ACCA F7 Financial Reporting

Free ACCA F7 study materials and support


ACCA Paper F7 – Key to success

Nature of the ACCA F7 paper

ACCA F7 Paper – Financial Reporting – is a step up from the double entry
bookkeeping learned at F3 and is a link leading to P2 advanced Corporate
Reporting. It extends the appreciation of the preparation of consolidated
financial statements and examines a student’s ability to prepare and / or
interpret a business’ performance from a set of financial statements.
[Learn more>>]


ACCA course notes

Free ACCA F7 notes

To download please login (registration is free)

View on line F7 notes >>

To fully benefit from these notes please access our free lectures below

Note: These course notes are not meant to replace study texts. To succeed in your exam, you need to get updated Revision kit from an ACCA approved publisher.

Copyright: Selling or profiting in any way from these notes without our permission is prohibited. If you would like to use our course notes in your college, please check our OpenLicence for details.


OpenTuition_Becker21


ACCA video lectures

Free ACCA F7 Lectures

To fully benefit from F7 lectures, do not forget to download F7 course notes.

To access F7 lectures click here >>

If you find these lectures useful, please recommend this page to your friends!


ACCA Flashcards

ACCA F7 Flashcards

Practice key terms and concepts using our new F7 flashcards!

Available in 4 sets. Over 100 questions:

F7 Financial Reporting Flashcards: Set 1 | Set 2 | Set 3  | Set 4



Instant Poll


ACCA Flashcards

ACCA F7 Revision Test

To complete the quiz you must answer all 20 questions, then you will be shown the results and the correct answers.
(This quiz selects 20 questions at random from the bank of over 100 questions, so do try the test again)

Start ACCA F7 test now >>



ACCA Exam Tips Paper F7 Dec 2013 examinations

  1. Consolidated Statement of Financial Position AND Statement of Income, mid-year acquisition, share for share exchange, nci value based on share price, fair value upward adjustments, intra-group sales and pups, goodwill impairment
  2. Statements of Financial Position, Income AND Changes in Equity, list of  balances, problems with revenue recognition (consignment goods), inventory adjustment, TNCA revaluation, depreciation straight line and reducing balance, loan interest accrual, tax provision and deferred tax movement
  3. 20 mark cash flow (last time there was a question WITHOUT interpretation was December 2011) with a part b 5 mark chat
  4. 15 mark question covering 2 or 3 IAS with short, relatively straight- forward calculations. Possibles?  Could be anything, but here are 3 wild guesses:- subsequent events, leasing and borrowing costs
  5. 10 mark question – could be something like development expenditure, complex depreciation question or (relatively easy) earnings per share
Please Note

Tips should not be relied on – they are only intelligent guesses.
Their only purpose is to give you suggestions for topics to concentrate on in your last few days of preparation. Do not exclude other topics from your overall preparation.