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.
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.
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.
@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.
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!!
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.
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.
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.
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
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?
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 😀
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
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?
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
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
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
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.
jessie1974 says
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.
MikeLittle says
You’re welcome Jessie and congratulations on your success at F7
hixam says
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
sky1407 says
may i knw the lectures here are in uk or international variant?thnaks
Tyler says
It’s for the International Variant 🙂
mariola says
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.
MikeLittle says
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.
mariola says
Dear Mike,
Thank you for a prompt reply:-)
tejot says
@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
MikeLittle says
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!!
🙂
hamzaharoon says
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
MikeLittle says
Well done Hammad – successes like yours help to keep the team motivated 🙂
Mahoysam says
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
MikeLittle says
Well done Maha! Onwards and upwards 🙂
tarek says
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
MikeLittle says
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
eackary says
Hi, can i just check that i’m ok using these for June 2014 exam?
Thank you
MikeLittle says
They should be fine for June 2014
eackary says
Thank you
MikeLittle says
estelle, why are you showing up on my inbox as “eackary”?
vanissakhan says
hi sir
do i need the get a text or is the course notes sufficient.
MikeLittle says
See my comment to Tyler immediately below this post
Ok?
MikeLittle says
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
tarek says
Hi mr mike
About notes 2014 is it meet lectures or you will do new lectures for it ? please help
MikeLittle says
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
Tyler says
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
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
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
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
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
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
mbewe says
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?
Natasha says
Hi mbewe,
I have f7 text book if you are interested
mbewe says
Hi natasha
for which year?
Natasha says
It’s for 2013..Still usable for 2014
tarek says
can i get it natasha . this my e mail .
tarek_elzefary_2@yahoo.com
Natasha says
Hi Tarek,
It’s been sold off already
rick says
Will there be any update video for F7 course? If so, when will it be available for students to watch?
tarek says
Any one can give me f7 material for 2014 exam where can i find it ?
akcw says
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.
MikeLittle says
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
akcw says
thank you sir 🙂
MikeLittle says
You’re welcome
tarek says
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
tarek says
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
MikeLittle says
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
tarek says
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
dionnee says
Mr Little,can I use a BPP 2011 text for F7 Dec 2013 exams, are there any or much changes?
absylum007 says
what about the rest of the lectures ???
retha1955 says
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.
Vladimir says
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
MikeLittle says
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.