Exam Guide for June 2014 (F7 Financial
Reporting)
|
|
|
|
Question 1
|
Consolidated SOFP
-
Parent and Subsidiary
-
Calculation of Full goodwill
-
Fair value adjustment and additional depreciation
-
Unrealised profits
-
Goods in transit
-
NCI Calculation
|
|
|
Consolidated SOPL
-
Parent, Subsidiary
-
Fair value adjustment and additional
depreciation
-
Calculation of Full goodwill
-
Unrealised profits
-
Inter company interest income/expense
cancellation
-
Apportionment of Other Comprehensive Income
between Parent’s shareholders and NCI
-
NCI calculation
|
|
Question 2
|
Preparation of SOFP, SOPL and SOCE
-
Depreciation adjustment i.e. straight line
and reducing balance
-
Nominal interest vs effective interest;
Calculation of Amortised cost for Loan payable
-
Revenue and Cost of Sales adjustments i.e.
Sale or return, Agent vs Principal income recognition (IAS 18 Revenue)
-
Current Tax and Deferred Tax adjustment
(IAS 12 Taxation)
-
Dividend calculation
-
Accounting standards (Two of the
followings):
-
IAS 8 Accounting policies, changes in
estimates and errors (Fraud)
-
IAS 33 Earnings per share
-
IAS 36 Impairment of Assets
-
IAS 38 Intangible Asset
-
IAS 32 Financial Instruments:Presentation
(convertible loan note)
|
|
Question 3
|
Statement of Cash Flows
Ratio analysis
|
|
Question 4
|
(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:
-
IAS 10 Post Reporting Period Events
-
IFRS 5 Non-current Assets Held for sale and
Discontinued operation
-
IAS 37
Provisions, Contingent liabilities and assets
-
IAS 32 Financial
instruments: Presentation
|
|
Question 5
|
One or more of the
following standards:
-
IAS 8 Accounting policies, changes in
estimates and errors
-
IAS 36 Impairment
of assets
-
IAS 38 Intangible Assets
|
No comments:
Post a Comment