Accounting Standards in Paper F7

I’m currently studying for Paper F7 (Financial Reporting/FR) and to kick-off my revision I thought I’d get the nitty-gritty out of the way by isolating the accounting standards (FRS/SSAP) covered in my notes and summarizing them. I think this is mostly to avoid getting to grips with learning the actual calculations and rules (unhelpful!) but also to give me an overview of the paper (helpful!) Links are to the ASB page where (if you really want to!) you can download PDFs of the standards themselves! List subject to change/addition:

FRS1 – Cash Flow Statements
FRS 2 – Accounting for Subsidiary Undertakings
FRS 3 – Reporting Financial Performance
FRS 5 – Reporting the Substance of Transactions
FRS 9 – Associates and Joint Ventures
FRS 10 – Goodwill and Intangible Assets
FRS 11 – Impairment of Fixed Assets and Goodwill
FRS 12 – Provisions, Contingent Liabilities and Contingent Assets
FRS 14 – Earnings Per Share
FRS 15 – Tangible Fixed Assets
FRS 16 – Current Tax
FRS 18 – Accounting Policies
FRS 19 – Deferred Tax
FRS 21 – Events After the Balance Sheet Date
FRS 22 – Earnings Per Share
FRS 26 – Financial Instruments: Recognition and Measurement
SSAP 4 – Accounting for Government Grants
SSAP 9 – Stocks and Long-Term Contracts
SSAP 13 – Accounting for Research and Development
SSAP 19 – Accounting for Investment Properties

Think I need a bit of a lie down after that!


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