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F7 Question 1 Pilot 7-Dec 8-Jun 8-Dec 9-Jun 9-Dec 10-Jun

Statement of Financial Position

Statement of Income

Associate

Mid-year acquisition

Share for share exchange

Cash consideration

Deferred consideration

NCI - proportionate

NCI goodwill given

NCI value of investment given

NCI value of investment is share price

Fair value adjusment - up

Fair value adjustment - down

"New" asset / liability

Intra-group sales

Pups H to S

Pups S to H

Pup on TNCA transfer

Impairment of goodwill

Impairment of investment in Associate

Intra-group debts to reconcile

Intra-group debts - no reconciliation

Loan note cancellation

AHFS revaluation

Dividends

5 marks chat

Pumice Plateau Patronic Pedantic Pacemaker Pandar Picant

yes yes yes yes part yes

yes yes yes

yes yes yes yes yes yes

yes yes yes yes yes yes

yes yes yes yes yes yes

yes yes yes yes yes

yes yes

yes

yes

yes yes

yes yes yes yes yes yes

yes yes

yes yes

yes yes yes

yes yes yes yes yes

yes yes

yes

yes yes yes yes

yes yes

cash goods

yes

yes yes

yes

yes yes yes

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F7 Question 1 10-Dec 11-Jun 11-Dec 12-Jun 12-Dec 13-Jun

Statement of Financial Position

Statement of Income

Associate

Mid-year acquisition

Share for share exchange

Cash consideration

Deferred consideration

NCI - proportionate

NCI goodwill given

NCI value of investment given

NCI value of investment is share price

Fair value adjusment - up

Fair value adjustment - down

"New" asset / liability

Intra-group sales

Pups H to S

Pups S to H

Pup on TNCA transfer

Impairment of goodwill

Impairment of investment in Associate

Intra-group debts to reconcile

Intra-group debts - no reconciliation

Loan note cancellation

AHFS revaluation

Dividends

5 marks chat

Premier Prodigal Paladin Pyramid Viagem Paradigm

yes eq section yes yes yes

yes yes yes

yes yes yes

yes yes yes assoc yes yes

yes yes yes yes yes

yes yes

yes yes yes yes

yes yes yes yes yes yes

yes yes yes

yes yes

yes yes yes

yes yes yes yes

yes yes yes yes

yes

yes

yes

yes

cash+goods cash

yes yes

yes

yes

4 marks 4 marks 5 marks

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F7 Question 2 Pilot 7-Dec 8-Jun 8-Dec 9-Jun 9-Dec 10-Jun 10-Dec

Statement of Financial Position

Statement of Income

Statement of Changes in Equity

Earnings per share

Trial balance

List of balances

Draft accounts

Revenue recognition

Inventory adjustment

TNCA revaluation

TNCA investment property revaluation

TNCA disposal

TNCA reclassified as AHFS

TNCA acquisition not recorded / own build

TNCA depreciation straight line

TNCA depreciation reducing balance

TNCA finance lease

TNCA impairment

INCA impairment

Financial asset through P&L revaluation

Loan note interest calculation / adjustment

Tax provision

Deferred tax provision movement

Suspense account

Prior year adjustment

Dividend

Development expenditure

Provisions and contingencies

Construction contracts

Factored debt

Kala Llama Dexon Candel Pricewell Sandown Dune Cavern

yes yes yes yes yes yes yes yes

yes yes yes yes yes yes yes yes

yes yes yes yes

yes

yes

yes yes yes yes yes yes

yes

yes yes yes yes yes

yes yes yes

yes yes yes yes yes

yes

yes yes yes

yes

yes yes yes yes yes yes yes yes

yes yes yes yes yes yes yes yes

yes yes

yes

yes

yes yes yes yes yes

yes yes yes yes yes yes yes

yes yes yes yes yes yes yes yes

yes yes yes yes yes yes yes yes

yes

yes

yes yes yes

yes

yes yes

yes yes

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F7 Question 2 11-Jun 11-Dec 12-Jun 12-Dec 13-Jun

Statement of Financial Position

Statement of Income

Statement of Changes in Equity

Earnings per share

Trial balance

List of balances

Draft accounts

Revenue recognition

Inventory adjustment

TNCA revaluation

TNCA investment property revaluation

TNCA disposal

TNCA reclassified as AHFS

TNCA acquisition not recorded / own build

TNCA depreciation straight line

TNCA depreciation reducing balance

TNCA finance lease

TNCA impairment

INCA impairment

Financial asset through P&L revaluation

Loan note interest calculation / adjustment

Tax provision

Deferred tax provision movement

Suspense account

Prior year adjustment

Dividend

Development expenditure

Provisions and contingencies

Construction contracts

Factored debt

Highwood Keystone Fresco Quincy Atlas

yes yes yes yes yes

yes yes yes yes yes

yes yes yes yes

yes yes

yes yes yes

yes yes yes

yes yes yes

yes yes yes yes yes

yes

yes

yes yes yes yes

yes yes yes yes yes

yes

yes

yes

yes NO! yes NO!

yes yes yes yes yes

yes yes yes yes yes

yes

yes

yes yes yes

yes

yes

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F7 Question 3

Ratio calculations

Analysis of financial performance

Analysis of financial position

Cash flow statement preparation

Comment on cash flow management

Calculate adjusted profit margin and others

5 mark chat

F7 Question 4

Framework

relevant

reliable

comparable

faithful representation

matching

substance over form

prudence

materiality

define liability

define non-current asset

accounting policies / estimates / errors

subsequent events

leasing

borrowing costs

revaluations of ppe

computations / calculations / treatment

inventory

provisions

predictive role of IFRS

diluted eps calculation

impairment

understandable

construction contract calculation

IFRS 5

Pilot 7-Dec 8-Jun 8-Dec 9-Jun 9-Dec 10-Jun 10-DecReactive Harbin Pinto Victular Coaltown Crosswire Deltoid Hardy

10 8 12 explain 10

yes yes yes yes

yes yes yes yes yes

yes yes part yes

yes

yes yes

yes yes

Pilot 7-Dec 8-Jun 8-Dec 9-Jun 9-Dec 10-Jun 10-Dec

yes yes yes yes yes yes

yes

yes yes

yes yes

yes

yes

yes yes

yes

yes

yes

yes

yes

yes

yes yes

yes

yes

yes yes yes yes yes yes

yes

yes

For latest course notes, free audio & video lectures, support and forums please visit

F7 Question 3

Ratio calculations

Analysis of financial performance

Analysis of financial position

Cash flow statement preparation

Comment on cash flow management

Calculate adjusted profit margin and others

5 mark chat

F7 Question 4

Framework

relevant

reliable

comparable

faithful representation

matching

substance over form

prudence

materiality

define liability

define non-current asset

accounting policies / estimates / errors

subsequent events

leasing

borrowing costs

revaluations of ppe

computations / calculations / treatment

inventory

provisions

predictive role of IFRS

diluted eps calculation

impairment

understandable

construction contract calculation

IFRS 5

11-Jun 11-Dec 12-Jun 12-Dec 13-JunBengal Mocha Tangier Quartile Monty

5 4 9 4

yes yes yes yes

yes yes yes yes

yes 4 marks

11-Jun 11-Dec 12-Jun 12-Dec 13-Jun

yes

yes

2 marks

yes yes

yes

yes

yes

yes

yes

yes

yes

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F7 Question 5

construction contracts

development expenditure

loan note

ppe costs, depreciation and improvements

complex aircraft depreciation

earnings per share

borrowing costs

provisions, closure of plant, disc ops

rules / principles standards, ads of IFRS

government grants

investment property

Pilot 7-Dec 8-Jun 8-Dec 9-Jun 9-Dec 10-Jun 10-Dec

yes

yes

yes

yes

yes

yes

yes

yes

For latest course notes, free audio & video lectures, support and forums please visit

F7 Question 5

construction contracts

development expenditure

loan note

ppe costs, depreciation and improvements

complex aircraft depreciation

earnings per share

borrowing costs

provisions, closure of plant, disc ops

rules / principles standards, ads of IFRS

government grants

investment property

11-Jun 11-Dec 12-Jun 12-Dec 13-Jun

yes

yes

yes

yes

yes

yes