Syllabus changes:
There are the following changes to the syllabus:
Additions:
The principles of IAS41 (Agriculture).
Deletions:
No knowledge of disclosure of related parties is required.
Format changes:
The exam will remain 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.)
Dear Mike,
Can you please provide any info on how to attempt the new paper pattern? will workings be required for the mcq’s and if so should I start from the first page of the answer booklet? also any tips on how to manage the time in the exam?
Thank you & best Regards.
Post your question, please, on the Ask the tutor forum!
Hi?Mike, what’s your opinion on these changes, especially in the F7 new section A with 20 mutiple choice questions, do you think this is easier for students to pass this paper or not ?
I think that youll need to post on the ask the tutor page if you want mike to respond
Mr. Mike !
Hi
I have been attempting F7 from last 4 sessions and getting average score of 46. I am a part time student and doing self study. My study pattern is based on past papers and an old BPP syllabus book. Please advise me how can I best prepare my self for the F7 Dec-2014 attempt keeping in view the short time and new exam format.
Thanks & Regards
I think that youll need to post on the ask the tiutor page if you want mike to respons
If I remain with one paper for example f9, is it possible to sit for a paper on professional? Or do I first need to complete all the f papers?
I have seen many people writing Ps before completing the skills paper more especially those remaining with 1 or 2 papers in skills.
with 1 paper left in SKILLS you certainly can combine it with 1 or more of the P papers. You can contact ACCA to confirm this if in doubt
There is no doubt – you can do it. The only proviso is that you must have passed, or at least be entered for, all the F level papers before you can start into the Ps.
You can even enter for, say, F9 being your last F paper, and P1, P2 and P3 in the same sitting …… and then not turn up for F9
Waste of the exam entry fee, but it’s possible
how are u sir is it still possible to use 2012 material on F7 and still pass? considering all these changes, am woried as i am using material for 2010 and 2012 bpp
2012 material is ok. Just make sure that you are ok with IAS 41 Agriculture and with integrated reporting – both have chapters within the free course notes.
The lectures are fine OTHER THAN the first lecture that explains the format of the examination. That has, of course, now changed but there is not a new lecture to explain the change
What if rs is integrated reporting ? Do u mean consolidated accounts ?
Have you read the free course notes?
Post again if you need to AFTER you have read them
Yes I d loaded the notes and still need further clarification much appreciated
Put simply, it’s a process based on overall thinking (integrated thinking) that results in a periodic (monthly, maybe) report by any organization about value creation over time and the related aspects of value creation
The report itself is a concise communication document covering how the company or organisation’s strategy, governance issues, performance and lead to the creation of value over time – short, medium and long
Ok?
Plz give me the advise about MCQ IN F7 ???
M CONFUSED
Here’s an extract from the ACCA F7 syllabus and study guide. I am not certain that this is answering the question that you have posted but I’m not sure what it is exactly that you are asking for!
“APPROACH TO EXAMINING THE SYLLABUS
The syllabus is assessed by a three-hour paper- based examination.
All questions are compulsory. It will contain both computational and discursive elements.
Some questions will adopt a scenario/case study approach.
Section A of the exam comprises 20 multiple choice questions of 2 marks each.
Section B of the exam comprises two 15 mark questions and one 30 mark question.
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.
An individual question may often involve elements that relate to different subject areas of the syllabus. For example the preparation of an entity鈥檚 financial statements could include matters relating to several accounting standards.
Questions may ask candidates to comment on the appropriateness or acceptability of management鈥檚 opinion or chosen accounting treatment. An understanding of accounting principles and concepts and how these are applied to practical examples will be tested.
Questions on topic areas that are also included in Paper F3 will be examined at an appropriately greater depth in this paper.
Candidates will be expected to have an appreciation of the need for specified accounting standards and why they have been issued. For detailed or complex standards, candidates need to be aware of their principles and key elements.”
Does that help at all?
why there is no option for paper variation this time? I mean to opt for international variation of F7. But in my exam entry statement it shows not applicable. plx clear me the issue.
With effect from December 2014 inclusive, there is no longer a UK variant for neither F7 nor F8
At last the UK has realised that they are part of the International community rather than the other way round
Oh really! hehehe
Thank you sir!
You’re welcome 馃檪
Hi Mike. I would like to know if, apart from IAS 41, there have been any major changes to the F7 syllabus since 2010.
From memory, IAS 41 is the only MAJOR change in the syllabus. You can of course check for yourself on this site (home, ACCA, f7, syllabus)
Scroll down to the bottom of that page and there you have it!
Post again if you still have problems
Hi Mike,
Can you please advice on which combination to take..
As i am left with only F7 from F papers..
should i do P1 & P3 this semester and F7 & P2 in june or F7 & P1
I am working full time in a demanding role…8-9 hours a day..
I failed F7 in June
Thanks
.
Hi Catacca
You cannot enter for just P1 and P3 unless you, at the same time, enter and pay for F7 (but then don’t turn up for the F7 exam)
F7 and P2 is not an ideal combination
I suggest you enter for F7 with P1 in December and P2 with P3 next June
Hope that helps
Thanks mike for your suggestion and bringing to my attention important details for the p1 and p3
thanks
You’re welcome
I think the change to multiple choice increases the breath of material that one needs to have covered coz multiple choice requires u to be very clear on your understanding of material. Don’t rush to celebrate the ease of picking off answers from a list knowing the level at which we r studying I encourage greater practice in all syllabus areas. December results will be very interesting to see. Good luck to all!
I think the change to multiple choice increases the breath of material that one needs to have covered coz multiple choice requires u to be very clear on your understanding of material. Don’t rush to celebrate the ease of picking off answers from a list knowing the level at which we r studying I encourage greater practice in all syllabus areas. December results will be very interesting to see. Good luck to all!
In my opinion regarding this new aproach to the ACCA exams, it will have a big advantage in terms of time saving.
That’s a matter where time will tell – some mcqs are pretty tricky and could still leave you short on time allocation. But, we’ll see
As most of the student rely on the past papers for ACCA exams….now the question is whether these old papers will still be helpfull as they were or not because now the structure have changed and these old papers does not contain MCQ’s..if helpfull then how far???if not why???
It’s only the format of the exam that has changed. The syllabus remains the same so past questions are useful to practice the techniques.
That are a whole load of mini exercises introduced into the course notes for this next session. I would recommend that you get on top of the various min-topices covered by those mini-exercises
as F7 and F8 paper will contain few proportion of MCQ’s….i am really worried from where i can get some practice material for these MCQ testing…as this is new change there are no past papers also….
hi sir…
I still need to finish F5, F7 and F9. Which combination is better for Dec exam?
Thank you for your time.
Hmm, a bit difficult to answer that. What about doing F5, F7 and F9?
馃檪
I don’t know how many you personally feel you should be attempting. I don’t know if you’re a full time student or a mother with 4 children under the age of 5.
How much time do you have available and how motivated are you? What social life do you wish to protect and what distractions are in your life making demands that you cannot avoid?
If you’re only doing one exam per session, do F5
If you are tackling two exams per session, do F5 and F7
If you’re going to go for broke, then do all 3!
Thanks for the advice Mike. I can put all my time for study. Just don’t have enough confident to do all 3 paper 馃槢 I passed F8 with only OpenTution Notes & Lectures so thank you very much for that. I m starting F5 now.
Go for broke – do all three
But get started NOW!
Big Okie to do the epic 3 馃榾
Thx
I wrote F7 at June sitting but didnt pass. I have this and F9 to complete level 2, I was hoping to do f9 and p1 December do you thing that is a good combination? I cant do all 3 for now due to my job.
Please reply
Hi Rayanne
Unless you are prepared to enter for F7, F9 and P1 but not turn up for one of the exams (and lose your examination entry money), there’s no chance of doing P1! You have to have passed, or at least be entered for, all the F level papers before you can attempt the P level papers
ok thank you
You’re welcome
I didn’t pass f6 which I sat for in June & intend to resit in dec with another paper. which is the best paper to combine with F6
F7 is ok – it has to be cleared some time.
It also depends on which other papers have to be passed. For example, if you still need F8 then a combination of numerical F6 with a wordy F8 could be acceptable
is f7 going to change to cbe in december 2014?
No! The changes in format, rubric and content are all explained on this site. Open up the F7 page and see for yourself. Only F4 is changing to cbe this time though there are plans fort he other F level papers to convert sometime in the future
In fact, the format from December is actually shown at the top of this thread!
Thanks a lot
Thank you!
Thank a lot