F7 Financial Reporting According to BPP following are the topics that are expected to appear in F7 Financial Reporting for June 2008 attempt. WARNING: The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam. The areas that we would expect to see most regularly in the exam in the compulsory section of the paper are:
l Group accounting – Preparation of a consolidated statement of financial position (balance sheet) and/or statement of comprehensive income (profit and loss account), often with an associate (Study Text Q13 Panther Group, Q14 Hever) .The question will often contain a related written part, such as the importance of fair values, reasons for eliminating unrealized profit, effect of group relationships on the financial statements, etc (Study Text Q11(a) War)
Other areas that we will expect to see, particularly in the optional part of the paper are: l Financial statement preparation (Study Text Q5 Winger) l Discontinued operations (Study Text Chapter 7) l Performance appraisal (Study Text Q25 Biggerbuys, Q26 Webster) l Statements of cash flows (cash flow statements) (Study Text Q27 Dundee) l Conceptual framework (Study Text Q1 Conceptual framework, Q18 Alpha) l Earnings per share (Study Text Q24 Pilum) l Accounting policies (Study Text Q7 Gains) l Non-current (fixed) assets and impairments (Study Text Q8 Multiplex) l Provisions (Study Text Q17 Provisions) l Revenue and substance over form (Study Text Q19 Jenson) l Construction (long-term) contracts (Study Text Q16 C Co) l Leases (Study Text Q22 Lis) l Aims and objectives of not-for-profit organizations (Study Text Q3 Standard Setters) | 
发表于 2008-5-23 12:08
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