CIMA P7 - Financial accounting and tax principles
P7 builds on knowledge from papers C1 and C2 and introduces tax at a very basic level, not based on any tax regime. Financial reporting is a major part of the syllabus and is examined in a compulsory 30-mark question and a number of shorter questions. New financial reporting topics introduced at this level are construction contracts, financial instruments and leases.
It has four main sections:
- The principles of business taxation
- The principles of regulation of financial reporting
- Preparation of financial statements which conform with IFRS
- Managing short-term finance
Study Text
Price: £30.00
Suitable for: Nov 2008 exams
ISBN: 9780751752908
The study text concentrates on the key areas of the syllabus, taking into account the way in which topics are examined. The text has a step-by-step approach to producing financial statements and lots of exercises in which you can practice the workings. We guide you through the more problematic topics which can be brought into the preparation of single company financial statements, and give you plenty of examples.
Practice & Revision Kit
Price: £16.00
Suitable for: May and November 2008 exams
ISBN: 9780751751918
The most important factor in passing P7 will be lots of targeted question practice. The questions in our kit cover all areas of the P7 syllabus. The questions are laid out in sections which match the text chapters. All sections have past exam questions and some also have preparation questions which ease you into the topic. This helps you to organise your revision. You can review the text chapter, and then do the kit questions on that chapter. Our solutions are detailed and also give you advice on how to approach the question and how to get the easy marks.
Passcards
Price: £10.00
Suitable for: May and November 2008 exams
ISBN: 9780751752243
BPP Learning Media's passcards for P7 are an ideal revision tool. Like the Practice and revision kit, they are arranged in the same topic order as the text. Each topic is presented in self-contained cards giving you just the key facts that you must know. These key facts then act as a structure around which other information can be aligned, aiding your recall. Passcards give you the complete formats for the financial statements, including cash flow statements. When these formats become familiar you will be able to get them down quickly and easily in the exam and save valuable time.
i-Learn
Price: £40.00
Suitable for: Nov 2008 exams
ISBN: 9780751752625
The interactive i-Learn CD gives you a fresh look at the syllabus topics and reinforces your understanding. For instance, you can go through all the steps of producing financial statements and cash flows on screen. The program will prompt you and correct any mistakes as you go along. You will get plenty of practice at calculating ratios - all of which must be known for the exam. I-learn focuses on the basics and gets you through a large amount of material in a short amount of time. You can tackle it in modules or go straight through the whole programme.
i-Pass
Price: £30.00
Suitable for: Nov 2008 exams
ISBN: 9780751752762
The i-Pass CD for P7 has a set of questions for each major area of the syllabus. You can get lots of practice on those workings and calculations that you are likely to be doing in the exam, such as calculating the cost of a discount, calculating the EOQ and drafting sections of cash flow statements. You can also practice the workings needed for finance leases and construction contracts and use the Baumol and Miller-Orr cash management models. I-Pass also tests you on the main provisions of the accounting standards relevant to the P7 syllabus.
Success CD
Price: £15.00
Suitable for: May and November 2008 exams
ISBN: 9780751752380
The Success CD enables you to revise on the move. Here you get coverage of the syllabus from a tutor's perspective. We go over the issues involved in preparing financial statements and give you help on the trickier areas such as financial instruments and deferred tax. There is useful advice on dealing with tax topics, non-current assets and working capital issues.
