FR Summary 2017-2018 PDF

F7 Financial Reporting
For exams in September 2017,

December 2017, March 2018 and June 2018
BPP LEARNING MEDIA FINANCIAL REPORTING

For exams in September 2017, December 2017, March 2018 and June 2018
Chapter 1
The conceptual
framework
— Conceptual framework
— GAAP
— Objectives: assumptions
— Qualitative characteristics
— Elements
— Capital maintenance

Conceptual framework

GAAP

Objectives: assumptions

Qualitative characteristics

Elements

Elements (cont’d)

Capital maintenance

Chapter 2
The regulatory
framework
— IASB
— IFRS
— Criticisms

IASB

IFRS

Criticisms

Chapter 3
Tangible non-current
assets
— IAS 16
— IAS 40
— IAS 23

IAS 16

IAS 16 (cont’d)

IAS 16 (2)

IAS 40

IAS 23

Chapter 4
Intangible assets
— IAS 38
— Goodwill

IAS 38

IAS 38 (cont’d)

IAS 38 (2)

IAS 38 (2) (cont’d)

Goodwill

Chapter 5
Impairment of assets
— IAS 36

IAS 36

IAS 36 (cont’d)

IAS 36 (2)


IAS 36 (3)


Chapter 6
Revenue
— IFRS 15
— 5-Step model
— Performance obligations
— IAS 20

IFRS 15

5-Step model

Performance obligations

Performance obligations (cont’d)

Performance obligations (2)

Performance obligations (2) (cont’d)

IAS 20

Chapter 7
Introduction to
groups
— Group accounts
— IFRS 10

Group accounts

Group accounts (cont’d)

IFRS 10

Chapter 8
The consolidated
statement of financial
position
— Consolidated statement of financial position

— IFRS 3
— Method
— Fair values

Consolidated statement of financial position

IFRS 3

IFRS 3 (2)

IFRS 3 (2) (cont’d)

Method

Method (cont’d)

Method (2)

Fair values

Fair values (2)

Chapter 9
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
— Disposals

Consolidated statement of profit or loss

Consolidated statement of profit or loss
(cont’d)

Consolidated statement of profit or loss (2)

Consolidated statement of profit or loss and
other comprehensive income

Disposals

Chapter 10
Accounting for
associates
— Associates

Associates

Chapter 11
Financial instruments
— IAS 32
— IFRS 9
— IFRS 7

IAS 32

IAS 32 (cont’d)

IFRS 9

IFRS 9 (cont’d)

IFRS 9 (2)


IFRS 9 (3)

IFRS 7

Chapter 12
Leasing
— Leases
— Accounting treatment
— Disclosures: lessees

Leases

Accounting treatment

Disclosures: lessees

Disclosures: lessees (cont’d)

Disclosures: lessees (2)

Chapter 13
Provisions and
events after the
reporting period
— IAS 37
— IAS 10

IAS 37

IAS 37 (cont’d)

IAS 10

Chapter 14
Inventories and
biological assets
— IAS 2
— IAS 41

IAS 2

IAS 41

Chapter 15
Taxation
— Current tax
— Deferred tax
— Taxable temporary differences
— Deductible temporary differences
— Disclosure

Current tax

Deferred tax

Taxable temporary differences

Deductible temporary differences

Disclosure

Chapter 16
Presentation of
published financial
statements
— Statement of financial position

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

Statement of financial position

Statement of profit or loss and other

Changes in equity

Other matters

Chapter 17
Reporting financial
performance
— IAS 8
— IFRS 5
— Foreign currency

IAS 8

IAS 8 (cont’d)

IAS 8 (2)

IFRS 5

IFRS 5 (2)


Foreign currency

Chapter 18
Earnings per share
— Basic EPS
— Changes in capital structure
— Diluted EPS

Basic EPS

Changes in capital structure

Diluted EPS

Chapter 19
Calculation and
interpretation of
accounting ratios
and trends
— Profitability
— Liquidity
— Gearing
— Investors’ ratio

Profitability

Liquidity

Liquidity (2)

Gearing

Investors’ ratios

Chapter 20
Limitations of
financial statements
and interpretation
techniques
— Limitations of financial statements

— Accounting policies and the limitations of
ratio analysis

Limitations of financial statements

Accounting policies and the limitations of ratio
analysis

Chapter 21
Statements of cash
flows
— IAS 7 Statement of Cash Flows

— Workings
— Interpretation

IAS 7

IAS 7 (cont’d)

IAS 7 (2)

Workings

Interpretation

Chapter 22
Accounting for
inflation
— Capital maintenance
— CPP/CCA

Capital maintenance

CPP/CCA

Chapter 23
Not-for-profit and
public sector entities
— Primary aims
— Regulatory framework
— Performance measurement

Primary aims

Regulatory framework

Performance measurement

Copyright notice
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complete and accept no liability for any loss or damage suffered by any person acting or refraining from acting as a result of the material in this
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The publishers are grateful to the IASB for permission to reproduce extracts from the International Financial Reporting Standards including all
International Accounting Standards, SIC and IFRIC Interpretations (the Standards). The Standards together with their accompanying documents
are issued by:
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F7 Financial Reporting

For exams in September 2017,

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

— Consolidated statement of financial position

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

— Consolidated statement of profit or loss

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING

BPP LEARNING MEDIA FINANCIAL REPORTING