Tài liệu ACCA mới nhất từ BPP môn F7,sách có giá trị cho kỳ thi đến tháng 6-2014File PDF dạng Text cực đẹp.
Financial Reporting Paper F7 (International) Course Notes ACF7CN07 INT (i) BPP provides revision courses, question days, mock days and specific material to assist you in this important phase of your studies. F7 Financial Reporting (International) Study Programme Page Introduction to the paper and the course . (ii) 1 The conceptual framework 1.1 2 Home study chapter – The regulatory framework . 2.1 3 Presentation of published financial statements . 3.1 4 Tangible non-current assets 4.1 5 Intangible assets . 5.1 6 Impairment of assets . 6.1 7 Reporting financial performance 7.1 End of Day 1 – refer to Course Companion for Home Study Progress test 1 8 Introduction to groups 8.1 9 The consolidated balance sheet 9.1 10 The consolidated income statement 10.1 11 Accounting for associates 11.1 End of Day 2 – refer to Course Companion for Home Study Progress test 2 Course exam 1 12 Inventories and construction contracts 12.1 13 Provisions, contingent liabilities and contingent assets . 13.1 14 Financial assets and liabilities . 14.1 15 The legal versus the commercial view of accounting 15.1 16 Leases . 16.1 17 Taxation . 17.1 End of Day 3 – refer to Course Companion for Home Study Progress test 3 18 Earnings per share 18.1 19 Calculation and interpretation of accounting ratios and trends 19.1 20 Limitations of financial statements and interpretation techniques . 20.1 21 Cash flow statements 21.1 22 Alternative models and practices . 22.1 23 Specialised, not-for-profit and public sector entities 23.1 End of Day 4 – refer to Course Companion for Home Study Progress test 4 Course exam 2 24 Answers to Lecture Examples . 24.1 25 Question and Answer bank . 25.1 26 Pilot Paper questions . 26.1 Don’t forget to plan your revision phase! • Revision of syllabus • Testing of knowledge • Question practice • Exam technique practice INTRODUCTION (ii) Introduction to Paper F7 Financial Reporting (International) Overall aim of the syllabus To develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements. The syllabus The broad syllabus headings are: A A conceptual framework for financial reporting B A regulatory framework for financial reporting C Financial statements D Business combinations E Analysing and interpreting financial statements Main capabilities On successful completion of this paper, candidates should be able to: • Discuss and apply a conceptual framework for financial reporting • Discuss a regulatory framework for financial reporting • Prepare and present financial statements which conform with International Financial Reporting Standards • Account for business combinations in accordance with International Financial Reporting Standards • Analyse and interpret financial statements Links with other papers This diagram shows where direct (solid line arrows) and indirect (dashed line arrows) links exist between this paper and other papers that may precede or follow it. The financial reporting syllabus assumes knowledge acquired in paper F3 Financial Accounting, and develops and applies this further and in greater depth. Paper P2 Corporate Reporting, assumes knowledge acquired at this level including core technical capabilities to prepare and analyse financial reports for single and combined entities. Business Analysis (P3) Audit & Assurance (F8) Corporate & Business Law (F4) Corporate Reporting (P2) Financial Reporting (F7) Financial Accounting (F3) INTRODUCTION (iii) Assessment methods and format of the exam Examiner: Steve Scott The examination is a three hour paper and all questions are compulsory. It will contain both computational and discursive elements and some questions will adopt a scenario/case study approach. Format of the Exam Marks Question 1 Preparation of group financial statement and/or extracts thereof, often including an associate, and normally including a short discussion element 25 Question 2 Preparation/restatement of non-group financial statements, including adjustments on other areas of the syllabus 25 Question 3 Appraisal of an entity's performance and/or cash flow statements and interpretation thereof 25 Question 4 15 Question 5 Will test the remainder of the syllabus 10 100 INTRODUCTION (iv) Course Aims Achieving ACCA's Study Guide Outcomes A A conceptual framework for financial reporting A1 The need for a conceptual framework Chapter 1 A2 Relevance, reliability, comparability and understandability Chapter 1 A3 Recognition and measurement Chapter 1 A4 The legal versus the commercial view of accounting Chapter 15 A5 Alternative models and practices Chapter 1 A6 The concept of 'faithful representation' ('true and fair view') Chapter 1 B A Regulatory framework for financial reporting B1 Reasons for the existence of a regulatory framework Chapter 2 B2 The standard setting process Chapter 2 B3 Specialised, not-for-profit and public sector entities Chapter 23 C Financial statements C1 Cash flow statements Chapter 21 C2 Tangible non-current assets Chapter 5 C3 Intangible assets Chapter 6 C4 Inventory Chapter 12 C5 Financial assets and financial liabilities Chapter 14 C6 Leases Chapter 16 C7 Provisions, contingent liabilities and contingent assets Chapter 13 C8 Impairment of assets Chapter 7 C9 Taxation Chapter 17 C10 Regulatory requirements relating to the preparation of financial statements Chapter 3 C11 Reporting financial performance Chapter 4 D Business combinations D1 The concept and principles of a group Chapter 8 D2 The concept of consolidated financial statements Chapter 8 D3 Preparation of consolidated financial statements including an associate Chapters 9-11 INTRODUCTION (v) E Analysing and interpreting financial statements E1 Limitations of financial statements Chapter 20 E2 Calculation and interpretation of accounting ratios and trends to address users' and stakeholders' needs Chapter 19 E3 Limitations of interpretation techniques Chapter 20 E4 Specialised, not-for-profit and public sector entities Chapter 23 INTRODUCTION (vi) Classroom tuition and Home study Your studies for BPP consist of two elements, classroom tuition and home study. Classroom tuition In class we aim to cover the key areas of the syllabus. To ensure examination success you will to spend private study time reinforcing your classroom course with question practice and reviewing areas of the Course Notes and Study Text. Home study To support you with your private study BPP provides you with a Course Companion which helps you to work at home and aims to ensure your private study time is effectively used. The Course Companion includes a Home Study section which breaks down your home study by days, one to be covered at the end of each day of the course. You will find clear guidance as to the time to spend on various activities and their importance. You are also provided with progress tests and two course exams which should be submitted for marking as they become due. These may include questions on topics covered in class and home study. BPP Learn Online Come and visit the BPP Learn Online free at www.bpp.com/acca/learnonline for exam tips, FAQs and syllabus health check. ACCA Forum We have thriving ACCA bulletin boards at www.bpp.com/accaforum. Register and discuss your studies with tutors and students. Helpline If you have any queries during your private study simply contact your class tutor on the telephone number or e-mail address that they will supply. Alternatively, call +44 (0)20 8740 2222 (or your local training centre if outside the London area) and ask for a tutor for this paper to speak to you or to call you back within 24 hours. Feedback The success of BPP’s courses has been built on what you, the students tell us. At the end of the course for each subject, you will be given a feedback form to complete and return. If you have any issues or ideas before you are given the form to complete, please raise them with the course tutor or relevant head of centre. If this is not possible, please email ACCAcoursesfeedback@bpp.com. INTRODUCTION (vii) Key to icons Question practice from the Study Text This is a question we recommend you attempt for home study. Real world examples These can be found in the Course Companion. Section reference in the Study Text Further reading is needed on this area to consolidate your knowledge. Formula to learn INTRODUCTION (viii)