ACCA Financial Reporting (F7)
What is ACCA?
ACCA stands for the Association of Chartered Certified Accountants a leading international accountancy
body. The ACCA qualification is recognised and is treated in other countries as being equivalent to their
local qualification. The ACCA qualification proves to employers that you have ability in all aspects of
business. It is the largest and fastest growing qualification in the world, with over 500,000 members and
students in 170 countries.
Financial reporting (f7) involves the disclosure of financial information to management and the public
(if the company is publicly traded) about how the company is performing over a specific period of time.
Financial reports are usually issued on a quarterly and annual basis. This is different from management
reporting, which is financial information that is disclosed to those inside the company to be used to make
decisions within the company. Financial reports are included in a public company's annual report.