Applied Skills · Free Study Guide

FR Financial Reporting

Prepare and interpret financial statements using international accounting standards.

Paper Overview

Financial Reporting (FR) is a significant step up from Financial Accounting (FA). It requires you to prepare financial statements for single entities and groups, apply a wide range of IFRS standards, and interpret and analyse financial performance. FR is the most technically demanding of the Applied Knowledge-adjacent papers.

Exam Format

Format Computer-Based Exam (CBE)
Duration 3 hours + 10 minutes reading time

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