Please note this course follows the IFRS syllabus.
This Professional Level course will enable students to prepare complete single entity and consolidated financial statements, and extracts from those financial statements, covering a wide range of International Financial Reporting Standards (IFRS). Students will also be required to explain accounting and reporting concepts and ethical issues, and the application of IFRS to specified single entity or group scenarios.
On completion of this course students will be able to:
Learning outcomes apply to non-specialised profit-oriented entities unless otherwise specified.
Method of assessment
The Financial Accounting and Reporting module is assessed by a 3 hour computer-based exam. The exam contains four written test questions that covers the following areas:
Please note students are allowed a permitted text being the IFRS standards.
Each ICAEW Advanced classroom course will comprise a teaching phase, followed by a revision phase culminating in a timed final mock exam that is marked with detailed individual feedback.
All course materials will be provided, including ICAEW mandatory materials and Vale FT course notes.