© 2009 This material is the copyright of the ACCA LIVE. Individuals may reproduce this material if it is for their own private use. It is illegal for any individuals to reproduce this for commercial use or for companies to reproduce this material partially and/or in full by any means, be it printed, photocopied, on electronic devices or any other means of reproduction. THIS IS FOR INFORMATION PURPOSES ONLY. Due to any reason whatsoever, ACCA LIVE will not be held responsible for any reason or loss by using this information by any one.

Page | I

By: Hasaan Fazal for ACCA LIVE

Exam Tips for December 2009 www.acca-live.com ACCA – F7 | Financial Reporting

Possible Questions and their structure Q1 (a) Consolidated INCOME STATEMENT under the situation of both subsidiary and Associate with possible

adjustments regarding intra-group transactions and unrealized profit and impairment, events and financial

liabilities.

Q1 (b) possible working for Assets or investments

Q2. Preparing financial statements; Tough question is expected. With EPS

Q3. Separate large scale question for Deferred tax or Leases

Q4. Theoretical question on rectifying previous year’s errors or Financial reporting framework or Changes in

accounting policies

Q5. Cash flow statement with commentary on financial performance

NOTE: Students are advised to consult ACCA LIVE: F7 – Mock Exam for December 2009

© 2009 This material is the copyright of the ACCA LIVE. Individuals may reproduce this material if it is for their own private use. It is illegal for any individuals to reproduce this for commercial use or for companies to reproduce this material partially and/or in full by any means, be it printed, photocopied, on electronic devices or any other means of reproduction. THIS IS FOR INFORMATION PURPOSES ONLY. Due to any reason whatsoever, ACCA LIVE will not be held responsible for any reason or loss by using this information by any one.

Page | II

By: Hasaan Fazal for ACCA LIVE

Exam Tips for December 2009 www.acca-live.com ACCA – F7 | Financial Reporting

Questions that you MUST do before going to exam hall

Q5(b) Emerald – December 2007

Q5 Bowtock – December 2003

Q5 Partway – December 2006

Q2 Dexon – June 2008 (Highly expected similar style of question)

Q2 Allgone – June 2003

Q1 Plateau – December 2007

Q1 Patronic – June 2008 (Highly expected similar style of question)

Q4 Rytetrend – June 2003

Q3 Harbin – December 2007

NOTE: The above questions are from past exam papers. Students are advised to consult updated solutions for

these questions.

© 2009 This material is the copyright of the ACCA LIVE. Individuals may reproduce this material if it is for their own private use. It is illegal for any individuals to reproduce this for commercial use or for companies to reproduce this material partially and/or in full by any means, be it printed, photocopied, on electronic devices or any other means of reproduction. THIS IS FOR INFORMATION PURPOSES ONLY. Due to any reason whatsoever, ACCA LIVE will not be held responsible for any reason or loss by using this information by any one.

Page | III

By: Hasaan Fazal for ACCA LIVE

Exam Tips for December 2009 www.acca-live.com ACCA – F7 | Financial Reporting

Questions from different Publishers that you MUST do:

Multiplex - Kaplan

Update (EPS) - Kaplan