ACCA FR · Financial Reporting

Everything you need to pass ACCA FR.

Covers single entity and group financial statements, IFRS standards, and financial performance analysis. £149 on its own, or all six Applied Skills papers for £349, with lifetime access.

Buy FR · £149 See the Applied Skills pack

Modern tuition AI Tutor in every lesson Lifetime access as standard

3h exam length
Mar, Jun, Sep, Dec exam sessions
Applied Skills level
£149 on its own, lifetime access

Taught by experts

Real experts behind every FR course.

The qualified-accountant tutors who teach the paper, with an AI Tutor in every lesson.

James Griffiths

James Griffiths is VIVA's tutor for ACCA Financial Accounting (FA) and Financial Reporting (FR), and CIMA Financial Reporting (F1) and Advanced Financial Reporting (F2).

ACCA FR

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The syllabus

What FR covers.

Financial Reporting (FR) builds on FA, covering the preparation and interpretation of financial statements under IFRS for single entities and groups. You'll study consolidations, accounting standards, and financial statement analysis in depth.

Preparation of financial statements (IFRS)
Group consolidations: subsidiaries and associates
IFRS 16 Leases, IFRS 15 Revenue
Accounting for financial instruments (IFRS 9)
Financial performance analysis
Ethical and conceptual framework issues

The course, section by section

4 sections · 66 lessons · 13h 28m of video

01 A. The conceptual and regulatory framework for financial reporting 3 modules11 lessons1h 19m of video
1. The conceptual framework 5 lessons 39m
2. The regulatory framework 3 lessons 19m
3. The concept of group accounting and consolidations 3 lessons 21m
02 B. Accounting for transactions in financial statements 14 modules36 lessons7h 51m of video
1. Tangible non-current assets 4 lessons 1h 2m
  1. Introduction to PP&E 22m
  2. Revaluation of PP&E 23m
  3. Investment property 11m
  4. Borrowing costs 6m
2. Intangible non-current assets 3 lessons 30m
3. Impairment of assets 3 lessons 29m
4. Inventory and biological assets 2 lessons 26m
  1. Introduction to IAS 2 inventories and valuation methods and disclosures 14m
  2. Introduction to IAS 41 agriculture and fair value of biological assets 12m
5. Financial instruments 5 lessons 1h 3m
  1. Classification 6m
  2. Financial liabilities 20m
  3. Compound instruments 12m
  4. Financial assets 20m
  5. Factoring of receivables 5m
6. Leasing 3 lessons 38m
7. Provisions and events after the reporting period 4 lessons 44m
8. Taxation 2 lessons 33m
  1. Introduction to IAS 12 and deferred tax 13m
  2. Accounting for deferred tax 20m
9. Assets held for sale and discontinued operations 2 lessons 17m
  1. Introduction to IFRS 5 and assets held for sale 9m
  2. Discontinued operations 8m
10. Accounting policies, changes in accounting estimates and errors 1 lesson 17m
  1. Accounting policies, changes in estimates and prior period error 17m
11. Earnings per share 2 lessons 40m
  1. Basic EPS 21m
  2. Diluted EPS and other aspects of EPS 19m
12. Revenue 3 lessons 47m
  1. Principles of revenue recognition 24m
  2. Specific transactions 11m
  3. Presentation 12m
13. Government grants 1 lesson 14m
  1. Introduction, revenue and capital grants 14m
14. Foreign currency transactions 1 lesson 11m
  1. Concept of currency and foreign currency transactions 11m
03 C. Analysing and interpreting the financial statements of single entities and groups 4 modules6 lessons1h 22m of video
1. Limitations of financial statements 1 lesson 9m
  1. Use of historical information, manipulation and distortion and use of average values 9m
2. Interpretation of financial statements 3 lessons 48m
3. Limitations of interpretation techniques 1 lesson 15m
  1. Limitations of ratio analysis, usefulness of cash flows and EPS as a performance measure 15m
4. Specialised, not-for-profit and public sector entities 1 lesson 10m
  1. Primary objectives, performance measurement and financial reporting 10m
04 D. Preparation of financial statements 6 modules13 lessons2h 56m of video
1. Preparation of single entity financial statements 2 lessons 26m
  1. IAS 1 and statement of profit or loss and OCI 11m
  2. Statement of changes in equity and statement of financial position 15m
2. Statement of cash flows 2 lessons 34m
  1. Introduction, format and cash flows from operating activities 20m
  2. Cash flows from investing activities and cash flows from financing activities 14m
3. Consolidated statement of financial position 4 lessons 54m
  1. Introduction 11m
  2. Goodwill and fair values 17m
  3. Pre and post acquisition reserves 9m
  4. Intra-group transactions 17m
4. Consolidated statement of profit or loss 2 lessons 23m
  1. Introduction and intra-group trading 12m
  2. Mid-year acquisition, intragroup loans and dividends and other adjustments 11m
5. Accounting for associates 2 lessons 26m
  1. Introduction and consolidated statement of financial position 19m
  2. Consolidated statement of profit or loss 7m
6. Group disposals 1 lesson 13m
  1. Parent's financial statements and group financial statements 13m

Modern tuition

Expert video, with a tutor in every lesson.

Built and taught by people who have lectured this material for years, with an AI Tutor sitting inside each lesson to answer the question you have right now.

Experts Former Kaplan and BPP lecturers and academics from major UK universities.
AI Tutor Ask a question inside the lesson and get an answer grounded in that lesson.
Pick up where you left off Your progress is saved lesson by lesson, so you always come back to the right place.

AI Tutor in every lesson

"Can you go through the Group consolidations part again, more simply?"

Of course. Here is the short version from this lesson, then the worked example again, one step at a time.

Preparation of financial statements (IFRS) 4:12
Group consolidations: subsidiaries and associates 7:38
IFRS 16 Leases, IFRS 15 Revenue 5:02
Accounting for financial instruments (IFRS 9) 9:20

ACCA Applied Skills

FR is one of the six Applied Skills papers. ACCA lets you sit them in whatever order suits you.

See all of Applied Skills →

Personalised ACCA pack

FR is £149 on its own, or Applied Skills for £349.

Tell us which ACCA papers you have already passed, or are exempt from taking. We have pre-ticked everything ACCA requires before FR - adjust it if that is not you.

Step 1 of 2

First, what have you already passed?

Tick what you've passed or been exempted from - we'll only show what's left.

Applied Knowledge

Applied Skills

Strategic Professional

Exempt from a whole level through your degree? Use Tick all on that level.

Questions

The things students ask before buying.

What does the FR course include?

Expert video lessons from qualified-accountant tutors across the FR syllabus, with an AI Tutor in every lesson and your progress saved as you go. £149 on its own, with lifetime access.

How is FR examined?

The FR exam is 3h long. FR is sat in the March, June, September and December sessions.

Does the course cover the whole FR syllabus?

Yes. The video lessons cover every section of the FR syllabus, and the AI Tutor in each lesson answers questions on it as you study.

Do ACCA courses include mock exams?

ACCA courses are taught courses: video lessons with an AI Tutor in every lesson. Online mock exams with marking are part of our CIMA courses.

Is it cheaper to buy the whole Applied Skills level?

The Applied Skills pack is £349 and covers every paper in the level, however many you have left. Anything you have already bought comes off the pack price, so buying one paper first never costs you more.

How long do I have access?

Lifetime access, on every course. There is no subscription and no renewal - if you need to resit, or come back to the material years later, it is still there.

Ready for a clearer route to your FR exam?

Get through your exams.
Get on with your life.

Take FR on its own, or add it to the papers you have left.

Buy FR · £149