Financial Accounting and Reporting (IFRS) Q&A 2020

New 2020 edition based on the updated 2020 ICAEW Study Manual and including analysis of mark allocation in all recent past papers through to September 2019 (December 2019 markscheme not available at the time of writing). A large number of new questions on IFRS 16 have been added to allow for IFRS 16 becoming the main examinable standard on leases in the 2020 syllabus. We have also retained the very significant number of questions on IFRS 9 and IFRS 15 which were added to the 2019 edition to allow for the replacement of IAS 39 and IAS 18, respectively. Provides over 1,100 short form questions to help you learn all aspects of the complex and detailed FAR syllabus. Designed to complement past paper practice by splitting topics and concepts into smaller and more manageable chunks which you can revise many times before the exam, helping the knowledge to sink in. Helps to build your confidence and avoid becoming overwhelmed by the large number of learning points in full exam standard questions. Instead, our Q&A tests single aspects of technical content in each question and therefore allows you to learn an issue properly before moving on. All questions are designed to split topics into smaller parts, allowing you to study one thing at once and gradually build up knowledge. Analysis of distribution of marks in past papers covering the 2009 to September 2019 period to help you focus your revision on key areas (December 2019 markscheme not available at the time of writing). Contains all relevant Financial Accounting and Financial Reporting questions from our previous Q&A books for the old syllabus separate papers in (1) Financial Accounting and (2) Financial Reporting, updated where necessary. We have also added many new questions for FAR. This means that our Q&A continues to cover the traditional, staple areas and provides much more practice than the Study Manual in key areas such as cash flow statements, earnings per share, related parties and other areas. We also include a detailed introduction explaining some key revision and answering techniques for the 2 different types of FAR question (narrative or “financial reporting” style and numerical or “financial accounting” style). Provides a firm basis for Advanced Level questions involving financial reporting in the Corporate Reporting paper: Q&A can be reused at later stages of the ACA to revise the key areas which the examiner will assume as brought forward knowledge. See www.acasimplified.com for more information on our Q&A technique.