About Financial Reporting (FR)
Financial Reporting (FR) provides you with the skills required to apply accounting standards and the conceptual framework in the preparation of financial statements and how to analyze and interpret those financial statements.
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FR is a three-hour exam, comprising three sections. All questions are compulsory.
Calculate – ascertain by computation. Provide description along with numerical calculations.
Explain – make an idea clear. Show logically how a concept is developed & give the reason for an event.
Comment – remark or express an opinion. Include an explanation, illustration or criticism.
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