F7 Exam Format

I assume that you’re taking the June 2018 exam

In that case, the exam format is as follows:

Section A of the exam comprises 15 objective test questions of 2 marks each

Section B of the exam comprises three 10 mark case-based questions. Each case has five objective test questions of 2 marks each

Section C of the exam comprises two 20 mark questions.

If you are not taking the June exam, post again and I’ll tell you the format for the September exam

In addition you need to tell me whether you’re going for CBE or paper based exam

OK?

Yes, there will – do you want me to tell you or would that represent negative thinking on your part?

Here we go! This is from the ACCA’s own website. There is not a lot of difference between the format of September 2018 when compared with June 2018

“For paper-based exams an extra 15 minutes on top of the three hours is provided to candidates to reflect the manual effort required as compared to the time needed for the computer-based exams. The total exam time is therefore three hours and 15 minutes.

Furthermore, prior to the start of the exam candidates are given an extra 10 minutes to read the exam instructions

Section A of the paper-based exam comprises 15 multiple choice questions of 2 marks each

Section B of the paper-based exam comprises three questions containing five multiple choice questions

Section C of the exam comprises two 20 mark questions

The 20 mark questions will examine the interpretation and preparation of financial statements for either a single entity or a group

The section A questions and the other questions in section B can cover any areas of the syllabus

An individual question may often involve elements that relate to different subject areas of the syllabus. For example the preparation of an entity’s financial statements could include matters relating to several accounting standards

Questions may ask candidates to comment on the appropriateness or acceptability of management’s opinion or chosen accounting treatment. An understanding of accounting principles and concepts and how these are applied to practical examples will be tested

Questions on topic areas that are also included in Paper F3 will be examined at an appropriately greater depth in this paper

Candidates will be expected to have an appreciation of the need for specified accounting standards and why they have been issued. For detailed or complex standards, candidates need to be aware of their principles and key elements”

OK?

(Think positive!)

You’re welcome … but post any questions that you may have and I shall get back to you