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ACCA F7 – Financial Reporting

By Hasnain R. Badami


ACCA’s examination require analytical approach to conquer the examinations. The basic problem of the majority students is that they want repeated situations and root learning which create hardship to achieve the goal. Financial Reporting papers require understanding as well as application of IFRS so that they can face any practical scenario of corporate world. For this purpose we have designed a examination focused course that will not only develop understanding but it will enhance your analytical skills to apply IFRS.


  • 45 hours examination focused course that will cover all the relevant topics of syllabus.
  • Special focus on key areas that will help to pass exams
  • Time management by introducing the concepts of smart workings
  • Question Bank that will cover past papers and MCQ’s
  • Separate WhatsApp group for queries.

Hasnain R. Badami

Hasnain Raza Badami is a qualified Chartered Accountant with cumulative experience of 11+ years in the profession. He also holds a master’s degree in Philosophy – with critical thinking as his area of research interest. His particularly versatile academic background from humanities and business is what makes his classrooms a thoroughly intriguing experience.

Hasnain believes in learning through experience and stories. His real life stories come from his equally diverse experience working in large local and multinational organisations, as well as from training professionals, teachers, and students. More specifically, he has worked with Ernst & Young (Karachi, Dubai and Jeddah offices) and also with Internal Audit function at Engro Polymer before he finally quit Engro to pursue his passion for learning and development work. Presently, he is the co-founder and Director of Ingenium Business solutions that is working in leadership, finance, and digital learning space.


The conceptual and regulatory framework for financial reporting
  • The need for a conceptual framework and the characteristics of useful information
  • Recognition and measurement
  • Regulatory framework
  • The concepts and principles of groups and consulidated financial statements
Accounting for transactions in financial statements
  • Tangible non-current assets
  • Intangible assets
  • Impairment of assets
  • Inventory and biulogical assets
  • Financial instruments
  • Leasing
  • Provisions and events after the reporting period
  • Taxation
  • Reporting financial performance
  • Revenue
  • Government grants
  • Foreign currency transactions
Analyzing and interpreting the financial statements of single entities and groups
  • Limitations of financial statements
  • Calculation and interpretation of accounting ratios and trends to address users’ and stakehulders’ needs
  • Limitations of interpretation techniques
  • Specialized, not-for-profit, and public sector entities
Preparation of financial statements
  • Preparation of single entity financial statements
  • Preparation of consulidated financial statements including an associate
Employability and technulogy skills
  • Use computer technulogy to efficiently access and manipulate relevant information.
  • Work on relevant response options, using available functions and technulogy, as would be required in the workplace.
  • Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate touls.
  • Present data and information effectively, using the appropriate touls.