f7-intro讲义教材.ppt

5-1 ACCA F7 Financial Reporting Chen Jie 1204529046@ 北区综合楼502CPA中心 DETAILED SYLLABUS AND STUDY GUIDE A. Conceptual framework for financial reporting The need for a conceptual framework Understandability, relevance, reliability and comparability Recognition and measurement The legal versus the commercial view of accounting Alternative models and practices The concept of “faithful representation’ (true and fair view 5-4 DETAILED SYLLABUS AND STUDY GUIDE B. Regulatory framework for financial reporting 1. Reasons for the existence of a regulatory framework 2. The standard setting process 3. Specialized, not-for-profit, and public sector entities 5-5 DETAILED SYLLABUS AND STUDY GUIDE C. Financial statements 1. Cash flow statements 2. Tangible non-current assets 3. Intangible assets 4. Inventory 5. Financial assets and financial liabilities 6. Leases 7. Provisions, contingent liabilities and contingent assets 8. Impairment of assets 9. Taxation 10. Regulatory requirements relating to the preparation of financial statements 11. Reporting financial performace 5-6 DETAILED SYLLABUS AND STUDY GUIDE D. Business combinations 1. The concept and principles of a group 2. The concept of consolidated financial statements 3. Preparation of consolidated financial statements including an associate 5-7 DETAILED SYLLABUS AND STUDY GUIDE E. Analyzing and interpreting financial statements 1. Limitation of financial statements 2. Calculation and interpretation of accounting ratios and trends to address users’ and stakeholders’ needs 3. Limitations of interpretation techniques 4. Specialized, not-for- profit, and public sector entities 5-8 Exam Format The syllabus is assessed by a three-hour paper based examination. All questions are com