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ACCA F7 Introduction

VIVA

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  4. Dear Sir,
    I am going to prepare myself for F7 and F9 June 2014 session. I would like to ask you for an advice. At the moment I am in Poland for a family reasons (I used to live and work in the UK last 7 years) and will be passing there this two exams, but I have a problem if shall I choose UK or International version. My situation is not clear enough at the moment and there is possibility that I would stay in Poland for the next couple of years and probably will come back to the UK. I have done F1,F2,F3,F4,F5 and F9 papers already with a great help from Opentuiton for which I really thank you. I am confused what shall I do in terms of choosing the version as I probably will start work in Poland soon and then move back to the UK. I don’t want to lose the papers and I don’t know how it works in the UK in terms of getting ACCA qualification. Please advise me Sir, thank you.

  5. @MikeLittle Sir I hope you remember me. I would like to thank you as I was able to clear all the 4 exams F7,F9, P1 & P3 in first attempt. F7 & P1 being taught by you helped me get a clear idea.

    I scored
    F7:75
    F9:93
    P1:73
    P3:63

    I am very hopeful with a teacher like you I will sail through june 2014 and will become an affiliate. I am giving p2,p5 and p7. I guess all of these are taught by you.

    Thank you once again

  6. Hi Sir Mike,

    I Would like to Thank you so much for helping me throughout Paper F7, I passed this paper, I really thought it was tough paper and I am going to fail but I passed, thank you so much sir for your countless efforts and for helping me. May god bless you, and I also passed F6.

    Hammad

  7. Dear Mr. Mike,

    I’d like to thank you, I have passed the F7 exam! Thank you for your efforts and constant help throughout the preparation time, thanks for the lectures and for answering my questions.

    Ps. Passed F7, F8 and F9 – Thanks to all of you!

    Maha

    • Hi, neither Kaplan nor BPP tackle consolidation answers in the same way as me. The principles are the same, but I believe that my layout is simpler. As for other publishers, I really don’t know and nor am I prepared to recommend neither Kaplan nor BPP as being a preferred option.

      Sorry

    • Hi Tarek – there are no plans to record any new lectures with just one exception The topic of accounting for unrealised profits on an intra-group transfer of tangible non-current assets needs to be re-recorded.

      Otherwise, I believe that the lectures are all still applicable for 2014

      • Dear sir,

        Why is there a minor adjustment for the URP on Intra group transfer of tangible non current assets? The syllabus is valid for June 2013 to June 2014, please shed some light on this.

        Also is the adjustment you’re talking about from the video lectures is Chapter 8, 3rd video? In this case should I read my F7 BPP kit to get the updated explanation?

        Thanks 🙂

      • Hi Tyler – there was an amendment to the treatment of the depreciation on the unrealised profit on the occasion of a TNCA transfer. The revised treatment is to go up on the site early in the new year. The effect is that the NET unrealised profit is adjusted in the records of the selling company (previously the gross profit was adjusted in the selling company and the depreciation was adjusted in the buying company)

        I’ll check up what the video is to which you refer. If it is, I’ll not post again. If it isn’t, then I’ll post again to let you know

      • Thank you for your prompt reply sir. 🙂 I’ll start studying around the 7th of Jan next year. Hopefully it will be updated by then. Anyways, with your reply, I already got an idea of the amendment 😀

        Many thanks.
        Tyler

      • Thanks mr mikel
        can i use new notes with old lecture or i will find differnce between them ? and can i depend on notes and

        lecture without study text

        thanks mr mike

      • Hi Tarek

        There’s one small difference which I am going to re-record – concerning the treatment of depreciation on the unrealised profit recognised on the intra-group transfer of TNCA.

        Other than that, you should be ok using the notes with the original lectures

  15. Greetings sir.
    For the next sitting of F7 in June 2014, will there be any changes as to the rules or concepts embodied in any of the IAS and IFRS in the syllabus?

    Is the video here up to date and is it still reliable for June 2014 sitting?

    thank you.

  16. Thanks mr mikel but i think that it will be very difficult to write by keyboard in computer in white paper in process of preparation financial statements and it will take more time please mr mikel give me advise in that. and i want ask about another thing . if i paying and register now can i take exam in jun 2014 or i will wait acca confirm after 6 weeks
    and how many paper you advise me to take in one session . I am CMA certified and i will start f6 and f7 i will take exemptions for 7 papers right?
    thanks again mr mikel

  17. please any body help me i am a CMA certified and i want take ACCA i will start by f7 but i do not have experience in ACCA exams i want to know the form of question and how can i answer i will use excel sheet? or what? i donot know
    please help

    • Hi Tarek

      If you check on the F7 page (select F7 from the list of exams at the top of this page) you’ll find within the F7 menu access link to the ACCA past exam papers going back to December 2007.

      That should help you to appreciate the form and content of the exams.

      As for spread sheets – no, the exam answers after F1, F2 and F3 are all at the moment hand-written.

      If you need more information, please do post again

      • Thanks mr mikel but i think that it will be very difficult to write by keyboard in computer in white paper in process of preparation financial statements and it will take more time please mr mikel give me advise in that. and i want ask about another thing . if i paying and register now can i take exam in jun 2014 or i will wait acca confirm after 6 weeks
        and how many paper you advise me to take in one session . I am CMA certified and i will start f6 and f7 i will take exemptions for 7 papers right?
        thanks again mr mikel

    • Mr. Little,
      Would you also kindly confirm if this lectures are suitable when studying for UK exams and what would be best syllabus to study for somebody planning to become UK practitioner but in a global company.
      Thank you, Vlad

      • Sorry Vlad, just seen this post – if you had posted it on “Ask the tutor” I would have seen it earlier and responded much quicker.

        I understand that, at present, you should be looking at UK variant if you wish to practice in the UK. However, it can only be a matter of time (a short time) before the UK adopts international standards and completely moves away from UK GAAP. If you want to risk it and hope that the move happens before you get to P2, then International variant is the one for you.

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