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Showing posts from November, 2013

summary of ias/ifrs

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ACCA F7 EXAM TIPS

ACCA Exam Tips Paper F7 Dec 2013 examinations 1.       Consolidated Statement of Financial Position AND Statement of Income, mid-year acquisition, share for share exchange, nci value based on share price, fair value upward adjustments, intra-group sales and pups, goodwill impairment 2.       Statements of Financial Position, Income AND Changes in Equity, list of  balances, problems with revenue recognition (consignment goods), inventory adjustment, TNCA revaluation, depreciation straight line and reducing balance, loan interest accrual, tax provision and deferred tax movement 3.       20 mark cash flow (last time there was a question WITHOUT interpretation was December 2011) with a part b 5 mark chat 4.       15 mark question covering 2 or 3 IAS with short, relatively straight- forward calculations. Possibles?  Could be anything, but here are 3 wild guesses:- subsequen...

f7 mock 1 answers pg(1-12)

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 BUDGETING CMA ESSAY TYPE QUESTIONS.

ACCA MOCK 1

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PURP CONSOLIDATION

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ACCA

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Master Budget

MASTER BUDGET AND RESPONSIBILITY ACCOUNTING EXERCISES AND PROBLEMS 164.  Spirit Company sells three products with the following seasonal sales pattern:                                                                            Products          Quarter                                   A                     B  ...