acca

FTC Exam Tips for F7 Financial Reporting June 2008 for ACCA Exams


Tips include:


Q1 Consolidated Statement of Financial Position / Balance Sheet plus Income Statement / Profit & Loss, subsidiary only, possible mid-year acquisition.


Q2 TB to financial statements, including non-current assets / fixed assets (possible sum of digits depreciation), deferred taxation.


Q3 Cashflow and related analysis report.


Q4 & Q5 Impairment
Framework / Statement of Principles
Construction contracts
Not-for-profit entities (3 E’s: Effectiveness, Efficiency,Economy)


NOTE: These exam tips should only be used in conjunction with proper studying. We cannot guarantee that these tips will appear in the actual exam as we have not seen the exam papers.