ACCA F7 Financial Reporting


Free ACCA F7 study materials and support

ACCA Paper F7 – Key to success

Paper F7 Changes for the December 2014 exams

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

NEW! Download also:

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.

ACCA video lectures

Free ACCA F7 Lectures

To fully benefit from F7 lectures, do not forget to download F7 course notes.
If you find our F7 lectures useful, please recommend this page to your friends!

Watch F7 lectures

ACCA F7 Revision lectures

Watch also F7 Revision Lectures based on the past ACCA exam questions
F7 Revision Lectures

ACCA Flashcards

ACCA F7 Flashcards

Practice key terms and concepts using F7 flashcards!

Available in 4 sets. Over 100 questions:

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

ACCA F7 Test

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

ACCA articles

ACCA Paper F7 Articles:

Impairment review of goodwill

Specially for OpenTuition students, Tom Clendon shares a chapter of his book: “A Student’s Guide to Group Accounts”

Student Accountant Article summary: Bin the clutter

ACCA Paper F7 Exam Analysis, Login/Register to download

IAS 7 Statement of Cash Flows

IFRS 5 Non-Current Assets Held for Sale and Discontinued Operations

Accounting for Intangible Assets

ACCA Exam Tips Paper F7 June 2014 examinations

Q1 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

Q2 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

Q3 20 mark cash flow (last time there was a question WITHOUT interpretation was December 2011) with a part b) 5 mark chat

Q4 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. As an alternative guess, short discussion about the re-introduction of “prudence” into The Framework

Q5 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.