ACCA Exam Tips

Q1 Prepare consolidated financial statements with adjustments relating to multiple non-consolidation FRSs

  • Consolidated statement of cash flows with changes of parent’s interest in subsidiary WITH adjustments relating various FRSs (see below)
  • Consolidation of foreign subsidiary and/or foreign associate with changes of parent’s interest in subsidiary WITH adjustments relating various FRSs (see below)
  • Discuss conceptual/ethical issues


Q2/Q3 These questions will be scenario based which require you to advise on suitable accounting practices, include analysing and interpreting the financial position and performance of an entity. This may include the appraisal of ethical and professional issues in advising clients. The questions are likely to integrate many topics (FRSs) within a single question.


Q4 Likely to be an essay question which covers currently discussed issues (with application into mini-case question) such as:

  • FRS110 Consolidated Financial Statements
  • Conceptual Framework for Financial Reporting
  • Revenue from Contracts with Customers
  • FRS for SMEs


Important FRSs you should not miss for this coming exam:

FRS110, FRS28R, FRS103, FRS12, FRS16, FRS18, FRS21, FRS36, FRS37, FRS38, FRS32, IFRS9, FRS102

FRS24, FRS33,

ACCA Preparatory Course

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