SBR | Study Text - BPP

Syllabus of Strategic Business Reporting (SBR)

The objective of the syllabus is to analyze, apply and assess the concepts, principles and practices underpinning the preparation and analysis of corporate reports in different contexts, including the ethical assessment of the stewardship of management and the knowledge needs of a diverse group of stakeholders.

The Strategic Business Reporting syllabus assumes knowledge obtained at the fundamental level, including key technological capabilities for the preparation and analysis of financial reports for single and combined entities.

The syllabus helps students, not only from the point of view of the preparer of corporate reports, but also from the viewpoint of a variety of various stakeholders, such as finance providers, to analyze corporate reporting from a number of perspectives.

In addition, the syllabus includes the evaluation and assessment of management's reporting decisions and their consequences for a range of stakeholders and entities. It also discusses the accountant's technical and ethical obligations to these stakeholders.

The topic of the syllabus requires students to have a coherent understanding of the Conceptual Framework for Financial Reporting® of the IASB and to use the Framework in corporate reports as a basis for judgment in the interpretation of International Financial Reporting Standards.

The syllabus takes into account both the principles and practices of the IFRS® Guidelines and uses these principles as a basis for the preparation of single entities and groups' financial statements.

The syllabus enables students to focus on the usefulness of stakeholder corporate reports, including enhancements in narrative reporting such as Integrated Reporting, and to address the nature of the data that would assist stakeholders in assessing the entity's future prospects.
This includes analyzing and evaluating corporate reports, and offering guidance on the effect of transactions on reporting.

The final section of the syllabus deals with current corporate reporting issues and the impact of any potential changes. This requires a review of the deficiencies of current accounting standards and the need to clarify the consequences of major changes to reporting systems for a company and its stakeholders.

Scenario questions are based on contemporary business environments, but candidates are not expected to have comprehensive knowledge of these businesses.

Main capabilities

To Completion the exam successfully, candidates should be able to:

• Apply basic ethical and professional principles to ethical dilemmas and address the implications of unethical behavior
• Evaluate the adequacy of the financial reporting system and critically discuss changes in the regulation of accounting
• In the reporting of the financial performance of a range of companies, apply professional judgment
• Prepare groups of companies' financial statements
• Interpret financial statement for various stakeholders
• Communicate the effect on financial reporting of changes and future changes in accounting regulations