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