Strategic Business Reporting (SBR)

The Strategic Business Reporting (SBR) exam requires you to demonstrate your ability to make strategic business reporting decisions. Building on your existing knowledge and skills, in SBR you will need to link accounting issues to relevant concepts in practical situations. You will need to demonstrate judgement and often consider the perspective of different stakeholders such as investors in your answers. As well as demonstrating a sound understanding of the specific technical knowledge relating to group financial statements you will also need to exercise professional and ethical judgement.
The syllabus is assessed by a three-hour fifteen minute examination. It examines professional competences within the business reporting environment. Students will be examined on concepts, theories, and principles, and on their ability to question and comment on proposed accounting treatments. Students should be capable of relating professional issues to relevant concepts and practical situations. The evaluation of alternative accounting practices and the identification and prioritisation of issues will be a key element of the exam. Professional and ethical judgement will need to be exercised, together with the integration of technical knowledge when addressing business reporting issues in a business context. Students will be required to adopt either a stakeholder or an external focus in answering questions and to demonstrate personal skills such as problem solving, dealing with information and decision making. Students will also have to demonstrate communication skills appropriate to the scenario. The exam also deals with specific professional knowledge appropriate to the preparation and presentation of consolidated and other financial statements from accounting data, to conform with accounting standards
Topics for this course
Lesson 1 Consolidation (FR Stuff)
What is the present value for deferred consideration in Q3 for $250,000 in Year 5 at 10% discount rate?
In Q6 Full Goodwill, purchase consideration was $300,000, FVNCI at acquisition date was $50,000 while the Share Capital $100,000 and pre-acquisition profit was $60,000?
Lesson 2 Consolidation (SBR Stuff)
For Q22 Piecemeal Acquisition, the treatment for initial acquisition of 20% and subsequently 40% would be:
In disposal, where the Subsidiary is disposed off partially and parent still retained the investment as an Associate. What is the treatment of gain or loss in the consolidated profit or loss?
Lesson 3 IAS 19 Employee Benefits
Employer transfers obligation to an insurance company and promises benefits paid to employee. Employer only pays fixed premium annually and no further payment. The insurance company is responsible for any shortfall of the funds payable to employee. What plan is this?
Employer transfers obligation to an insurance company and promises benefits paid to employee. Employer pays variable premium annually which is indexed to the fund performance. The insurance company manages the funds payable to employee. What plan is this?
Lesson 4 IFRS 2 Share based payment
What is the accounting treatment for equity settled share based payment?
What is the accounting treatment for cash settled share based payment?
Lesson 5 IFRS 9 Financial Instruments
What is the treatment of a derivative under IFRS 9 Financial Instruments?
The following is the accounting treatment for FVTOCI
Lesson 6 IFRS 15 Revenue from Contract with Customers
A contractor signed a contract to renovate the existing building of the client. Under IFRS 15, what is the treatment?
Lesson 7 FR Accounting Standards
Under IAS 20 Accounting for Government Grants, any grants related to asset shall have the following accounting treatment(s):
Lesson 8 IAS 16 PPE
The following is the treatment of overhaul for PPE:
Lesson 9 IAS 36 Impairment of Assets
IAS 36 Impairment of Assets shall apply when the carrying amount is higher than the recoverable amount which is given by the higher of Value In Use or Fair Value Less Cost to Sell.
Lesson 10 IFRS 5 Non Current Assets Held for Sale and Discontinued Operation
Under IFRS 5 NCA Held For Sale, a component of an entity can be identified as a separate major line of business or geographical location.
Lesson 11 IAS 40 Investment Property
IAS 40 Investment Property allows a choice of treatment i.e. Cost model and Revaluation Model.
Lesson 12 IAS 38 Intangible Assets
IAS 38 Intangible Assets advocates that subsequent measurement should be:
Lesson 13 IAS 37 Provisions, Contingent Liabilities and Contingent Assets
Provision for decommissioning costs should be:
Lesson 14 IAS 12 Taxation
The formula to calculate deferred tax shall be Carrying Amount deduct Tax Base to obtain Temporary Difference which was multiplied with the existing tax rate to determine deferred tax c/f.
Joe Fang is a renowned ACCA lecturer specializing in both Strategic Business Reporting (SBR) and Financial Reporting (FR) papers. He has lectured thousands of ACCA students over the past 21 years in colleges & universities in Malaysia, Singapore, Hong Kong and China.
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