ACCA F7 – Nature of the 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.
Structure of the ACCA F7 paper
The exam is a three-hour paper, with all questions being compulsory, and with 15 minutes reading time.
There will be two sections to the exam:
Section A will comprise 20 multiple choice questions of 2 marks each.
Section B will comprise one 30 mark questions and two 15 mark questions.
(The 30 mark question will examine the preparation of financial statements for either a single entity or a group. The section A question and the other questions in Section B can cover any areas of the syllabus.)
How to pass ACCA F7 Exam
Use the OpenTuition ACCA F7 lectures together with the F7 course notes. Try to read a study text, at least once.
Follow the worked examples of all the questions 1, 2 and 3 on this website since the “new” syllabus arrived in 2007. Revision lectures based on past ACCA F7 exam questions are available on line.
Join in the forum on this site and, if you still have a problem which you are unable to resolve, post your question on the “Ask the Tutor ACCA F7 Exams” page
See also:
F7 Forum Support – post your questions to get help from other students
Ask the Tutor ACCA F7 Exams
Paper F7 INT/UK/IRL Syllabus
Examinable documents INT & UK
F7 Past exam papers INT
F7 Past exam papers UK
Examiners’ reports
F7 Examiner’s approach interview
F7 Examiner’s approach article
F7 Examiner’s analysis interview
F7 Technical articles
F7 Pass rates
Hi sir. Is it possible that cash flow will come up in section c for june 2018 paper based exam?
It’s perfectly possible
The exam format above is incorrect.
Now there are 3 sections:
A- 15 multiple choice questions
B- 3 multi task questions
C- 2 structured questions
please visit the ACCA wesite for confirmation.
You’re right of course – in the very near future the relevant page is to be updated along with the lectures, but thanks for your input
Hi, if you don’t show workings for consolidated profit or loss and the answe is correct will you still get marks?
Yes, but why wouldn’t you show the workings? Goodwill (and therefore the calculated figure as a percentage impairment through profit or loss) could be worth up to 5 marks
If you make a single mistake in the calculation of that goodwill to be impaired that’s 5 marks down the drain
If you show your workings and there’s just that one mistake in the calculation, you’re still scoring 4 out of the 5 available
OK?
It was the statement of profit or loss. I wrote all workings in pencil but i heard the pencil won’t scan
Hi,i recently sat for F8 this past September sitting and I am going for F6 and F7 this coming December just started studying with F6 today what’s your advice? Is it too late to go for two or they may be both passed depending on how I schedule my for studies?
God bless you all
I need a study group from Malaysia with whom I can share study materials on F7. Financial reporting.
Where can I find “worked examples of all the questions 1, 2 and 3 on this website”
Home, ACCA, F7, scroll down to “ACCA Revision lectures” and click on that.
This post should have been on the “Ask the Tutor” page!
Examiners need to be lenient with students who fail with mark 49
my lecturer said those around 49 marks, examiner will check upon their theory questions.. just write even simple words.. they want to see it rather than just do the calculation part..
hello i had listen that no of attempts is incresed in a year is it true then from what period.
Hi Muhammed
I’m not sure I fully understand your post (“hello i had listen that no of attempts is incresed in a year is it true then from what period.”) but this is what I think you meant ….. “Hello, I heard that the number of sittings per year for exams is to be increased. Is it true? If so, then what date does this proposed change take effect?”
Am I correct? Is that what you meant to ask? If so, the ACCA is introducing change slowly. F4 is to be made available as a CBE in the near future and is certainly to be made 70% multi-choice based with effect from December 2014 The other F level exams will convert during 2015
With reference to “more sittings per year” yes, there appears to be a move towards 3 sittings per year but, not to worry, by then you will have already qualified!
Hi Mike ,
I just came across you post and would like you to confirm if the changes mentioned regarding the introduction of more sitting this year have been introduced ).
Regards,
Alpha Omaru Jabbie
Hi, yes, with effect from September this year some (but not all) centers will have an extra session in this September and then, with effect from 2016 all centers around the world will have 4 sittings each year.
There’s a lot of detail in this in order to be able to explain it fully. Have you read the information on the ACCA’s own website?
hmmmm … count down begins … just 30 days to go …. f7 and f9 … waiting for me.
Hello Mike,
I`m appearing for F7 & F5, & 7 has already been started can you please guide me further with how to prepare for it & some things to follow / not to follow. Would be great Help
Thanks,
Hardik
sometime i just think….I M ON DEEP SLEEP nightmare….needs lot of energy to stay cool n digest whatever comes forward! wish you success!
Hi fellow students,am facing alot problems at adjustment involving impairment,non-controlling and fair value.
Adjustments for Impairment, NCI and Fair value
Please site specific areas or a question on the above, Iam quite comfortable, then perhaps I can help
nice to see this post…tnx
what was the secret you folks used: i am going in for F5
;F6 and F7 in december: couldnt write in June
Hi .I am going in for F7 AND F9.but not start yet …come on ~
How were exams?
Hi when will the F7 Financial Reporting – UK variant course notes be available for the December 2012 sitting.
I see that there are only the international ones available at present.
Many thanks
Anne
@Manx Sapphire, Hi – it’s unlikely that we’ll be doing UK variant notes – the UK is eventually converging with International and applying international standards so there’s little point in preparing UK notes when you’re getting closer and closer to complete convergence!
Sorry