F7 Financial Reporting Exam Tips for June 2009 F7 Exam Tips by LSBF (Francis Braganza) Question 1 Consolidated statement of financial position (balance sheet) or CIS (CPLA), with Associates. Written marks for International could cover examiner’s very important August 2008 article ie IFRS 3 (revised) Question 2 Published accounts preparation from TB or re-drafting Question 3 Statement of cash flow with some interpretation Questions 4 & 5 Standards such as leasing, contracts, deferred tax, financial instruments, impairment, EPS, etc. Study as many as you possibly can as standards can affect Q2 & 3 as well This exam consists entirely of compulsory questions; this makes question spotting particularly dangerous. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.