This module is not currently running in 2024 to 2025.
The module will aim to cover the following topics:
• the conceptual framework of financial reporting
• the financial reporting environment
• the regulation of financial reporting
• group accounting
• the International Accounting Standards Board
• content and application of International Accounting Standards as appropriate
• accounting standards
• accounting for transactions in financial statements
Total contact hours: 66
Private study hours: 234
Total study hours: 300
Main assessment methods:
Exam, 3 hours (70%)
In-Course Test 1 (10%) – 45 minutes
In-Course Test 2(10%) – 45 minutes
Communication Skills Report (1500 words) (10%)
Reassessment methods
100% exam
ACCA Paper F7 Financial Reporting (FR) Complete Text (2016), Wokingham: Kaplan Publishing UK
ACCA Paper F7 Financial Reporting (FR) Exam Kit (2016), Wokingham: Kaplan Publishing UK
Alexander, D., Britton, A., and Jorissen, A., (2014): International financial reporting and analysis (6th edition) London: Cengage Learning
Elliott, B. and Elliott, J. (2015): Financial accounting and reporting (17th edition), London: FT Prentice Hall
See the library reading list for this module (Canterbury)
The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- evaluate the regulatory, commercial, professional and social environment within which financial statements are prepared, published and used, beyond that available from Financial Accounting I
- evaluate aspects of the economic, decision-theoretic and behavioural underpinning to financial reporting, beyond that available from Financial Accounting I
- apply the technical language and practices employed in recognition, measurement and disclosure in financial statements , beyond that available from Financial Accounting I
- identify alternative technical languages and practices proposed for use in recognition and measurement in financial statements, to reflect changes in prices, beyond that available from Financial Accounting I
The intended generic learning outcomes.
On successfully completing the module students will be able to:
- evaluate arguments and evidence
- manipulate financial data
- prepare financial statements
- communicate effectively
University of Kent makes every effort to ensure that module information is accurate for the relevant academic session and to provide educational services as described. However, courses, services and other matters may be subject to change. Please read our full disclaimer.
