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Financial Reporting

The F7 Unit in Financial Reporting is an ACCA Fundamental Level paper, and will consider the application of International Accounting Standards, and the theoretical framework, in the preparation of financial statements of entities. This paper introduces new accounting standards, and seeks to build upon prior knowledge developed in either the F3 Unit or in a relevant AAT qualification.

The paper includes all of the major financial statements such as the Statement of Profit or Loss, Statement of Financial Position (or Balance Sheet), Statements of Changes in Equity and the Statement of Cash Flows. Financial statements will be prepared for single entities and for simple groups of entities, and you will also consider financial analysis of these statements.

All of our ACCA units are delivered at the Professional Centre in Heathfield, Newton Abbot, and entry to this course is through tutor interview, and requires relevant prior qualifications and work experience.

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“I had heard a lot of good things about South Devon College and I didn’t want to travel far, also I wanted a change from the school environment to feel part of something bigger and better. I’ve learnt different aspects of business which I will need for the future.”Serena Gardner

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We have courses to suit everyone so if you haven’t found exactly what you’re looking for yet, we recommend you take a look at the following courses. We’ve selected these for you based on your interests.

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