ACCA FR study plan

Explain the objective of general purpose financial statements and the qualitative characteristics using the conceptual framework's own terminology

Apply the recognition and measurement criteria to elements of the financial statements, distinguishing between definition, recognition and derecognition

Identify the role of the IASB, the IFRS Interpretations Committee and the standard-setting due process, and describe how IFRS is adopted and enforced in a national jurisdiction

Calculate revenue and the related contract asset/liability for contracts with multiple performance obligations, variable consideration and financing components under IFRS 15

Record and adjust transactions for property, plant and equipment including revaluation, depreciation and derecognition

Account for leases from both lessee and lessor perspectives, computing the right-of-use asset, lease liability and the interest/amortisation split

Apply the expected credit loss model to trade receivables and explain the impairment of non-financial assets including cash-generating units

Recognise and measure provisions, contingent liabilities and contingent assets, and discount decommissioning obligations

Compute current and deferred tax, including temporary differences arising from accelerated capital allowances and revaluations

Distinguish between debt and equity classification and account for the basic measurement of financial liabilities at amortised cost

Prepare a statement of profit or loss, statement of financial position and statement of changes in equity from an unadjusted trial balance with a list of notes

Adjust a trial balance for depreciation, accruals, prepayments, inventory write-downs, tax and revaluation before drafting the statements

Prepare a statement of cash flows using the indirect method, classifying and adjusting each line correctly

Draft the disclosure notes that an exam question commonly requires, including PPE reconciliation and earnings per share

Prepare a consolidated statement of financial position combining parent and subsidiary, eliminating the investment and calculating goodwill

Adjust for intra-group sales, unrealised profit in inventory, intra-group receivables/payables and intra-group dividends

Measure non-controlling interest under both the proportionate and fair value methods and explain the effect of each on goodwill

Prepare a consolidated statement of profit or loss including the time-apportionment of a mid-year acquisition

Explain the accounting treatment of associates and joint arrangements using the equity method

Calculate the full set of profitability, efficiency, liquidity, gearing and investor ratios from a set of published-style statements

Interpret ratio movements by separating business performance from accounting policy and finance/leverage effects

Evaluate a company's performance in a 20-mark written answer, structuring points as cause, consequence and recommendation

Analyse limitations of ratio analysis, including the effect of inflation, seasonality, one-off items and differing accounting policies

Interpret consolidated group ratios and explain the effect of an acquisition on group comparability

Build a spreadsheet model that extracts and summarises financial data, using lookup, IF, and pivot-table techniques to produce a ratio dashboard

Apply data-analytics techniques to test a dataset for completeness and accuracy, and document the results for a reviewer

Communicate accounting judgements in a clear, professional written form suitable for a client or manager, avoiding jargon

Explain the ethical and professional obligations that apply when preparing or reviewing financial information, including confidentiality and integrity

Revisit the conceptual framework's measurement bases and explain the trade-off between relevance and faithful representation for each

Diagnose individual weak areas from the mock results and re-work the underlying standard or technique for each one

Practise Section C exam technique: allocate time, plan the answer before writing, and show workings in the marked format

Re-solve previously incorrect questions from weeks 1 to 6 without notes

Complete a full timed Section A and Section B paper and review every error against the relevant standard

Complete two full-length timed mock exams under exam conditions, including both Section C questions

Review the marking guides line by line and convert each lost mark into a specific rule or template to memorise

Recite the core workings from memory: goodwill, NCI, group retained earnings, deferred tax and cash flow adjustments

Consolidate revision notes onto a single two-page formula and standard reference sheet

Set out a final-week routine covering sleep, exam-day timing and question-selection strategy