ACCA FR (Financial Reporting)
Questions and Answers for Practice

Practice! Practice! PRACTICE!

 

It is always mentioned by ACCA Examiner to advise how to pass ACCA exams. 

 

Attempting ACCA FR (F7) past papers is one of effective ways to master examination skills.  However, the change of syllabus over the years result some of the questions are not relevant to the latest exam.

 

To provide the most relevant questions, it is the purpose we set up this question and answer for you to practice.

However, you are not only practicing the questions but also understand why and how the answers to come out.

 

It is important, especially, in the questions asking you to apply your knowledge.

 

In Financial Reporting (FR) paper, all questions are compulsory.

 

The 3-hour exam will assess all parts of the syllabus and will test knowledge and some comprehensive or application of this knowledge.

Section A includes 15 two-mark objective test questions covering all areas in the syllabus.

 

Section B comprises 3 ten-mark questions each containing five objective test questions.

 

Section C comprises two 20 marks constructed response questions.  The questions will examine the
interpretation and preparation of financial statements for either a single entity or a group.

 

In other words, Section A and Section B contributes 60% of total marks while Section C shares another 40%.

We divide the syllabus into seven sections in the practice.  You can find out the questions in each section by just click the buttons below.

Let's start!

Do you want to join online course to pass the exam? Check Online Course details.

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Blueprint

Conceptual and regulatory framework for financial reporting

Tools

Accounting for inventories, deferred tax, accounting policy and earnings per share in financial statements

House Painting

Preparation of financial statements includes goodwill, non-controlling interests, consolidation adjustments

Window Installation

Accounting for tangible non-current assets, impairment and government grants in financial statements

Gears

Analysing and interpreting the financial statements of single entities and groups

House Construction

Accounting for financial instruments, leases, provisions and contingent liabilities in financial statements

Yellow Building

Preparation of financial statements under IAS 1 and

IFRS 10

Do you want to join online course to pass the exam? Check Online Course details.

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