acca复习：consolidated financial statements

-Relevant to Paper F3

Exam tips

Remember that at Paper F3/FFA,despite the current exam format testing MCQ only,a good solid platform of understanding the principles of consolidation is required.

Although you are only being asked for extracts and calculations of typically one figure,learning standard consolidation workings can help with your exam approach.

Practicing full length consolidation questions will help you grasp a better understanding of consolidation.It is important to understand how each calculation fits into the consolidated financial statement,and this will also benefit your future studies when you revisit consolidation in your later Paper F7 and Paper P2 studies.

When answering MCQs,remember to:

• read the questions requirement carefully and understand what is being asked for

• think about relevant consolidation workings or extracts that may help you

• calculate what you think the correct figure is before you look at MCQ answer options–be careful not to let the distracters catch you out,so think carefully about your calculation

• re-read the question to ensure you understand it and check you are answering the question set if your initial calculation does not match any of the answer options.