ACCA F7 lectures Download F7 notes
Preparation of the Consolidated Statement of Financial Position
• Consolidation is the process of adjusting and combining financial information from the individual financial statements of a parent undertaking and its subsidiary undertakings to prepare consolidated financial statements that present financial information for the group as a single economic entity.
• the Consolidated Statement of Financial Position reflects the assets and liabilities within the control of the parent entity, and how they are owned.
• defined by IAS 27 Consolidated Financial Statements and Accounting for Investments in Subsidiaries, consolidated financial statements are “the financial statements of a group presented as those of a single entity”.
Dear professor
Hello sir
It might be silly that i ask u again.
Is it really allowed to write down just SOFP rather than The consolidated state of Financial position and just write “Sh” instead of Share Capital in the real test?
Because one of my previous professors said if u just write the consolidated statement of Financial position, u could still get one mark as u told us about your elder professor haha.
Just to be sure, i ask u again
At any rate, your intonation and the way of teaching is the best since I’ve learnt accounting
Thank u
Regard
Han
Sorry sir one more
Can just write $30 rather than .$3000 ?
Did i go so far? ^^
Han, Sh instead of Share Capital? I personally would write Sh Cap! But Sh should be enough
As for “Can just write $30 rather than .$3000 ?” again I would be inclined to write $3 rather than .$3000
Abbreviate all you want – there are NO marks for presentation – just make sure that your abbreviations are at least half-way to understandability!
OK?
Thank you sir!
I bear in mind what u advise and would write things understandable to examiners.
Always a good idea!
Sir, in lecture 1 of chapter 7, the example 2 which you do isn’t available in notes of of F7 that go along with same lecture.
What’s the matter with example 2 on page 32?
Yes Sir. You are right. There was some error in my software so I was having confusion. By the way, are these lectures applicable for June 2017 exam ??
Yes, they are
What happens in situations where a candidate writes their paper in another colour other than in black ballpoint? is the paper marked?
This lecture makes so much sense to me….thanks a lot.
That’s good – let’s hope the rest is up to the same standard!
video lecture is not downloading… how to download i am using chrome
Lectures are on line only, sorry.
that’s the only way we can keep the lectures free!
Dear Admin,
I cannot play the video, it is stating that the video cannot be played with my current set-up. What do I need to do to make it work?
Try google chrome,
I have NO idea what is your set up..
Nor do I! Normal I thought! I’m on mozilla firefox, I’ll download and try google chrome, thanks
@OpenTution Just a recommendation.
you should allow users to view the videos at a faster or slower playback speed as per their speed of understanding.
Thanks! 🙂
I think so. (y)
Dear admin, it says the video was not found in this server. Is it only me or the video is not available?
Thank you
I think it is just you
try another browser please. lecture works fine,.
please how do I download lecture videos
See reply below
Hello everyone please how do i download these videos,
i want to view them whiles am at home on my laptop
Lectures are on line only, sorry.
that’s the only way we can keep the lectures free!
Please sir, why is Retain Earning at acquisition usually refer to as pre acquisition, when calculating consolidated retain earning?
Because the reserves as at date of acquisition were all achieved before (or “pre”) acquisition
Is that ok?
i have problem in watching the lectures It keeps stopping and takes a looong time to continue. what can i do
There might be a problem with ur internet connection .Otherwise the lectures work well enough .Thankyou
what’s the problem with this video?! half the time i had no idea what he was saying, doing, or scribbling on the screen… HELP!!
Are your problems now sorted out?
HI,
THE LECTURE HAS A PROBLEM OF SOUND. HOW TO FIX IT?
Lecture works fine! Check sound on your device.. you may have “muted” it
I cannot watch the video lecture here in China..Probably because they are blocked by the Great Fire Wall. So sad
Are those videos from YouTube? If they are, all the blockage makes sense.
Really miss those days when I spend months with OT..
try now.. only some lectures are on youtube.. also try Tor Browser.
Please let us download the video lectures at least once in a month. Set a date on which we can download some of the lectures which requires multiple watch.
agreed !
Lectures are on line only, sorry.
That’s the only way we can keep the lectures free!
I have problem printing the course notes. Do you have any solution.
Thanks
How can I download it
You can’t – only the notes can be downloaded – it’s the only way we can keep the site free!
I cannot find this particular example under notes. Can u help me?!
You’re welcome again and again!
🙂
Hi,Hv a nice Day!Teacher Mike.Can you help me explain?Two methods hv calculation goodwill in Consolidated Statement of Financial Position.I wanna clearly to know differences of two method(Net assets method & Fair value method).I don’t clear working 2.Hesitated that step.
Hoping …Your kindly reply Teacher Mike!
There really isn’t any difference except in the value attributable to the nci
If they’re valued on a proportional basis, they are valued as their percentage share of the fair valued net assets.
If they’re valued on a full fair value basis then the course notes – free on this sit – clearly illustrate the three differe nt ways in which the examiner can give you information to arrive at the nci value
Ok
Thanks again and again !Teacher Mike