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ICAN Strategic Business Reporting Notes

Advanced financial reporting for groups and complex transactions, with strategic analysis. This course follows the ICAN syllabus in 56 topics. All 56 are published, each with detailed notes, worked examples, exam tips and ICAN-style practice questions.

Topics in ICAN Strategic Business Reporting

Read them in order or jump to the one you need.

Topics in ICAN Strategic Business Reporting, grouped by syllabus section
No.TopicRead
Ethical issues in and regulatory framework of strategic business reporting3 topics5% of marks
1The regulatory framework of strategic business reportingRead note
2Ethical issues in strategic business reportingRead note
16Creative accounting and earnings managementRead note
Reporting of entity’s performance to stakeholders31 topics25% of marks
3The Conceptual Framework (i): objective, qualitative characteristics, reporting entity and elementsRead note
4The Conceptual Framework (ii): recognition, measurement, presentation and capital maintenanceRead note
5IAS 1: presentation of financial statementsRead note
6IFRS 18 (i): the new statement of profit or loss, categories and subtotalsRead note
7IFRS 18 (ii): management-defined performance measures, aggregation and notesRead note
8IAS 34: interim financial reportingRead note
9IAS 24: related party disclosuresRead note
10IFRS 8: operating segmentsRead note
15IAS 8: accounting policies, changes in estimates and errorsRead note
17IFRS 15 (i): revenue and the five-step modelRead note
18IFRS 15 (ii): transaction price, other aspects and applicationRead note
19IAS 16: property, plant and equipmentRead note
20IAS 40: investment propertyRead note
21IAS 38: intangible assetsRead note
22IAS 37: provisions, contingent liabilities and contingent assetsRead note
23IAS 36 (i): impairment and recoverable amountRead note
24IAS 36 (ii): cash-generating units, goodwill and reversalsRead note
25IFRS 5: held for sale and discontinued operationsRead note
26IFRS 16 (i): leases and lessee accountingRead note
27IFRS 16 (ii): lessors, and sale and leasebackRead note
28IAS 12 (i): current tax and deferred taxRead note
29IAS 12 (ii): deferred tax in business combinations and single transactionsRead note
30IAS 19: employee benefitsRead note
31IFRS 2: share-based paymentRead note
32IFRS 13: fair value measurementRead note
33IFRS 9 (i): classification and measurement of financial instrumentsRead note
34IFRS 9 (ii): expected credit lossesRead note
35IFRS 9 (iii): hedge accountingRead note
36IAS 32 and IFRS 7: presentation and disclosure of financial instrumentsRead note
37Sundry standards: IAS 26, IAS 41, IFRS 6, IFRS 14, IFRS for SMEs and SAS 32Read note
49IAS 33: earnings per shareRead note
Analysis of financial and other reports3 topics20% of marks
11Other information in the annual report: governance, management commentary and risk reportingRead note
50Analysis and interpretation (i): common size, return and efficiency ratiosRead note
51Analysis and interpretation (ii): liquidity, debt and investor ratiosRead note
Sustainability and integrated reporting3 topics10% of marks
12Corporate social responsibilityRead note
13Sustainability reportingRead note
14Integrated reportingRead note
Group financial statements11 topics30% of marks
38Business combinations (i): groups, IFRS 10 and IFRS 3Read note
39Business combinations (ii): consolidation technique and goodwillRead note
40The consolidated statement of profit or loss and other comprehensive incomeRead note
41Associates and joint ventures: IFRS 11 and IAS 28Read note
42Business combinations achieved in stagesRead note
43Disposal of subsidiariesRead note
44Other group standards: IAS 27 and IFRS 12Read note
45Foreign currency (i): IAS 21 and the individual entityRead note
46Foreign currency (ii): translating a foreign operationRead note
47IAS 7 (i): statement of cash flowsRead note
48IAS 7 (ii): consolidated statement of cash flowsRead note
The impact of changes in accounting regulations3 topics5% of marks
52IFRS 1: first-time adoption of IFRSRead note
53IFRS 17: insurance contractsRead note
54IFRS 19: subsidiaries without public accountabilityRead note
Other current developments in and beyond financial reporting2 topics5% of marks
55IFRS Practice Statement 1: management commentaryRead note
56IFRS Practice Statement 2: making materiality judgementsRead note

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About ICAN Strategic Business Reporting Notes

These are the 56 Strategic Business Reporting topics, in teaching order, across 7 syllabus sections. The first note is “The regulatory framework of strategic business reporting” and the last is “IFRS Practice Statement 2”. Reading them all takes about 14 hours. At an hour a day, that is about 2 weeks.

What you will learn
  • Apply ethics and the regulatory framework to strategic business reporting (5% of marks)
  • Report performance under IFRS, including revenue, leases, financial instruments and tax (25% of marks)
  • Analyse financial and other reports for stakeholders (20% of marks)
  • Explain sustainability and integrated reporting (10% of marks)
  • Prepare consolidated financial statements under IFRS 10 and the related standards (30% of marks)
  • Assess how new accounting rules change reported results (5% of marks)
  • Discuss current developments in and beyond financial reporting (5% of marks)

Frequently asked Questions about Strategic Business Reporting

What is ICAN Strategic Business Reporting?

Advanced financial reporting for groups and complex transactions, with strategic analysis. It is a Professional level paper.

Are the Strategic Business Reporting notes free?

Yes. All 56 topics are free to read online. You pay only to keep them as PDF and Word, which come in the course pack with the full question bank and marking guides.

Does it cover IFRS 18 and group accounts?

Yes. Group financial statements carry the most marks at 30%, and reporting of entity performance carries 25%. IFRS 18 and other current standards appear across many topics, with worked examples.

How many topics are in Strategic Business Reporting?

There are 56 topics in 7 syllabus sections, in teaching order. Each has a summary, worked examples, exam tips and practice questions.

Which section carries the most marks in Strategic Business Reporting?

Group financial statements is the biggest section, at 30% of marks. Start there, but do not skip the rest. Any section can be examined.

Can I practise with past questions?

Yes. Every topic has ICAN-style practice questions with marking guides. Where past ICAN questions exist, a Pathfinder section lists them by diet and year, so you can try the real thing.

What mark do I need to pass Strategic Business Reporting?

ICAN papers are normally passed with 50%. Confirm the current rule on the official ICAN portal, because the Institute can change it.

Are the notes up to date?

They follow the ICAN Professional level syllabus, so they are the same for every diet. Found a mistake? Tap Tell us on any topic and we will check it.

Are these notes from ICAN?

No. Accountants.ng is independent of ICAN. ICAN publishes the official syllabus, study text and past papers, so use our notes alongside them.

How do I study Strategic Business Reporting without getting overwhelmed?

Take one topic at a time. Read it, try the practice questions, then check the marking guide. Move through the sections in order, and give extra time to the sections with more marks.