Data Loading...

Orientation - FR Flipbook PDF

Orientation - FR

109 Views
97 Downloads
FLIP PDF 957.61KB

F7-FINANCIAL REPORTING

INTRODUCTION

Objectives 

Revision of key technical areas



Weak areas as per Examiner’s reports



Common reasons for unsuccessful attempt

Study approach 

Webinar



Syllabus guide



Cover Standards conceptually



Examiner reviewed Text book



Examiner reviewed Exam Kit



Past exam papers (www.accaglobal.com)



Old past exam papers



Technical articles



Practice! Practice! Practice!

Webinar plan 

Standards



Final accounts



Consolidation



Cashflows



Interpretation of financial statements

Paper pattern

Paper pattern 

Section A: 15 Objective test (OT) questions of 2 marks each



Section B: 3 Case based questions with 5 OTs of 2 marks each



Section C: 2 Constructive response questions of 20 marks each

Tools Specially designated 

Spreadsheet



Word processing tool

Objective Test Questions (OTs) 

Single, short questions



Automarked



2 marks each



No partial marking

1. Multiple Choice Questions 

Choose one answer from a number of given options

2. Multiple Response Questions 

Kind of multiple choice questions



Select more than one answer from a number of given options



Number of answers to be selected clearly mentioned in question



No restriction in system on selection of number of options



Incomplete questions shown complete in Navigator and Item review

Multiple Response Questions

3. Fill in the blanks 

Type an answer into a box



Unit measurement displayed outside box



Rounding requirements displayed



Permitted characters are: Numbers



One full stop as decimal point



One minus symbol at the front if answer is negative



No other characters allowed including commas

Fill in the blanks

4. Drag and Drop 

Drag an answer and drop into place



Questions may have more than one answer to a response area



Some questions may have more answer choices than response areas



All available answer choices may not be used

Drag and Drop

5. Drop down list 

Select one answer from a drop down list



More than one drop down list possible

Drop down list

6. Hot spot 

Select one point on an image as answer



Cursor will display X



Place X on appropriate part on diagram



X should touch line showing correct answer

Hot spot

7. Hot area 

Select area on the image



Navigator and Item review will show complete even if full answer not provided

Hot area

Objective Test Case Questions (OT Cases) 

Group of five OT questions



Based around a single scnario



Worth 10 marks (5 questions of 2 marks each)



No dependency between questions



Scenerio continuously available on screen

OT Case Questions

OT Case Questions

Constructed Response Questions (CRs)

Constructed Response Questions (CRs)

Exam functionality 

Flag for review



Next and Previous button



Navigator tool



Status definition



Time and exam progress



Calculator



Scratch pad



Highlight and Strikethrough

Word processing 

Spell check won’t work



Limited short cut keys



Accessibility of tables – not easy



Formatting options limited



Underlining not required



Copy from question not allowed

Word processing

Spread Sheet Questions 

One worksheet



Pre-formatted response – data cannot be changed



Cannot add or delete rows or columns



Copy paste function to be used for re-arrangement of data



Cell borders and styles



Cell colours

Spread Sheet Questions 

Selection of cells and using drag handle



Currency symbols



No working of F2 Key



No merging of cells



Wrap text etc. Not directly available



Formatting options limitations



Referencing of workings not required – link cells

Spread Sheet Questions

Study plan

Standards 

Objective



Scope



Definitions



Recognition criteria



Measurement criteria



Disclosures

Constructed Response Questions 

Final accounts



Cashlows



Interpretation of financial statements



Consolidation

Resources 

Syllabus and study guide



ACCA Approved Text Books



Practice Kits



Technical articles



Examiner reports



Online resources – accaglobal.com



Education Hub



Practice softwares

CBE specific resources 

Subject specific videos



CBE Specimen exam



Past exams



Extra CR questions



Practice softwares



Learning support for session CBEs

Time & Marks 

3 hours, 20 minutes



110 marks of exam content ( 100 marks contributing to the result, 10 marks which do not contribute to the result)

Questions

Final accounts - Format

Final accounts - Format

Final accounts - Format

Final accounts - Format

Final accounts - Format

Final accounts - Format

Thank you