F7: Financial Reporting


The ACCA F7 Financial Reporting paper is on the skills papers in the fundamentals level of the ACCA qualification. You’ll need to understand and develop knowledge of accounting standards and the conceptual framework for financial reporting.

Below are host of resources, exam tips and advice on how to the pass the F7 Financial Reporting paper first time. But first here is an overview of the syllabus content.

  • The conceptual regulatory framework for financial reporting.
  • Financial statements accounting transactions
  • Preparation of financial statements
  • Analysing and interpreting financial statements.

You can find the full F7 syllabus and study guide from ACCA here.

Free Online ACCA Study Texts

ACCA students who are looking for FREE resources can access the study text for the F7 Financial Reporting paper here.

Astranti offer all of their members a free copy of their study text for all levels of the ACCA qualification. It’s a great way to compliment your existing materials or for students who are financing their own studies, you can use it as the platform for your ACCA studies.

How to pass F7 Financial Reporting

Cash flows are one of the toughest areas of the F7 Financial Reporting paper and you will need a full understand on how they work, how to interprete them and use the correct technique in the exam to ensure your pass first time.

Below is a 25 minute video from BPP explaining how to approach this demanding subject.

ACCA Master Classes

Once you have covered the syllabus content you will need to find a way to revise and consolidate all of the information you have learnt so far. And these revision classes are an ideal way to prepare yourself for the upcoming exam.

Astranti are holding master classes for the financial reporting paper and it will be packed full of exam tips, full syllabus coverage, exam approach and how to score easy marks quickly.

The masterclasses are spread over two days and will contain over 10 hours of learning material. If you have missed the live session you can still access the recorded sessions and go over the materials.

You can find out more information about the ACCA Live Online Masterclasses here.

Here is what you can expect:

  • The specialist ACCA tutor will guide you through the most examinable topics.
  • There is a specific focus on difficult past questions ensuring you are ready for whatever the exam has in store.
  • It will include how to improve your exam technique, which can score you those all important extra marks in the exam.
  • Interactive questions and answers session with the tutor.

F7 Mock Exams

Having the knowledge and technical theory behind the F7 Financial Reporting paper is one thing, but taking mock exams and getting feedback from a professional tutor will put you on the right path for success.

Generally speaking, the biggest difference between passing and failing exams is down to practicing technique and getting feedback on how you fared when taking mock exams.

Astranti offer past exam papers for F7 Financial Reporting with marking and detailed feedback to see where you went wrong.

You can find out more about the ACCA mock exam marking and feedback here.

The ACCA also provide plenty of mock exam resources for the F7 Financial Reporting paper here.

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