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Hi
Are we alowed to use abbreviations in our F7 exam answers.. e.g. SFP, Y/E, G.P., CoS….etc???Yes , we are allowed to use those. You can even write CSFP on top of your statement instead of full name.
but try to write those as clear as u can .and bear in mind that it all depends on marker. Whether he will be able to recognize your abbreviations or not.
I will be using abbreviations. The paper is quite time pressured. The examiners will know what I/S SFP etc… stand for
The opentuition tutor for f7 says … how many marks will you get for writing retained earnings instead of ret ears or ret earns. He says if i were you i would abbreviate like mad.. while calculating goodwill in w2 he uses naodoa i.e. net assets on date of acquisition. Every second counts in this paper.
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