What this means:

  • The majority of countries use IFRS therefore our members have the technical knowledge to prepare business reports across a wide range of jurisdictions.
  • Transactions are increasingly complex and require deep analysis to be able to identify the key issues.
  • The Strategic Business Reporting exam focuses on understanding and communicating what transactions mean and their impact.

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Experience is needed to prepare financial statements and integrated reports on corporate performance for external stakeholders.

Technical and ethical

Technical and ethical knowledge is essential in monitoring, evaluating and applying accounting standards, regulations and frameworks.

Emotional intelligence

To appraise and communicate to stakeholders the financial and non-financial performance and position of entities requires Emotional Intelligence.

Developing the Corporate and Business Reporting competency

Explore the competency statements to discover how the ACCA Qualification develops this competency through a combination of exams, experience and ethics. Browse related jobs to find relevant finance roles and opportunities.

A. Prepares financial statements, corporate financial and integrated reports for external stakeholders using appropriate technology.

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    A1. Records simple and complex accounting transactions.

    A2. Taking advantage of IT applications extracts the trial balance resolving any imbalances.

    A3. Ensures that accounting policies and processes are fit for:

    • preparing external financial statements
    • classifying information correctly.

    A4. Prepares a complete set of financial statements – including disclosure notes:

    • in accordance with accounting standards
    • applying financial reporting regulatory and conceptual frameworks
    • applying relevant enforcement decisions.

    A5. Consults with stakeholders in appraising information required to prepare financial statements.

    Then reviews the financial statement to:

    • correct errors
    • disclose events after the reporting date. 

    A6. Discloses non-financial information to provide a holistic view for stakeholders of the organisation. An example of looking beyond the numbers is integrated reporting. 

    A7. Exploits digital technology to present information in a more decision-relevant and accessible way with the objective of engaging corporate report users.

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Exams Syllabus Experience Ethics
Financial Accounting F1, F2, F3, F4, F5, F6, G1, G2 PO7 a, b, c, d, e  
Financial Reporting D1, D2 PO6 a, b, c, d, e  
Strategic Business Reporting C1, C2, C3, C4, C5, C6, C7, C8, C9, C10    

B. Leads effective decision making through analysing, evaluating and communicating performance and position of entities.

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    B1. Based on interpretation of financial statements and disclosure notes analyses performance and position of an entity. Identifies key financial and non- financial performance indicators (KPIs). Discusses and explains relationship of KPIs with performance. 

    B2. Thinks critically and uses professional scepticism in reviewing of corporate reporting information.

    Through analysis and knowledge of events and industries ensures consistency in corporate reporting.

    B3. Utilises technology to improve backward and forward-looking analysis and communication.

    Examples of technology used includes:

    • big data tools
    • cloud applications
    • smart software.

    B4. Analyses how the context in which the organisation operates influences its corporate reporting.

    B5. Appraises the financial and non-financial performance of a range of entities, such as public sector or not-for-profits.

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Exams Syllabus Experience Ethics
Financial Accounting H1, H2, H3 PO8 a, c, d  
Financial Reporting C1, C2, C3    
Strategic Business Reporting E1    

C. Prepares financial statements for groups of entities using appropriate technologies.

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    C1. Prepares a full set of financial statements for group entities in accordance with accounting standards.

    C2. Prepares financial statements for business combinations.

    C3. Applies appropriate accounting policies for group financial statements.

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Exams Syllabus Experience Ethics
Financial Reporting D2    
Strategic Business Reporting D1, D2, D3, D4 PO6 b  

D. Monitors, critically evaluates, and advises on the relevant accounting standards, regulation and conceptual and reporting frameworks.

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    D1. Monitors, evaluates and communicates the impact of changes, current developments and trends in accounting standards and regulation. Recommends how these should be implemented and adapted in a relevant manner by the organisation to ensure compliance.

    D2. Applies the principles, frameworks, standards and techniques of reporting non-financial performance. One example of such a framework is Integrated Reporting (IR).

    D3. Applies emerging standards requiring more advanced grasp of financial mathematics.

    Relevant standards are for:

    • asset liability management and
    • financial instruments.

    D4. To create a culture of compliance and shared accountability applies ethical principles to appraise and mitigate threats to professional behaviour arising from the global corporate reporting landscape.


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Exams Syllabus Experience Ethics
Financial Accounting All syllabus areas    
Financial Reporting All syllabus areas PO7 a, c, d, e  
Strategic Business Reporting F1    

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