2.1 Financial Reporting

The Financial Reporting module (Paper 2.1) is part of the Skills Level (Level 2) in the ICAG professional qualification syllabus. It builds on foundational concepts from the Knowledge Level, focusing on preparing single entity and group financial statements in accordance with IFRS, supporting the evaluation of financial statements, and providing a basis of knowledge for regulatory, legal, ethical frameworks, application of standards, business combinations, and analysis.