FR Textbook Syllabus
Chapter 1
Syllabus A. The Conceptual And Regulatory Framework
A1. The Need For A Conceptual Framework
- A1a. What is meant by a conceptual framework of accounting
- A1b. Is there an alternative system?
- A1cd. Faithful Representation2:26
- A1c. Relevance
- A1c. What is meant by relevance and faithful representation?
- A1c. Faithful and Reliable accounts
- A1e. Verifiability, Timeliness & Understandability
- A1f. Comparability
A2. Recognition And Measurement
- A2ab. Recognition and recognition criteria
- A2c. Measurement2:07
- A2d. Advantages and disadvantages of historical cost accounting
- A2e. Current Cost accounting
A3. Regulatory Framework
- A3a. Why regulation is needed
- A3b. Accounting standards
- A3c. Principles-based and a rules-based framework
- A3d. Standard Setting Process
- A3d. National standard setters and the IASB
- The ISSB
A4. The Concept Of A Group
- A4a. A single economic unit
- A4b. Definition of a subsidiary
- A4b. Group accounts principles
- A4c. When is a group required to prepare consolidated financial statements
- A4d. Exemptions from the preparation of consolidated accounts?
- A4f. Co-terminous Year-ends and Accounting policies
- A4g. Intra-group transactions
- A4h. Objective of consolidated financial statements
- A4i. Why use Fair values when calculating goodwill?
- A4j. Define an associate
Chapter 2
Syllabus B. Accounting For Transactions In Financial Statements
B1. Tangible non-current assets
- B1a. Initial Recognition of PPE4:45
- B1a. IAS 23 Borrowing Costs8:36
- B1b. Capital and revenue items
- B1cd. PPE - After Initial recognition
- B1e. Depreciation
- B1e. Componentisation
- B1fg. IAS 40 Investment property2:31
B2. Intangible non current assets
- B2ac. IAS 38 Intangible asset1:48
- B2b. When can you recognise an IA and for how much?
- B2b. Goodwill v Other intangibles
- B2de. Impairment of Goodwill
- B2f. Research and development
B3. Impairment of assets
All subject exam questionsB4. Inventories and Agriculture
All subject exam questionsB5. Financial instruments
- B5abe. Financial Instruments - Introduction4:10
- B5d. Financial Assets - Initial Measurement9:45
- B5d. Financial assets - Accounting Treatment2:50
- B5d. Financial liabilities - Categories3:49
- B5d. Financial Liabilities - Amortised Cost4:03
- B5f. Financial Instruments - Transactions costs1:33
- B5f. Financial Liabilities - convertible loans3:31
- B5e. Debt and Equity
B6. Leasing
- B6a. Leases - definition
- B6a. Lessee Accounting
- B6a. Lease Accounting Example
- B6b. Leases - Exemptions
- B6b. Leases - Measurement Exemptions
- B6c. Sale and leaseback
B7. Provisions and events after the reporting period
All subject exam questionsB9. Reporting financial performance
- B9a. Discontinued Operation
- B9b. Assets Held for Sale4:04
- B9c. Separate disclosure of material items
- A1g / B9d. IAS 8 Changes in accounting policies and accounting estimates
- B9e. IAS 33 EPS Introduction2:20
- B9e. IAS 33 EPS - earnings figure3:37
- B9e. IAS 33 EPS - Number of shares7:18
- B9e. IAS 33 Bonus issue6:22
- B9e. IAS 33 Rights Issue5:50
- B9e. IAS 33 Basic EPS putting it all together4:13
- B9e. IAS 33 Diluted EPS8:54
- B9e. EPS as a performance measure
B10. Revenue
- B10a. Revenue Recognition - IFRS 15 - introduction7:20
- B10abcd. Revenue Recognition - IFRS 15 - 5 steps
- B10e. Exam Standard Illustrations
- B10f. Revenues - Presentation in financial statements
- B10b. Accrued and deferred Income.
B11. Government grants
All subject exam questionsB12. Foreign currency transactions
All subject exam questionsPast Papers - Financial Statements
- Question 2 (to June 14)
- Past Papers (Since Dec 14) relating to Financial Statements
- Statement of changes in equity
Chapter 3
Syllabus C. Analysing And Interpreting The Financial Statements
C1. Limitations of financial statements
C2. Interpretation of accounting ratios
- C2abcd. Profitability
- C2abcd. Gearing
- C2abcd. Liquidity
- C2e. Interpretation Of Current V Historic Value Based Financial Statements
- C2g. Other relevant information
- C2g. Other Helpful Information
C4. Specialised, not-for-profit and public sector entities
All subject exam questionsChapter 4
Syllabus D. Preparation Of Financial Statements
D1. CF - Approach to the Question
- D1c. Cashflow statements - Step 11:36
- D1c. Cashflow statements - Step 22:09
- D1c. Cashflow statement - Step 30:46
- D1c. Cashflow statement - finance costs1:13
- D1c. Cashflow statement - taxation
- D1c. Cashflow statement - Investment property
- D1c. Cashflow statements - Step 4
- D1c. Cashflow statements - Step 5 - Loans
- D1c. Cashflow statements - Step 5 - Shares
D1. Past Papers - Cash Flows
All subject exam questionsD2a. Preparing group SFP
- D2a. Business Combinations - Basics7:45
- D2a. Simple Goodwill3:20
- D2a. NCI in the Goodwill calculation2:21
- D2a. Equity Table2:57
- D2a. NCI on the SFP3:58
- D2a. Basic groups - Question (NCI @ Proportionate method)
- D2a. Basic groups - Question (NCI @ FV method)
- D2a. Associates6:38
D2cd. Adjustments
- D2cd. Unrealised Profit7:05
- D2cd. Intra-Group Balances & In-transit Items3:46
- D2cd. Share for Share Exchanges4:51
D2efg. Calculating Goodwill
- D2efg. Basic Goodwill Calculation5:22
- D2efg. Make sure you use FV of Consideration
- D2efg. Use either proportionate or FV NCI
- D2efg. Make sure you use FV of Net Assets Acquired
- D2efg. Impairment of Goodwill