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ACCA FR · Applied Skills

B. Accounting for transactions in financial statements

Master how to account for assets, liabilities, equity, income, and expenses. You’ll learn to apply IFRS to a variety of transactions - such as leases, provisions, and revenue recognition - ensuring compliance and clarity in financial reports.

  • 36 lessons
  • 14 modules
  • 7.8h of video
Start the first lesson → About the ACCA FR course

The lessons

36 lessons, module by module.

Tangible non-current assets

4 lessons
  1. 1 Introduction to PP&E 22m
  2. 2 Revaluation of PP&E 23m
  3. 3 Investment property 11m
  4. 4 Borrowing costs 6m

Intangible non-current assets

3 lessons
  1. 1 Recognition 6m
  2. 2 Purchased intangible assets 14m
  3. 3 Goodwill, research and development and derecognition 10m

Impairment of assets

3 lessons
  1. 1 Principles of impairment and impairment indicators 10m
  2. 2 Recognition and cash generating units 11m
  3. 3 Post impairment review 8m

Inventory and biological assets

2 lessons
  1. 1 Introduction to IAS 2 inventories and valuation methods and disclosures 14m
  2. 2 Introduction to IAS 41 agriculture and fair value of biological assets 12m

Financial instruments

5 lessons
  1. 1 Classification 6m
  2. 2 Financial liabilities 20m
  3. 3 Compound instruments 12m
  4. 4 Financial assets 20m
  5. 5 Factoring of receivables 5m

Leasing

3 lessons
  1. 1 Introduction and initial recognition 17m
  2. 2 Subsequent measurement 13m
  3. 3 Sale and lease back 8m

Provisions and events after the reporting period

4 lessons
  1. 1 Recognition and measurement 10m
  2. 2 Types of provisions 16m
  3. 3 Contingent liabilities and contingent assets 8m
  4. 4 Events after the reporting period 10m

Taxation

2 lessons
  1. 1 Introduction to IAS 12 and deferred tax 13m
  2. 2 Accounting for deferred tax 20m

Assets held for sale and discontinued operations

2 lessons
  1. 1 Introduction to IFRS 5 and assets held for sale 9m
  2. 2 Discontinued operations 8m

Accounting policies, changes in accounting estimates and errors

1 lesson
  1. 1 Accounting policies, changes in estimates and prior period error 17m

Earnings per share

2 lessons
  1. 1 Basic EPS 21m
  2. 2 Diluted EPS and other aspects of EPS 19m

Revenue

3 lessons
  1. 1 Principles of revenue recognition 24m
  2. 2 Specific transactions 11m
  3. 3 Presentation 12m

Government grants

1 lesson
  1. 1 Introduction, revenue and capital grants 14m

Foreign currency transactions

1 lesson
  1. 1 Concept of currency and foreign currency transactions 11m

Questions

About B. Accounting for transactions in financial statements.

What does the B. Accounting for transactions in financial statements section cover?

Master how to account for assets, liabilities, equity, income, and expenses. You’ll learn to apply IFRS to a variety of transactions - such as leases, provisions, and revenue recognition - ensuring compliance and clarity in financial reports.

How much video is in this section?

B. Accounting for transactions in financial statements has 36 video lessons, about 7.8 hours in total. Work through them at your own pace, with lifetime access.

Is this section included in the Financial Reporting exam?

Yes. The content in this section is assessed in the Financial Reporting ACCA exam.

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