Unofficial practice for the ACCA Strategic Business Reporting (SBR) exam. Not affiliated with or endorsed by ACCA.
Strategic business reporting exam prep
ACCA lists the documents each exam can test. For SBR-INT in the September 2026, December 2026, March 2027 and June 2027 sessions, they are the latest issued by 31 August 2025, and a document can be examined even if its effective date is still to come.
| Sessions | September 2026, December 2026, March 2027 and June 2027 |
|---|---|
| Cut-off | Documents issued by 31 August 2025 |
| Presentation | IFRS 18 Presentation and Disclosure in Financial Statements |
| IAS 8 | Now titled Basis of Preparation of Financial Statements |
| Sustainability | IFRS S1 and IFRS S2, and the high-level differences from ESRS |
IFRS 18 replaces IAS 1, which is not on the list. In the statement of profit or loss, income and expenses are sorted into categories, chiefly operating, investing and financing, with required subtotals for operating profit and for profit before financing and income taxes.
It also sets principles for grouping and splitting information and asks for disclosure of management-defined performance measures, which the SBR study guide names in areas C and E.
Every question and lesson here is written to the examinable documents for these sessions, with presentation under IFRS 18 rather than IAS 1. Each answer names the standard and paragraphs it rests on.
Short questions in the course’s own format, not ACCA’s: the exam itself is all written.
Presentation and disclosure
Wexford Co is a retailer; its main business is not investing in assets or providing finance to customers. It is classifying its income and expenses for 2026 under IFRS 18.
Which of these items belong in Wexford Co's investing category? Select all that apply. (2 marks)
Current issues and sustainability reporting
Ulverston Co bought a gas-fired boiler plant on 1 January 2018 for $24m. It was depreciated straight line over 20 years with no residual value. Climate legislation enacted in December 2025 bans plant of this type after 31 December 2029, so at 1 January 2026 Ulverston Co decided to retire the plant on that date, with no residual value. An impairment review at 1 January 2026 found no impairment.
What is the depreciation charge for the plant for the year ended 31 December 2026? Give your answer in $m to one decimal place. (2 marks)
Financial instruments
On 1 January 2026 Langdon Co issued bonds for $20m and, at initial recognition, designated them as at fair value through profit or loss to avoid an accounting mismatch with assets it holds. Interest at the market rate at issue is paid each 31 December. At 31 December 2026 the fair value of the bonds is $18.6m. Of the $1.4m fall, Langdon Co attributes $0.5m to a deterioration in its own credit risk and the rest to a rise in market interest rates. Presenting the own credit effect outside profit or loss would not create an accounting mismatch.
How should Langdon Co recognise the $1.4m fall in the fair value of the bonds for 2026? (2 marks)
No. IAS 1 is not on ACCA's list for September 2026 to June 2027; IFRS 18 Presentation and Disclosure in Financial Statements is.
Yes. IFRS 19 Subsidiaries without Public Accountability: Disclosures is ticked for SBR-INT.
Yes. IFRS S1 and IFRS S2 are on the SBR-INT list, with the high-level differences between ESRS and the ISSB Standards.
ACCA says the documents listed are the latest issued by 31 August 2025, examinable in the September 2026, December 2026, March 2027 and June 2027 sessions.
Unofficial practice for the ACCA Strategic Business Reporting (SBR) exam, not affiliated with ACCA. ACCA is a trademark of the Association of Chartered Certified Accountants, which does not endorse this course. Every question here is original. No VAT is charged.