F7

Financial Reporting International and UK

June 2014 Exams

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Chapter 1
The conceptual
framework

— Conceptual framework
— GAAP
— Objectives: assumptions
— Qualitative characteristics
— Elements
— Capital maintenance

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Conceptual framework

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GAAP

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Objectives: assumptions

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Qualitative characteristics

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Elements

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Elements (cont’d)

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Capital maintenance

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Chapter 2
The regulatory
framework

— IASB
— IFRS
— Criticisms

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IASB

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IFRS

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Criticisms

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Chapter 3
Presentation of
published financial
statements

— Statement of financial position

— Statement of profit of loss and other
comprehensive income
— Changes in equity
— Other matters

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Statement of financial position

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Statement of profit or loss and other
comprehensive income

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Changes in equity

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Other matters

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Chapter 4
Non-current assets

— IAS 16
— IAS 20
— IAS 40
— IAS 23

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IAS 16

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IAS 16 (cont’d)

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IAS 16 2

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IAS 20

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IAS 40

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IAS 23

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Chapter 5
Intangible assets

— IAS 38
— Goodwill

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IAS 38

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IAS 38 (cont’d)

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IAS 38 2

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IAS 38 2 (cont’d)

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Goodwill

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Chapter 6
Impairment of assets

— IAS 36

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IAS 36

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IAS 36 (cont’d)

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IAS 36 2

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IAS 36 2 (cont’d)

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IAS 36 3

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IAS 36 3 (cont’d)

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Chapter 7
Reporting financial
performance

— IAS 8
— IFRS 5

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IAS 8

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IAS 8 (cont’d)

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IAS 8 2

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IFRS 5

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IFRS 5 2

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IFRS 5 2 (cont’d)

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Chapter 8
Introduction to
groups

— Introduction to groups
— IFRS 10

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Group accounts

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Group accounts (cont’d)

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IFRS 10

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Chapter 9
The consolidated
statement of financial
position

— Consolidated statement of financial position

— IFRS 3 revision
— Method
— Fair values

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Consolidated statement of financial position

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IFRS 3 revision

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IFRS 3 revision 2

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IFRS 3 revision 2 (cont’d)

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Method

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Method (cont’d)

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Method 2

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Fair values

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Fair values 2

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Chapter 10
The consolidated
statement of profit or
loss and other
comprehensive income

— Consolidated statement of profit or loss

— Consolidated statement of profit or loss and
other comprehensive income

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Consolidated statement of profit or loss

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Consolidated statement of profit or loss
(cont’d)

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Consolidated statement of profit or loss 2

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Consolidated statement of profit or loss and
other comprehensive income

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Chapter 11
Accounting for
associates

— Associates

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Associates

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Chapter 12
Inventories and
construction contracts

— IAS 2
— IAS 11

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IAS 2

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IAS 11

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IAS 11 2

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IAS 11 2 (cont’d)

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IAS 11 3

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Chapter 13
Provisions, contingent
liabilities and
contingent assets

— IAS 37

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IAS 37

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IAS 37 (cont’d)

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Chapter 14
Financial assets and
liabilities

— IAS 32
— IFRS 9
— IFRS 7

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IAS 32

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IAS 32 (cont’d)

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IFRS 9

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IFRS 9 (cont’d)

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IFRS 9 2

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IFRS 9 2 (cont’d)

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IFRS 9 2

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IFRS 7

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Chapter 15
The legal versus
commercial view of
accounting

— Off balance sheet

— Substance over form
— Conceptual framework
— Revenue recognition

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Off balance sheet finance

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Off balance sheet finance (cont’d)

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Substance over form

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Conceptual framework

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Conceptual framework 2

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Revenue recognition

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Revenue recognition 2

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Chapter 16
Leasing

— Types of lease
— Accounting treatment
— Disclosures: lessees

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Types of lease

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Accounting treatment

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Disclosures: lessees

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Disclosures: lessees (cont’d)

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Disclosures: lessees 2

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Chapter 17
Accounting for
taxation

— Current tax
— Deferred tax
— Taxable temporary differences
— Deductable temporary differences
— Disclosure

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Current tax

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Deferred tax

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Taxable temporary differences

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Deductible temporary differences

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Disclosure

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Chapter 18
Earnings per share

— Basic EPS
— Changes in capital structure
— Diluted EPS

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Basic EPS

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Changes in capital structure

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Diluted EPS

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Chapter 19
Analysing and
interpreting financial
statements

— Profitability
— Liquidity
— Gearing
— Investors’ ratio

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Profitability

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Liquidity

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Liquidity 2

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Gearing

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Investors’ ratios

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Chapter 20
Limitations of financial
statements and
interpretation
techniques

— Limitations of financial statements

— Accounting policies and the limitations of
ratio analysis

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Limitations of financial statements

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Accounting policies and the limitations of ratio
analysis

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Chapter 21
Statements of cash
flows

— IAS 7
— Standard workings
— Interpretation

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IAS 7

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IAS 7 (cont’d)

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IAS 7 2

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Standard workings

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Interpretation

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Chapter 22
Alternative models
and practices

— Capital maintenance
— CPP/CCA

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Capital maintenance

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CPP/CCA

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Chapter 23
Not-for-profit and
private sector entities

— Primary aims
— Regulatory framework
— Performance measurement

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Primary aims

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Regulatory framework

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Performance measurement

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