Consequently not only is the syllabus important to get to grips with in terms of passing the F7 exam, but it is essential knowledge in then being able to pass P2 too. The F7 exam contains 5 questions, all of which must be attempted. As with all of the papers, students have 15 minutes reading time prior to the 3 hours of writing time to complete the exam although the word complete is perhaps misleading, but more of that later!
Adverts Friends My 2-pence worth! I passed my finals last year thanks be to God but they are tough going.
I presume F7 is the old 2. I'm not sure if its still compulsory I'm sure it's written at the front of your notes - ask the lecturer its not!
A bit confusing at first but once you get the hang of it it's the quickest way possible. Again - crucial for your finals! By doing the consol questions you'll be dealing with the adjustments on Financial instruments and Fixed Assets etc that can come up as individual scenario questions so much of the course flows from this.
I found practicing the same questions over and over again a good way to study. You may not get them right - even after doing the same question for the 10th time but you'll get very close and start to see where you make mistakes and all of the figures fall into place and do make sense.
Question practice is the best way. There's no real short cut i'm afraid. Start off with the basic examples from the notes or the easy exam questions. I seem to remember some of the questions being an awful lot more difficult than others. You'll also note that for that paper many of the adjustments repeat themselves from one question to the next.
You should try to gain an understanding of what the consol accounts are trying to achieve. Once you get this understanding the idea of eliminating inter-co balances and the other tricky adjustments just make sense!!
Try to do a big weeks study before your revision course. The more knowledge you have going into it the more you'll get out of it.
That goes for all subjects. The Cashflow is another popular question and not a difficult one really. Again I think Davids methods were excellent. I remember the checklist well Best of luck with the study and hope the exams go well.ACCA F7, Financial Reporting, Study Text (PDF) BPP ACCA F7, Financial Reporting, Study Text (PDF) BPP This is the edition, but still covers almost all of syllabus.
ACCA Approved and valid for exams from 01 Sept up to 30 June - Becker's Study Text has been approved and quality assured by the ACCA's examining team and includes: An introductory session containing the Syllabus and Study Guide and approach to examining the syllabus to familiarise you with the content of this paper, comprehensive coverage of the entire syllabus, focus on learning Author: Becker Professional Education.
About this Course This course provides you with an understanding of the subjects covered in the 'F7' ACCA paper.
The ' Financial Reporting' paper – is a step up from the double entry bookkeeping learned at F3 and is a link leading to P2 advanced Corporate Reporting.
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