Acca F7
ACCA Paper F7
Financial Reporting (INT)
Class Notes June 2011
www.studyinteractive.org
© The Accountancy College Ltd January 2010 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of The Accountancy College Ltd.
W W W .S T U D Y I NT ER A C T I V E .OR G
2
Contents
PAGE
INTRODUCTION TO THE PAPER CHAPTER 1: THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION CHAPTER 2: THE CONSOLIDATED INCOME STATEMENT CHAPTER 3: ASSOCIATES CHAPTER 4: PUBLISHED ACCOUNTS - AN INTRODUCTION CHAPTER 5: NON-CURRENT ASSETS: TANGIBLE CHAPTER 6: IAS 38 CURRENT ASSETS: INTANGIBLE CHAPTER 7: IAS 36 – IMPAIRMENT OF ASSETS CHAPTER 8: IAS 17 - LEASING CHAPTER 9: IAS 2 & 11 INVENTORY AND CONSTRUCTION CONTRACTS 5 15 41 57 69 81 99 107 115 124
CHAPTER 10:REPORTING FINANCIAL PERFORMANCE & ASSETS HELD FOR SALE129 CHAPTER 11: IAS 12 TAX CHAPTER 12: PUBLISHED ACCOUNTS – ADVANCED CHAPTER 13: PROVISIONS AND CONTINGENCIES CHAPTER 14: IAS 1 & 8 SUBSTANCE OVER FORM CHAPTER 15: CONCEPTUAL AND REGULATORY FRAMEWORK CHAPTER 16: IAS 32 & 39 & IFRS 7 & 9 FINANCIAL INSTRUMENTS CHAPTER 17: IAS 33 EARNINGS PER SHARE CHAPTER 18: ANALYSIS AND INTERPRETATION CHAPTER 19: STATEMENTS OF CASH FLOW CHAPTER 20: ALTERNATIVE MODELS AND PRACTICES 143 151 155 161 167 177 181 187 211 219
Caution! This handout is intended to supplement the lectures and not stand alone. Reading the handout cannot be a substitute for listening to the lecture.
W W W .S T U D Y I NT ER A C T I V E .OR G
3
W W W .S T U D Y I NT ER A C T I V E .OR G
4
Introduction to the paper
www.studyinteractive.org
C H A P T ER 1 – C ONS OLI D A T ED S F P
OUTLINE OF THE SYLLABUS
Conceptual framework Regulatory framework Financial Statements (11 areas) Business Combinations Analysing & interpreting financial
Financial Reporting (INT)
Class Notes June 2011
www.studyinteractive.org
© The Accountancy College Ltd January 2010 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of The Accountancy College Ltd.
W W W .S T U D Y I NT ER A C T I V E .OR G
2
Contents
PAGE
INTRODUCTION TO THE PAPER CHAPTER 1: THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION CHAPTER 2: THE CONSOLIDATED INCOME STATEMENT CHAPTER 3: ASSOCIATES CHAPTER 4: PUBLISHED ACCOUNTS - AN INTRODUCTION CHAPTER 5: NON-CURRENT ASSETS: TANGIBLE CHAPTER 6: IAS 38 CURRENT ASSETS: INTANGIBLE CHAPTER 7: IAS 36 – IMPAIRMENT OF ASSETS CHAPTER 8: IAS 17 - LEASING CHAPTER 9: IAS 2 & 11 INVENTORY AND CONSTRUCTION CONTRACTS 5 15 41 57 69 81 99 107 115 124
CHAPTER 10:REPORTING FINANCIAL PERFORMANCE & ASSETS HELD FOR SALE129 CHAPTER 11: IAS 12 TAX CHAPTER 12: PUBLISHED ACCOUNTS – ADVANCED CHAPTER 13: PROVISIONS AND CONTINGENCIES CHAPTER 14: IAS 1 & 8 SUBSTANCE OVER FORM CHAPTER 15: CONCEPTUAL AND REGULATORY FRAMEWORK CHAPTER 16: IAS 32 & 39 & IFRS 7 & 9 FINANCIAL INSTRUMENTS CHAPTER 17: IAS 33 EARNINGS PER SHARE CHAPTER 18: ANALYSIS AND INTERPRETATION CHAPTER 19: STATEMENTS OF CASH FLOW CHAPTER 20: ALTERNATIVE MODELS AND PRACTICES 143 151 155 161 167 177 181 187 211 219
Caution! This handout is intended to supplement the lectures and not stand alone. Reading the handout cannot be a substitute for listening to the lecture.
W W W .S T U D Y I NT ER A C T I V E .OR G
3
W W W .S T U D Y I NT ER A C T I V E .OR G
4
Introduction to the paper
www.studyinteractive.org
C H A P T ER 1 – C ONS OLI D A T ED S F P
OUTLINE OF THE SYLLABUS
Conceptual framework Regulatory framework Financial Statements (11 areas) Business Combinations Analysing & interpreting financial