Exam Guide for June 2013 (F7 Financial Reporting)
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Question 1
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Consolidated SOPL&OCI and SOFP
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Parent and Subsidiary
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Calculation of Full goodwill
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Pro-rated income for Sub
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Unrealised profits
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Apportionment for Other Comprehensive Income between
Parent’s shareholders and NCI
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NCI Calculation
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Consolidated SOFP
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Parent, Subsidiary and Associate
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Fair value adjustment and additional depreciation
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Calculation of Full goodwill
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Unrealised profits
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Inter company balance cancellation
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Cash in transits
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Apportionment of Other equity reserve between Parent’s
shareholders and NCI
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NCI calculation
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Question 2
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Preparation of SOFP, SOCI and SOCE
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Depreciation adjustment i.e. straight line and reducing
balance
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Nominal interest vs effective interest; Calculation of
Amortised cost for Loan payable
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Revenue and Cost of Sales adjustments i.e. Sale or
return, Agent vs Principal income recognition
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Current Tax and Deferred Tax adjustment
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Dividend calculation
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Accounting standards (Two of the followings):
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IAS 11 Construction Contracts
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IAS 17 Lease
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IAS 38 Intangible Asset
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IAS 36 Impairment of Assets
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IFRS 9 Financial Instruments (convertible loan note)
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Question 3
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Statement of Cash Flows
Combination of cash flows and Ratio analysis
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Question 4
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(a)
Accounting concepts i.e. Faithful representation,
Accrual, Relevance, etc. from the Conceptual Framework for Financial
Reporting
(b)
One or more of the following standards:
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IAS 38 Intangible Assets
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IAS 17 Lease
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Substance over From
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Question 5
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One or more of the following standards:
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IFRS 5 Disposal of Non current Assets and Discontinued
operations
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IAS 10 Post Reporting Period Events
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IAS 33 Earnings per share
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