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Hi Mike,
How are you? I am bit worried about my preparation. As before was pretty sure that 1 question will come from comprehansive income, 1 question will come form construction contract, 1 from cash flow etc. But now as you know the question structure has been change, in this case how can i prepare myself base on question? and how can i prepare for multiple question as well? Many thanks.Kind Regards
ArmanThe syllabus hasn’t changed (much)! The only thing to have changed is the format.
From your post, it sounds like you gambled on those specific topics – not a good idea, I’m sorry to say.
In fact, I’ll go further ….. it’s a terrible idea. Never try to question spot. As lecturers, we do, but only because of heavy demand from students and when we go through the motions of question spotting ( sorry, giving tips), we ALWAYS sat that these tips are just our guesses and are not in any way to be relied upon.
How to prepare for the new format F7? Prepare as though the format hasn’t changed in terms of learning the various sub-topices (and don’t try to question spot!)
Then get as much practice as you can doing multiple choice questions – as many as you can lay your hands on. NB DON’T WRITE / MARK THE ANSWERS IN THE BOOK! If you do, that will effectively spoil your chances of doing those questions again ……. and again …… and again
Hope that helps
Many thanks for yor replay. yeah my posted sould is like i am trying to perpare on some specific topic based. but this is not the case. but difficult point is that i giving f7 exam on my own. not getting any tuition from anywhere apart from opentution. I am glad and pleasured to opentuition and espicially on you, as your teaching method is just awesome. I am following kaplan text book and revision kits though its version of last year. Do you have any idea on the latest kaplan rivision kits , did they put any mcq to practice ? while i read the whole taxt book, i made so many bullet point for mcq and for written bit as well. will that help me? on my revision , i have combined the kaplan taxt, all open tuition resource, and all past questions. will it b fair enough ? one question form past question is that, Are the all past questions qually applicable with the new format?
Thanks again
Get hold of mcqs from whatever source you can! The more you practice – even the same question over and over again – the easier these mcqs become.
Past exam questions are still relevant. In the new format there is a 30 mark question. Your examiner has never before had to set a 30 mark question! It could very easily be in the style of a former question 1, 2 or 3 so, yes, past exam questions are still worth looking at.
In addition, the adjustments that we used to be faced with in question 2 in the old style actually lend themselves easily into being converted into mcqs
Does that help?
sorry to ask u again. on the syllabus , its says deletion of disclosures. what does it mean?
Where in the syllabus? Is it this to which you refer?
“Deletions to F7: Indicate the circumstances and required disclosures where a ‘true and fair’ override may apply”
It simply means that there is now no need to know the disclosures that are required to be made where an entity breaks away from IAS / IFRS in order to achieve a true and fair presentation
OK
If that’s not the matter to which you refer, post again
yeah i am talking about deletion disclosure from f7. is that mean, we dont need to learn any disclosure written part of IASs for exam?
No, it means that you “don’t need to know the disclosures that are required to be made where an entity breaks away from IAS / IFRS in order to achieve a true and fair presentation”
I never said that you don’t need to know any disclosures!
On course note, chapter 16-ias-17-leases-example-2, how did you get the TNCA is $13714? is it not the fv of lease?
On course notes practice question 1 why we depreciate plant and equipment (25%*810,000). from where we got sir the 25%.
i know sir that it is from note 1 but still i did not got it that from where came 25%. can you explain me please.
Dear mike,
I have post a question on the lecture of ias-7-revised-statement-of-cash-flows-example-6/,
could you please give me a replay in there. thanks
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