top of page
ACCA FR (Financial Reporting)
Guides, Practice & Mock Exam

ACCA FR (Financial Reporting) is one of papers in Applied Skills Module.  The syllabus states its aim is to develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements.

Sign up for our FREE ACCA FR exam study guide

Thanks for signing up!

Exam Structure

All questions are compulsory. The 3-hour (see below) exam will assess all parts of the syllabus and will test knowledge and some comprehensive or application of this knowledge.

Section A includes 15 two-mark objective test questions covering all areas in the syllabus.

Section B comprises 3 ten-mark questions each containing five objective test questions.

Section C comprises two 20 marks constructed response questions.  The questions will examine the interpretation and preparation of financial statements for either a single entity or a group.



ACCA FR is one of the Applied Skills Level papers in your ACCA professional qualification journey.

The syllabus begins with the conceptual framework for financial reporting with reference to the qualitative characteristics of useful information and the fundamental bases of accounting introduced in the Financial Accounting (FA) syllabus within the Knowledge module. It then moves into a detailed examination of the regulatory framework of accounting and how this informs the standard setting process.


The main areas of the syllabus cover the reporting of financial information for single companies and for groups in accordance with generally accepted accounting principles and relevant accounting standards.


Finally, the syllabus covers the analysis and interpretation of information from financial reports.

It is important to stress that the knowledge and skills in Financial Reporting are partly from Financial Accounting.  The areas such as conceptual framework for financial reporting, recording transactions and preparing financial statements. 

bottom of page