F7 Exam Tips by ATC,BPP,KAPLAN,LSBF Dec 2010 exam!

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  • Avatar of Mrtaza
    Mrtaza
    Participant
    • Topics: 45
    • Replies: 109

    ATC

    • Leases.
    • Revenue recognition.
    • Substance versus form.
    • Convertible instruments (IAS 39).
    • Accounting for taxation.
    • Accounting assets – IAS 16.

    Important areas that have not been examined under the new syllabus and so may feature are:
    • Construction contracts.
    • Impairment of assets.
    • IAS 37, accounting for provisions.

    BPP

    • Consolidated SOCI and/or SOFP with one subsidiary plus associate –
    including adjustments for fair values, unrealised profit, intragroup trading, goods/cash in transit, other syllabus area.
    • Accounts restatement/preparation with adjustments – depreciation, current/deferred tax, inventory valuation, leases, substance over form issues, financial instruments.
    • Interpretation and/or statement of cash flows, perhaps with written part on aims of not-for-profit entities. Interpretation may focus on limited ratios and their interpretation.
    • Conceptual framework.
    • Other areas – regulatory framework, inflation, government grants, discontinued operations,
    impairments, deferred tax, leases, intangible assets, or provisions.

    Kaplan
    Q1 – mixed consolidated income statement and statement of financial position (possible adjustments to include PURP).
    • Q2 – redraft of financial statements (also to include SOCIE) – possible adjustments could include revenue recognition, investment property, depreciation.
    • Q3 – calculation of an element of a statement of cash flow and a report to include calculation of ratios and interpretation of the accounts using the statement of cash flow and ratio results.
    • Q4 & Q5 – IFRS 5: discontinued operations, government grants, investment property.

    LSBF

    • Q1 – consolidated income statement with IFRS 3 (Revised) discussion, or both CSFP and CIS in same Q (last one Dec 2008).
    • Q2 – re-drafting or published accounts.
    • Q3 – interpretation mainly, with or without cash flows.
    • Q4 – mixed standards, especially leasing, impairment, EPS, grants.
    • Q5 – depreciation, provisions, deferred tax, standard setting.


    avatar
    aliikhlaq2006
    Member
    • Topics: 3
    • Replies: 4

    can u plz give the reference from where u get this


    avatar
    zayd118
    Participant
    • Topics: 1
    • Replies: 7

    far how can u be sure the tips are good?


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    jeanbmbm
    Participant
    • Topics: 0
    • Replies: 2

    Is it really possible for published accounts to come


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    demotti
    Member
    • Topics: 0
    • Replies: 1

    hmm


    avatar
    jespa
    Member
    • Topics: 0
    • Replies: 2

    thanks for the tips for my revision is now easy


    avatar
    alicia21
    Participant
    • Topics: 0
    • Replies: 6

    These tips are just educated guesses they are to be used in conjunction with proper study techniques.


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    umariaz123
    Member
    • Topics: 0
    • Replies: 1

    DONT RELY ON THESE TIPS


    Avatar of ansi
    ansi
    Moderator
    • Topics: 89
    • Replies: 811

    guys , why are you even looking at tips of past session ??! :D

    there are updated ones at the forum already!

    and surely, don’t rely on tips.
    Simply look through them and check whether you are ok with all of those topics and keep revising all the rest ;)

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