ACCA-SBR-Strategic Business Reporting
This explains briefly the overall objective of the paper and indicates in the broadest sense the capabilities to be developed within the paper.
ACCA Strategic Business Reporting (SBR) – a big step up from F7 Financial Reporting – is to apply knowledge and skills and to exercise professional judgement in the application and evaluation of financial reporting principles and practices in a range of differing business situations.
The paper will comprise two sections.
Section A 2 compulsory questions 50 marks
Section B 2 compulsory questions of
25 marks each 50 marks
Section A will consist of two scenario based questions that will total 50 marks. The first question will be based on the financial statements of group entities, or extracts thereof (syllabus area D), and is also likely to require consideration of some financial reporting issues (syllabus area C). Candidates should understand that in addition to the consideration of the numerical aspects of group accounting (max 25 marks), a discussion and explanation of these numbers will also be required. The second question in Section A will require candidates to consider the reporting implications and the ethical implications of specific events in a given scenario.
Students will be required to answer a further two questions in Section B, which may be scenario or case-study or essay based and will contain both discursive and computational elements. Section B could deal with any aspect of the syllabus but will always include either a full question, or part of a question, that requires the appraisal of financial and/or non-financial information from either the preparer’s or another stakeholder’s perspective.
Two professional marks will be awarded to both the ethical issues question in Section A and the question in Section B that requires analysis
PROFESSIONAL LEVEL CERTIFICATE
Students are awarded a Professional Level Certificate when they have successfully completed all of the exams in the Professional level of the ACCA Qualification (P1–P3 and any two of the Options papers from P4, P5, P6 and P7).
On successful completion of this paper candidates should be able to:
- apply fundamental ethical and professional principles to ethical dilemmas and discuss the consequences of unethical behaviour
- evaluate the appropriateness of the financial reporting framework and critically discuss changes in accounting regulation
- apply professional judgment in the reporting of the financial performance of a range of entities
- prepare the financial statements of groups of entities
- interpret and advise on the meaning of financial statements that include non-financial data including segmental, sustainability and integrated reports for different stakeholders
- Communicate the impact of changes in accounting regulation on financial reporting.
- Lectures : 30
- Quizzes: 4
- Duration: 6 Month
- Skill level: Advanced Level
- Language: English
- Students: 20
- Assessments: 3
PER: Performance Objectives
|· PO1 – PROFESSIONALISM AND ETHICS
· PO2 – STAKEHOLDER RELATIONSHIP MANAGEMENT
|· PO6 – RECORD AND PROCESS TRANSACTIONS AND EVENTS
· PO7 – PREPARE EXTERNAL FINANCIAL REPORTS
· PO8 – ANALYSE AND INTERPRET FINANCIAL REPORTS
- Lectures 30
- Quizzes 0
- Duration 6 Months
- Skill level Advanced Level
- Language English
- Students 0
- Assessments Yes
Section 1: The professional and ethical duty of the accountant
Section B : The financial reporting framework
Section C: Reporting the financial performance of entities
Section .D Financial statements of groups of entities
Section E. Specialised entities and specialised transactions
Section F. Implications of changes in accounting regulation on financial reporting
Section G. The appraisal of financial performance and position of entities
Section H. Current developments