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F7 Key Topic Areas: Section A: 20 MCQs = 40 Marks · These could involve anything from EPS, Intangibles, Government Grant, Construction Contract, Revenue Recognition etc. The new standard this time is IAS 41 Agriculture. · Main things to focus on: - Application of a standard. - Theoretical rule about a standard. - Conceptual Framework. - Regulatory Framework. Section B: · Consolidation Question with a Sub and some inter group adjustments. · Published accounts for a single company with the traditional application of the standards including the SOCIE. · Cash-flow Statement. · Interpretations. · Alternatively a 15 mark question could also be on standards.