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Opentuition
Question 1, Consolidated satement of Income, subsidiary and associate,
mid-year acquisition, share for share exchange, nci based on share price,
fair value adjustment, intra group sales and pup, 5 mark chat – exclusion
of subsidiary from consolidation
Question 2, Usual question 2, preparation of financial statements,
Financial Position, Income, Comprehensive Income, Changes in Equity from a
trial balance
Question 3, Report on financial performance – possibly a simple cash flow
included
Question 4, Framework, possible element of reliabilty, relevance, faithful
representation
Question 5, Development expenditure or a complex asset depreciationLSBF
Q1 – CIS and/or CSFP.
Q2 – redrafting or published accounts.
Q3 -interpretation and cash flow.
Q4 -standards eg leasing, non-current assets, impairment, EPS, contracts, etc.
Q5 – conceptual framework & standards eg substance, discontinued operations, deferred tax.
* The secret to passing F7 is to know something about all the examinable standards.source for tips from other publishers – PQ Magazine
https://www.pqaccountant.combest of luck with exam!
ansiUpdates…
ATC
• Leases.
• Revenue recognition.
• Substance vs form.
• Convertible instruments (IAS 32/IFRS 9).
• Accounting for taxation.
• Accounting for assets, particularly IAS 16.BPP
• Consolidated income statement or SOFP with one subsidiary plus associate with intragroup adjustments and fair value adjustments.
• Income statement and SOFP prep from TB or restatements with usual adjustments.
• Interpretation or statement of cash flows – focus on specific ratios or part of SOCF.
• Q4 & Q5: pick from regulatory framework, inflation, government grants, discontinued operations, impairments, deferred tax, leases or intangible assets.First Intuition
• Q1 – consolidated SFP, with associate, deferred consideration, pups and fair value adjustment downwards.
• Q2 – single company accounts question, including taxation, lease, and intangible assets.
• Q3 – statement of cash flow and comments thereon with no ratios.
• Q4 – the framework with computation for non current asset.
• Q5 – construction contract.Kaplan Financial
• Q1 – consolidated income statement and consolidated statement of financial position with usual adjustments to include PURP, share exchange, current accounts, impairment.
• Q2 – published accounts to include statement of comprehensive income, statement of financial position and SOCIE from TB.
• Possible adjustments to include depreciation, revaluation, tax, financial asset/liabilities.
• Q3 – mixed statement of cash flow and ratios with interpretation.
• Q4/Q5 – finance leases, qualitative characteristics, impairment.- Topics: 0
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I was searching for mock exam papers, but there isn’t any… if someone find please upload it or post the link. 🙂 wish everyone to pass this exam
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@kevgooner thank’s a lot 🙂
how can construction contract is imp examiner give full question in june 2011 so i dont expect this would come up as well as contigent liablities and asset tested in last session
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