ACCA F7复习必备.ppt

ACCATrain-the-TrainersConference20122012,China,F7FinancialReporting,1.Introduction2.Syllabus3.PassRates4.Weaknessofstudents5.HowtoImproveCandidatesPerformance6.ImportantTopics,CONTENTS,Introduction,IntroductiontothePaper,AimofPaperTodevelopknowledgeandskillsin:understandingandapplyingaccountingstandardstheoreticalframeworkinthepreparationoffinancialstatementsofentities,includinggroupshowtoanalyseandinterpretthosefinancialstatements,IntroductiontothePaper,MAINCAPABILITIESOnsuccessfulcompletionofthispapercandidatesADiscussandapplyaconceptualframeworkforfinancialreportingBDiscussaregulatoryframeworkforfinancialreportingCPrepareandpresentfinancialstatementswhichconformwithInternationalaccountingstandardsDAccountforbusinesscombinationsinaccordancewithInternationalaccountingstandardsEAnalyseandinterpretfinancialstatements.,Linkstootherpapers,IntroductiontothePaper,Syllabus,Syllabus,Syllabus,DetailedSyllabus,AconceptualframeworkforfinancialreportingTheneedforconceptualframeworkUnderstandability,relevance,reliabilityandcomparabilityRecognitionandmeasurementThelegalversusthecommercialviewAlternativemodelsandpracticesTheconceptoffaithfulrepresentation,Syllabus,B.AregulatoryframeworkforfinancialreportingReasonsfortheexistenceofaregulatoryframeworkThestandardsettingprocessSpecialised,not-for-profit,andpublicsectorentities,DetailedSyllabus,Syllabus,C.FinancialstatementsStatementsofcashflowsTangiblenon-currentassetsIntangibleassetsInventoryFinancialassetsitisnotwhatwasaskedandgainednomarks(evenifitwascorrect).Questionwouldtargetcertaincashflowclassificationsandspecificratiostopreventmechanicalchurn.Fullcashflowstatementsaregenerallywelldone,butthefocusedextractslessso.,Question4and5practiceofasignificantnumberofcandidatesnotattemptingallquestions,particularlyquestions4or5(andsometimesboth).Suggestionbytheassistantaccountantnotaddressed.Confusionbetweenthestandards.InabilitytoapplydefinitionsfromtheFrameworkandStandards,Question4and5InabilitytoapplydefinitionsfromtheFrameworkandStandards,Notansweringthethequestionasked.Notabletolinkthequestions,HowtoImproveStudentsPerformance,HowtoimprovethestudentsperformanceDevelopanabilitytoapplyaccountingStandardstoaspecificexampleorscenario.Bepreparedtocriticiseandcorrectaccountingtreatmentssuggestedbymanagement.Itisunlikelythatsimplyagreeingwiththemwillearnmanymarks.FocusonthequestionsrequirementPlanningandpresentationofanswers:-Sectionsofquestionsshouldbeansweredtogether(notscatteredthroughanswerbooklet)-referencedworkings(althoughworkingscanbetakentoexcesswhichistimewasting)-handwritingmustbelegible;languagemustbeintelligible,HowtoimprovethestudentsperformanceTrytoemphasizeanunderstandingofissuesratherthanrotelearningAlthoughuseful,cannotrelyonmechanicalanswertechniquesExamtechniqueisuseful,butnotasubstituteforknowledgeNoteffectivetomemorisepastanswersUseofmockexams,StudythewidersyllabusoverasensibletimeperiodAttemptallquestionsaskedAvoidquestionspottingReadtheExaminersReports,Howtoimprovethestudentsperformance,ImportantTopics,ImportanttopicsGroupsfinancialstatements-fullgoodwillmethod-subsidiaryandassociate-contingentconsiderationIAS16PPErevaluationmodelanddepreciationIAS17Leases-OperatingleaseandFinanceleasesIAS11Constructioncontracts-SalesbasisandcostbasisIAS1