3rd attempt on F7

Practice old questions until you know them by heart. F7 is kind of “fair” paper, because although the syllabus is huge, the 3 first questions are always almost the same. I concentrated to those 3 first questions and then skimmed through other questions in practice kit + read some difficult points from study text. I got 74 points on first attempt. Of course you should not exclude q 4 and 5 from your studies, but honestly, to pass, you need to get the first 3 question’s proformas quick and automatic.

How many times have I written this message on the forum pages? Countless!

Practice, practice and then some more practice. Practice until the “next step” is automatic – no thought necessary.

And when you think you have practiced enough, then practice some more.

I wouldn’t even bother thinking about looking again at a study text. A revision kit and dedication is what you need now.

Oh, and did I say “practice” – you need to do that as well

There isn’t that much involved. Be aware of the Framework and check out the past exam questions and answers (referenced in the notes) on the Framework.

The heavy emphasis of the notes / lectures is on the core topics of consolidations, cash flows and some of the more frequently asked IFRSs. Those IFRSs are what is needed for a good attempt at question 2 in the exam, preparation of financial statements

It is a rare exam where the examiner asks about the IASB or the passage of an exposure draft into a standard.

Get on top of the BIG topics and then start thinking about the lesser important ones