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Hello, everyone. I wanted your opinion on what are the most important topics of F7, according to you, that I must study very carefully to achieve good results and will be very useful in the coming papers as well? The thing is I am about to sit for F7 exam on March 2016 and I just started studying the course. So I barely have 2 months time. I know all the topics are important and I intend on covering all but still wanted to know what the most important ones are, just in case. Would you all kindly help me with this? Thank you.
Consolidations, preparation of the financial statements for a single company from base records, statements of cash flow and interpretation of financial statements (financial position and financial performance)
Work through the course notes and then get heavily into the mini exercises
Anbd then, if you coma across any problems, post them on the Ask ACCA Tutor page and I’ll get back to you
Hi Mike. I’ve done the mini exercise like 3 times. Is it okay if I just practise all the past papers now instead of BPP revision kit?
Mini exercise – the first question asks for to calculate Cost of Purchase given Sales with preloaded load of 25% so reduce this by 1/5 and the cost comes. Remove the load of 20% from the Opening Stock and then deducted it from the cost of goods sold = purchase.
Assumptions – No closing stock since not give. But solution is different purchase matches only removing load from the Sales.
Can you please givens hints or explain all 3 parts of the first question. Are Part 1 and 2 related to each other. I am lost and confused.
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