• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Consolidation with double entry

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Consolidation with double entry

  • This topic has 8 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 9 posts - 1 through 9 (of 9 total)
  • Author
    Posts
  • December 3, 2014 at 3:08 pm #216860
    riskyguy
    Member
    • Topics: 6
    • Replies: 97
    • ☆☆

    I learn’t and did consolidation question’s workings with double entry, I have heard nothing about it from examiner or acca, but someone told me that examiner stated you should not do consolidation with double entry but only with your workings in statement form.

    December 3, 2014 at 3:08 pm #216861
    riskyguy
    Member
    • Topics: 6
    • Replies: 97
    • ☆☆

    is that right?

    December 3, 2014 at 3:22 pm #216869
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    I’ve never heard that. In “the good old days” we all used to teach consolidations with T accounts. Then there was a move to schedule format. And now you’re telling me that you are leading the rally back towards T accounts!

    I can’t keep up 🙁

    Seriously, I have heard nothing about the examiner’s attitude to the use of T accounts but, if you get the right answer, it should be ok and I’m sure the markers are smart enough to work out what’s happening

    December 3, 2014 at 3:47 pm #216895
    riskyguy
    Member
    • Topics: 6
    • Replies: 97
    • ☆☆

    Thank you for your answer mike.

    My teacher taught me in this way Only once or twice did I get the exact goodwill, and never CR and NCI without matching with the answers and pin pointing my mistakes. Also in the exam it took a lot of time to make the entries and then make a T account, I guess statement form may be easier, will try that in P2 then. Hopeful about passing F7.

    December 3, 2014 at 4:07 pm #216911
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    Hope you have passed – we’re not allowed to talk about it until after 17.00 UK time so better not to say any more about it for another hour or so. Then we’ll be able to gauge the reaction from around the World as to whether it was generally found to be tough or easy – or even somewhere in between the two.

    You sound like your teacher did this teaching some time ago – in which country was this way still being taught?

    December 3, 2014 at 5:14 pm #216962
    riskyguy
    Member
    • Topics: 6
    • Replies: 97
    • ☆☆

    Pakistan. Got two teachers for F7, one is teaching with double entry (he is kinda old school) and the other with statement form. with double entry its also difficult to tally with past paper answers, so even practicing was difficult. But I hope the markers can award marks for the workings, as the consolidation didn’t balance as expected.

    December 3, 2014 at 5:42 pm #217000
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    “Consolidations are not meant to balance” is a famous quote from one of my former students to her friend as the friend reported how she felt she had done in her F7 exam.

    Both are now qualified a number of years ago

    December 3, 2014 at 6:13 pm #217026
    riskyguy
    Member
    • Topics: 6
    • Replies: 97
    • ☆☆

    “Consolidations are not meant to balance”
    I agree 🙂

    “Both are now qualified a number of years ago”
    Its good to know that my consolidations need not to balance for me to qualify

    December 3, 2014 at 6:35 pm #217036
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    I don’t believe I ever got any question completely correct except once – an 8 mark question on the English banking system.

    Until you start teaching it, you never really appreciate just how mechanical it can be!

  • Author
    Posts
Viewing 9 posts - 1 through 9 (of 9 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • manahylilyas on The financial management environment – ACCA Financial Management (FM)
  • poojam on Objective of financial reporting – ACCA Financial Reporting (FR)
  • mm3677 on IAS 16 Accounting for a revaluation – CIMA F1 Financial Reporting
  • Anastesia123 on MA Chapter 1 Questions Accounting for Management
  • John Moffat on MA Chapter 26 Questions Variance Analysis

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in