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.
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ACCA course notes

Free ACCA F7 notes

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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

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Introduction to ACCA Paper F7


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ACCA F7 Revision lectures

Watch also F7 Revision Lectures based on the past ACCA F7 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 Revision Mock Exam

Check how well prepared you are for ACCA F7 Exam, and take our interactive, computer based Revision F7 Exam

To benefit the most from this Mock exam, please turn off all distractions and sit it under real exam conditions.

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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”

See all F7 articles

ACCA Paper F7 Exam Analysis, Login/Register to download

ACCA Exam Tips Paper F7 June 2015 examinations

Section A
40 marks MCQ anywhere from the syllabus
Section B

In addition to the 20 mcqs, there are 2 questions worth 15 marks each and will likely be based on one or more IAS / IFRS and or recent articles from Student Accountant

Possible topics and related articles include:

  IAS 18 Revenue and the article “Revenue Recognition”

  IAS 17 Leasing and two articles “Accounting for Leases” and “Leases – Operating or Finance”

  IAS 41 Agriculture  (question in the course notes)

And the last question for 30 marks – cash flow with maybe a bit of comment on financial situation (last two exams have had financial performance evaluation / commentary)

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.