To develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups, and how to analyse and interpret those financial statements.
The F7 examination has undergone significant changes, with a new format for the examination applicable from the December 2014 exam session. Although the knowledge that you need to pass F7 remains the same, the way it is being examined is changing.
Details of the new structure can be found in the Syllabus and Study Guide
A Specimen Exam has also been produced to help you prepare for these format changes and these can be found by accessing the December 2014 Specimen Exams section.
Find out more about the changes to the F7 exam format, and how you can use ACCA resources to help you prepare for the exam, in this video from ACCA Learning Support Manager, Lucy Moore. Watch our exam changes video