A. The professional and ethical duty of the accountant
1. Professional behaviour and compliance with accounting standards
2. Ethical requirements of corporate reporting and the consequences of unethical behaviour
3. Social responsibility
B. The financial reporting framework
1. The contribution and limitations of financial statements in meeting users’ and capital markets’ needs
2. The applications, strengths and weaknesses of an accounting framework
3. Critical evaluation of principles and practices
C. Reporting the financial performance of entities
1. Performance reporting
2. Fixed assets
3. Financial instruments
4. Leases
5. Segment reporting
6. Employee benefits
7. Taxation
8. Provisions, contingencies and events after the balance sheet date
9. Related parties
10. Share-based payment
D. Financial statements of groups of entities
1. Group accounting including cash flow statements
2. Continuing and discontinued interests
3. Changes in group structures
4. Foreign transactions and entities
E. Specialised entities
1. Financial reporting in specialised, not-for-profit and public sector entities
2. Reporting requirements of small and mediumsized entities (SMEs)
6
F. Implications of changes in accounting regulation on financial reporting
1. The effect of changes in accounting standards on accounting systems
2. Proposed changes to accounting standards
G. The appraisal of financial performance and position of entities
1. The creation of suitable accounting policies
2. Analysis and interpretation of financial information and measurement of performance
H. Current developments
1. Environmental and social reporting
2. Convergence between national and international reporting standards
3. Comparison of national reporting requirements
4. Current reporting issues