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ACCA FR (Financial Reporting) Practice Questions (2)



In this practice, we will go through Financial Reporting (FR, was F7) Syllabus on accounting for transactions in financial statements while they cover:


1. Tangible non-current assets

2. Intangible assets

3. Impairment of assets

4. Inventories and agriculture

5. Financial instruments

6. Leasing

7. Provisions and events after the reporting period

8. Taxation

9. Reporting financial performance

10. Revenue

11. Government grants

12. Foreign currency transactions


In this knowledge test below, it covers 1) Tangible non-current assets accounting, 2) impairment of assets and, 3) accounting for government grants.  It is expected to spend approximately 20 minutes to complete.



In this knowledge test below, it covers 1) Financial instruments, 2) Accounting for leases, 3) Contingent liabilities and 4) Events after reporting period.  It is expected to spend approximately 20 minutes to complete.


In this knowledge test below, it covers 1) Inventory and agriculture, 2) Deferred tax and 3) Earnings per share.  It is expected to spend approximately 20 minutes to complete.







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