Strategic Business Reporting (SBR) (INT)

Strategic
Business
Reporting
(SBR- INT)
Syllabus and study guide

September 2021 to June 2022

Designed to help with planning study and to provide

detailed information on what could be assessed in any
examination session

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 Strategic Business Reporting (SBR-INT)

Contents
1. Intellectual levels .....................................3
2. Learning hours and education recognition
...................................................................3
3. The structure of ACCA qualification ........4
4. Guide to ACCA examination structure and
delivery mode .............................................5
5. Guide to ACCA examination assessment 7
6. Relational diagram linking Strategic
Business Reporting (SBR-INT) with other
exams .........................................................8
7. Approach to examining the syllabus ........8
8. Introduction to the syllabus......................9
9. Main capabilities ...................................11
10. The syllabus ........................................12
11. Detailed study guide............................13
12. Summary of changes to Strategic
Business Reporting (SBR-INT) .................18

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 Strategic Business Reporting (SBR-INT)

1. Intellectual levels 2. Learning hours and

education recognition
The syllabus is designed to progressively
broaden and deepen the knowledge, skills
The ACCA qualification does not prescribe
and professional values demonstrated by
or recommend any particular number of
the student on their way through the
learning hours for examinations because
qualification.
study and learning patterns and styles vary
greatly between people and organisations.
The specific capabilities within the detailed
This also recognises the wide diversity of
syllabuses and study guides are assessed at
personal, professional and educational
one of three intellectual or cognitive levels:
circumstances in which ACCA students find
themselves.
Level 1: Knowledge and
comprehension
As a member of the International Federation
Level 2: Application and analysis
of Accountants, ACCA seeks to enhance the
Level 3: Synthesis and evaluation
education recognition of its qualification on
both national and international education
Very broadly, these intellectual levels relate
frameworks, and with educational authorities
to the three cognitive levels at which the
and partners globally. In doing so, ACCA
Applied Knowledge, the Applied Skills and
aims to ensure that its qualification is
the Strategic Professional exams are
recognised and valued by governments,
assessed.
regulatory authorities and employers across
all sectors. To this end, ACCA qualification
Each subject area in the detailed study
is currently recognised on the education
guide included in this document is given a 1,
frameworks in several countries. Please
2, or 3 superscript, denoting intellectual
refer to your national education framework
level, marked at the end of each relevant
regulator for further information.
learning outcome. This gives an indication of
the intellectual depth at which an area could
Each syllabus is organised into main subject
be assessed within the examination.
area headings which are further broken
However, while level 1 broadly equates with
down to provide greater detail on each area.
Applied Knowledge, level 2 equates to
Applied Skills and level 3 to Strategic
Professional, some lower level skills can
continue to be assessed as the student
progresses through each level. This reflects
that at each stage of study there will be a
requirement to broaden, as well as deepen
capabilities. It is also possible that
occasionally some higher level capabilities
may be assessed at lower levels.

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 Strategic Business Reporting (SBR-INT)

3. The structure of ACCA qualification

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 Strategic Business Reporting (SBR-INT)

4. Guide to ACCA Strategic Professional

Strategic Business Leader is ACCA’s case
examination structure and study examination at Strategic Professional
delivery mode and is examined as a closed book exam of
four hours, including reading, planning and
reflection time which can be used flexibly
The pass mark for all ACCA Qualification within the examination. There is no pre-seen
examinations is 50%. information and all exam related material,
including case information and exhibits are
The structure and delivery mode of available within the examination. Strategic
examinations varies. Business Leader is an exam based on one
main business scenario which involves
Applied Knowledge candidates completing several tasks within
The Applied Knowledge examinations which additional material may be introduced.
contain 100% compulsory questions to All questions are compulsory and each
encourage candidates to study across the examination will contain a total of 80
breadth of each syllabus. These are technical marks and 20 Professional Skills
assessed by a two-hour computer based marks.
examination.
The other Strategic Professional exams are
Applied Skills all of three hours and 15 minutes duration.
The Corporate and Business Law exam is a All contain two sections and all questions
two-hour computer-based objective test are compulsory. These exams all contain
examination for English and Global. four professional marks.

For the format and structure of the From 2020, Strategic Professional exams
Corporate and Business Law or Taxation became available by computer based
variant exams, refer to the ‘Approach to examination. More detail regarding what
examining the syllabus’ section of the delivery mode is available in your market will
relevant syllabus and study guide. be on the ACCA global website.

The other Applied Skills examinations With Applied Knowledge and Applied Skills
(PM, TX-UK, FR, AA, and FM) contain a mix exams assessed by computer based exam,
of objective and longer type questions with a ACCA is committed to continuing on its
duration of three hours for 100 marks. These journey to assess all exams within the ACCA
are assessed by a three hour computer- Qualification using this delivery mode.
based exam. Prior to the start of each exam
there will be time allocated for students to be The question types used at Strategic
informed of the exam instructions. Professional require students to effectively
mimic what they would do in the workplace.
The longer (constructed response) question These exams offer ACCA the opportunity to
types used in the Applied Skills exams focus on the application of knowledge to
(excluding Corporate and Business Law) scenarios, using a range of tools including
require students to effectively mimic what word processor, spreadsheets and
they do in the workplace. Students will need presentation slides - not only enabling
to use a range of digital skills and students to demonstrate their technical and
demonstrate their ability to use spread professional skills but also their use of the
sheets and word processing tools in technology available to today’s accountants.
producing their answers, just as they would
use these tools in the workplace. These
assessment methods allow ACCA to focus
on testing students’ technical and application
skills, rather than, for example, their ability to
perform simple calculations.

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 Strategic Business Reporting (SBR-INT)

Time management
ACCA encourages students to take time to
read questions carefully and to plan answers
but once the exam time has started, there
are no additional restrictions as to when
candidates may start producing their
answer.

Time should be taken to ensure that all the

information and exam requirements are
properly read and understood.

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 Strategic Business Reporting (SBR-INT)

is passed outside of the Finance Act before

5. Guide to ACCA 31 May 2020.
examination assessment
For additional guidance on the examinability
of specific tax rules and the depth in which
ACCA reserves the right to examine any they are likely to be examined, reference
learning outcome contained within the study should be made to the relevant Finance Act
guide. This includes knowledge, techniques, article written by the examining team and
principles, theories, and concepts as published on the ACCA website.
specified. For the financial accounting, audit
and assurance, law and tax exams except None of the current or impending devolved
where indicated otherwise, ACCA will taxes for Scotland, Wales, and Northern
publish examinable documents once a year Ireland is, or will be, examinable.
to indicate exactly what regulations and
Additional clarification regarding the
legislation could potentially be assessed
impact of the UK leaving the European
within identified examination sessions. Union (EU)
For most examinations (not tax), regulations For exams in the period 1 June 2021 to 31
issued or legislation passed on or before March 2022, it will be assumed that the EU
31 August annually, will be examinable from acquisition rules continue to apply.
1 September of the following year to 31
August of the year after that. Please refer to
the examinable documents for the exam
(where relevant) for further information.

Regulations issued or legislation passed in

accordance with the above dates may be
examinable even if the effective date is in
the future.

The term issued or passed relates to when

regulation or legislation has been formally
approved.

The term effective relates to when regulation

or legislation must be applied to an entity’s
transactions and business practices.

The study guide offers more detailed

guidance on the depth and level at which the
examinable documents will be examined.
The study guide should therefore be read in
conjunction with the examinable documents
list.

For UK tax exams, examinations falling

within the period 1 June to 31 March will
generally examine the Finance Act which
was passed in the previous year. Therefore,
exams falling in the period 1 June 2021 to
31 March 2022 will examine the Finance Act
2020 and any examinable legislation which

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 Strategic Business Reporting (SBR-INT)

6. Relational diagram linking Strategic Business Reporting

(SBR-INT) with other exams

This diagram shows links between this exam and other exams preceding or following it.
Some exams are directly underpinned by other exams such as Strategic Business Reporting
by Financial Reporting. This diagram indicates where students are expected to have
underpinning knowledge and where it would be useful to review previous learning before
undertaking study.

7. Approach to examining the syllabus

The syllabus is assessed by a three-hour fifteen minute examination. It examines

professional competences within the business reporting environment.

Students will be examined on concepts, theories, and principles, and on their ability to
question and comment on proposed accounting treatments.

Students should be capable of relating professional issues to relevant concepts and practical
situations. The evaluation of alternative accounting practices and the identification and
prioritisation of issues will be a key element of the exam. Professional and ethical judgement
will need to be exercised, together with the integration of technical knowledge when
addressing business reporting issues in a business context.

Students will be required to adopt either a stakeholder or an external focus in answering

questions and to demonstrate personal skills such as problem solving, dealing with
information and decision making. Students will also have to demonstrate communication
skills appropriate to the scenario.

The exam also deals with specific professional knowledge appropriate to the preparation and
presentation of consolidated and other financial statements from accounting data, to conform
with accounting standards.

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 Strategic Business Reporting (SBR-INT)

Section A

Section A will consist of two scenario based questions that will total 50 marks. The first
question will be based on the financial statements of group entities, or extracts thereof
(syllabus area D), and is also likely to require consideration of some financial reporting
issues (syllabus area C). Candidates should understand that in addition to the consideration
of the numerical aspects of group accounting a discussion and explanation of these numbers
will also be required. The first question will be worth 30 marks. The second question in
Section A, worth 20 marks, will require candidates to consider the reporting implications and
the ethical implications of specific events in a contemporary scenario.

Section B

Students will be required to answer a further two questions, each worth 25 marks, in Section
B, which may be scenario or case-study or essay based and will contain both discursive and
computational elements. Section B could deal with any aspect of the syllabus but will always
include either a full question, or part of a question, that requires the appraisal of financial
and/or non-financial information from either the preparer’s or another stakeholder’s
perspective.

Two professional marks will be awarded in Section A and two in Section B.

Current issues

The current issues element of the paper (syllabus area F) may be examined in Section A or
B but will not be a full question; it is more likely to form part of another question.

8. Introduction to the syllabus

The aim of the syllabus is to discuss, apply and evaluate the concepts, principles and practices
that underpin the preparation and interpretation of corporate reports in various contexts
including the ethical assessment of managements’ stewardship and the information needs of
a diverse group of stakeholders.

The syllabus for Strategic Business Reporting, assumes knowledge acquired at the
Fundamentals level including the core technical capabilities to prepare and analyse financial
reports for single and combined entities.

The syllabus requires students to examine corporate reporting from a number of perspectives,
not only from the point of view of the preparer of corporate reports, but also from the
perspective of a variety of different stakeholders such as finance providers. The syllabus
further requires the assessment and evaluation of the reporting decisions made by
management and their implications for a range of stakeholders and entities. It also explores
the professional and ethical responsibilities of the accountant to these stakeholders.

The subject matter of the syllabus requires students to have a cohesive understanding of the
IASB’s Conceptual Framework for Financial Reporting® and to use the Framework as a basis
for judgement in applying International Financial Reporting Standards in corporate reports.
The syllabus considers both the principles and practices of IFRS® Standards and uses these
principles as a basis for the preparation of the financial statements of single entities and
groups.

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 Strategic Business Reporting (SBR-INT)

The syllabus requires students to reflect on the usefulness of corporate reports to stakeholders
including developments in narrative reporting such as Integrated Reporting and to discuss the
nature of the information that would help stakeholders assess the future prospects of the
entity. This involves the analysis and interpretation of corporate reports, and the provision of
advice on the reporting implications of transactions.

The penultimate section of the syllabus addresses current developments in corporate

reporting and the implications of any potential changes. This includes a discussion of the
deficiencies of existing accounting standards and the ability to explain the implications for a
business and its stakeholders of significant changes to reporting frameworks. Question
scenarios will be based in contemporary business settings, however, candidates will not be
required to have detailed knowledge of these businesses.

The final section of the syllabus contains outcomes relating to the demonstration of
appropriate digital and employability skills in preparing for and taking the SBR examination.
This includes being able to access and open exhibits, requirements and response options
from different sources and being able to use the relevant functionality and technology to
prepare and present response options in a professional manner. These skills are specifically
developed by practicing and preparing for the SBR exam, using the learning support content
for computer-based exams available via the practice platform and the ACCA website and will
need to be demonstrated during the live exam.

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 Strategic Business Reporting (SBR-INT)

9. Main capabilities

On successful completion of this paper, candidates should be able to:

A Apply fundamental ethical and professional principles to ethical dilemmas and discuss
the consequences of unethical behaviour

B Evaluate the appropriateness of the financial reporting framework and critically discuss
changes in accounting regulation

C Apply professional judgement in the reporting of the financial performance of a range of

entities

NOTE the learning outcomes in Section C of the syllabus can apply to: single entities,
groups, public sector entities and not-for profit entities (where appropriate)

D Prepare the financial statements of groups of entities

E Interpret financial statements for different stakeholders

F Communicate the impact of changes and potential changes in accounting

regulation on financial reporting

G Demonstrate employability and technology skills

This diagram illustrates the flows and links between the main capabilities of the syllabus and
should be used as an aid to planning teaching and learning in a structured way.

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 Strategic Business Reporting (SBR-INT)

10. The syllabus

4. Foreign transactions and entities

A Fundamental ethical and professional E Interpret financial statements for

principles different stakeholders

1. Professional and ethical behaviour in 1. Analysis and interpretation of financial

corporate reporting information and measurement of
performance
B The financial reporting framework
F The impact of changes and potential
1. The applications, strengths and changes in accounting regulation
weaknesses of the accounting
framework 1. Discussion of solutions to current issues
in financial reporting
C Reporting the financial performance
of a range of entities
G Employability and technology skills
1. Revenue
1. Use computer technology to efficiently
access and manipulate relevant
2. Non-current assets
information.
3. Financial instruments 2. Work on relevant response options,
using available functions and
4. Leases technology, as would be required in the
workplace.
5. Employee benefits
3. Navigate windows and computer screens
6. Income taxes to create and amend responses to exam
requirements, using the appropriate
7. Provisions, contingencies and events tools.
after the reporting date
4. Present data and information effectively,
8. Share-based payment using the appropriate tools.

9. Fair Value Measurement

10. Reporting requirements of small and

medium-sized entities (SMEs)

11. Other reporting issues

D Financial statements of groups of

entities

1. Group accounting including statements

of cash flows

2. Associates and joint arrangements

3. Changes in group structures

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 Strategic Business Reporting (SBR-INT)

f) Evaluate the decisions made by

management on recognition,
11. Detailed study guide derecognition and measurement.[3]

A Fundamental ethical and g) Critically discuss and apply the

definitions of the elements of financial
professional principles statements and the reporting of items in
the statement of profit or loss and other
1. Professional and ethical behaviour in comprehensive income.[3]
corporate reporting

a) Appraise and discuss the importance of

C Reporting the financial
ethical and professional behaviour in performance of a range of
complying with accounting standards entities
and corporate reporting requirements.[3]
1. Revenue
b) Assess and discuss the consequences
of unethical behaviour by management a) Discuss and apply the criteria that must
in carrying out their responsibility for the be met before an entity can apply the
preparation of corporate reports (3) revenue recognition model.[3]

B The financial reporting b) Discuss and apply the five step model
framework relating to revenue earned from a
contract with a customer.[3]
1. The applications, strengths and
weaknesses of an accounting c) Apply the criteria for recognition of
framework contract costs as an asset.[3]

a) Discuss the importance of the d) Discuss and apply the recognition and
Conceptual Framework for Financial measurement of revenue including
Reporting in underpinning the production performance obligations satisfied over
of accounting standards.[3] time, sale with a right of return,
warranties, variable consideration,
b) Discuss the objectives of financial principal versus agent considerations
reporting including disclosure of and non-refundable up-front fees.[3]
information that can be used to help
assess management’s stewardship of 2. Non-current assets
the entity’s resources and the limitations
of financial reporting.[3] a) Discuss and apply the recognition,
derecognition and measurement of non-
c) Discuss the nature of the qualitative current assets including impairments and
characteristics of useful financial revaluations.[3]
information.[3]
b) Discuss and apply the accounting
d) Explain the roles of prudence and requirements for the classification and
substance over form in financial measurement of non-current assets held
reporting.[3] for sale.[3]

e) Discuss the high level of measurement c) Discuss and apply the accounting
uncertainty that can make financial treatment of investment properties
information less relevant.[3] including classification, recognition,
measurement and change of use.[3]

d) Discuss and apply the accounting

treatment of intangible assets including

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 Strategic Business Reporting (SBR-INT)

the criteria for recognition and c) Discuss and apply the circumstances
measurement subsequent to where there may be re-measurement of
acquisition.[3] the lease liability.[3]

e) Discuss and apply the accounting d) Discuss and apply the reasons behind
treatment for borrowing costs.[2] the separation of the components of a
lease contract into lease and non-lease
3. Financial Instruments elements.[3]

a) Discuss and apply the initial recognition e) Discuss the recognition exemptions
and measurement of financial under the current leasing standard.[3]
instruments.[3]
f) Discuss and apply the principles behind
b) Discuss and apply the subsequent accounting for sale and leaseback
measurement of financial assets and transactions.[3]
financial liabilities.[3]
5. Employee benefits
c) Discuss and apply the derecognition of
financial assets and financial liabilities.[2] a) Discuss and apply the accounting
treatment of short term and long term
d) Discuss and apply the reclassification of employee benefits, termination benefits
financial assets.[2] and defined contribution and defined
benefit plans.[3]
e) Account for derivative financial
instruments, and simple embedded b) Account for gains and losses on
derivatives.[2] settlements and curtailments.[2]

f) Outline and apply the qualifying criteria c) Account for the “Asset Ceiling” test and
for hedge accounting and account for fair the reporting of actuarial gains and
value hedges and cash flow hedges losses.[2]
including hedge effectiveness[2]
6. Income taxes
g) Discuss and apply the general approach
to impairment of financial instruments a) Discuss and apply the recognition and
including the basis for estimating measurement of deferred tax liabilities
expected credit losses.[2] and deferred tax assets.[3]

h) Discuss the implications of a significant b) Discuss and apply the recognition of

increase in credit risk.[2] current and deferred tax as income or
expense.[3]
i) Discuss and apply the treatment of
purchased or originated credit impaired c) Discuss and apply the treatment of
financial assets.[2] deferred taxation on a business
combination.[2]
4. Leases
7. Provisions, contingencies and events
a) Discuss and apply the lessee accounting after the reporting date
requirements for leases including the
identification of a lease and the a) Discuss and apply the recognition, de-
measurement of the right of use asset recognition and measurement of
and liability.[3] provisions, contingent liabilities and
contingent assets including
b) Discuss and apply the accounting for environmental provisions and
leases by lessors.[3] restructuring provisions.[3]

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 Strategic Business Reporting (SBR-INT)

b) Discuss and apply the accounting for c) Discuss and apply the judgements
events after the reporting period.[3] required in selecting and applying
accounting policies, accounting for
8. Share based payment changes in estimates and reflecting
corrections of prior period errors.[3]
a) Discuss and apply the recognition and
measurement of share-based payment d) Identify related parties and assess the
transactions.[3] implications of related party relationships
in the preparation of corporate reports.[3]
b) Account for modifications, cancellations
and settlements of share-based payment D Financial statements of
transactions.[2] groups of entities
9. Fair Value Measurement 1. Group accounting including
statements of cash flows
a) Discuss and apply the definitions of ‘fair
value’ measurement and ‘active
market’.[3] a) Discuss and apply the principles behind
determining whether a business
b) Discuss and apply the ‘fair value combination has occurred.[2]
hierarchy’.[3]
b) Discuss and apply the method of
c) Discuss and apply the principles of accounting for a business combination
highest and best use, most including identifying an acquirer and the
advantageous and principal market.[3] principles in determining the cost of a
business combination.[2]
d) Explain the circumstances where an
entity may use a valuation technique.[3] c) Apply the recognition and measurement
criteria for identifiable acquired assets
10. Reporting requirements of small and and liabilities including contingent
medium-sized entities (SMEs) amounts and intangible assets.[3]
a) Discuss the key differences in d) Discuss and apply the accounting for
accounting treatment between full IFRS goodwill and non-controlling interest.[3]
Standards and the IFRS for SMEs
Standard®.[3] e) Apply the accounting principles relating
to a business combination achieved in
b) Discuss and apply the simplifications stages.[3]
introduced by the IFRS for SMEs
Standard.[3] f) Discuss and apply the application of the
control principle.[2]
11. Other reporting issues
g) Determine and apply appropriate
a) Discuss and apply the accounting procedures to be used in preparing
for, and disclosure of, government consolidated financial statements.[3]
grants and other forms of
government assistance.[2] h) Discuss and apply the implications of
changes in ownership interest and loss
b) Outline the principles behind the of control.[3]
application of accounting policies
and measurement in interim i) Prepare group financial statements
reports.[2] where activities have been discontinued,
or have been acquired or disposed of in
the period.[3]

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 Strategic Business Reporting (SBR-INT)

b) Account for the consolidation of foreign

j) Discuss and apply the treatment of a operations and their disposal.[3]
subsidiary which has been acquired
exclusively with a view to subsequent E Interpret financial statements
disposal.[2] for different stakeholders
k) Identify and outline: 1. Analysis and interpretation of
- the circumstances in which a group is financial information and
required to prepare consolidated measurement of performance
financial statements.[2]
- the circumstances when a group a) Discuss and apply relevant indicators of
may claim and exemption from the financial and non-financial performance
preparation of consolidated including earnings per share and
financial statements.[2] additional performance measures.[3]
- why directors may not wish to
consolidate a subsidiary and b) Discuss the increased demand for
where this is permitted.[2] transparency in corporate reports, and
the emergence of non-financial reporting
l) Prepare and discuss group statements standards.[3]
of cash flows.[3]
c) Appraise the impact of environmental,
2. Associates and joint arrangements social, and ethical factors on additional
performance measures.[3]
a) Identify associate entities.[3]
d) Discuss how sustainability reporting is
b) Discuss and apply the equity method evolving and the importance of effective
of accounting for associates.[3] sustainability reporting .[3]
c) Discuss and apply the application of the e) Discuss how integrated reporting
joint control principle.[3] improves the understanding of the
relationship between financial and non-
d) Discuss and apply the classification of financial performance and of how a
joint arrangements.[3] company creates sustainable value.[3]
e) Prepare the financial statements of f) Determine the nature and extent of
parties to the joint arrangement.[3] reportable segments.[3]
3. Changes in group structures g) Discuss the nature of segment
information to be disclosed and how
a) Discuss and apply accounting for group segmental information enhances the
companies in the separate financial quality and sustainability of
statements of the parent company.[2] performance.[3]
b) Apply the accounting principles where
the parent reorganises the structure of F The impact of changes and
the group by establishing a new entity or potential changes in
changing the parent.[2] accounting regulation
4. Foreign transactions and entities 1. Discussion of solutions to current
issues in financial reporting
a) Outline and apply the translation of
foreign currency amounts and a) Discuss and apply the accounting
transactions into the functional currency implications of the first time adoption of
and the presentational currency.[3] new accounting standards.[2]

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 Strategic Business Reporting (SBR-INT)

b) Identify issues and deficiencies which

have led to proposed changes to an
accounting standard.[3]

c) Discuss the impact of current issues in

corporate reporting. This learning
outcome may be tested by requiring the
application of one or several existing
standards to an accounting issue. It is
also likely to require and explanation of
the resulting accounting implications (for
example, accounting for digital assets or
accounting for the effects of a natural
disaster or global event). The following
examples are relevant to the current
syllabus.[3]:

1. Presentation and disclosures

2. Materiality in the context of financial
reporting
3. Management commentary

d) Discuss developments in devising a

structure for corporate reporting that
addresses the needs of stakeholders.[3]

G Employability and technology

skills

1. Use computer technology to

efficiently access and manipulate
relevant information.

2. Work on relevant response options,

using available functions and
technology, as would be required in
the workplace.

3. Navigate windows and computer

screens to create and amend
responses to exam requirements,
using the appropriate tools.

4. Present data and information

effectively, using the appropriate
tools.

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 Strategic Business Reporting (SBR-INT)

12. Summary of changes to Strategic Business

Reporting (SBR-INT)

ACCA periodically reviews its qualification syllabuses so that they fully meet the needs of
stakeholders such as employers, students, regulatory and advisory bodies and learning
providers.

The main areas which have been added to the syllabus are summarised in the table below.

Table 1 – Amendments to SBR (INT)

Section and subject area Syllabus content

A1 and This has been rationalised into one

Fundamental ethical and
A2 syllabus area A1 to remove overlaps and
professional principles
repetitions. The coverage has not therefore
fundamentally changed.
A2c Identify related parties and assess No change to the syllabus coverage
moved the implications of related party however related parties can be examined
to C11d relationships in the preparation without an ethical component so it is more
of corporate reports.[3] appropriate under the general heading of
C11 Other reporting issues
C11b Discuss and apply the principles Removed as very specialist area that
behind the initial recognition and requires more knowledge than IAS 41 to
subsequent measurement of a effectively report on.
biological asset or agricultural
produce.[2] Note it remains within the FR syllabus and
is therefore assumed knowledge for SBR

C5a Discuss and apply the Added ‘termination benefits’ for

accounting treatment of short completeness with regards coverage of IAS
term and long term employee 19 Employee Benefits
benefits, termination benefits
and defined contribution and
defined benefit plans.[3]

G 1 -4 Employability and technology To reflect the outcomes and demonstrable

skills section added skills required for the SBR examination,
using the available technology.
E1c Appraise the impact of Added ‘additional for clarity but syllabus
environmental, social, and coverage remains unchanged. Amended
ethical factors on additional ‘measurement’ to ‘measures’ to tie in with
performance measures.[3] E1a

E1d Discuss how sustainability Moved from F1c as no longer a current

reporting is evolving and the issue as it becomes more traditional
importance of effective /embedded in corporate reporting
sustainability reporting

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 Strategic Business Reporting (SBR-INT)

E1e Discuss how integrated reporting For clarity, increased the focus on
improves the understanding of stakeholder perspective rather than
the relationship between detailed knowledge of the Integrated
financial and non-financial Reporting Framework
performance and of how a
company creates sustainable
value
F1c Discussion of solutions to Updating for current issues and clarifying
current issues in financial the scope and include examples such as
reporting digital assets and global events

F1c Discussion of solutions to current Removed

issues in financial reporting 1.Accounting policy changes and
3. Defined benefit plan amendments,
curtailment or settlement
as now incorporated in the main IFRS
standards and added Presentation and
Disclosures to reflect the Exposure Draft
(see Examinable Documents).

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