STRATEGIC BUSINESS REPORTING (INT)

BY ACCA MEGHA BHANSALI

Understanding the paper pattern:

 Section A: 50 Marks question, part a of 30 marks from Group Accounting and part b
of 20 marks from Ethical implication based on the scenario.
 Section B: 2 questions of 25 Marks each from rest of the topics, includes case study-
based question, scenario based or essay based.

Decoding previous exams:

Section A:
 Group Accounting: Excel linking is given 5-7 marks of weightage, balance 25-22
marks are for calculation and most often asked is Goodwill calculation, gain/loss on
Disposal of subsidiary, part by party acquisition calculation. Group Cash flow is also
important.
 Ethical issues are asked every attempt. For ethics it is important to state the ethical
issue and its implication.

Section B:
 Follow 3 step method to answer section B question:
1. State the IAS/IFRS and what it says
2. How the relevant IAS/IFRS will apply in the given scenario
3. Conclusion

 Frequently asked IAS are: (In the order of most asked to at least asked)
 IAS37: Provision, Contingent Liabilities and Assets
 IAS 36: Impairment of Assets
 IAS 38: Intangible Assets
 IFRS 15: Revenue from customers
 IFRS 16: Leases
 IAS 19: Employee Benefit
 IFRS 9: Financial Instruments
 IFRS 5: Non-current Assets held for sale and discontinued operations
 IAS 12: Taxation
 IFRS 13: Fair Value Measurement
 IAS 24: Related Party
 IFRS 3: Business Combinations
 IAS 28: Investment in Associates and Joint Venture
 ACCA Megha Bhansali
SBR EXAM TIP

 Other topics:
 Ratios
 Disclosures
 Integrated Reporting
 Sustainability Reporting
 Discussion of issues in Financial Reporting

How to score Professional marks?

 Plan your answer
 Use headings and short paragraphs
 Consider the stakeholders-relevant content and appropriate one.

Studying beyond the study text:

 Practice all Recent Past Paper which are available on ACCA website in a 3-hour
examination like scenario on CBE Platform.
https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-
exams-study-resources/strategic-business-reporting/past-exam-papers.html

 Read examiner reports of recent 2 examination at least, examiners provide suggestion

and feedback to students on things to do.
https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-
exams-study-resources/strategic-business-reporting/examiners-reports1.html

 Read all Technical articles: https://www.accaglobal.com/gb/en/student/exam-support-

resources/professional-exams-study-resources/strategic-business-reporting/technical-
articles.html

 Complete Ethics and Professional module before attempting SBR

 Refresh your concept knowledge using self-check quiz and knowledge recap module
available on ACCA website.
https://studentvirtuallearn.accaglobal.com/course/index.php?categoryid=9

Exam Tips:
 Time Management:
Typically for a 3 hours exam, spend 1.5 hours on Section A question, 45 minutes on
each section B question and balance 15 minutes for a quick review of answer

 Application of knowledge:
ACCA exams are designed to test not only knowledge, but also application of
knowledge. Answer needs to be tailored according to the question.
 ACCA Megha Bhansali
SBR EXAM TIP

Don’t simply regurgitate everything you can remember. Select relevant points and
explain how they apply to the facts in the scenario

 Calculations:
You may need to produce some calculations as part of an explanation but numbers
alone will not earn enough marks to pass

Reach out for any guidance:

WhatsApp number: +91 96807 56998
Website: www.meghabhansaliclasses.com