Acca F7 Financial Reporting

“Which Paper is F7 in ACCA?
F7 in ACCA is Financial Reporting Exam also termed as FR Exam. It is the ACCA Skill level Exam covering
various International Financial Reporting Standards (IFRS) and Reporting relating Areas.
What all areas are Student cover in ACCA FR (F7) syllabus?
ACCCA FR (F7) subject helps student to develop knowledge in understanding and applying IFRS and the
theoretical framework in the preparation/presentation of financial statements. It also provides detailed
understanding of Group Accounting and skills on how to analyze and interpret financial statements.
How Long is ACCA FR (F7) Exam?
ACCCA FR (F7) is a 3 hours exam.
What is the structure of ACCA FR (F7) Exam?
ACCA Fr (F7) Exam has 3 Sections having combination of objective (multiple choice) and subjective
questions.
Section A carry 30 Marks (15Qs*2 marks each) where knowledge of multiple IFRSs are tested. This
section has all Objective Type Questions which can be Multiple Choice/Fill in the Blanks/Match the
following etc.
Section B carry 30 Marks (3 Cases (having 5 Qs each)* 10 marks for each case) where knowledge of
multiple IFRSs are tested. This section has all Objective Type Questions which can be Multiple Choice/Fill
in the Blanks/Match the following etc.
Section C carry 40 marks (2 Cases* 20 marks each) where knowledge of multiple IFRSs are tested. This
section has Long Qs generally Tested from 4 Areas:-
• Trial Balance, PL, SFP and IFRS Related issues
• Group Accounting (Consolidation)
• Cash Flow Qs
• Ratio Analysis”