Exam date:
Tuesday 9 December 2008
Examiner: Stephen Scott
Paper F7
Financial Reporting (INT)
Paper F7 Syllabus
Paper F7 Student Accountant Articles
Paper F7 Past Exams - Questions and Answers
News
New audio lectures are now on line!
Course notes for Paper F7 INT December 2008 exams are now available below
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Paper F7 Course Notes December 2008
Please note that these course notes are not meant to replace study texts.
- Contents and Aims and objectives
- Chapter 1 - Financial Reporting – basic concepts
- Chapter 2 - The regulatory framework
- Chapter 3 - Published Financial Statements
- Chapter 4 - IFRS 5 – Discontinued operations and assets held for sale
- Chapter 5 - IAS 8
- Chapter 6 - Group Accounts: An Introduction
- Chapter 7 - Preparation of The Consolidated Statement of Financial Position
- Chapter 8 - Group Accounts: Intercompany Transactions
- Chapter 9 - The regulatory framework
- Chapter 10 - Preparation of the Consolidated Statement of Comprehensive Income
- Chapter 11 - Accounting for Investments in Associates (IAS 28 Revised)
- Chapter 12 - IAS 2 – Inventories
- Chapter 13 - IAS 11 construction contracts
- Chapter 14 - IAS 36: Impairment of Assets
- Chapter 15 - IAS 37 – Provisions, contingent liabilities and contingent assets
- Chapter 16 - IAS 17 Leases
- Chapter 17 - IAS 23 Borrowing costs
- Chapter 18 - IAS 12 Income taxes
- Chapter 19 - IAS 7 (Revised): Statements of Cash Flows
- Chapter 20 - Interpretation of Accounts – Ratio Analysis
- Chapter 21 - IAS 33: Earnings Per Share
- Chapter 22 - Theoretical matters
- Chapter 23 - IAS 16 Property, plant and equipment
- Chapter 24 - IAS 18 Revenue
- Chapter 25 - IAS 20 Government Grants
- Chapter 26 - IAS 38 Intangible assets
- Chapter 27 - IAS 40 Investment properties
- Chapter 28 - IAS 32 IAS 39
- Answers to examples
Answers to examples will be available soon
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Audio Lectures for Paper F7
Listen on line to live lectures
- Paper F7 Introduction and exam tips
- Chapter 12 IAS 2 – Inventories
- Chapter 13 IAS 11 construction contracts
- Chapter 13 Example 1
- Chapter 13 Example 2 & 3
- Chapter 13 Example 4
- Chapter 13 part 5
- Chapter 14 IAS 36 Impairment of Assets
- Chapter 15 - IAS 37 – Provisions, contingent liabilities and contingent assets
- Chapter 15 - Example 1
- Chapter 15 - Example 2
- Chapter 15 - IAS 37 part 4
- Chapter 15 - Example 4
- Chapter 16 - IAS 17 Leases (part 1)
- Chapter 16 - IAS 17 Leases (part 2)
- Chapter 16 - Example 2 (part 1)
- Chapter 16 - Example 2 (part 2)
- Chapter 17 - IAS 23 Borrowing costs (part 1)
- Chapter 17 - IAS 23 Borrowing costs (part 2)
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Tips for ACCA F7 Exam December 2008
Question 1
Consolidation, probably Statement of Financial Position, with subsidiary
( full year ) and Associate ( part year )
Question 2
Preparation of financial statements from a trial balance or draft set of
accounts with 6 or 7 adjustments to make - beware the accrued loan interest
Question 3
Cash flow, with or without an interpretation section. Probably with
interpretation so ....a relatively straight-forward cash flow for ( say ) 12
marks and a report interpreting the results for 13 marks
Question 4
15 marker on some lesser examined topic. Construction contracts would be
my guess - but it could be anything - EPS, Leases, Contingencies and
provisions ..... )
Question 5
Could be absolutely anything! Any part of the question Mrs Harper from
the BPP revision kit would be a good Q5 - or part (b) of Q5
