How to approach the Strategic Business Reporting (SBR) exam
SBR has a wide ranging syllabus, which includes many accounting standards, some introduced in Financial Reporting and others examined only in SBR.
Current issues, exposure drafts and narrative reporting frameworks also feature. Questions are set in the context of single entities, groups, private or public sector, for-profit, or not-for-profit organisations.
To study SBR effectively you need to understand the nature of the exam and what you will be asked to do.
In SBR, as in the workplace, you need to consider the point of view of investors and other stakeholders. This means analysing and interpreting information, explaining how transactions affect the financial statements and other reports or explaining accounting treatments and disclosures.
The Conceptual Framework underpins the whole syllabus. The better you know the Framework, the easier it is to learn the principles of each indvidual standard.