




版权说明:本文档由用户提供并上传,收益归属内容提供方,若内容存在侵权,请进行举报或认领
文档简介
1、整理ppt1ACCA Train-the-Trainers Conference 2012 2012, China F7 Financial Reporting 整理ppt21. Introduction 2. Syllabus3. Pass Rates4. Weakness of students5. How to Improve Candidates Performance6. Important TopicsCONTENTS整理ppt3Introduction整理ppt4Introduction to the PaperAim of PaperTo develop knowledge a
2、nd skills in :vunderstanding and applying accounting standards vtheoretical framework in the preparation of financial statements of entities, including groupsvhow to analyse and interpret those financial statements 整理ppt5Introduction to the PaperMAIN CAPABILITIES On successful completion of this pap
3、er candidates A Discuss and apply a conceptual framework for financial reportingB Discuss a regulatory framework for financial reportingC Prepare and present financial statements which conform with International accounting standardsD Account for business combinations in accordance with International
4、 accounting standards E Analyse and interpret financial statements. 整理ppt6Links to other papersIntroduction to the Paper整理ppt7Syllabus整理ppt8Syllabus整理ppt9SyllabusDetailed SyllabusA conceptual framework for financial reporting The need for conceptual frameworkUnderstandability, relevance, reliability
5、 and comparabilityRecognition and measurement The legal versus the commercial view Alternative models and practicesThe concept of faithful representation 整理ppt10SyllabusB. A regulatory framework for financial reporting Reasons for the existence of a regulatory frameworkThe standard setting processSp
6、ecialised, not-for-profit, and public sector entities Detailed Syllabus整理ppt11SyllabusC. Financial statements Statements of cash flowsTangible non-current assetsIntangible assetsInventory Financial assets & financial liabilitiesLeases Provisions, contingent liabilities and contingent assets Impa
7、irment of assets Taxation Regulatory requirements relating to the preparation of financial statementsReporting financial performanceDetailed Syllabus整理ppt12SyllabusD. Business combinations The concept and principles of a group The concept of consolidated financial statementsPreparation of consolidat
8、ed financial statements including an associate Detailed Syllabus整理ppt13SyllabusDetailed SyllabusE Analysing and interpreting financial statements Limitations of financial statementsCalculation and interpretation of accounting ratios and trends to address users and stakeholders needs Limitations of i
9、nterpretation techniquesSpecialised, not-for-profit, and public sector entities整理ppt14SyllabusExam formatAPPROACH TO EXAMINING THE SYLLABUS assessed by a three-hour paper-contains both computational and discursive elements.Question 1 v25 mark question vpreparation of group financial statements and/o
10、r extracts thereof, and vmay include a small discussion element. Computations will be designed to test the understanding of the principlesQuestion 2 v25 marksvreporting of non group financial statements. vInformation from the trial balance or restating draft financial statements整理ppt15SyllabusExam f
11、ormat (continued)Question 3v25 marks van appraisal of entitys performance vmay involve statement of cash flowsQuestion 4 and 5 vwill cover the remainder of the syllabus v15 and 10 marks respectively 整理ppt16Pass Rates整理ppt17Pass ratesDec 2010June 2011Dec 2011World Pass RateSunway-TESPass RateWorld Pa
12、ss RateSunway-TESPass RateWorld Pass RateSunway-TESPass Rate47%89%38%86%56%87%整理ppt18Weaknesses of Students整理ppt19Question One WEAKNESS:Technique is good, but not sure candidates understand why the standard working (should) give the correct answerMany INT candidates do not apply full goodwill method
13、 correctlyPost-acquisition change of NCI not well understood and often completely omitted in income statement questionsOther problem areas:- contingent and deferred consideration- confusion between pre and post-acquisition adjustments-calculation of group retained earnings often poorWritten sections
14、 often omitted or totally misunderstoodWeakness of students整理ppt20Question 2WEAKNESS: Many recently examined adjustments not done well:vdividend calculations wrongvpresentation of dividends :added the dividends to the administrative expenses vdeducted the dividends in the income statement rather tha
15、n in Statement of changes in equity.vdid not capitalise the future decontamination (environmental) costs.vfinance costs: many did not use the effective interest rateerror with deferred tax of charging the closing provision to the income statement rather than the movement in the provision. -revenue r
16、ecognition issues: deferred revenue relating to ongoing servicing, agency sales.- even simple deferred tax is poorly understood- much confusion over construction contracts- revaluations of non-current assets is examined in virtuallyevery paper, but it is still answered poorly:wrongly timed, not depr
17、eciating on remaining life, incorrect calculation of the gain整理ppt21Question 3vA good answer should look to see beyond the reported figures at what the underlying performance would have been. vLack of understanding of the definitions and meaning of some ratios, particularly return on capital employe
18、d and gearing (for example, using just the share capital as equity is not acceptable). vsaying a ratio had gone up or down amounted to interpretation it does not. vanswers that did not refer the events in scenario at all. vproduced a statement of cash flows as their answer to this question. This was
19、 a pointless exercise; it is not what was asked and gained no marks (even if it was correct). vQuestion would target certain cash flow classifications and specific ratios to prevent mechanical churn.vFull cash flow statements are generally well done, but the focused extracts less so. 整理ppt22Question
20、 4 and 5v practice of a significant number of candidates not attempting all questions, particularly questions 4 or 5 (and sometimes both).vSuggestion by the assistant accountant not addressed. vConfusion between the standards.vInability to apply definitions from the Framework and Standards整理ppt23 Qu
21、estion 4 and 5vInability to apply definitions from the Framework and Standards,vNot answering the the question asked. vNot able to link the questions 整理ppt24How to Improve Students Performance整理ppt25How to improve the students performancevDevelop an ability to apply accounting Standards to a specifi
22、c example or scenario.vBe prepared to criticise and correct accounting treatments suggested by management. It is unlikely that simply agreeing with them will earn many marks.vFocus on the questions requirementvPlanning and presentation of answers:-Sections of questions should be answered together (n
23、ot scattered through answer booklet)- referenced workings (although workings can be taken to excess which is time wasting)- handwriting must be legible; language must be intelligible整理ppt26How to improve the students performancevTry to emphasize an understanding of issues rather than rote learningvAlthough useful, cannot rely on mechanical answer techniquesvExam technique is useful, but not a substitute for knowledgevNot eff
温馨提示
- 1. 本站所有资源如无特殊说明,都需要本地电脑安装OFFICE2007和PDF阅读器。图纸软件为CAD,CAXA,PROE,UG,SolidWorks等.压缩文件请下载最新的WinRAR软件解压。
- 2. 本站的文档不包含任何第三方提供的附件图纸等,如果需要附件,请联系上传者。文件的所有权益归上传用户所有。
- 3. 本站RAR压缩包中若带图纸,网页内容里面会有图纸预览,若没有图纸预览就没有图纸。
- 4. 未经权益所有人同意不得将文件中的内容挪作商业或盈利用途。
- 5. 人人文库网仅提供信息存储空间,仅对用户上传内容的表现方式做保护处理,对用户上传分享的文档内容本身不做任何修改或编辑,并不能对任何下载内容负责。
- 6. 下载文件中如有侵权或不适当内容,请与我们联系,我们立即纠正。
- 7. 本站不保证下载资源的准确性、安全性和完整性, 同时也不承担用户因使用这些下载资源对自己和他人造成任何形式的伤害或损失。
最新文档
- 2025年萍乡市税务系统遴选面试真题附解析含答案
- 某智慧园区中心变电所运行维护服务竞标方案
- 鲁北监狱医用设备需求
- 老年人居家医疗服务试点工作方案 (一)
- 老年患者护理
- 老师的职业道德培训课件
- 2025年安全工作述职报告范本(六)
- 车棚钢结构焊接与质量检测服务合同
- 建筑工程采购合同施工进度与质量跟踪服务协议
- 老妖精消防视频课件
- 2025春季学期国开河南电大本科《行政管理理论与实践专题讲座》一平台无纸化考试(作业练习+我要考试)试题及答案
- 2025至2030中国大型啤酒厂产业运行态势与竞争格局研究报告
- 陕投(赣州)信丰能源发展集团有限公司招聘笔试题库2025
- 2025安徽安庆市桐城经开区建设投资集团有限公司招聘12人笔试参考题库附带答案详解
- 给水管道试压、冲洗消毒方案
- 临床危重患者院内转运最佳证据总结与临床应用经验分享
- 婴幼儿听说能力的综合培养方法
- 高速公路集中养护工作指南-地方标准编制说明
- 2025年湖北襄阳市检察机关-襄阳市城郊地区检察院招聘67人历年高频重点模拟试卷提升(共500题附带答案详解)
- eDNA技术监测陆地生物多样性:技术要点、难点与进展
- 湘教版(2024)七年级下册地理第八章 了解地区 复习课件
评论
0/150
提交评论