2022 ICAEW CR Pre Course Guidance

ICAEW Advanced Level
Corporate Reporting
Pre-course Guidance
2022
Introduction
Thank you for booking a course to study ICAEW Advanced Level Corporate Reporting with BPP
Professional Qualifications.
This course builds on the knowledge gained in your previous studies during Professional Level
Financial Accounting & Reporting (FAR) and Audit & Assurance (AA).
In order to be well prepared for the beginning of your course you will need to complete the following
pre-course work:
1. Refresh your knowledge of FAR and AA

• Use your BPP course notes, ICAEW Workbook and Question Bank for Professional Level
Financial Accounting & Reporting and Audit & Assurance. You may be tested on your
assumed knowledge in Advance Level Corporate Reporting Achievement Ladder steps 1-4
and it may be tested directly in your Corporate Reporting exam. Assumed knowledge will
not be covered in detail again during the Corporate Reporting course.
2. Complete Introduction and Topic 1-4 overview
• Use the BPP Hub to access the Introduction to the Corporate Reporting course and
electronic versions of the BPP 2022 course notes. The ICAEW 2022 Workbook and 2022
Question Bank can be accessed from your Bibliu account. Use these alongside the Topic 1-
4 overview which is included in the Getting Started tab of the Hub to cover the key points
from the first few topics of the course.
3. Complete Topic 5 to the end of Basic EPS
• There are some small sub-topics within Topic 5 which cover IFRS Standards you have
met in your previous studies. Topic 5 is covered on Day 6 of the taught phase of the
course. Before you start Day 6, it is important that you have covered the sub-topics up to
the end of Basic EPS. Diluted EPS and Revenue recognition will be covered in your
taught phase.
You will find detailed guidance of the work to complete for each of these tasks below. We hope you
enjoy your course – good luck with your studies!
1. Refresh your knowledge of Professional Level Financial Accounting & Reporting and Audit &
Assurance
You should review the following Topics from the BPP course notes and ICAEW Workbook and then
attempt the suggested questions from the ICAEW 2022 Question Bank
Topic and Areas to revise Suggested questions
materials from ICAEW 2022
reference Question Bank
BPP FAR course Content of the conceptual framework Q2 Giyani plc
notes - topic 1 Basic ethical principles
Q4 Dedlock Ltd
ICAEW workbook Accounting policy changes, estimates and prior
chapters 1 & 3 period errors
Suggested study time 40 minutes (inc questions)
BPP FAR course Preparation of SOFP and SPLOCI – especially Q1 Adeje Ltd
notes - topic 2 technique
Q5 Alloa Ltd
ICAEW workbook Basics of accounting for tax
chapters 2 & 3 Identification of a discontinued operation
Accounting for simple foreign currency
transactions
BPP FAR course Accounting for PPE specifically revaluation and Q3 Temera Ltd
notes - topic 3 impairment
Q16 Litton plc
ICAEW workbook Intangible assets, specifically recognition criteria
chapters 4, 5, 7 & Accounting for right of use assets and lease
9 liabilities (lessee perspective)

BPP FAR course Criteria for revenue recognition on goods and Q20 Cristianos plc
notes - topic 4 services
Q21 Ticktoe Ltd
ICAEW workbook Calculation of debt and equity splits on
chapters 6, 8 & 9 convertible debt
Recognition and measurement of provisions and
contingent liabilities
BPP FAR course Calculation of basic earnings per share Q18 Mint plc
notes - topic 5 Definitions of a related party
Q47 Frogmette plc
ICAEW workbook Events after the reporting period that are
chapters 3 & 9 adjusting
NOTE: It is essential that you understand basic group accounting before you start Day 4 of the
taught phase of the CR course. Please ensure you are comfortable with calculating goodwill,
NCI, retained earnings for groups containing a subsidiary and with equity accounting for
associates and joint ventures.
BPP FAR course Consolidation of simple groups including parent, Q35 Tazel plc
notes - topic 6 subs and associates, preparation of SOFP
Q38 Altima plc
ICAEW workbook including intragroup transactions
chapters 10, 11 & Definition of and accounting for joint
13 arrangements
BPP FAR course Consolidation of simple groups including parent, Q36 Cambus plc
notes - topic 7 subs and associates, preparation of SPLOCI and
Q37 Laois plc
ICAEW workbook SOCIE including intragroup transactions
chapters 12 & 14 Accounting for disposal of subs
BPP FAR course Preparation of single company and consolidated Q19 Helier plc
notes - topic 8 cash flow
Q27 Coniston plc
ICAEW workbook
chapters 2 & 15
BPP A&A course Recap ISQC 1 and ISA 220 on quality control Q20 Ecowaste
notes – topic 3 Review acceptance issues
Q21 Weselton plc
ICAEW workbook
chapters 5, 6 and
14
BPP A&A course Review analytical procedures, the methods, Q38 Thought Train Ltd
notes – topic 4 reasons and ratios
Q46 Shifu Ltd
ICAEW workbook Reasons and methods for understanding the
chapters 7 & 8 entity

BPP A&A course Components of audit risk Q16 Paravel Gardens
notes – topic 5 Identifying audit risks Ltd
ICAEW workbook
Q23 Haskett Ltd
chapter 9
BPP A&A course Choice of audit response – controls vs. Q51 Ventnor Estates
notes - topic 6 substantive testing Ltd
ICAEW workbook Using the work of others
Q62 Barebones Ltd
chapters 10 & 11
BPP A&A course Tasks included in audit completion Q64 Billywig Ltd
notes - topic 7 Going concern
ICAEW workbook
chapter 12
BPP A&A course Content of modified and unmodified audit reports Q29 Rescue 24
notes – topic 8
Q25 Gourmet Ltd
ICAEW workbook
chapter 13
2. Complete Introduction and Topics 1-4 overview
You have been given access to the BPP Hub in advance of the course starting. You need to navigate
to the Hub Step Qualification and Paper Guidance which should look as follows:
Section What you need to do

Opening talk From within Qualification and Paper Guidance, go to Your
Paper Overview and watch Corporate Reporting Opening
Talk in order to familiarise yourself with the Corporate
Reporting course and exam.
Topics 1-4 overview Open pdf document within 2022 Topic 1-4 Overview and
watch the Topic 1-4 Overview video which explains how you
should work through the material.
As you do so, it is your responsibility to identify any gaps in
your knowledge and then use the more detailed material
provided in the course notes (page references are given in the
overview document) and on Step 4 of the Hub to fill in those
gaps.
Reference resources Also within Qualification and Paper Guidance is a section
titled Reference Resources
The BPP Corporate Reporting course notes, ICAEW 2022
workbook and ICAE 2022 question bank are included for your
reference.
The overview document directs you to specific sections of the
materials you may wish to refer to for further detail.
Topics 1-4 are covered using the overview document because they mainly contain content you have
covered in your previous studies. It is expected that the material is familiar to you and that the
overview serves as a reminder of the key points/key topics which will be built upon in Corporate
Reporting. It is essential to note that the material covered in Topics 1-4 is no less examinable than
any of the Topics which are covered in detail as you progress through the course. Please do not
overlook the important information included in Topics 1-4.
3. Complete Topic 5 to the end of basic EPS
Topic 5 is covered on Day 6 of the taught course. There are some small sub-topics within Topic 5,
most of which cover IFRS Standards you should be familiar with from your earlier studies. Before the
start of day 6, it is important that you work through Topic 5 up to the end of basic EPS. You can use
the recorded lectures on the Hub to help with some of the trickier sub-topics. Diluted EPS and
revenue recognition will be covered on day 6.
You are now ready to begin the taught phase of the course!

2022 ICAEW CR Pre Course Guidance

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ICAEW Advanced Level

1. Refresh your knowledge of FAR and AA

Suggested study time 45 minutes (inc questions)

Suggested study time 50 minutes (inc questions)

Section What you need to do

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