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February 2016 32.00

Paper F7

Financial Reporting

This ACCA Study Text for Paper F7 Financial Reporting has been comprehensively reviewed by the ACCA examining team. This review guarantees appropriate depth and breadth of content and comprehensive syllabus coverage.

In addition to ACCA examining team reviewed material you get:

A user-friendly format for easy navigation Exam focus points describing what the examining team will want you to do Regular Fast Forward summaries emphasising the key points in each chapter Questions and quick quizzes to test your understanding A practice question bank containing exam- standard questions with answers A full index All you need in one book

ACCA approved content providerBPP Learning Media is dedicated to supporting aspiring business professionals with top-quality learning material as they study for demanding professional exams, often whilst working full time. BPP Learning Medias commitment to student success is shown by our record of quality, innovation and market leadership in paper-based and e-learning materials. BPP Learning Medias study materials are written by professionally qualified specialists who know from personal experience the importance of top-quality materials for exam success.

Financial Reporting S

tudy TextA

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A F7

For exams in Septem

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, Decem

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16, M

arch 2017 and June 20

17

Paper F7Financial Reporting

For exams in September 2016, December 2016, March 2017 and June 2017

ACCA ApprovedStudy Text

ACF7ST16 (RICOH).indd 1-3 08/02/2016 11:05

File Attachment9781472746665.jpg

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S T U D Y

T E X T

PAPER F7 FINANCIAL REPORTING

BPP Learning Media is an ACCA Approved Content Provider. This means we work closely with ACCA to ensure this Study Text contains the information you need to pass your exam.

In this Study Text, which has been reviewed by the ACCA examination team, we:

Highlight the most important elements in the syllabus and the key skills you need

Signpost how each chapter links to the syllabus and the study guide

Provide lots of exam focus points demonstrating what is expected of you in the exam

Emphasise key points in regular fast forward summaries

Test your knowledge in quick quizzes

Examine your understanding in our practice question bank

Reference all the important topics in our full index

BPP's Practice & Revision Kit product also supports this paper.

FOR EXAMS IN SEPTEMBER 2016, DECEMBER 2016, MARCH 2017 AND JUNE 2017

ii ii

First edition 2007 Ninth edition February 2016

ISBN 9781 4727 4424 1 (Previous ISBN 9781 4727 2676 6) e-ISBN 9781 4727 4666 5

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We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The suggested solutions in the practice answer bank have been prepared by BPP Learning Media Ltd, unless otherwise stated.

BPP Learning Media is grateful to the IASB for permission to reproduce extracts from the International Financial Reporting Standards including all International Accounting Standards, SIC and IFRIC Interpretations (the Standards). The Standards together with their accompanying documents are issued by:

The International Accounting Standards Board (IASB) 30 Cannon Street, London, EC4M 6XH, United Kingdom. Email: info@ifrs.org Web: www.ifrs.org

Disclaimer: The IASB, the International Financial Reporting Standards (IFRS) Foundation, the authors and the publishers do not accept responsibility for any loss caused by acting or refraining from acting in reliance on the material in this publication, whether such loss is caused by negligence or otherwise to the maximum extent permitted by law.

BPP Learning Media Ltd 2016

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iii

Contents Page

Introduction Helping you to pass .......................................................................................................................................................... v Studying F7 .................................................................................................................................................................... vii The exam paper....................