Financial Reporting

FR - Applied Skills Level

A. The conceptual and regulatory framework for financial reporting

3 modules • Has lessons • Understand the principles that underpin financial reporting. This section covers the objective of financial statements, standard-setting bodies, conceptual frameworks, and the role of IFRS. It lays the foundation for consistent, comparable, and useful financial information.

B. Accounting for transactions in financial statements

14 modules • Has lessons • 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.

C. Analysing and interpreting the financial statements of single entities and groups

4 modules • Has lessons • Explore how to evaluate performance and financial position using financial statements. This includes profitability, liquidity, and efficiency analysis, along with interpretation of disclosures and segmental information.

D. Preparation of financial statements

6 modules • Has lessons • Develop practical skills in compiling income statements, balance sheets, and cash flow statements. You’ll follow IAS/IFRS formats and apply adjustments to create accurate financial reports.