(i)
ATC
INTERNATIONAL
ACCA
PAPER F7
FINANCIAL REPORTING (INTERNATIONAL)
(ii) ii No responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication can be accepted by the author, editor or publisher.
This training material has been published and prepared by Accountancy Tuition Centre Limited
16 Elmtree Road Teddington TW11 8ST United Kingdom.
STUDY QUESTION BANK – FINANCIAL REPORTING (F7)
(iii) STUDY QUESTION BANK
CONTENTS
TANGIBLE ASSETS AND DEPRECIATION (IAS 16)
9 Adjustments 8 1014 15
10 Sponger 8 1017 12
11 Fam 9 1019 14
12 Stoat (ACCA D99) 10 1020 20
ACCOUNTING FOR SUBSTANCE
13 Substance over form 11 1021 12
14 Hughes and Custom cars 11 1023 8
ACCOUNTING POLICIES etc (IAS 8)
15 Perseus (ACCA J01) 11 1024 20
REVENUE (IAS 18)
16 Jenson 12 1025 25
ACCOUNTING FOR LEASES (IAS 17)
17 XYZ Inc 13 1029 14
18 Snow Inc 14 1032 15
INTANGIBLE ASSETS (IAS 38)
19 Intellectual Individuals Inc 14 1034 15
20 Rovers (ACCA J97) 15 1036 9
21 Lamond (ACCA D00) 16 1037 20
INVENTORY (IAS 2)
22 Allrights Inc 17 1038 8
FINANCIAL REPORTING (F7) – STUDY QUESTION BANK
(iv) iv
STUDY QUESTION BANK
CONTENTS
Question Page Answer Marks Date worked
CONSTRUCTION CONTRACTS (IAS 11)
24 William Inc 19 1040 12
PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS (IAS 37) AND EVENTS AFTER THE BALANCE SHEET DATE (IAS 10)
25 Earley Inc 20 1042 13
26 Accounting treatment 20 1043 12
INCOME TAXES (IAS 12)
27 Shep (I) 21 1044
PRINCIPLES OF PRICE LEVEL ACCOUNTING
45 Period of inflation 40 1075 15
CASH FLOW STATEMENTS (IAS 7)
46 Standard 40 1077 20
47 Fallen 42 1080 20
ANALYSIS AND INTERPRETATION
48 Witton Way 43 1083 20
49 Rapido 44 1085 18
EARNINGS PER SHARE (IAS 33)
