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
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