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ACCA December Exams

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Presentation of financial statements – introduction – ACCA Financial Reporting (FR)

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  4. Thank you so much for this and other lectures.
    Been following through for each chapter and your lectures have been so helpful.
    I hope to continue to the last before the exams in December.
    Once again, THANKS !

  9. I have a doubt, can you prepare for FR with having only have the basic knowledge of F3 or do you need to have strong knowledge about F3?

  14. Sir, is it ok even if the current assets are presented in SFP before the intangible and non-current assets, similarly current liabilities before equity and non current liabilities?

    Out of the topic I also want to know if possible, whether I can present the net assets (current assets-current liabilities) in SFP.

    • Hi,

      You should stick to the prescribed formats as that is how it is shown in IAS 1. So the non-current assets should be before current assets. The equity is then shown before the non-current and current liabilities.

      Also, don’t net off the current assets and current liabilities.

      Thanks

  15. Hi Chris! Thanks a lot for your outstanding lectures!
    I had a question – please, could you guide me where do I represent interest rate swap?
    Thanks a lot in advance!

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