Fundamental Ethical & Professional Principles
1 articlesThe Financial Reporting Framework
3 articles CF The Conceptual Framework Reviews the IASB's revised Conceptual Framework for Financial Reporting, completed in March 2018 — a key underpinning of the SBR syllabus. ↗ P&L Concepts of Profit or Loss and Other Comprehensive Income Explains the rules and conceptual debate about where profits and losses should be recognised — in profit or loss or OCI — and whether double recognition is appropriate. ↗ OCI Profit, Loss and Other Comprehensive Income Looks at what differentiates profit or loss from other comprehensive income and where items should be presented in the financial statements. ↗
Reporting the Financial Performance of a Range of Entities
9 articles SME IFRS for SMEs Explores the framework for small and medium-sized enterprises — designed to generate relevant, reliable, and useful financial information for SMEs. ↗ DT Deferred Tax Builds on FR-level deferred tax knowledge to cover the more complex SBR-level scenarios that may be examined — including business combinations. ↗ IF2 IFRS 2 — Share-based Payment Covers the application of IFRS 2 when a company acquires or receives goods and services for equity-based payment — including vesting conditions and modifications. ↗ IF13 IFRS 13 — Fair Value Measurement Covers the principles and concepts of IFRS 13 — a standard requiring significant effort to understand and apply correctly in practice and in the exam. ↗ IMP Impairment of Financial Assets Considers the IASB's proposals for new regulations on impairment of financial assets — including the expected credit loss model under IFRS 9. ↗ MEA Measurement Considers the relevance of information provided by different measurement methods and explains the effect they may have on the financial statements. ↗ IF15 Revenue Revisited — IFRS 15 Five-Step Model A two-part article applying the IFRS 15 five-step model for revenue recognition from contracts with customers at SBR level. ↗ D/E When Does Debt Seem to Be Equity? Explores the distinction between debt and equity in the statement of financial position — focusing on hybrid instruments with features of both. ↗ CRY Cryptocurrencies Covers digital tokens and cryptocurrency — how they are built on blockchain infrastructure and the accounting challenges they present under current IFRS. ↗
Financial Statements of Groups of Entities
2 articles IF3 Business Combinations — IFRS 3 (Revised) An introduction to IFRS 3 and IAS 27 — covering piecemeal acquisitions, disposals, and the accounting treatment for complex business combinations. ↗ GW Impairment of Goodwill Discusses both methods of measuring goodwill following a subsidiary acquisition and how each is subject to impairment review under IAS 36. ↗
Interpret Financial Statements for Different Stakeholders
3 articles SUS Sustainability Reporting Covers progress in sustainability reporting — a dynamic, fast-paced subject area that SBR candidates must be aware of for the exam. ↗ INV Giving Investors What They Need Looks at how reporting capital structure is challenging and explores what markets expect from financial statements in terms of investor information. ↗ IR The Integrated Report Framework Covers the IIRC's 2013 integrated reporting framework — the principles and concepts governing the content of an integrated report. ↗
The Impact of Changes and Potential Changes in Accounting Regulation
3 articles BM Using the Business Model to Analyse Performance Explains how understanding a company's business model helps in analysing and communicating the essence of a business and predicting the impact of change. ↗ CLI Climate-Related Disclosures and Investor Focus Covers the evolving area of climate-related reporting as investor and stakeholder demand for both financial and non-financial disclosures continues to grow. ↗ CLT Bin the Clutter Discusses how to improve financial reporting clarity and reduce unnecessary disclosures — a recurring theme in regulatory reform and examiner commentary. ↗
©
All article content is copyright of the original publisher, ACCA UK. Links open directly on the ACCA global website. VLS provides these links to help students access official ACCA academic resources. ← Back to all technical articles
