F7 Financial Reporting

F7 Financial Reporting(INT)(KAPLAN)

• Question 1

• Consolidated statement of financial position* including an associate.
• Possible adjustments to include:
deferred consideration/share exchange
net asset fair value adjustments
intra-group loan/current account
goodwill impairment**
impairment of the investment in the associate
PURP
• UK: Balance sheet

• ** UK: Amortization and possibly impairment

• Question 2

• Preparation of financial statements from trial balance including a SOCIE*.

• Possible adjustments to include:
revaluation
depreciation
financial liabilities (possibly redeemable preference shares or finance lease)
provisions
revenue recognition
tax and deferred tax
prior period adjustment

• UK: Statement of the Movements in Share Capital and Reserves



• Question 3

• Possible mixed cash flow/interpretation question to include:
The preparation of a statement of cash flow (or part thereof)
Calculation of ratios and a short interpretation exercise using the statement of cash flow and ratio results.


• Questions 4 and 5
Lease
Impairment
Non-current (fixed) assets
Intangible asset – possibly to include research & development
Government grant
Investment property


F7 Financial Reporting(INT)(BPP)

Q1: Consolidated SOCI and/or SOFP with one subsidiary plus associate with intragroup adjustments and fair value adjustments. May include written part on a group topic.

Q2: SOCI and SOFP preparation from TB or restatement with usual adjustments for depreciation, revaluation, current/deferred tax plus others such as leases/substance, financial instruments (change in FV or amortised cost). May include discontinued operation/EPS/SOCIE.

Q3: Interpretation and/or statement of cash flows. Could focus on specific part of SOCF or specific ratios.

Q4 & Q5: One question in context of conceptual framework, and the other containing one or two discrete topics, such as regulatory framework, inflation, government grants, discontinued operations, impairments, deferred tax, leases or intangible assets.

F7 Financial Reporting(INT)(ICOUNT)

· Consolidated group accounts with parent, sub and associate - with intergroup trading, items in transit and FV adjustments.
· Redraft of single entity accounts with adjustments 3. Statement of Cashflow with liquidity ratios.
· EPS/Construction Contracts
· Features of a finance lease, with computations.


F7 Financial Reporting(INT)((FIRST INTUITION)
Q1 Consolidated SFP, with associate, deferred consideration, Pups and fair value adjustment downwards
Q2 Single company accounts questions, including contract, lease, and intangible assets
Q3 Statement of cash flow and comments there on with no ratios
Q4 The framework with computation for no current assets
Q5 IAS 37/IAS 12 and deferred tax computation