ACCA F7 Financial Reporting

ACCA F7 – Nature of the paper

ACCA F7 Paper – Financial Reporting – is a step up from the double entry
bookkeeping learned at F3 and is a link leading to P2 advanced Corporate
Reporting. It extends the appreciation of the preparation of consolidated
financial statements and examines a student’s ability to prepare and / or
interpret a business’ performance from a set of financial statements.

Structure of the ACCA F7 paper

The exam is a three-hour paper, with all questions being compulsory, and with 15 minutes reading time.
There will be two sections to the exam:
Section A will comprise 20 multiple choice questions of 2 marks each.
Section B will comprise one 30 mark questions and two 15 mark questions.
(The 30 mark question will examine the preparation of financial statements for either a single entity or a group. The section A question and the other questions in Section B can cover any areas of the syllabus.)