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ACCA F7 Introduction

VIVA

Reader Interactions

Comments

  1. jessie1974 says

    February 18, 2014 at 2:37 am

    I passed the F7 paper on Dec 2013 with having opentuition F7 lectures and put efforts on past exams and BPP practice kits. Thank you opentuition team and lecturers.

    Log in to Reply
    • MikeLittle says

      February 18, 2014 at 10:05 am

      You’re welcome Jessie and congratulations on your success at F7

      Log in to Reply
  2. hixam says

    February 14, 2014 at 1:17 pm

    sir i mean to find factor or multiplier. which i think is eg cost * ( factor ) will give after all dep or remaing amount after the dep

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  3. sky1407 says

    February 13, 2014 at 6:06 pm

    may i knw the lectures here are in uk or international variant?thnaks

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    • Tyler says

      February 14, 2014 at 5:18 am

      It’s for the International Variant 🙂

      Log in to Reply
  4. mariola says

    February 10, 2014 at 10:58 pm

    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.

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    • MikeLittle says

      February 11, 2014 at 6:51 am

      ACCA have announced last week that they are going to drop the UK versions of F7 and F8 with effect from December this year. My advice would be to enter for the International variant.

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      • mariola says

        February 14, 2014 at 4:26 pm

        Dear Mike,

        Thank you for a prompt reply:-)

  5. tejot says

    February 8, 2014 at 7:40 pm

    @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

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    • MikeLittle says

      February 9, 2014 at 9:19 am

      Hi Tejot – of course I remember you! Some pretty good marks there, well done. No, only P2 and P7 are mine but I’m already looking forward to a string / avalanche of questions from you!!

      🙂

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  6. hamzaharoon says

    February 8, 2014 at 11:02 am

    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

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    • MikeLittle says

      February 8, 2014 at 11:14 am

      Well done Hammad – successes like yours help to keep the team motivated 🙂

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  7. Mahoysam says

    February 8, 2014 at 6:46 am

    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

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    • MikeLittle says

      February 8, 2014 at 9:13 am

      Well done Maha! Onwards and upwards 🙂

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  8. tarek says

    January 26, 2014 at 4:59 pm

    hi mr mike i want you to advise me about what the best revision kit i can use for f7 june 2014 ? and meet our method in opentuition

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    • MikeLittle says

      February 8, 2014 at 9:11 am

      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

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  9. eackary says

    January 14, 2014 at 11:54 am

    Hi, can i just check that i’m ok using these for June 2014 exam?
    Thank you

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    • MikeLittle says

      January 14, 2014 at 11:55 am

      They should be fine for June 2014

      Log in to Reply
      • eackary says

        January 15, 2014 at 9:41 am

        Thank you

    • MikeLittle says

      January 14, 2014 at 12:18 pm

      estelle, why are you showing up on my inbox as “eackary”?

      Log in to Reply
  10. vanissakhan says

    January 7, 2014 at 5:56 pm

    hi sir
    do i need the get a text or is the course notes sufficient.

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    • MikeLittle says

      January 7, 2014 at 7:01 pm

      See my comment to Tyler immediately below this post

      Ok?

      Log in to Reply
      • MikeLittle says

        January 7, 2014 at 7:03 pm

        Sorry! It’s not immediately below – it was a different thread!

        Check the forum to find a comment from Tyler about chapters 1 – 5 and my answer is relevant to your question

  11. tarek says

    December 23, 2013 at 8:21 pm

    Hi mr mike
    About notes 2014 is it meet lectures or you will do new lectures for it ? please help

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    • MikeLittle says

      December 24, 2013 at 8:01 am

      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

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      • Tyler says

        December 28, 2013 at 6:47 am

        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 🙂

      • MikeLittle says

        December 28, 2013 at 8:17 am

        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

      • MikeLittle says

        December 28, 2013 at 8:20 am

        Hi, I changed my mind and decided to post anyway. Yes, Chapter 8 third video is the one which is to be re-recorded

      • Tyler says

        December 28, 2013 at 8:22 am

        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

      • tarek says

        December 29, 2013 at 3:58 pm

        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

      • MikeLittle says

        December 30, 2013 at 7:42 am

        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

  12. mbewe says

    December 17, 2013 at 6:19 am

    i would like to write f7,f8,f9 papers in june next any help or materials or how i can manage to study these three papers?

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    • Natasha says

      December 17, 2013 at 9:21 am

      Hi mbewe,

      I have f7 text book if you are interested

      Log in to Reply
      • mbewe says

        December 18, 2013 at 12:09 pm

        Hi natasha

        for which year?

      • Natasha says

        December 18, 2013 at 12:55 pm

        It’s for 2013..Still usable for 2014

      • tarek says

        December 19, 2013 at 1:35 am

        can i get it natasha . this my e mail .

        ta**************@***oo.com

      • Natasha says

        January 14, 2014 at 1:43 pm

        Hi Tarek,

        It’s been sold off already

  13. rick says

    December 17, 2013 at 4:40 am

    Will there be any update video for F7 course? If so, when will it be available for students to watch?

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  14. tarek says

    December 12, 2013 at 7:15 pm

    Any one can give me f7 material for 2014 exam where can i find it ?

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  15. akcw says

    December 3, 2013 at 3:12 pm

    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.

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    • MikeLittle says

      December 3, 2013 at 3:21 pm

      Hi

      There will be some minor cosmetic changes but, apart from one particular area that I need to re-record (the notes are correct but the recordings are not – it’s the accounting treatment for the depreciation on the unrealised profit recognised on an intra-group transfer of TNCA) the rest is substantially the same as it will be for June 2014

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      • akcw says

        December 10, 2013 at 7:34 am

        thank you sir 🙂

      • MikeLittle says

        December 10, 2013 at 8:56 am

        You’re welcome

  16. tarek says

    November 29, 2013 at 12:27 pm

    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

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  17. tarek says

    November 27, 2013 at 2:13 pm

    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

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    • MikeLittle says

      November 27, 2013 at 3:09 pm

      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

      Log in to Reply
      • tarek says

        November 27, 2013 at 10:59 pm

        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

  18. dionnee says

    September 22, 2013 at 3:25 pm

    Mr Little,can I use a BPP 2011 text for F7 Dec 2013 exams, are there any or much changes?

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  19. absylum007 says

    September 21, 2013 at 11:12 pm

    what about the rest of the lectures ???

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  20. retha1955 says

    September 11, 2013 at 7:17 pm

    Hi

    I see the notes is for the international exam. Can i use them for the UK exams? Are there allot of differences? Please help.

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    • Vladimir says

      September 25, 2013 at 3:19 pm

      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

      Log in to Reply
      • MikeLittle says

        November 27, 2013 at 3:12 pm

        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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