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FINANCIAL ACCOUNTING & CORPORATE REPORTING

1ST ATTEMPT STUDENTS
PATTERN 10/11 MCQS - MARKS 2 EACH
14-17 MTQS - 3 TO 5 MARKS
6/7 DESCRIPTIVE - 3 TO 5 MARKS

LECTURES UMER MUNIR ( SESSION 2021 )

BOOKS ACCA F 7 ( KAPLAN )

ICMA STUDY TEXT ( THEORY )
KASHIF ADEEL NOTES ( HIGHLY RECOMMENDED )

PRACTICE ACCA F 7 KIT ( KAPLAN )

ACCA F 7 KIT ( BBP ) ( EXTRA )
ICAP FAR - 1
ICMA STUDY TEXT EXAMPLES & REVIEW QUESTIONS

DESCRIPTIVE QUESTIONS TESTED IN ICMA CBE

Q1 List factors for the impairment of financial asset ?
What is the impact of technological advancement on non current
Q2
assets and company report in financial statement ?
Q3 What are the damages that impact assets ?
Situations in which there are changes in deffered tax asset and
Q4 liability even if there are no changes in taxable temporary difference
?
Q5 Limitations of retrospective change ?
Explain how the terms Provision & Contigent liability can distinguish
Q6
from each other ?
Q7 Intangible assets are revalued upwards or not ? Explain ?
What are the reasons of presenting discontinued operations
Q8
separately in financial statements ?
Q9 Criteria for the non current assets held for sale ?
Q10 Ways to reduce taxable profits ?
Q11 Define Financial asset , liability and equity instrument ?
Q12
What are the reasons of temporary differences ? Give 3 reasons ?

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 Q13 Factor that effect the calculation of Value in use of assets ?
Q14 Define operating segment as per IFRS 8 ?
Q15 Factor used to determine the life of intangible assets ?
Q16 Limitations of accounting policy as per IAS 8 ?
Q17 Disclosure requirements of piror period error ?
Q18 IAS 24 disclosure requirements ?
Q19 IAS 38 disclosure requirements ?

IMPORTANT TOPICS FOR 4-5 MARKS MTQs

IFRS 9 FINANCIAL INSTRUMENTS
IFRS 10 CONSOLIDATION
IAS 7 CASHFLOWS
IAS 16 PPE

MOSTLY EXAM TEST STANDARDS

IAS 2
IAS 7
IAS 40 / 16
IFRS 2
IFRS 9
IFRS 10

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SOLIVAGANT ( CMA - FINALIST ) 0316 1699869