F7 Financial Reporting Exam Tips for June 2009
F7 Exam Tips by LSBF (Francis Braganza)
Question 1
Consolidated statement of financial position (balance sheet) or CIS (CPLA),
with Associates. Written marks for International could cover
examiner’s very important August 2008 article ie IFRS 3 (revised)
Question 2
Published accounts preparation from TB or re-drafting
Question 3
Statement of cash flow with some interpretation
Questions 4 & 5
Standards such as leasing, contracts, deferred tax, financial instruments,
impairment, EPS, etc. Study as many as you possibly
can as standards can affect Q2 & 3 as well
This exam consists entirely of compulsory questions;
this makes question spotting particularly dangerous.
Your safest bet is to achieve good syllabus coverage in your revision,
as the examiner aims to do in the exam.
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