Advanced Level Financial Reporting Exam Room Notes 2019

Our Advanced Level Financial Reporting Exam Room Notes 2019 provide an alphabetically-organised set of quick reference notes of relevance to both the Corporate Reporting and Strategic Business Management Advanced Level examinations. The 2019 edition of the book has been extensively revised to allow for IFRS 9 and IFRS 15 becoming the main examinable standards on financial instruments and revenue (respectively) in the 2019 Advanced Level syllabus.

We have worked backwards from the model answers to all Advanced Level past papers, Mock exams and Question Bank questions to summarise approximately 75 highly examinable financial reporting areas into sets of key mark-scoring points – ideal to prevent you dropping easy marks by forgetting basic points and also helpful when attacking harder parts of the questions.

In addition, it is vital to revise brought-forward knowledge from the Professional Level paper in Financial Accounting and Reporting (FAR) as part of your preparations for the Advanced Level examinations (in many Corporate Reporting examinations, brought-forward FAR knowledge is worth at least as many marks as the new Advanced Level FR topics). Therefore, the book also includes key model answer points from our review of all FAR past papers, Mock exams and Question Bank questions to provide useful reminders – examiner feedback is often that the brought-forward knowledge of candidates is weak, losing many potentially easy marks.

All content is organised in a sensible alphabetical format so that you can very quickly find the content that you need. This organisation is more efficient than organisation by Study Manual chapter and should save you time in finding the information you require – just head to the “D” section for Deferred Tax, rather than having to remember to look in chapter 22 of the Study Manual.

The book has been developed by the same authors behind our very successful BPT Exam Room Notes and SBM Exam Room Notes books and is based on our trademark style of simple, clear and succinct explanations of syllabus content with a focus on what you really need to do to get the marks as quickly as possible.

Important notice: this set of Exam Room Notes has been designed as a quick reference resource to remind you of content that you should already have studied in detail based on the ICAEW Study Manual and your tuition provider’s notes. You must already have studied the Advanced Level syllabus in detail before using this book – the book is in no way designed to replace the Study Manual as a learning resource. If you have invested insufficient time in learning the syllabus content then our Exam Room Notes will not be comprehensible or useful as the book only provides reminders regarding material you must already have studied.

Look out for our other Advanced Level Exam Room Notes publications: Strategic Business Management Exam Room Notes 2019 and Advanced Level Audit & Assurance Exam Room Notes 2019!

See www.acasimplified.com for more information on our popular Exam Room Notes series.