ACCA F7复习必备.pptVIP

Study the wider syllabus over a sensible time period Attempt all questions asked Avoid question spotting Read the Examiners’ Reports How to improve the student’s performance Important Topics Important topics Groups financial statements -full goodwill method -subsidiary and associate -contingent consideration IAS 16 PPE – revaluation model and depreciation IAS 17 Leases- Operating lease and Finance leases IAS 11 Construction contracts- Sales basis and cost basis IAS 12 Income taxes – deferred taxes IAS 18 Revenue recognition – deferred revenue IAS 32 and 39 Financial instruments – Effective interest rate IAS 7 statement of cash flows Ratios - interpretation Thank you! * * ACCA Train-the-Trainers Conference 2012 2012, China F7 Financial Reporting 1. Introduction 2. Syllabus 3. Pass Rates 4. Weakness of students 5. How to Improve Candidates’ Performance 6. Important Topics CONTENTS Introduction Introduction to the Paper Aim of Paper To develop knowledge and skills in : understanding and applying accounting standards theoretical framework in the preparation of financial statements of entities, including groups how to analyse and interpret those financial statements Introduction to the Paper MAIN CAPABILITIES On successful completion of this paper candidates A Discuss and apply a conceptual framework for financial reporting B Discuss a regulatory framework for financial reporting C Prepare and present financial statements which conform with International accounting standards D Account for business combinations in accordance with International accounting standards E Analyse and interpret financial statements. Links to other papers Introduction to the Paper Syllabus Syllabus Syllabus Detailed Syllabus A conceptual framework for financial reporting ? The need for conceptual framework Understandability, relevance, reliability and comparability Recognition and measurement The l