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ACCA FR (Financial Reporting) Practice Questions (1)

In this practice, we will go through Financial Reporting (FR, was F7) Syllabus on conceptual and regulatory framework for financial reporting while they cover:

1. The need for a conceptual framework and the characteristics of useful information

2. Recognition and measurement 

3. Regulatory framework

4. The concepts and principles of groups and consolidated financial statements

It is expected to spend approximately 20 minutes to complete.

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