The aim of the syllabus is to develop knowledge and skills in understanding and applying IFRS Standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements. The financial reporting syllabus assumes knowledge acquired in Financial Accounting (FA), and develops and applies this further and in greater depth. The syllabus begins with the conceptual framework for financial reporting with reference to the qualitative characteristics of useful information and the fundamental bases of accounting introduced in the Financial Accounting (FA) syllabus within the Knowledge module. It then moves into a detailed examination of the regulatory framework of accounting and how this informs the standard setting process.

Chapter 1 Introduction to published accounts Chapter 2 Tangible non-current assets Chapter 3 Intangible assets Chapter 4 Impairment of assets Chapter 5 Non current assets held for sale and discontinued Chapter 6 A conceptual and regulatory framework Chapter 7 Conceptual framework: Measurement Chapter 8 Other standards Chapter 9 Financial assets and financial liabilities Chapter 10 Foreign Currency Chapter 11 Revenue Chapter 12 Leases Chapter 13 Taxation Chapter 14 Earnings per share Chapter 15 IAS 37 & IAS 10 Chapter 16 Statement of cash flows Chapter 17 Principle of consolidated financial statements Chapter 18 Consolidated statement of financial position Chapter 19 Consolidated statement of profit or loss Chapter 20 Associates Chapter 21 Group disposals Chapter 22 Interpretation of financial statements