ACCA Applied Skills: Financial Reporting (FR)
In the Financial Reporting module, you'll develop the knowledge and skills needed to apply International Financial Reporting Standards (IFRS) and the conceptual framework in preparing financial statements for both individual entities and groups. You'll build on prior financial accounting knowledge and explore the regulatory environment, standard-setting process, and the preparation of financial reports in line with IFRS. The module also focuses on analysing and interpreting financial and non-financial information to support informed decision-making.
Study from£975 (inc VAT)
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Market leading pass rates
Dedicated support from qualified tutors
Classroom and residential options
ACCA approved provider
Globally recognised qualifications
Over 50 years delivering accounting qualifications
Overview
Why is the ACCA Level 7 Advanced Diploma in Accounting and Business course right for you?
- Gain the practical skills and knowledge you need to get a promotion or pay bump
- Gain in confidence and expertise and enhance your career progression
- Widely recognised qualification that improves your employability
- With over 50 years of experience delivering high-quality courses and market-leading pass rates, we provide the knowledge, training, and support you need to excel in your studies and beyond
This qualification not only opens doors to new job opportunities but also sets you on a path to advance your career in business finance roles.
This course is suitable for you if you are:
Seeking to progress your career in accounting or finance roles and keen to develop specialist knowledge, skills and understanding.
Looking to step into roles such as Financial Analyst, Management Accountant, Pay Role Specialist.
Keen to realise your full potential and increase your earning potential.
What you'll study
The Business and Technology module develops your ability to apply International Financial Reporting Standards (IFRS) and the conceptual framework in preparing financial statements for both individual entities and groups.
Key topics covered:
Financial reporting frameworks: understand and apply conceptual and regulatory frameworks that guide financial reporting practices.
IFRS compliance: account for transactions and prepare financial statements for single entities and business combinations in line with IFRS Accounting Standards.
Financial analysis: analyse and interpret financial statements to assess organisational performance and financial health.
Professional and technical skills: demonstrate employability and technology skills relevant to financial reporting and analysis.
By completing this module, you will focus on interpreting financial and non-financial information, while deepening your understanding of the regulatory environment and standard-setting process.
Completing this ACCA Level 7 qualification typically takes 3 years.
With 24/7 access to all our resources, you could complete your qualification in as little as 36 months!
You need to already have an ACCA Diploma in Business and Accounting, the CAT qualification or another relevant accounting or finance qualification to enrol on this course.
Our team will be happy to discuss these requirements with you and which study method is right for you – get in touch today!
Delivery options
With our wide range of flexible delivery options, we provide tailored support for each student’s needs, ensuring a productive and enriching learning experience for every stage of their accountancy career.
To accommodate different learning preferences, we offer four delivery methods:
Study whenever and wherever suits you. On-demand learning offers ultimate flexibility, allowing learners to access high-quality course materials anytime, anywhere.
Ideal for independent learners who want flexible, self-paced learning to fit around their busy lives.
Self-paced learning
Digital materials and videos
Remote accessibility
Self-paced progression
Email tutor support
Flexible access
Self-assessment quizzes
Access to recorded sessions
Optional 1-2-1 tutor support and face-to-face or live online revision classes (additional fee applies)
Flexible, live sessions accessible from any location.
Experience the flexibility of Live Online learning and engage in real-time, interactive sessions from anywhere. Achieve your goals without the commute!
Ideal for learners who want the flexibility to study from any location
Live interactive sessions online
Dynamic delivery and instant Q&A
Collaborative activities
Engaging real-time learning experience
Structured delivery plan
Networking opportunities (online)
Access to full tutor support (online)
Access to study books and online resources
Access to recorded sessions
Online assignments and exam preparation
Get all the benefits of in-person learning, all from the comfort of your home. Great if you need a little more flexibility when it comes to location, but still want the opportunity to interact with other learners.
Ideal for learners who want the classroom experience from the comfort of their home
Live classroom sessions streamed online
Dynamic delivery and instant Q&A
Collaborative activities
Engaging real-time learning experience
Structured delivery plan
Networking opportunities (online)
Online tutor support
Study books and online resources
Access to recorded sessions
Online assignments and exam preparation
Traditional face-to-face classes with experienced tutors. If you like the idea of learning in person, where you bounce around ideas with other learners, then our face-to-face classes are for you. Classes take place every few months at one of our many UK venues.
Ideal for learners who prefer traditional classroom settings
Face-to-face interaction
Convenient locations across the UK
Engaging in real-time learning experience
Structured delivery plan
Networking opportunities
In-person and online tutor support
Study books and online resources
Access to recorded sessions
In-class assignments and exam preparation
Our venues span London, Northampton, Birmingham, Newcastle, Cambridge, Little Compton, and many other locations. If you have a specific place in mind, reach out to us - we’d be happy to discuss options to suit your needs.
All the benefits of our Classroom delivery method and an immersive on-site learning experience in a unique, comfortable setting at our Cotswolds Manor.
Delivered at our iconic Manor, where you’ll get to know other learners, relax in our first-class accommodation and enjoy delicious homemade meals.
Ideal for learners wanting an immersive experience.
Unique learning environment: A picturesque location in the heart of the Cotswolds, ideal for focused study.
All-inclusive learning experience: Residential facilities and a relaxing, friendly atmosphere conducive to immersive study without distractions.
Engaging real-time learning: Small classroom-based sessions with peers and dedicated, experienced tutors who are subject specialists.
Structured delivery plan: In-class assignments, exam preparation, and a clear path to success.
Comprehensive resources: Study books, digital course materials, online resources, and access to recorded sessions for revision.
In-person and online tutor support: Receive expert guidance whenever needed.
Access to outstanding facilities: Benefit from state-of-the-art learning environments.
Networking opportunities: Connect with like-minded professionals and peers.
Support & Assessments
1:1 support from your personal advisor
Your personal adviser will work with you throughout your ACCA Level 7 Advanced Diploma in Accounting and Business. Together you’ll agree on a plan for your programme, develop a study schedule and prepare for your assessments, giving you the best chance of excelling at your course and landing your dream finance role.
24/7 access to all our learning resources
Our online learning resources give you 24-hour access to our comprehensive business and finance resources to help you through your course and beyond. Available for the duration of your ACCA Level 7 programme, it includes course recordings and course notes, revision question bank and revision cards, online access to practice mocks, as well as group chats. Perfect for when you want to revisit something you’ve just learnt, or revise for your assessments.
Get your questions answered
If you have a question about the programme, ACCA membership, workshops or anything else to do with your course, our training support team are here to help.
You can call the support team whenever you need to, for as long as you’re on the programme.
Collaborate with other learners
Our online discussions are a great way to learn with and from other students, as well as our experts. You’ll share what you have learnt in each unit, reinforcing your understanding while helping you get ready for your assessments and your future role.
Every unit of your programme includes written assignments which you’ll need to complete to pass. If that all sounds a little daunting, don’t worry, your adviser will support you through your assessments, giving you with thorough feedback on each assignment submitted and suggesting where amendments can be made, so that you can successfully complete each unit.
Payment options
Pay in full
To pay for your course in full, simply enquire, call us on 016 0867 4224, or complete the booking form and return to rbs.reed@reedbusinessschool.co.uk
We’ll provide you with all the details you need to complete the payment smoothly.
Invoice your employer
If your employer is paying for your course, then we can invoice them directly, so you don’t have to worry about trying to organise the payment yourself. You focus on your studies and we’ll take care of the rest.
Call our team of advisers today to get started!
Useful links
If you're currently a student or considering ACCA with us, you'll find all essential resources here, from course outlines to application forms.
If you have any questions or need further assistance, please don't hesitate to contact our support team. We're here to help ensure your success every step of the way. Remember to return your forms to rbs.reed@reedbusinessschool.co.uk.
Chose your study method
We offer a range of study methods to suit your lifestyle and budget. All our study options include 24-hour access to our online study resources.
Residential
In-person learning at our 17th-century Manor. Ideal immersive experience.
Unique learning environment
All-inclusive experience
Accommodation and meals
Outstanding facilities
On-site exam centre
£2106.00 (inc VAT)
Face-to-face
In-person learning. Ideal for learners who prefer traditional classroom settings.
Face-to-face, classroom learning
Immediate feedback from tutors
Networking with fellow learners
Online resources for extra support
Convenient times and locations
£1525.00 (inc VAT)
Online Classroom
Enjoy a classroom experience from home. Ideal for learners seeking live online lessons.
Online classroom experience
Direct support from tutors
Real-time collaboration with peers
Recorded sessions for later review
Interactive online learning environment
£1395.00 (inc VAT)
Live Online
Real-time, online classes with live tutors. Ideal for learners seeking flexibility.
Scheduled live sessions online
Direct support from tutors
Real-time collaboration with peers
Recorded sessions for later review
Interactive online learning environment
£1395.00 (inc VAT)
On-demand
Flexible, self-paced online learning. Ideal for independent learners.
Comprehensive digital materials
Access to recorded webinars
Tutor support via email
Self-assessment quizzes
Optional 1-2-1 tutor (fees apply)
£975.00 (inc VAT)
Looking to earn this qualification through an apprenticeship?
Our ACCA Level 7 Accountancy Professional apprenticeship option allows you to develop professional skills while working, with the added benefit of government funding for eligible employers.
It’s a practical, cost-effective way to earn a recognised qualification and gain valuable work experience simultaneously.
Enquire today to find out more!
Payment options
To pay for your course in full, simply enquire, call us on 016 0867 4224, or complete the booking form and return to rbs.reed@reedbusinessschool.co.uk
We’ll provide you with all the details you need to complete the payment smoothly.
If your employer is paying for your course, then we can invoice them directly, so you don’t have to worry about trying to organise the payment yourself. You focus on your studies and we’ll take care of the rest.
Market-leading pass rates
Frequently asked questions
ACCA stands for the Association of Chartered Certified Accountants and is an internationally recognised professional body for those looking to become qualified in finance. ACCA consists of 13 exams from Applied Knowledge upwards, covering areas such as financial accounting, taxation and audit over four levels:
Foundation
Applied Knowledge
Applied Skills
Strategic Professional
The qualification ultimately leads to becoming a chartered certified accountant.
Enrol with Reed Business School! Drawing on over 50 years of providing accounting tuition, our experienced tutors will support you in building the skills you need to excel in your career. We currently offer:
The ACCA qualification is considered equivalent to a master’s degree due to its advanced level of technical knowledge, professional skills and rigorous assessments.
You can start your journey with ACCA based on UK qualifications including two A-Levels and three GCSEs or equivalent including English and Maths. If you have a recognised and relevant finance or accounting qualification you may not have to take all the exams on your journey to membership and you can claim for exemptions.
The ACCA Strategic Professional ultimately leads to many career opportunities including:
Chartered Accountant
Financial Controller
Audit Manager
Advisory roles
Useful links
If you're currently a student or considering ACCA with us, you'll find find all essential resources here, from course outlines to application forms.
If you have any questions or need further assistance, please don't hesitate to contact our support team. We're here to help ensure your success every step of the way. Remember to return your forms to rbs.reed@reedbusinessschool.co.uk.
Not sure which option is right for you?
Speak to one of our specialist learning advisers who will talk you through your options.
