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The document explains how SBR tests the application of accounting concepts rather than procedures, using crowdfunding as a worked context. It outlines how different crowdfunding models map to relevant IFRS standards and revenue recognition requirements, then applies these ideas through an exam-style example and suggested approach.",{"@graph":69,"@context":121},[70,84,104],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/revising-for-your-strategic-business-reporting-sbr-exam-part-1/661518/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":98,"encodingFormat":97,"isAccessibleForFree":99,"interactionStatistic":100},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/revising-for-your-strategic-business-reporting-sbr-exam-part-1/661518.png","ImageObject",300,407,{"name":92,"@type":93},"Indoniesian Boy","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-28",true,{"@type":101,"interactionType":102,"userInteractionCount":8},"InteractionCounter",{"@type":103},"ViewAction",{"@type":105,"mainEntity":106},"FAQPage",[107,113,117],{"name":108,"@type":109,"acceptedAnswer":110},"What two issues does this SBR Part 1 article address?","Question",{"text":111,"@type":112},"It addresses applying accounting principles to contemporary contexts and impairment of financial instruments. The goal is to help candidates revise and apply these topics effectively in the exam.","Answer",{"name":114,"@type":109,"acceptedAnswer":115},"How should candidates treat accounting in SBR?",{"text":116,"@type":112},"SBR tests not only how accounting is done, but how accounting principles are applied in different contexts. Candidates must apply knowledge to new scenarios and understand the underlying concepts and practices.",{"name":118,"@type":109,"acceptedAnswer":119},"Which IFRS standards are relevant to crowdfunding questions?",{"text":120,"@type":112},"If crowdfunding is considered a debt instrument, it falls within IFRS 9 (Financial Instruments). If it relates to an issue of capital, it falls within IAS 32 (Financial Instruments Presentation), and if rewards are issued, IFRS 15 governs revenue recognition.","https://schema.org",{"og:url":83,"og:type":123,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":125,"canonical":83},"index,follow",{"doc_id":127,"site_id":62},661518,1793168682,{"code":4,"msg":5,"data":130},{"doc_id":127,"user_id":131,"nickname":92,"user_avatar":132,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":133,"file_id":134,"file_url":135,"file_type":136,"file_size":137,"view_count":8,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":44,"language":138,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":139,"faqs":140,"seo_title":141,"seo_description":67,"update_tm":128,"read_time":142},962090760608,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","Revising for your Strategic Business Reporting (SBR) exam  \nPart 1  \nThe SBR examining team highlight a few areas of the syllabus that have caused candidates problems in recent exams and give some pointers on exam techniques, specific IFRS standards and current issues.  \nContents  \nIntroduction .................................................................. 2  \nApplying accounting principles to different contexts ... 3  \nCrowdfunding............................................................... 4  \nConsiderations.......................................................... 4  \nExample.................................................................... 5  \nSuggested answer.................................................... 5  \nGuidance .................................................................. 5  \nThe Impairment of Financial Instruments.................... 6  \nExample.................................................................... 7  \nGuidance .................................................................. 8  \nConclusion ................................................................... 9  \nIntroduction  \nThis article addresses two issues: first, the application of accounting principles in contemporary contexts (an exam technique issue) and secondly the impairment of financial instruments (a technical knowledge issue) . It is expected that SBR candidates will follow the guidance in this document to understand how they can assist their revision.  \nApplying accounting principles to different contexts  \nMany candidates perceive accounting to be a technical practice and believe that SBR tests ‘how you do accounting’. Whilst some of this is true, SBR also tests the application of accounting principles indifferent contexts because accounting is fundamentally a social practice, which guides and influences the behaviour of people in organisations and society. As such, accounting needs to be studied and understood in the contexts within which it operates. The SBR syllabus therefore focuses on the concepts, principles and practices that underpin the preparation and interpretation of corporate reports in different contexts (including ethical contexts) . This is because the application of knowledge is a skill that employers’ value and therefore seek   after all, an employer will not present you with a problem that has already been solved or one that you have seen before. Understandably, candidates struggle with this because they are expected to be able to use knowledge in new situations, make connections, explore outcomes and generate ideas.  \nCrowdfunding  \nSBR candidates should be prepared for exam questions to test accounting concepts within different accounting contexts that they may not necessarily have encountered before. This section considers crowdfunding as one such context and describes the process that candidates should go through to apply their knowledge to this particular context.  \nCrowdfunding is the funding of a new start-up or project by collecting cash from a variety of individuals/entities often via the Internet. There are 4 common ways of raising funds:  \n• Equity-based crowdfunding: The equity-based approach is targeted at investors who receive shares in the new company.  \n• Debt-based crowdfunding: With debt-based crowdfunding, a contributor makes a loan to a business that’s looking to crowdfund, with the intention of subsequently being repaid with interest.  \n• Reward-based crowdfunding: This involves promising specific items (rewards) to contributors before the launch of a new project, product, or business. A reward-based campaign isn’t generally targeted at contributors who are looking to profit from their investment but at those who want to own a new product.  \n• Donation-based crowdfunding: Contributors make “donations” to a project or  \ncompany and may receive existing ‘rewards’ in return. Some forms of donationbased crowdfunding don’t involve any sort of reward as donors wish to contribute to ","cbCaimJuDGtzqZAF","https://ap.wps.com/l/cbCaimJuDGtzqZAF","pdf",179727,"English","# Introduction\n## Applying accounting principles to different contexts\n## Crowdfunding\n## Considerations\n## Example\n## Suggested answer\n## Guidance\n## The Impairment of Financial Instruments\n## Conclusion","[{\"question\":\"What two issues does this SBR Part 1 article address?\",\"answer\":\"It addresses applying accounting principles to contemporary contexts and impairment of financial instruments. The goal is to help candidates revise and apply these topics effectively in the exam.\"},{\"question\":\"How should candidates treat accounting in SBR?\",\"answer\":\"SBR tests not only how accounting is done, but how accounting principles are applied in different contexts. Candidates must apply knowledge to new scenarios and understand the underlying concepts and practices.\"},{\"question\":\"Which IFRS standards are relevant to crowdfunding questions?\",\"answer\":\"If crowdfunding is considered a debt instrument, it falls within IFRS 9 (Financial Instruments). If it relates to an issue of capital, it falls within IAS 32 (Financial Instruments Presentation), and if rewards are issued, IFRS 15 governs revenue recognition.\"}]","Revising for your Strategic Business Reporting (SBR) exam - Part 1 | PDF",23]