ACCA F7 – Nature of the paper

　　ACCA F7 Paper – Financial Reporting – is a step up from the double entry

　　bookkeeping learned at F3 and is a link leading to P2 advanced Corporate

　　Reporting. It extends the appreciation of the preparation of consolidated

　　financial statements and examines a student’s ability to prepare and / or

　　interpret a business’ performance from a set of financial statements.

　　Structure of the ACCA F7 paper

　　The exam is a three-hour paper, with all questions being compulsory, and with 15 minutes reading time.

　　There will be two sections to the exam:

　　Section A：will comprise 20 multiple choice questions of 2 marks each.

　　Section B：will comprise one 30 mark questions and two 15 mark questions.

　　(The 30 mark question will examine the preparation of financial statements for either a single entity or a group. The section A question and the other questions in Section B can cover any areas of the syllabus.)

　　How to pass ACCA F7 Exam

　　Use the OpenTuition ACCA F7 lectures together with the F7 course notes .Try to read a study text, at least once.

　　Follow the worked examples of all the questions 1, 2 and 3 on this website since the “new” syllabus arrived in 2007. Revision lectures based on past ACCA F7 exam questions are available on line.

　　Join in the forum on this site and, if you still have a problem which you are unable to resolve, post your question on the “Ask the Tutor ACCA F7 Exams "page