1. The nature and operations of the IASB
- The origins of the International Accounting Standards Board (IASB®, 'the Board')
- The structure of the IFRS Foundation
- International Accounting Standards (IAS® Standards), and International Financial Reporting Standards (IFRS® Standards) that are currently in issue
- The purpose of financial statements – The Conceptual Framework for Financial Reporting.
2. The status and use of IFRSs around the world
- A brief summary of the adoption of International Financial Reporting Standards (IFRS® Standards) in different jurisdictions
- The growth of the International Accounting Standards Board (IASB®, 'the Board') and IFRS Standards
- IFRS Standards and small and medium-sized entities.
3. Presentation and profit
- IAS 1, Presentation of financial statements
- IFRS 15, Revenue from contracts with customers
- IAS 8, Accounting policies, changes in accounting estimates and errors.
4. Accounting for assets and liabilities - part 1
- IAS 16, Property, plant and equipment
- IAS 38, Intangible assets
- IAS 40, Investment property
- IAS 36, Impairment of assets
- IAS 23, Borrowing costs
- IAS 20, Accounting for government grants and disclosure of government assistance
- IAS 2, Inventories
- IFRS 16, Leases
- IFRS 5, Non-current assets held for sale and discontinued operations.
5. Accounting for assets and liabilities - part 2
- IFRS 13, Fair value measurement
- IAS 32, Financial instruments: presentation
- IFRS 9, Financial instruments: recognition and measurement
- IFRS 7, Financial instruments: disclosures
- IAS 37, Provisions, contingent liabilities and contingent assets
- IAS 10, Events after the reporting period
- IAS 19, Employee benefits
- IAS 12, Income taxes
- IFRS 2, Share-based payment
- IAS 41, Agriculture
- IFRS 6, Exploration for and evaluation of mineral resources.
6. Group accounting
- IFRS 10, Consolidated financial statements
- IAS 27 (revised 2011), Separate financial statements
- IFRS 3, Business combinations
- IAS 28 (revised 2011), Investments in associates and joint ventures
- IFRS 11, Joint arrangements
- IFRS 12, Disclosure of interests in other entities
- IAS 21, The effects of changes in foreign exchange rates
- IAS 29, Financial reporting in hyperinflationary economies.
7. Disclosure standards
- IAS 7, Statement of cash flows
- IAS 24, Related party disclosures
- IAS 33, Earnings per share
- IAS 34, Interim financial reporting
- IFRS 4, Insurance contracts
- IFRS 1, First time adoption of IFRS
- IFRS 8, Operating segments.
8. Principal differences between UK/US GAAP and IFRS
9. Current issues in IFRS® Standards
- Convergence of IFRS Standards with US GAAP
- Convergence of IFRS Standards with UK GAAP
- The work plan of the International Accounting Standards Board (IASB®, 'the Board').
ACCA reserves the right to examine anything contained within the syllabus of the Certificate. This includes knowledge, techniques, principles, theories and concepts as specified in the syllabus and in the examinable documents contained within the syllabuses.
We update the materials, the syllabus and the examinable documents once a year to indicate which regulations and legislation could potentially be assessed. The updated syllabuses, examinable documents, materials and assessments are uploaded on the ACCA website in or around 1 April each year.
Regulation issued or legislation passed on or before 31 August annually will be assessed within the certificates from early in April until 31 March of the following year.
Regulation issued or legislation passed in accordance with the above dates may be examinable even if the effective date is in the future. The term 'issued' or 'passed' relates to when regulation or legislation has been formally approved. The term 'effective' relates to when regulation or legislation must be applied to entity transactions and business practices.
The syllabus and materials offer more detailed guidance on the depth and level at which examinable documents will be assessed. The study guide should therefore be read in conjunction with the syllabus and the examinable documents listed within the relevant syllabus.