This module is designed in line with the ICAEW strategic level syllabus for Financial Accounting and Reporting. The module receives an exemption at the professional level. The Advanced Financial Accounting and Reporting module will enable students to prepare complete single entity and consolidated financial statements, and extracts from those financial statements, covering a wide range of International Financial Reporting Standards (IFRS Standards). Students will also be required to explain accounting and reporting concepts and ethical issues, and the application of IFRS Standards to specified single entity or group scenarios. The exam is computer-based and is 3 hours long, the pass mark is 55% and is available to take in December, March, June and September. The first attempt will be in December (usually first week according to the ICAEW exams calendar dates) You have a maximum of two attempts for academic degree progression award at this exam.

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