UNIVERSITY OF LIVERPOOL

ACFI309: Financial Reporting 2

Final Examination Guide and Notes 2026

Part 01: About This Guide

Part 02: Sample Final Examination Paper

Part 03: Suggested Solutions to Final Exam Paper

Part 04: Final Examination - Hints and Tips

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University of Liverpool - ACFI309: Financial Reporting 2

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ACADEMIC YEAR 2026 - 2027

University	University of Liverpool
Module Code	ACFI309
CATS Level	Level 6 FHEQ
CATS Value	15
Module Name	Financial Reporting 2
Notes Title	Final Examination Guide and Notes
Page Length	37

This guide helps you understand how the final examination for ACFI309: Financial Reporting 2 at the University of Liverpool will be structured and assessed. It outlines the likely question styles and topics that may appear. Updated to reflect the latest exam syllabus, this self-study set includes sample exam questions with detailed answer guides to help you familiarise yourself with question formats and prioritise key areas for revision. Additionally, it provides essential information on the exam format, key concepts, and topics you should focus on to maximise your preparation.

ACFI309: Financial Reporting 2 builds on prior financial reporting knowledge by focusing on the preparation of single entity and consolidated financial statements in line with IFRS. Main topics to be covered include group accounting principles, fair value measurement, intangibles, impairment, and leases, alongside financial instruments, related party disclosures, and business combinations. Students will learn to prepare financial statements for both individual entities and corporate groups, applying IFRS standards to real-world scenarios while considering ethical implications.

By the end of the module, students will be able to prepare and interpret IFRS-compliant financial statements, understand when consolidation is required, and apply key accounting standards to both single entities and group structures. They will also develop the ability to explain the IASB Conceptual Framework, ethical considerations, and IFRS applications in financial reporting. This module serves as a prerequisite for ACFI302 and requires prior completion of ACFI101 and ACFI201.

MODULE CODE	MODULE NAME
ACFI101	Introduction to Financial Accounting
ACFI102	Introduction to Management Accounting
ACFI103	Introduction to Finance
ACFI201	Financial Reporting 1
ACFI204	Financial Management
ACFI225	Econometrics for Finance 1
ACFI231	Theory of Finance I
ACFI234	Theory of Finance II
ACFI304	Business Finance
ACFI309	Financial Reporting 2
ACFI310	Derivative Securities
ACFI321	Capital Markets
ACFI342	Financial Risk Management
EBUS205	Business Analytics
ECON112	Statistics & Data Analysis for Economics and Business
ECON121	Principles of Microeconomics
ECON123	Principles of Macroeconomics
ECON154	Statistical Foundations of Business Analytics
ECON210	Principles of Economics 2
ECON213	Econometrics 2
ECON222	Microeconomics 2
ECON233	Introductory Econometrics for Business & Economics
ECON241	Securities Markets
MKIB153	Fundamentals of Marketing
ULMS151	Organisations and Management

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University of Liverpool - ACFI309: Financial Reporting 2

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