ACCA
Strategic Professional
Strategic Business Reporting
(INT & UK) (SBR)
EXAM KIT
,S B R : S TRA TE G IC BUSINES S RE POR TIN G ( IN T A ND UK )
British Library Cataloguing‐in‐Publication Data
A catalogue record for this book is available from the British Library.
Published by:
Kaplan Publishing UK
Unit 2 The Business Centre
Molly Millar’s Lane
Wokingham
Berkshire
RG41 2QZ
ISBN: 978‐1‐83996‐149‐6
© Kaplan Financial Limited, 2022
The text in this material and any others made available by any Kaplan Group company does not amount to
advice on a particular matter and should not be taken as such. No reliance should be placed on the content
as the basis for any investment or other decision or in connection with any advice given to third parties.
Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited, all other Kaplan
group companies, the International Accounting Standards Board, and the IFRS Foundation expressly disclaim
all liability to any person in respect of any losses or other claims, whether direct, indirect, incidental,
consequential or otherwise arising in relation to the use of such materials. Printed and bound in Great
Britain.
Acknowledgements
These materials are reviewed by the ACCA examining team. The objective of the review is to ensure that the
material properly covers the syllabus and study guide outcomes, used by the examining team in setting the
exams, in the appropriate breadth and depth. The review does not ensure that every eventuality,
combination or application of examinable topics is addressed by the ACCA Approved Content. Nor does the
review comprise a detailed technical check of the content as the Approved Content Provider has its own
quality assurance processes in place in this respect.
This Product includes propriety content of the International Accounting Standards Board which is overseen
by the IFRS Foundation, and is used with the express permission of the IFRS Foundation under licence. All
rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in
any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior
written permission of Kaplan Publishing and the IFRS Foundation.
The IFRS Foundation logo, the IASB logo, the IFRS for SMEs logo, the “Hexagon Device”, “IFRS Foundation”,
“eIFRS”, “IAS”, “IASB”, “IFRS for SMEs”, “IFRS”, “IASs”, “IFRSs”, “International Accounting Standards” and
“International Financial Reporting Standards”, “IFRIC” and “IFRS Taxonomy” are Trade Marks of the IFRS
Foundation.
Trade Marks
The IFRS Foundation logo, the IASB logo, the IFRS for SMEs logo, the “Hexagon Device”, “IFRS Foundation”,
“eIFRS”, “IAS”, “IASB”, “IFRS for SMEs”, “NIIF” IASs” “IFRS”, “IFRSs”, “International Accounting Standards”,
“International Financial Reporting Standards”, “IFRIC”, “SIC” and “IFRS Taxonomy”.
Further details of the Trade Marks including details of countries where the Trade Marks are registered or
applied for are available from the Foundation on request.
This product contains material that is ©Financial Reporting Council Ltd (FRC). Adapted and reproduced with
the kind permission of the Financial Reporting Council. All rights reserved. For further information, please
visit www.frc.org.uk or call +44 (0)20 7492 2300.
P.2 KA PLAN PUBLISHING
,CONTENTS
Page
Index to questions and answers P.5
Analysis of past exams P.10
Exam technique P.12
Paper specific information P.13
Kaplan’s recommended revision approach P.15
Kaplan’s detailed revision plan P.19
Section
1 Practice questions 1
UK GAAP focus questions 107
2 Answers to practice questions 117
UK GAAP focus answers 447
3 Specimen exam paper 1 questions 477
4 Specimen exam paper 1 answers 485
5 Specimen exam paper 2 questions 497
6 Specimen exam paper 2 answers 503
7 References 515
Versions of some questions in this Exam Kit may also be available on the ACCA Practice Platform on
the ACCA website. They are a very useful reference, in particular to attempt using ACCA’s exam
software. However, you should be aware that ACCA will decide when those questions will be
amended for syllabus changes or replaced, so they may differ slightly from the versions in this Exam
Kit
This document references IFRS® Standards and IAS Standards®, which are authored by the
International Accounting Standards Board (the Board), and published in the 2022 IFRS Standards
Red Book.
KA PLAN PUBLISHING P.3
, S B R : S TRA TE G IC BUSINES S RE POR TIN G ( IN T A ND UK )
Key features in this edition
In addition to providing a wide ranging bank of real past exam questions, we have also included
in this edition:
Paper specific information and advice on exam technique.
Our recommended approach to make your revision for this particular subject as effective
as possible.
This includes step by step guidance on how best to use our Kaplan material (Study Text,
Pocket Notes and Exam Kit) at this stage in your studies.
Enhanced tutorial answers packed with specific key answer tips, technical tutorial notes
and exam technique tips from our experienced tutors.
Complementary online resources including full tutor debriefs and question assistance to
point you in the right direction when you get stuck.
You will find a wealth of other resources to help you with your studies on the following sites:
www.MyKaplan.co.uk
www.accaglobal.com/students/
UK GAAP focus
The majority of the UK syllabus exam will be the same as the international exam, which is based on
International Financial Reporting Standards (IFRS® Standards and IAS® Standards). The UK exam
will also test some differences between UK GAAP and International Financial Reporting Standards.
There could also be a focus on the requirements of Companies Act. It is anticipated that the
differences will account for no more than 20% of the SBR UK paper.
UK syllabus students should refer to the list of examinable documents for the UK examination. This
document is available on the ACCA web site at www.accaglobal.com
To assist UK syllabus students, additional questions and answers based on examinable UK content
are included in this Exam Kit.
Quality and accuracy are of the utmost importance to us so if you spot an error in any of our
products, please send an email to with full details.
Our Quality Co‐ordinator will work with our technical team to verify the error and take action to
ensure it is corrected in future editions.
P.4 KA PLAN PUBLISHING
Strategic Professional
Strategic Business Reporting
(INT & UK) (SBR)
EXAM KIT
,S B R : S TRA TE G IC BUSINES S RE POR TIN G ( IN T A ND UK )
British Library Cataloguing‐in‐Publication Data
A catalogue record for this book is available from the British Library.
Published by:
Kaplan Publishing UK
Unit 2 The Business Centre
Molly Millar’s Lane
Wokingham
Berkshire
RG41 2QZ
ISBN: 978‐1‐83996‐149‐6
© Kaplan Financial Limited, 2022
The text in this material and any others made available by any Kaplan Group company does not amount to
advice on a particular matter and should not be taken as such. No reliance should be placed on the content
as the basis for any investment or other decision or in connection with any advice given to third parties.
Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited, all other Kaplan
group companies, the International Accounting Standards Board, and the IFRS Foundation expressly disclaim
all liability to any person in respect of any losses or other claims, whether direct, indirect, incidental,
consequential or otherwise arising in relation to the use of such materials. Printed and bound in Great
Britain.
Acknowledgements
These materials are reviewed by the ACCA examining team. The objective of the review is to ensure that the
material properly covers the syllabus and study guide outcomes, used by the examining team in setting the
exams, in the appropriate breadth and depth. The review does not ensure that every eventuality,
combination or application of examinable topics is addressed by the ACCA Approved Content. Nor does the
review comprise a detailed technical check of the content as the Approved Content Provider has its own
quality assurance processes in place in this respect.
This Product includes propriety content of the International Accounting Standards Board which is overseen
by the IFRS Foundation, and is used with the express permission of the IFRS Foundation under licence. All
rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in
any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior
written permission of Kaplan Publishing and the IFRS Foundation.
The IFRS Foundation logo, the IASB logo, the IFRS for SMEs logo, the “Hexagon Device”, “IFRS Foundation”,
“eIFRS”, “IAS”, “IASB”, “IFRS for SMEs”, “IFRS”, “IASs”, “IFRSs”, “International Accounting Standards” and
“International Financial Reporting Standards”, “IFRIC” and “IFRS Taxonomy” are Trade Marks of the IFRS
Foundation.
Trade Marks
The IFRS Foundation logo, the IASB logo, the IFRS for SMEs logo, the “Hexagon Device”, “IFRS Foundation”,
“eIFRS”, “IAS”, “IASB”, “IFRS for SMEs”, “NIIF” IASs” “IFRS”, “IFRSs”, “International Accounting Standards”,
“International Financial Reporting Standards”, “IFRIC”, “SIC” and “IFRS Taxonomy”.
Further details of the Trade Marks including details of countries where the Trade Marks are registered or
applied for are available from the Foundation on request.
This product contains material that is ©Financial Reporting Council Ltd (FRC). Adapted and reproduced with
the kind permission of the Financial Reporting Council. All rights reserved. For further information, please
visit www.frc.org.uk or call +44 (0)20 7492 2300.
P.2 KA PLAN PUBLISHING
,CONTENTS
Page
Index to questions and answers P.5
Analysis of past exams P.10
Exam technique P.12
Paper specific information P.13
Kaplan’s recommended revision approach P.15
Kaplan’s detailed revision plan P.19
Section
1 Practice questions 1
UK GAAP focus questions 107
2 Answers to practice questions 117
UK GAAP focus answers 447
3 Specimen exam paper 1 questions 477
4 Specimen exam paper 1 answers 485
5 Specimen exam paper 2 questions 497
6 Specimen exam paper 2 answers 503
7 References 515
Versions of some questions in this Exam Kit may also be available on the ACCA Practice Platform on
the ACCA website. They are a very useful reference, in particular to attempt using ACCA’s exam
software. However, you should be aware that ACCA will decide when those questions will be
amended for syllabus changes or replaced, so they may differ slightly from the versions in this Exam
Kit
This document references IFRS® Standards and IAS Standards®, which are authored by the
International Accounting Standards Board (the Board), and published in the 2022 IFRS Standards
Red Book.
KA PLAN PUBLISHING P.3
, S B R : S TRA TE G IC BUSINES S RE POR TIN G ( IN T A ND UK )
Key features in this edition
In addition to providing a wide ranging bank of real past exam questions, we have also included
in this edition:
Paper specific information and advice on exam technique.
Our recommended approach to make your revision for this particular subject as effective
as possible.
This includes step by step guidance on how best to use our Kaplan material (Study Text,
Pocket Notes and Exam Kit) at this stage in your studies.
Enhanced tutorial answers packed with specific key answer tips, technical tutorial notes
and exam technique tips from our experienced tutors.
Complementary online resources including full tutor debriefs and question assistance to
point you in the right direction when you get stuck.
You will find a wealth of other resources to help you with your studies on the following sites:
www.MyKaplan.co.uk
www.accaglobal.com/students/
UK GAAP focus
The majority of the UK syllabus exam will be the same as the international exam, which is based on
International Financial Reporting Standards (IFRS® Standards and IAS® Standards). The UK exam
will also test some differences between UK GAAP and International Financial Reporting Standards.
There could also be a focus on the requirements of Companies Act. It is anticipated that the
differences will account for no more than 20% of the SBR UK paper.
UK syllabus students should refer to the list of examinable documents for the UK examination. This
document is available on the ACCA web site at www.accaglobal.com
To assist UK syllabus students, additional questions and answers based on examinable UK content
are included in this Exam Kit.
Quality and accuracy are of the utmost importance to us so if you spot an error in any of our
products, please send an email to with full details.
Our Quality Co‐ordinator will work with our technical team to verify the error and take action to
ensure it is corrected in future editions.
P.4 KA PLAN PUBLISHING
