IFRS Standards
7 articles 15 IFRS 15 — Contract Assets and Contract Liabilities Examines how IFRS 15 Revenue from Contracts with Customers affects recognition, with focus on sectors most significantly impacted. ↗ 15 Revenue Revisited — IFRS 15 five-step model Applies the IFRS 15 five-step model for revenue recognition from contracts with customers. ↗ 16 IFRS 16 — Leases Summarises the key changes introduced by IFRS 16 from the lessee perspective and the impact on the FR exam. ↗ 9 IFRS 9 — Financial Instruments High-level review of IFRS 9 covering financial assets, financial liabilities, and convertibles as they apply to the FR syllabus. ↗ 37 IAS 37 — Provisions, Contingent Liabilities and Contingent Assets Covers the aims of IAS 37, recognition criteria for provisions, and common exam assessment scenarios. ↗ 38 IAS 38 — Intangible Assets: Can't Touch This Key principles of IAS 38 including recognition, measurement, and amortisation of intangible assets — tested across all FR exam sections. ↗ 12 Deferred Tax — IAS 12 Covers deferred tax aspects relevant to FR before moving to more complex SBR-level situations. A regularly examined topic. ↗
Consolidation & Group Accounts
5 articles GW Accounting for Goodwill Covers goodwill in business combinations — a key and regularly examined area of the FR syllabus. ↗ FV The Use of Fair Values in the Goodwill Calculation Examines how fair value is applied to consideration, assets, liabilities, and contingent liabilities when accounting for a subsidiary acquisition. ↗ DC Decentralisation and performance measurement Focuses on a classic performance question combining financial and non-financial analysis. ↗ IMP Impairment of Goodwill Discusses both methods of measuring goodwill following a subsidiary acquisition and how each is subject to impairment review. ↗ CFS Watch Your Step — Consolidated Financial Statements Identifies the most common errors candidates make when preparing consolidated financial statements and how to avoid them. ↗
Property, Plant & Equipment and Non-current Assets
4 articles PPE Accounting for Property, Plant and Equipment — IAS 16 Outlines the key areas of IAS 16 likely to be examined in FR, including initial recognition, subsequent measurement, and depreciation. ↗ P1 PPE Part 1 — Measurement and Depreciation First of two articles covering the main features of IAS 16 with a focus on measurement and depreciation methods. ↗ P2 PPE Part 2 — Revaluation and Derecognition Second of two articles covering revaluation of PPE, the revaluation surplus, and derecognition of assets under IAS 16. ↗ CF Analysing a Statement of Cash Flows Explains how to analyse and interpret a statement of cash flows in the context of FR exam questions. ↗
Analysis & Interpretation
3 articles INT Tell Me a Story — FR Interpretation Questions Examines what FR examiners look for in interpretation answers and the key weaknesses consistently noted in candidate scripts. ↗ IQ How to Improve Your Answers to FR Interpretation Question Practical advice on improving analysis question answers — whether in a group or single entity context. ↗ PA Performance Appraisal Covers how to interpret financial information correctly within the context of an FR question scenario ↗
Current Issues & Conceptual Framework
1 articlesErrors & Corrections
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