F7 exams for september

Disposal of subsidiary chapter 10, effects of foreign exchange chapter 30 and IFRS 15 chapter 24 (it was included in the June notes)

The disposal and the foreign exchange are new to the F7 syllabus and the course notes are up-to-date

OK? Anything else, let me know

Hi Chloe

I can’t remember anything else changing (was Agriculture IAS 41 in the March syllabus?) other than the format of the exam

Format is now 15 mcqs @ 2 marks each = 30 marks
3 scenaria with 5 questions each @ 2 marks = 3 x 5 x 2 = 30 marks
2 traditional type questions (consolidations, cash flows, interpretations, preparation of financial statements for a single entity) @ 20 marks = 2 x 20 = 40 marks

I suggest you get well on top of as many mcqs as you can – both sorts

OK?

Course notes should be ok for you

Probably the best way to prepare for the section B type questions will be to go through the old style questions 2 and sharpen up on how to calculate the workings from those questions

Endless practice of mcqs – you say that you have only 8 hours per week – does that include an hour each day whilst eating a sandwich for lunch?

Or an hour each day on public transport to get to work?

Mcqs do not require you to have a desk and chair to work at – a small note pad and a pencil with your book of mcqs is enough

When you DO have a desk and chair to work at, practice the mini-exercises at the back of the OT course notes and then, when you’ve finished those, move on to trying the old style questions two from the days before the idea of mcqs was introduced into F7

I work through a number of those in the revision lectures on this site and I always give the question name and the exam sitting from which that question was lifted so you should have no difficulty in finding those questions again on the internet

Of course you have enough time – I’ve just found an extra 15 hours a week for you to spend usefully practicing mcqs and, mini-exercises and old style questions 2

In addition, make sure that you are FULLY on top of consolidations and interpretation of financial statements

It’s up to you! Do you feel motivated enough to adjust your lifestyle for 2 months where success in F7 is the reward?

Well, do you?

And, of course, when you hit a barrier, you post on this page and I shall get back to you