ACCA FR Mock Exams for March and June 2027

• A. Conceptual and regulatory framework: the Conceptual Framework and the regulatory system behind IFRS financial statements.
• B. Accounting for transactions: how each examinable standard applies to items such as revenue, leases, property, plant and equipment and financial instruments.
• C. Analysing and interpreting financial statements: ratios and written comments on the performance and position of a single company or a group.
• D. Preparation of financial statements: single-entity accounts, statement of cash flows extracts (indirect method only) and simple group accounts with a parent, up to two subsidiaries and one associate.
• E. Employability and technology skills: using the spreadsheet and word-processing tools in the exam, which is assessed in the live exam.

ACCA has made no changes to the FR syllabus for September 2026 to June 2027. Standards issued by 31 August 2025 are examinable, and this includes IFRS 18.

• Group interpretation answers that ignore the question. Most candidates scored poorly on the group interpretation question, and ACCA says this area will continue to be examined. No marks are given for saying what a ratio means or that it "decreased" or got "better". Copying facts from the scenario without linking them to a ratio also earns nothing. Explain why each ratio moved using details from the scenario. Keep performance and position under separate headings, and end with a short conclusion under its own heading, because a mark is given for it (examiner's report, March/June 2026).
• No workings on screen. Many candidates used the calculator tool instead of the spreadsheet and showed no workings. If your final figure is wrong and there is no working, you get no marks, and "own figure" marks are only possible when workings are shown. Unclear goodwill workings and wrong signs also lost marks. Build every calculation in the spreadsheet and label it (examiner's report, March/June 2026).
• Poor time split in Section C. Many candidates spent too long on the financial statements preparation question and left too little time for the analysis and interpretation question. Many also ignored the 3-mark statement of cash flows extract (financing activities only) and gave no answer. Set a time for each requirement and attempt every one of them (examiner's report, March/June 2026).
• Repeated technical errors. Candidates did not pro-rate the results of a subsidiary bought mid-year and did not adjust for intragroup goods. Almost half depreciated a right-of-use asset over its useful life instead of the shorter lease term. Many split the year-end lease liability wrongly between current and non-current, and the IFRS 15 contract asset adjustment was not well attempted. Receivables collection period was worked out on cost of sales, but the denominator is revenue (examiner's report, March/June 2026).

• You get 2 full FR mock exams written by Gradehunt faculty in the current exam pattern. The questions are original, not ACCA past papers.
• You attempt each mock under timed conditions and upload your answers.
• Our faculty check your mock within 48 hours of upload. Every section is marked, and you get marks for each question with comments on what cost you marks, mainly on your Section C written answers.
• If you have doubts on your checked mock, our faculty answer them.
• On the Every Chapter Series + Mentor plan, a mentor builds a week-by-week plan to your sitting and reviews your mock results with you.

June 2027 is the last sitting of the current FR exam. From September 2027, FR maps to E2 Financial Reporting in ACCA's new structure. If you pass FR by June 2027, the pass carries across as credit.