Sunday, December 12, 2010

ACCA | F7 - Financial Reporting [INT] - List of MUST DO Questions

Many of students face difficulty in selecting the appropriate questions for practice especially close to exams when they do not have any time to spare. So many of my students and many people on our facebook fan page has asked about what questions we should be do when we have just 2-3 days left to sit for exam.

Here is a list of questions which I have given to my students in online classes and also in the FREE pre-exam session I conducted last night for F7 paper. If you have missed the session then you can watch the recording here.

I will write the area and the name of the question and not the question number itself as question number can be different in different editions of Kaplan. So you will have to look for the question name in the contents. However, if you do not find a particular question that has been named in this list and is not in your exam kit then don't worry about that and select any question from the same area in your exam kit / revision kit.

I will divide the questions in two categories i.e. the ones that you should only read and the ones that you should do. So, if you follow the read and do instruction given against every question in the list you will be able to cover the topics in their entirity, almost, without doing all the questions of exam kit again and can also save you time to relax and have a nice sleep before exam :-)

From Kaplan Exam Kit

Question Name
Part(s)
Opening Phrase
Topic
Marks
Read / Do
IASB Framework
(c)
Peterlee is preparing its financial....
Adjusting entries
12
Do
Angelino
(b)
Angelino entered into the following...
Adjusting entries
16
Do
Revenue Recognition
(c)
Derringdo acquired an item of plant...
Grants
(9)
Do
Historic Cost
(i), (ii)
Over the years there have been...
Costing options
15
Read
Financial Statements
(a)
The IASB's framework for the....
Accounting concepts
5
Read
Emerald
(b)
Emerald has had a policy of writing off...
Accounting Policy
6
Do
Flow
On 1 April, 20x7, flow sold a...
Lease
10
Do
BLFB
(a)
You are the management accountant...
substance over form
12
Read
BLFB
b
You are the management accountant...
Substance over form
13
Do
LMN
a
The IASB's framework for the...
Recognition criteria
5
Read
Fino
a
An important requirement of the IASB's...
Concept of faithful representation
5
Read
Conceptual Framework
b
In 1989 the forerunner to the current IASB...
Conceptual framework
8
Read
Users and Qualities
c
The framework for the preparation...
Qualitative characteristics of financial statements
12
Read
Broadoak
all
The broad priniciples of accounting for property,...
Non-current assets
25
Do
Elite Leisure
all
Elite leisure is private limited liability...
Non-current assets
12
Do
Advent
all
Advent is a publicly listed company...
Tangible and Intangible assets
13
Do
Wilderness Group
all
The main objective of IAS 36...
Impairment, Non-current assets
25
Do
Linnet
(b)
Linnet also manufactures and sells...
Contingency
8
Do
Bowtock
(a), (c)
IAS 12 Income Taxes details the...
Deferred Tax, Events after the Balance Sheet date
20
Do
Multiplex
all
The following transactions and events...
Financial instruments, impairment, discontinued operations, Construction contract
25
Do
Torrent
(a)
Torrent is a large publicly listed company...
Construction contracts
12
Do
QRS
all
The directors of QRS a listed entity...
Financial instruments
10
Do
Errsea
(b)
In the post statement of financial position period
Events after the balance sheet date
15
Do
Situations
all
You have been asked to advise on...
Goodwill, Financial instruments
15
Do
Dexon
all
Below is the summarised
Published accounts
25
Do
Harrington
all
Reproduced below are the draft...
Published accounts
25
Do
Darius
all
The following trial balance
Published accounts
25
Do
Update
all
Extracts of Update's consolidated...
EPS
15
Do
JKL
all
JKL is a listed entity preparing...
EPS
10
Do
Highveldt
all
Highveldt, a public listed company,..
Consolidation
25
Do
Hillusion
all
IN recent years Hillusion has acquired...
Consolidation
25
Do
Hedra
all
Hedra, a public listed company,...
Consolidation
25
Do
Plateau
all
On 1 October 2006 Plateau acquired...
Consolidation
25
Do
Rytetrend
all
Rytetrend is a retailer of electrical goods...
Ratios, Cash flows
25
Do
Bigwood
all
Bigwood, a public company, is a...
Ratios, Cash flows
25
Do
Pinto
all
Pinto is a publicly listed company...
Cash flows
25
Do


From BPP Revision Kit
  • Conceptual Framework
    • Peterlee
    • Derringdo
  • Regulatory Framework
  • Published Accounts
    • Harrington
    • Dexon
    • Pricewell
  • Non Current Assets
    • Derringdo II
    • Broadoak
    • Elite Leisure
  • Intangible Assets
    • Emerald
  • Impairment of assets
    • Wilderness
  • Reporting Financial Performance
    • Derringdo III
  • Consolidation
    • Highveldt
    • Hillusion
    • Plateau
    • Hedra
  • Construction Contract
    • Linnet
    • Torrent
  • Provisions and Contingencies
    • Tentacle
  • Financial Assets and Liabilities
    • Jedders
  • Substance over form
    • Angelino
  • Leasing
    • Bowtock
    • Fino
  • Taxation
    • Bowtock II
  • Earning per share
    • Savoir
  • Interpretation of Financial Statements
    • Rytetrend
  • Limitations of interpretation
    • Harbin
  • Cash flow statements
    • Pinto
  • Alternative cost conventions
    • Update



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