Financial Accounting and Reporting (UK GAAP)The Financial Accounting and Reporting (UK GAAP) sylabus aims to enable you to prepare complete single entity and consolidated financial statements, and extracts from those financial statements, in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. In addition, you will have a working knowledge of FRS 105 and The Financial Reporting Standard applicable to the MicroEntities

The Financial Accounting paper looks at the theory of accounting and its application to practical situations

Learning outcomes: Understand and explain the structure of the international professional and conceptual framework of financial reporting

prepare and present them in conformity with FRS 102 and Companies Act 2006 and explain the application of FRS 102 to specified group scenarios

and the legal framework in which they operate

Record period end adjustments

as the ability to prepare tax computations is required to be successful

including appropriate debt management systems

C Preparation of Accounts for Single Entities

and the ability to apply relevant financial reporting standards to advanced accounting topics

as are many of the tools and techniques used by project managers involved in project work

The syllabus is structured to answer these questions and more

and the application of IFRS® Standards to specified single entity or group scenarios