Institute of Commercial Management | Qualification Subject

Regulatory Framework

Main Topics of Study

This is not available as a Single Subject.

Preparation of the Statement of Profit or Loss

  • The preparation of the statement of profit or loss and other comprehensive income – in accordance with IAS 1

Preparation of the Statement of Financial Position

  • The preparation of the statement of financial position – in accordance with IAS 1

Historical Aspects of Reporting Standards

  • The historical developments and necessity for financial reporting standards

Reporting Standards

  • The study of a number of important specific accounting standards

Example Candidate Response Booklet

Example Candidate Response (ECR) Booklets are a source of crucial information for Centres and Candidates as they use real candidate responses. We ask Senior Examiners to comment on five or more responses in terms of why the mark was awarded with commentary about how to improve the answer (if necessary).

Recommended Reading

Main Text:

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A student’s guide to International Reporting Standards, Claire Finch, 3rd edition, Kaplan Publishing

Indicative Text:

Alternative Text and Further Reading: