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can someone tell me some shortcut to study as there is only 42 days left and I just have started staudy. Under Group Financial statement what should be highlighted area to cover for June exam? Please Please help…
hellooo 😀
I suggest you begin with consolidation. Understand how to treat intra-group transactions i.e. cancelling of transactions within the group and unrealized profits, calculation of net assets value, goodwill, non-controlling interest, retained earnings…
Once you are done with group accounts,go in for the standards. IAS16 is always tested, understand how to calculate n treat revaluation. Tax is quite tricky. Some standards can form a separate question such as construction contracts. So make sure u cover all standards for the F7 syllabus. Here is a list of the standards that are examinable Examinable document make sure you are looking under F7 and not P2 😀 and under the variant (INT or UK) you are attempting.
Once you have done the standards, do cash flow and ratios.
Please do study the framework. Many students leave it, please don’t. Remember that when the problems are difficult its theory that comes to the rescue 😉
Practise well! u need to be aware of the style the examiner asks questions
Goodluck 🙂
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