ACCA Strategic Business Reporting (SBR) FAQs

1. What is the format of the ACCA Strategic Business Reporting (SBR) exam?

The SBR exam is a computer-based exam (CBE) that lasts for 3 hours and 15 minutes. It includes both computational and written components, requiring candidates to demonstrate their ability to apply International Financial Reporting Standards (IFRS) in preparing and interpreting financial statements for single entities and groups. The exam assesses professional skills and ethical principles as part of its marking criteria .

2. What topics are covered in the SBR syllabus?

The SBR syllabus covers:

• Ethical and Professional Principles: Addressing ethical dilemmas and the consequences of unethical behavior.
• Financial Reporting Framework: Evaluating and discussing changes in accounting regulations.

• Professional Judgment: Applying judgment in financial reporting for various entities.
• Group Financial Statements: Preparing financial statements for groups of entities.
• Financial Statement Interpretation: Analyzing financial statements for different stakeholders.
• Impact of Regulatory Changes: Communicating the effects of changes in accounting standards on financial reporting.
• Digital and Employability Skills: Demonstrating skills needed for preparing and presenting professional reports using relevant technology .

3. How are professional skills examined in the SBR exam?

Professional skills are integrated into the marking scheme of the SBR exam. Candidates are assessed on their ability to apply professional and ethical principles in various scenarios, with specific marks allocated for demonstrating these skills in both sections A and B of the exam.

4. What are the best study strategies for the SBR exam?

Effective preparation for the SBR exam involves:

• Using Approved Study Materials: Utilize ACCA-approved textbooks, study guides, and revision kits from providers like Kaplan and OpenTuition.
• Practice Questions: Regularly practice past exam questions and mock exams to familiarize yourself with the exam format and improve your time management skills.
• Stay Updated: Keep abreast of current issues and developments in accounting standards by reading journals, periodicals, and materials from the International Accounting Standards Board (IASB) and major accounting firms.
• Engage in Ethical Discussions: Understand and discuss ethical dilemmas and principles to be well-prepared for the ethical components of the exam.

5. How should candidates approach the current issues element of the syllabus?

Candidates should study current issues by reading widely on recent developments in corporate reporting, including new accounting standards and exposure drafts issued by the IASB. Staying informed about significant changes and their implications on financial reporting is crucial. Current issues questions often require a broad understanding and the ability to discuss these developments critically.

For more detailed information and resources, visit the ACCA Global Strategic Business Reporting page and OpenTuition’s SBR section.

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