ACCA FR Exam Format: Sections, Marks, Time and Syllabus

ACCA Financial Reporting exam format

FR is a 3-hour computer-based exam in three sections, worth 100 marks in total. Every question is compulsory.

Length	3 hours, computer based
Section A	15 objective test questions of 2 marks, 30 marks
Section B	3 scenarios, each with 5 questions of 2 marks, 30 marks
Section C	2 constructed response questions of 20 marks, 40 marks
Pass mark	50%

Length

3 hours, computer based

Section A

15 objective test questions of 2 marks, 30 marks

Section B

3 scenarios, each with 5 questions of 2 marks, 30 marks

Section C

2 constructed response questions of 20 marks, 40 marks

Pass mark

50%

Section A: 30 marks

15 objective test questions of 2 marks. ACCA says they can cover any area of the syllabus.

Section B: 30 marks

3 questions, each a short scenario with 5 objective test questions of 2 marks on it. Each question is marked on its own.

Section C: 40 marks

2 constructed response questions of 20 marks. ACCA's study guide says they examine the interpretation and preparation of financial statements for either a single entity or a group.

The syllabus

A The conceptual and regulatory framework for financial reporting
B Accounting for transactions in financial statements
C Analysing and interpreting the financial statements of single entities and groups
D Preparation of financial statements

Sessions and results

FR is a session exam, sat in one of four sessions a year: March, June, September and December. ACCA says results come about 6 weeks after the exam.

Try 3 questions

Question 1 · Section A · Syllabus B12 marks

Property, plant and equipment

Langdon Co's head office cost $3,000,000 on 1 January 20X0. It had a useful life of 40 years and no residual value, and Langdon Co uses the cost model for property, plant and equipment.

On 1 July 20X6 Langdon Co moved out and let the building to an unrelated tenant. Its fair value was $3,600,000 on 1 July 20X6 and $3,750,000 on 31 December 20X6. Langdon Co uses the fair value model for investment property and applies IAS 40 to the transfer.

What is the net effect on Langdon Co's profit or loss (not other comprehensive income) for the year ended 31 December 20X6 of these events (ignore the rental income)? (2 marks)

Net gain of $112,500Net gain of $1,200,000Gain of $150,000Net gain of $1,237,500

Question 2 · Section A · Syllabus B72 marks

Provisions and events after the reporting period

Under IAS 37, when must a provision be recognised? (2 marks)

Whenever a future loss is expectedWhen there is a present obligation from a past event, an outflow of resources is probable and a reliable estimate can be madeWhen the directors decide to set aside an amount for a future costWhen there is a present obligation, even if no reliable estimate can be made

Question 3 · Section A · Syllabus B82 marks

Taxation

Which of the following gives rise to a taxable temporary difference? (2 marks)

Tax depreciation on plant is claimed faster than accounting depreciation is chargedA warranty provision that is deductible for tax only when the repairs are paidA fine for breaking the law, which is never deductible for taxEntertaining costs that are never deductible for tax

Questions people ask

How many questions are in the ACCA FR exam?

15 objective test questions in Section A, 3 scenarios of 5 objective test questions in Section B, and 2 constructed response questions in Section C: 30 objective test questions and 2 written questions.

How long is the ACCA FR exam?

3 hours. ACCA's study guide says the syllabus is assessed by a three-hour computer-based examination.

When can I sit FR?

In one of ACCA's four exam sessions: March, June, September and December. FR is not an on-demand exam.