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Guided practice

Exam-style FR questions worked on a practice sheet, with hints and Show me how when you are stuck, then exam-style MCQs to finish.

Chapter 3: Presentation of Financial Statements (IFRS 18)

  1. Chapter 3Statement of profit or loss and financial position from a trial balance3 questions · 5 exam-style MCQs
  2. Chapter 3Statement of changes in equity: issues, dividends and a revaluation with a reserve transfer3 questions · 5 exam-style MCQs

Chapter 4: Statement of cash flows (IAS 7)

  1. Chapter 4Statement of cash flows extracts by the indirect method4 questions · 5 exam-style MCQs

Chapter 5: Non-current assets

  1. Chapter 5Revaluation up and down, and a change in estimate3 questions · 5 exam-style MCQs
  2. Chapter 5Borrowing costs: specific loans, investment income and general borrowings3 questions · 5 exam-style MCQs
  3. Chapter 5Government grants: deferred income and netting off2 questions · 5 exam-style MCQs
  4. Chapter 5Investment property: change of use and the fair value model2 questions · 5 exam-style MCQs

Chapter 6: Intangible assets (IAS 38)

  1. Chapter 6Intangibles: research, development, purchased assets and amortisation2 questions · 5 exam-style MCQs

Chapter 7: Impairments (IAS 36)

  1. Chapter 7Impairment of an individual asset: cost model and revalued asset2 questions · 5 exam-style MCQs
  2. Chapter 7Allocating an impairment loss across a cash-generating unit2 questions · 5 exam-style MCQs

Chapter 8: Non-current assets held for sale and discontinued operations (IFRS 5)

  1. Chapter 8Held for sale on classification, and re-presenting a discontinued operation2 questions · 5 exam-style MCQs

Chapter 9: Accounting policies, changes in accounting estimate and errors (IAS 8)

  1. Chapter 9Correcting a prior period error retrospectively2 questions · 5 exam-style MCQs

Chapter 10: Inventory (IAS 2) and Agriculture (IAS 41)

  1. Chapter 10Inventory: cost at normal output and net realisable value2 questions · 5 exam-style MCQs

Chapter 11: Financial instruments (IFRS 9)

  1. Chapter 11Financial assets: fair value through profit or loss and amortised cost3 questions · 5 exam-style MCQs
  2. Chapter 11Financial liabilities at amortised cost2 questions · 5 exam-style MCQs
  3. Chapter 11Convertible debentures: splitting liability and equity2 questions · 5 exam-style MCQs

Chapter 12: Leases (IFRS 16)

  1. Chapter 12Lessee accounting: right-of-use asset, liability and the exemptions4 questions · 5 exam-style MCQs
  2. Chapter 12Sale and leaseback at fair value2 questions · 5 exam-style MCQs

Chapter 13: Provisions, contingent assets and contingent liabilities (IAS 37)

  1. Chapter 13Provisions - discounting, decommissioning and the best estimate3 questions · 5 exam-style MCQs

Chapter 15: Income taxes (IAS 12)

  1. Chapter 15Income taxes - current tax, deferred tax schedules and revaluations3 questions · 5 exam-style MCQs

Chapter 16: Revenue from contracts with customers (IFRS 15)

  1. Chapter 16Revenue - the five steps, allocation and financing components3 questions · 5 exam-style MCQs
  2. Chapter 16Revenue over time - progress, profit and the contract asset or liability2 questions · 5 exam-style MCQs

Chapter 17: Foreign currency (IAS 21)

  1. Chapter 17Foreign currency transactions - initial recording, year end and settlement2 questions · 5 exam-style MCQs

Chapter 19: Earnings per share (IAS 33)

  1. Chapter 19Basic EPS - full-price, bonus and rights issues3 questions · 5 exam-style MCQs
  2. Chapter 19Diluted EPS - convertibles and share options3 questions · 5 exam-style MCQs

Chapter 20: Financial performance (profitability)

  1. Chapter 20Profitability ratios - margins, interest cover and one-off items2 questions · 5 exam-style MCQs

Chapter 21: Financial position

  1. Chapter 21Liquidity and working capital - days, current and quick ratios2 questions · 5 exam-style MCQs

Chapter 22: Investor analysis

  1. Chapter 22Investor ratios - EPS, dividend cover, dividend yield and P/E1 question · 5 exam-style MCQs

Chapter 23: Consolidated statement of financial position

  1. Chapter 23Consolidated SFP - goodwill, NCI (both methods) and the workings2 questions · 5 exam-style MCQs
  2. Chapter 23Consolidated SFP - consideration, unrealised profit and fair values2 questions · 5 exam-style MCQs

Chapter 24: Group statement of profit and loss

  1. Chapter 24Consolidated statement of profit or loss - mid-year acquisition, dividends and unrealised profit3 questions · 5 exam-style MCQs
  2. Chapter 24Disposal of a subsidiary - the group profit on disposal1 question · 5 exam-style MCQs

Chapter 25: Associates (IAS 28)

  1. Chapter 25Associates - the equity method in the group statements2 questions · 5 exam-style MCQs