Skills

FR 500 – Financial Reporting

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18 Enrolled

About Course

You’ll 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.

IFRS Framework: Understand the structure and purpose of International Financial Reporting Standards (IFRS).
Preparation of Financial Statements: Learn how to prepare financial statements in compliance with IFRS for individual and group entities.
IFRS Standards: Gain detailed knowledge of key IFRS standards like revenue recognition, financial instruments, and lease accounting.
Consolidation: Master the techniques for consolidating financial statements, including subsidiaries, associates, and joint ventures.
Application of IFRS: Learn how to apply IFRS in various complex real-world scenarios.
Reporting Disclosures: Understand the requirements for financial reporting disclosures and their significance in financial statements.
Financial Analysis: Analyse and Interpret Financial statements of individual and group entities

Course Content

Introduction to FR – FInancial Reporting
You will be introduced to Financial reporting syllabus, exam format, how course will be delivered, and course structure

Introduction to FR, FR syllabus and Exam format

01:07:24
Hometask Revision. Preparing Financial Statement.

57:34

Tangible Non-current assets
Upon completion of this chapter you will be able to define and compute the initial measurement , subsequent measurement of a non-current assets.

Tangible Non-current assets (part 1)

01:20:16
Non-current assets (part 1) – Quiz

00:00
Revision. Non-current assets (part 1) – Quiz

28:42
Property, Plant and Equipment (part 1) – Technical Article
Tangible Non-current assets (part 2)

01:43:28
Non-current assets (part 2) – Quiz

00:00
Revision. Non-current assets (part 2) – Quiz

38:21
Property, Plant and Equipment (part 2) – Technical Article
Borrowing costs (IAS 23) – Quiz

00:00
Investment Property (IAS 40) – Quiz

00:00
Tangible Non-current assets (part 3)

31:29
Non-current assets (part 3) – Quiz

00:00
Government grant (IAS 20) – Quiz

00:00
Property, Plant and Equipment (part 3) – Technical Article
TYU 10. Initial Recognition of PPE

17:00

Intangible Non-current assets (IAS 38)
In this Chapter, you will learn how to account for Intangible assets, their initial recognition, subsequent measurement and Research and Development.

Impairment of Assets (IAS 36)
This chapter covers how to calculate and account for impairment losses.

Non-current assets Held for Sale and Discontinued Operations (IFRS 5)
By the end of this session you should be able to:  discuss the importance of identifying non-current assets held for sale and discontinued operations ;  define and account for non-current assets held for sale and discontinued operations.

Foreign Currency (IAS 21)
By the end of this session you should be able to:  define presentation and functional currencies  record transactions in a foreign currency and answer questions relating to these areas.

Financial Instruments (IFRS 9)
In This Topic you will introduced to Financial Instruments (Financial assets and Financial liabilities), its initial measurement and subsequent measurement and its impact on Financial Statements. Bonus Topic is Factoring of Receivables.

Revenue (IFRS 15)
In this topic you will learn how to apply the criteria for recognising Revenue generated from contracts where performance obligations are satisfied over time or at a point in time.

Leases (IFRS 16)
In this Topic you learn how to account for lease agreements from Lessee perspective, accounting for Right of use asset and Lease Liability, Sale and Leaseback arrangements

Taxation (IAS 12)
In this topic you will learn how to account for Current Tax and Deferred tax (accounting adjustment).

Provisions, Contingent Liabilities and Contingent assets (IAS 37) & Event after the Reporting period (IAS 10)
In this Topic, You will Learn how to account for provisions (legal and constructive), accounting for future losses/expenses and Adjusting vs Non-adjusting events.

Other Standards (IAS 2, IAS 41, IFRS 13, IAS 8)
In this Topic you will learn different accounting standards like accounting for inventory, accounting for biological assets and agricultural produces and accounting policies, estimates and prior year errors.

Earnings Per share (IAS 33)
In This Topic you Will Learn how to calculate the earnings per share (EPS) in accordance with IAS 33 Earnings Per Share

Principles of preparing Consolidated Financial Statements
In this Topic you will learn how to account for group entities financial statements, and correct adjustments to prepare consolidated financial statements

Consolidated Statement of Financial Position (part 1)

01:44:58
Consolidated Statement of Financial Position (part 2)

01:31:07
Consolidated Statement of Financial Position (part 3)

41:29
Consolidated Statement of Financial Position – Quiz

00:00
Consolidated Statement of Profit or Loss (part 1)

53:08
Consolidated Statement of Profit or loss (part 2)

31:49
Consolidated Statement of profit or loss – Quiz

00:00
Consolidation – Adjustments – Quiz

00:00
Investment in Associates – Equity accounting method

01:19:01
Investment in Associates – Quiz

00:00
Conceptual Principles of Groups – Quiz

00:00
Group disposals

32:04

Preparation of Individual Financial Statements (Section C) questions
In this Topic you will Learn how to approach different Section C questions related to preparation of financial statements for individual entities.

Preparation of Consolidated Financial Statements (Section C)
You will learn how to prepare group financial statements in this Topic.

Interpretation of Financial Statements
In this topic you will learn how to analyse individual and group financial statements, using ratios for profitability, liqudity, efficiency, position and investor

Cash Flow Statement
In This topic you will learn how to prepare cash flow statements and how to find operating, investing and financing activities

REVISION. OTQ – SECTION A

REVISION. OCQ – SECTION B

Q211-Q215. Flightline Co.

09:56
Q216-Q220. Speculate Co.

07:35
Q221-Q225. Keystone Co.

14:26
Q226-Q230. Chestnut Co

17:13
Q231-Q235. Wilrob Co

14:05
Q246-Q250. Shawler Co

08:22
Q256-Q260. Nov Air Co.

16:53
Q261-Q265. Darby Co.

10:12
Q266-Q270. Aphrodite Co

18:46
Q271-Q275. Radar Co.

14:00
Q276-Q280. Tunshill Co

13:19
Q281-Q285. Shrute Co

15:18

Instructors

Javohirbek Mo'minov

Internal Auditor | Financial Manager | ACCA Tutor

0.0

100 Students

6 Courses

Ish joyi: Adler Group & Havas Food
Lavozimi: Internal Auditor
Shaxsiy sertifikatlari soni: 13 ta
ACCA: Member
O'quvchilarining imtihondan o'tish foiz (oxirgi 5 session): 90%
Top 5 o'quvchisi: 97, 93, 90, 88, 86

No Review Yet

Enrollment validity: 80 days

Level Intermediate
Total Enrolled 18
Last Updated March 7, 2025
Certificate Certificate of completion

FR 500 – Financial Reporting

About Course

What Will You Learn?

Material Includes

Requirements

Audience

Course Content

Introduction to FR – FInancial Reporting You will be introduced to Financial reporting syllabus, exam format, how course will be delivered, and course structure

Introduction to FR, FR syllabus and Exam format

Hometask Revision. Preparing Financial Statement.

Tangible Non-current assets Upon completion of this chapter you will be able to define and compute the initial measurement , subsequent measurement of a non-current assets.

Tangible Non-current assets (part 1)

Non-current assets (part 1) – Quiz

Revision. Non-current assets (part 1) – Quiz

Property, Plant and Equipment (part 1) – Technical Article

Tangible Non-current assets (part 2)

Non-current assets (part 2) – Quiz

Revision. Non-current assets (part 2) – Quiz

Property, Plant and Equipment (part 2) – Technical Article

Borrowing costs (IAS 23) – Quiz

Investment Property (IAS 40) – Quiz

Tangible Non-current assets (part 3)

Non-current assets (part 3) – Quiz

Government grant (IAS 20) – Quiz

Property, Plant and Equipment (part 3) – Technical Article

TYU 10. Initial Recognition of PPE

Intangible Non-current assets (IAS 38) In this Chapter, you will learn how to account for Intangible assets, their initial recognition, subsequent measurement and Research and Development.

Intangible Assets (IAS 38)

Intangible assets – Quiz

Intangible assets – can’t touch this – Technical Article

Impairment of Assets (IAS 36) This chapter covers how to calculate and account for impairment losses.

Impairment of Assets (part 1)

Impairment of Assets (part 2)

Impairment – Quiz

Impairment FInancial Statement (TYU 4)

Non-current assets Held for Sale and Discontinued Operations (IFRS 5)

Non-current assets Held for Sale and Discontinued Operations (IFRS 5) – Quiz

IFRS® 5, Non-current Assets Held for Sale and Discontinued Operations – Technical Article

Foreign Currency (IAS 21) By the end of this session you should be able to:  define presentation and functional currencies  record transactions in a foreign currency and answer questions relating to these areas.

Foreign Currency (IAS 21)

Foreign Currency (IAS 21) – Quiz

Financial Instruments (IFRS 9) In This Topic you will introduced to Financial Instruments (Financial assets and Financial liabilities), its initial measurement and subsequent measurement and its impact on Financial Statements. Bonus Topic is Factoring of Receivables.

Financial Instruments. Financial Assets

Financial Instruments. Financial Liabilities and Factoring of Receivables

Financial Instruments – Quiz

Financial instruments – Technical Article

Financial Instruments – Financial Statement TYU 7.

Revenue (IFRS 15) In this topic you will learn how to apply the criteria for recognising Revenue generated from contracts where performance obligations are satisfied over time or at a point in time.

Revenue recognition (part 1) – 5 steps approach for Revenue recognition

Revenue recognition (part 2) – Satisfying performance obligation over time

Revenue (IFRS 15) – Quiz

Revenue (IFRS 15) – Technical Article

Leases (IFRS 16) In this Topic you learn how to account for lease agreements from Lessee perspective, accounting for Right of use asset and Lease Liability, Sale and Leaseback arrangements

Leases (IFRS 16)

Leases (IFRS 16) – Quiz

Leases (IFRS 16) – Technical Article

Taxation (IAS 12) In this topic you will learn how to account for Current Tax and Deferred tax (accounting adjustment).

Taxation. Current Tax and Deferred Tax

Taxation (IAS 12) – Quiz

Taxation (IAS 12) – Technical Article

Provisions, Contingent Liabilities and Contingent assets (IAS 37) & Event after the Reporting period (IAS 10) In this Topic, You will Learn how to account for provisions (legal and constructive), accounting for future losses/expenses and Adjusting vs Non-adjusting events.

IAS 37. Provisions, Contingent liabilities and contingent assets (part 1)

IAS 37. Provisions, Contingent liabilities and contingent assets (part 2)

IAS 37. Provisions, Contingent liabilities and contingent assets – Quiz

IAS 37. Provisions, Contingent liabilities and contingent assets – Technical Article

IAS 10 Events After the Reporting period

IAS 10 Events After the Reporting period – Quiz

Other Standards (IAS 2, IAS 41, IFRS 13, IAS 8) In this Topic you will learn different accounting standards like accounting for inventory, accounting for biological assets and agricultural produces and accounting policies, estimates and prior year errors.

Inventory IAS 2 & Agriculture IAS 41

Inventory IAS 2 & Agriculture IAS 41 – Quiz

Change in accounting policy, accounting estimates and correction of prior period errors (IAS 8)

IAS 8. Accounting policy, accounting estimate & Prior year error – Quiz

IFRS 13. Fair Value measurement

Earnings Per share (IAS 33) In This Topic you Will Learn how to calculate the earnings per share (EPS) in accordance with IAS 33 Earnings Per Share

Earnings per Share – Basic EPS

Diluted Earnings Per Share

Earnings Per share (IAS 33) – Quiz

Principles of preparing Consolidated Financial Statements In this Topic you will learn how to account for group entities financial statements, and correct adjustments to prepare consolidated financial statements

Consolidated Statement of Financial Position (part 1)

Consolidated Statement of Financial Position (part 2)