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Please share your comments about F7 exam!
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Q1 and Q2 is easy however my SOFP for both do not balanced. Total Assets exceeds Total Equity & Liabilities by 150k and 200k respectively. IMHO, the theories were really time constraints. the remaining 50 marks required alot of critical thinking and reasonable elaboration to get the marks. I’m in rush for last 2 questions and I think for Q4 II) I 4got to quantify the amount as I’m in rush to finish it on time
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what questions came up???
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fair paper, time mgt was the main thing but couldnt ask for a nicer paper really, thank SS
@raheel_xtreme said:
what questions came up???qn1 consol soci and sfp
qn2 soci,soce,sfp
qn3 ratios and interpretations
qn4 IAS8, IAS2
qn5 IFRS5, IAS10- Topics: 0
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time pressured
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uid0191,what’s the result did you got for the Q1.Is it 63500.? i can not remeber clearly now
@biruoshen said:
uid0191,what’s the result did you got for the Q1.Is it 63500.? i can not remeber clearly nowi only balanced my q2 lolz…
should be some careless mistakes in q1 i think,
but yes i remembered my numbers are very close…
near 60000+:DHHmm for me
Qs1 : Profit for the yr: 15000 something
SOFP 64000
Qs 2: SOFP 150 000+first 2 qs were fair but Ratios i dint comment much plus i think interest cover ratio n debt ratio for 2010 could not b calculated as PBIT was negative loss Right?? n last qs could not complete 🙁 i hope for 50 +
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i made a huge mistake … i apportioned the month for the consolidation wrongly
Pre inquisition is said 4 month and post acquisition i said 8 month
how bad have i fuck up mates .. someone tell me 🙁
I write FIFO as accounting policy and Life of asset Accounting estimate
in Q 5 i write about dis continued operation
Question 3 was ok, but lenghty
Question 1 and 2 was good attempt, but not balanced 🙁 there was difference of few numbers
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… I tot 4 months post..pre 8 months?
time management! missed the last question worth ten marks! but overall it was a fair paper. it was a gamble for me tho.
cheers- Topics: 1
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Q4 I agree with dep as it increase profit ..disagree with inventory as decrease profit
Q5 is about adjusting event and non adjusting event
@derrickagyiri said:
i made a huge mistake … i apportioned the month for the consolidation wronglyPre inquisition is said 4 month and post acquisition i said 8 month
how bad have i fuck up mates .. someone tell me 🙁
Doesn’t matter. Thats just 1 mistake. May b 1-2 marks down. The examiner would check ur paper as per ur month apportionment. I just hope u didn’t mingle up these months in different papers of the question differently. If that was a constant treatment it wouldn’t cost u more than 2. So cheer up 🙂
InshaAllah if i pass my F7, the credit goes would go to Open Tution. Just did it in 2 weeks. And only i know how i did it all day all night 🙂
Hope I pass InshaAllah 🙂- Topics: 1
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my lecturer told me if the 1st step in calculating the months apportionment is wrong..then whole questions will be wrong… i duno whether marks will be given or not at all
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