accaf7双语教材.doc

Course Notes
ACCA Paper F7
Financial Reporting
From June 2016
Tutor details
J A N U A R Y 2 0 1 6 R E L E A S E
ii Introduction ACCA F7
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iii
ACCA F7 Introduction
Contents

Page
Introduction i
Contents iii
An introduction to paper F7 Financial Reporting vi
Exam format vi
1: An introduction to Group Accounts 1
Study planner vii
Definition of a group 1
Group financial statements 2
Chapter 1: Home study 11
Recording the investment in the subsidiary 11
2: More Group Accounts 15
Gain on a bargain purchase 11
Fair values 15
Intra group trading 16
Non‐controlling interest and goodwill at full or fair value 18
A more detailed look at Goodwill 26
3: Consolidated statement of profit or loss and prehensive e 29
Mid‐year acquisitions 27
Introduction 29
Mid‐year acquisitions 32
4: Accounting for associates 35
Uneven accrual of profit 33
Definition of associate 35
Accounting treatment 35
5: Interpreting financial statements 41
Additional PUP adjustments for practice 40
Introduction 41
Question scenarios 42
Other aspects of interpretation 43
The key ratios 43
6: Statement of cash flows 49
Specialised, not‐for‐profit and public sector entities 48
Introduction 49
Definitions 50
Pro forma statement of cash flows – indirect method 50
Preparing a statement of cash flows – indirect method 51
Direct method 59
iv Introduction ACCA F7
7: The conceptual and regulatory framework for financial reporting 61
Introduction 61
The IASB’s Conceptual Framework 62
Specialised, not‐for‐profit and public sector entities 65