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REVISION
NOTES
ACCA Paper F7
FINANCIAL REPORTING
FOR EXAMS IN 2014

F7 .Revision .Notes .2014

TABLE OF CONTENTS
CHAPTER

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CHAPTER 1:THE CONCEPTUAL FRAMEWORK

CHAPTER 2: THE REGULATORY FRAMEWORK

CHAPTER 3:PRESENTATION OF PUBLISHED FINANCIAL STATEMENTS

11

CHAPTER 4: NON CURRENT ASSETS

14

CHAPTER 5 :INTANGIBLE ASSETS

17

CHAPTER 6:IMPAIRMENT OF ASSETS

19

CHAPTER 7:REPORTING FINANCIAL PERFOMANCE

21

CHAPTER 8: INTRODUCTION TO GROUPS

24

CHAPTER 9: THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION

27

CHAPTER 10:THE CONSOLIDATED STATEMENT OF PROFIT OR LOSS

AND OTHER COMPREHENSIVE INCOME

32

CHAPTER 11:ACCOUNTING FOR ASSCIATES

34

CHAPTER 12:INVENTORIES AND CONSTRUTION CONTRACTS

35

CHAPTER 13: PROVISIONS,CONTIGENT LIABILITIES AND CONTIGENT

ASSETS

38

CHAPTER 14:FINANCIAL ASSETS AND LIABILITIES

40

CHAPTER 15: THE LEGAL VERSUS THE COMMERCIAL VIEW OF

ACCOUNTING

44

CHAPTER 16: LEASING

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CHAPTER 17:ACCOUNTING FOR TAXATION

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CHAPTER 18: EARNINGS PER SHARE

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CHAPTER 19: ANALYSING AND INTERPRETING FINANCIAL

STATEMENTS

55

CHAPTER 20: LIMITATIONS OF FINANCIAL STATEMENTS AND

INTERPRETATION TECHNIQUES

58

CHAPTER 21: STATEMENT OF CASH FLOWS

60

CHAPTER 22: ALTERNATIVE MODELS AND PRACTICES

62

CHAPTER 23: NOT- FOR PROFIT AND PUBLIC SECTOR

ENTITICS

63

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CHAPTER 2

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CHAPTER 3

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CHAPTER 4

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CHAPTER 5

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CHAPTER 6

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CHAPTER 7

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CHAPTER 8

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CHAPTER 9

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CHAPTER 10

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CHAPTER 11

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CHAPTER 12

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CHAPTER 13

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CHAPTER 1-

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CHAPTER 15

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CHAPTER 16

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CHAPTER 17

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CHAPTER 18

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CHAPTER 19

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CHAPTER 20

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CHAPTER 21

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CHAPTER 22

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CHAPTER 23

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