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Sir Mike
If I am reading f7 from the notes which are provided by opentuition.com would be enough in order to pass f7 with good marks or do I also have to read every chapter of f7 from bpp’s book.Q2) After reading thoroughly and learning all the formulae related to calculation and interpretation of accounting ratios and trends from bpp’s text book. I tried questions from both kits, Kaplan and bpp but I don’t know why my answers were wrong and after every single question I had to look back to the answers in order to see where I am wrong.
I am worried and feeling demotivated
Please tell me what should I do“or do I also have to read every chapter of f7 from bpp’s book’ – no, put the BPP book down and use it as a door-stop or as a step to reach a high shelf
“I am worried and feeling demotivated. Please tell me what should I do”
Have you tried to understand what these ratios are trying to tell you? Do you understand why these ratios are calculated? And the story that you can write about the entity’s situation once you have these calculated ratios to hand?
They are not simply calculations for the sake of calculations – any chimpanzee can push buttons on a calculator. What is needed from you is an interpretation of how and (importantly) why a calculated ratio / figure is different when compared with a comparable ratio / figure
“Please tell me what should I do” – READ the published answers to past examination interpretation questions. Appreciate how they are tackled and how they are interpreted
Note the style, the headings and the brevity of the sentences that are used to make the markable point
Sir in your video related to IAS 40 Investment
There is no calculation mentioned but in bpp’s kit I found more than 2 questions related to transfer of investment property a calculation based question
What to do as I have started to read your notes onlySurely the calculations are only to find the value of the investment property as at the date of re-classification
And that should be a very simple matter of depreciating since the last financial period end and then revaluing to the fair value as at date of re-classification
That cannot possibly warrant a video lecture!
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