FRAny Advice? For June F7 exam

Learn all the steps and workings for consolidation of sploci and sofp. Learn how to make adjustments to tb figures and transfer to p/l and sofp Practice questions a lot. I didn't do this so much because I just didn't have enough time and found that the wording in the exam questions threw me. I hope I pass - don't want to do this one again!

F7 is the only paper I failed, and I failed it twice. Hopefully I passed it today, as I feel confident I did. My advice is not leave everything for the last moment and slowly cover the syllabus till June. The difference which I think I applied this time around was to actually understand the double entries hiding behind the mechanised workings we all learn by heart, for example the Goodwill working in consolidations... it came quite handy today, as in the 30 marks Q, I didn't scramble with the notes like the previous exams, but actually slowly went over the notes, figured out most of the adjustments needed to be carried out in the financial presentations. I think F7 has been the most mentally challenging exam for me, so I think the mental element is another area to consider. Try to be composed and do proper time management, don't waste valuable time for a few marks, instead move on to subject you know and try to score from there. I failed F7 in the winter with 49, so I should know...

ouch 49 i failed audit in dec with 49 was not very happy, id rather get 30 something than 49 its soul destroying. Thanks for all the tips i have printed the notes off and will start going through all the notes and lectures over time

@pauljaco said: Hi ALL Just back from F8 exam (hopefully rid of that) Just trying to get my head around things with F7. Does anyone have any useful tips for trying to tackle F7, apart from usual do questions and revise (ha) Im a fulltime worker and a full time dad at home with both Football and Handball commitments at the weekend. So i would love tips from those in a similar situation. Finding time can be tough but it has to be done. However any help will be much obliged Thanks in advance

I've just sat F8 too and have just decided to start F7 this weekend to sit in June. Thanks for asking this question and thanks for all the tips from the people who have sat this paper.

Good luck. Ratios came up in this sitting and in previous one so learn them. I felt confident in that question. You should understand what the ratio trends mean for the business. Are you using any material other than opentuition?

If your job is relevant, it will be easy for you to understand F7. In the exam , consolidation and ratio analysis are very important, so learn these two parts first.

@reeny said: Good luck. Ratios came up in this sitting and in previous one so learn them. I felt confident in that question. You should understand what the ratio trends mean for the business. Are you using any material other than opentuition?

I tend to use opentuition for the lectures on demand, however my company have agreed to put me through this exam using kaplan. I Also tend to use bpp revision kit thougg

Open tuition chapters 6 7 8 and 9 videos for f7 takes you through all steps for the considilated financial statements. March we had to show the consolidated p or l so june should have consolidated financial statement for 30 marks. Just listen to videos and go over the examples and you should get a good amount of the 30 marks.

Hi. I'm starting to prepare for F7 and F9. Any tips for me? And also what approach should i take? Thanks. =)

I really did not reailse how much there is to learn for this, i have to get my head down for this Thanks for all the advice so far

Listen to the F7 lectures as you work through the course notes – particularly for consolidations and cash flows …. but don’t ignore all the other chapters Practice the chapter questions at the end of each chapter Practice the mini-exercises towards the end of the free course notes Get yourself an exam kit / revision kit from a reputable publisher and get practicing the mcqs and the consolidations, the mcqs, the cash flows, the mcqs and the accounts preparation questions from that revision kit. And the mcqs. Do that for two months and you’ve got a chance of success in June And, when you come across something that you don’t understand, post your question on the Ask ACCA Tutor forum for F7 and I shall get back to you

Just passed F7 in my third attempt. Another thing I forgot to mention the last time, learn ratios calculation and analysis. It was included in all past 3 sittings of F7 and it is relatively repetitive exercise. I think it was worth 15 marks in the March sitting.

Time management is the key but know your theory. That is important. Also do as many of the mcq calculation questions, I found that I can calculate these quickly & correctly it stood me in good stead for the main questions in the exam itself. I passed the March sitting first time. Hope that helps

Writing down a plan always work. Since i have started doing this i am passing exams even on first attempt..when i previously struggled.. I take 6 to 7 weeks to study in order to pass.. I write down the amount of days available and divide by chapters to read and questions to do..so i have a quota of questions and chapters per day..and i try to stick to it...if i have an event to go to, i study a little extra to make up for it..and i put a tick on completion of questions or chapters. Use O.t notes and lectures and do entire study kit BPP or Kaplan and try to do it a second time for revision...if u dont have time to actually do the questions second time around read it through atleast... ACCA have no shortcuts..you have 2 do the work..Tutor Mike Little is great in Lectures The night b4 exam get a good night sleep 6-8 hrs.. The morning of exam keep calm..and dont get flustered try not to revise new things cuz it will make u doubtful goin into the exam room and cause panic... Spend less time reading and more time on past exam questions.. I passed with 56% on my first attempt..i have been using the same approach and passed f5,f6 and f8 last year..it really works to plan your study and stay positive. And PRAYER! PRAYER! PRAYER! Whatever your religion trust in God? GOODLUCK