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Sir, can you guide as to what topics from other acca papers are essential before starting to study for p7?
I have revised all of f8.. course notes and lectures. What else would be helpful?
P2 is more than useful – it’s ESSENTIAL
Other than that …. P1 would also help (ethics and corporate governance)
That will do for starters!
Thanks for responding sir.
I see. So all of P2? Not all those detailed consolidation adjustments i hope? Which topics would be most important to revise?
My personal case is that i havn’t studied p2 in a very long time. I passed it a few years ago…
P1 ethics i should be okay with since they were somewhat covered in p5 too which i recently studied..
The P7 paper will often set a question where there is doubt about the appropriateness of the directors’ chosen accounting treatment.
You are required often to comment on that draft treatment and correct it where applicable (it often is applicable, but not always)
For this you need a sound knowledge of IAS / IFRS
All those pesky consolidation adjustments – you would be very unlucky to be faced with those. It’s more a matter of getting back up to speed with IAS / IFRS
Hope that helps
Oh i see. Thank you very much! Yes that does indeed help sir.
So, i could possibly download the f7 and p2 notes from here and start working on those along with your lectures on those subjects? I did not use opentuition when i passed these earlier.
Yes, they should be useful to you. They tend not to get at all deep into disclosure matters for any of the IAS / IFRS but at least they will remind you of the issues involved
And, of course, you can always post any questions you may have on this Ask ACCA Tutor page and I shall get back to you
Thank you very much, sir!