ACCA: F7 Financial Reporting

Global Online Tuition Phase Study Planner - March 2017

Evening Topic Class Qs H/W Qs

(6 - 8pm) (Class Notes are crucial)
I Chapter 1: Consolidated Poole, Premier Paul (P 32),
Tues Statement of Financial (P 34), Jenny, PILL & SILL,
Play, Script, Pyramid,
10. 1. 17 Position Sam
Paint & Saint, JAMES
& GAMEL

II Ch 1 CSFP (cont’d) Polestar (P41) MCQ (P47), Ex 11,

Thurs Chapter 2: Pull & Shut Paradigm (P49), Ex
12, Viagem (P51),
12. 1. 17 Consolidated Statement of (P69)
Price & Soffe, Bill &
Profit or Loss Ben, Aston, V (MCQ
P71), MCQ (P72), 2
Disposal of Subs (see P&S MCQs (P77), Paladin,
Supplementary Pack) Study Disposals in
Supplementary Pack
Impt Q: Pen

Chapter 3: Associates Persil (P76) Oliver, Penn, P S & A

(P84), Patronic

You must now attempt the first 6 MCQs from page 16 & qs130 to 132 from page
43 of the Revision Kit. Also Rev Kit p99 onwards: Q26 Hepburn, Q27 Highveldt,
Q28 Hydan, Q30 Hosterling & Q31 Pumice. At this point the milestone you must
reach is mastery over Consolidations, including Associates.

III Chapter 4: Published Accounts Interceptor Broadoak, MCQ

Tues Chapter 5: Non-current Assets - (P109), Ex 3 & 4,
HORSE (Ex 5 & 6),
17. 1. 17 Tangible Telenorth
MCQ (P117), Polar,
Bear, Warrior,
Wellmay, Ping
Day Topic Class Qs H/W Qs
IV Chapter 6: Intangible Do all Qs especially:
Thursday Chapter 7: Impairment Steamdays, Can (P133), Price
(P143)
19. 1. 17 (emphasised in new Syllabus) T
Chapter 8: Leasing In Arrears, Ex 6 (P160)
In Advance Rev Kit (P17) MCQs 7
- 16
Mon 23.1.17 Mentoring session I
5:15 - 5:45pm
and Chapter 9: Inventory & Highwood Daisy,
V Revenue from Contracts with New 5 step Brixanmortar
KB Construction
Tues Customers & Biological Assets approach:
Do all questions &
24. 1. 17 Gayle MCQs especially
Chapter 10: Reporting Financial Malet FOREST (essential),
Performance but ignore LT
Contract aspect
Translation of Foreign Currency Supplementary
Transactions Pack Qs

VI Chapter 11: Tax Chamber Acer, Atlas (P197),

Thurs Chapter 12: Published Llama, Altered BECKY, Bow, Ex 8 & 9
(V. impt)
26. 1. 17 Accounts – Advanced (start)**
York, New, Winger (P
Chapter 13: Provisions and Eden 94)
Contingencies & Events After Altered (finish)**,
Reporting Period Ex 3, 4, 5, 6, 7, MCQ
(P222)

VII Chapter 14: Flow (P238) Edinglow, Telenorth,

Tues Substance over Form Ben-Hur, Quincy, Keystone
Ex 4, 5, Stig
31. 1. 17 Chapter 16: Financial Moby, Hybrid
Charlton, Heston,
Instruments (P261) Quincy
Chapter 15: Conceptual and Careful Homestudy
Regulatory Framework V.Impt for MCQs
For HW ensure you have carefully studied all the Accounting Standards covered to
date – remember that currently more than 50% of the exam is on Published
Accounts and Standards. Often these will be scenarios provided in the question,
on which several detailed questions will be asked. At this point the milestone you
must reach is mastery over Consolidations and Published Accounts & Standards.

and Chapter 17: Earnings Per Share MCQ (P269), Diluted EPS Ex 4 & 5
VIII Full-price,
Thurs Bonus, Rights,
2. 2. 17 Chapter 18: Analysis and Tesbury & Read Examiner’s
Interpretation pages 494 to article, finish
499 Tesbury; Megan

Group Interpretations: see Study

Supplementary Pack Supplementary Pack
Chapter 19: Statements of Cash Cat, Dog
Flow Bengal (P319) Charmer (Study
Answer carefully)

Chapter 20: Specialised, not- Careful Homestudy

for-profit & public sector Impt. for MCQs
organisations

Fri 3.2.17 Mentoring session II

5:15 – 5:45pm
For HW please attempt from Revn Kit Q48 (P135) Hardy and Q55 (P152) Quartile

Separate 4 Online Sessions Evening Revision Course Programme to follow

(6pm – 8:45pm):
Mon 6. 2. 17
Wed 8. 2. 17
Tues 14. 2. 17
Fri 17. 2. 17
Lecturer: FB: Francis Braganza fbraganza@lsbf.org.uk
Please watch the following in the pre-recorded video library & study the
Class Notes for
 Introduction to F7 Syllabus & Examination Paper Structure
 All major Questions & Home Work Examples (answers fully explained,
step-by-step)
 Carefully study Chapters 15 & 20 for Homework
 Obscure points in Syllabus that the 60 mark MCQs examine – you can
leave nothing out in the new-style F7 Exam Paper

Please make sure you attempt the Mock Exams (Tuition / Progress; and
Revision Mock) – most students’ FIRST attempt at a full F7 Exam is in the
exam itself when it is too late, whereas they could have learned so much
about time-keeping, strategy, separation of Workings from main Answer
for the Big questions, how few workings to do for MCQs (& practising
making educated guesses under time-pressure), which questions to do
first, etc by doing the Mocks and getting detailed feedback from the
lecturer. Don’t wait to be fully prepared before you do the Mocks….

Warning: This paper has a huge but easy Syllabus and consistent study is the key
to passing. It has been recently expanded, with effect from Sept 2016 – see Class
Notes Supplementary Pack. The course is designed to back-up your homestudy
for the examination, not be your sole preparation! You will need to do
considerable amounts of private study as well in order to pass this demanding
paper (although more recent pass rates have been better [eg Sept 2016: 48%
worldwide] in June 2010 the pass rate was 28%, i.e 72% failed). Please carefully
study the Class Notes, rework all main classwork Qs and complete the many
homework assignments, well in advance of Revision.

If you have any problems whatsoever please do not hesitate to e-mail me as

soon as you can (fbraganza@lsbf.org.uk)
Please do Exam Revision Kit questions as indicated in this Studyplanner, don’t do
others until the teaching course is complete, as most F7 questions are on mixed
(often later) topics – also, almost all of the examples in the Class Notes ARE past-
exam questions, updated. The purpose of the Revision Course is to do these
mixed questions from the Revision Kit.

Revision Course attendance:

The overwhelming evidence is that students who do not attend the

Revision Course find it much more difficult to pass because that is when we
APPLY knowledge (gained on the tuition course) to tackle exam questions
which are often on mixed topics. Even if you fall behind in your studies on
the tuition phase, come to the Revision Course because all the main topics
will be explained while tackling exam questions targeting the coming exam.
We will do more in class than you could do on your own, explaining how to
maximise marks, exam techniques, what the markers are looking for, etc.
The feedback from students attending is that they had not realised what a
step-up from Tuition the Revision Course is.