Operational Level

Subject F1

Financial Reporting

Study Text
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Contents

Page

Paper introduction P.7

Syllabus area F1C: Principles of taxation

Chapter 1 Features of taxation and the regulatory 1

environment

Chapter 2 Corporate income tax and capital tax computations 19

Chapter 3 International taxation 49

Syllabus area F1A: Regulatory environment of financial reporting

Chapter 4 The regulatory environment 63

Chapter 5 Code of ethics 81

Chapter 6 Corporate governance 95

Syllabus area F1B: Financial statements

Chapter 7 The conceptual framework 115

Chapter 8 Introduction to single entity accounts 141

Chapter 9 Non-current assets – IAS 16 Property, plant and 163

equipment and IAS 36 Impairment of assets

Chapter 10 IFRS 5 Non-current assets held for sale and 199

discontinued operations

Chapter 11 IFRS 16 Leases 211

Chapter 12 IAS 2 Inventories and IAS 10 Events after the 231

reporting period

Chapter 13 IAS 7 Statement of cash flows 249

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 Syllabus area F1D: Managing cash and working capital

Chapter 14 Short-term finance and investments 289

Chapter 15 Working capital management 307

Chapter 16 Working capital management – accounts 339

receivable and payable

Chapter 17 Working capital management – inventory control 377

Chapter 18 Working capital management – cash control 401

Chapter 19 References R.1

Index 1.1

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Introduction
This document references IFRS® Standards and IAS® Standards,
which are authored by the International Accounting Standards
Board (the Board), and published in the 2022 IFRS Standards Red
Book.

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