F7 Workbook Questions & Solutions

Jul 17, 2026

Uploaded by Oliver

ACCA F7 Financial Reporting workbook materials focused on group accounts and consolidated reporting. The content centers on a acquisition scenario where Almeria acquires 100% of Murcia for $300m, with the fair value of non-controlling interest (NCI) at acquisition given as 0. Required deliverable is preparation of the consolidated statement of financial position, supported by pro-forma consolidation workings including group structure, equity analysis, goodwill computation, NCI determination, and accumulated profits reconciliation.

LanguageEnglish

CategoryExam

FormatPDF

Pages247

Reading Time10 h 22 min

AccessFree to download

ACCA F7-Financial Reporting Workbook Group Accounts F7 Workbook Q & A [www.mapitaccountancy.com](www.mapitaccountancy.com) Illustration 1 | | Almeria | Murcia | | --- | --- | --- | | Non Current Assets | | | | Tangible | 100 | 100 | | Investment in Murcia | 300 | | | | | | | Current Assets | | | | Inventory | 40 | 200 | | Receivables | 60 | 100 | | Cash | 200 | 200 | | | 700 | 600 | | | | | | Ordinary Shares | 160 | 100 | | Accumulated Proﬁts | 240 | 200 | | Equity | 400 | 300 | | | | | | Non Current Liabilities | 100 | 200 | | Current Liabilities | 200 | 100 | | | 700 | 600 | Additional Information Almeria today acquired all the shares in Murcia for $300m. The Fair Value of the NCI at acquisition was 0. Required Prepare the consolidated statement of ﬁnancial position for the Almeria group F7 Workbook Q & A [www.mapitaccountancy.com](www.mapitaccountancy.com) Pro-Forma Working 1-Group Structure | Almeria | | --- | | | | Murcia | | Date Acquired | | | --- | --- | | Parent Share | | | NCI | | Working 2-Equity Table | | At Acquisition | At Year End | | --- | --- | --- | | Share Capital | | | | Accumulated Proﬁts | | | | | | | Working 3-Goodwill | | | | | --- | --- | --- | | Cost of Parent Investment | | | | Fair Value of NCI at acquisition | | | | Less net assets at acquisition (W2) | | | | | | | | Goodwill | | | F7 Workbook Q & A [www.mapitaccountancy.com](www.mapitaccountancy.com) Working 4-NCI | | | $ | | --- | --- | --- | | Fair Value of NCI at acquisition | | | | NCI% of Sub Post-Acq Proﬁts | | | | Value of NCI at Year End | | | Working 5-Accumulated Proﬁts | | $ | | --- | --- | | Parent’s Accumulated Proﬁts | | | Add: Parent % of the subsidiary’s post acquisition proﬁts | | | | | SFP for Almeria Group | | Almeria | Murcia | | Group | | --- | --- | --- | --- | --- | | Non Current Assets | | | | | | Goodwill | | | | | | Tangible | 100 | 100 | | | | Investment in Murcia | 300 | | | | | | | | | | | Current Assets | | | | | | Inventory | 40 | 200 | | | | Receivables | 60 | 100 | | | | Cash | 200 | 200 | | | | | 700 | 600 | | | | | | | | | | Ordinary Shares | 160 | 100 | | | | Accumulated Proﬁts | 240 | 200 | | | | Non Controlling Interest | | | | | | Equity | 400 | 300 | | | | | | | | | | Non Current Liabilities | 100 | 200 | | | | Current Liabilities | 200 | 100 | | | | | 700 | 600 | | | F7 Workbook Q & A [www.mapitaccountancy.com](www.mapitaccountancy.com) Solution Working 1-Group Structure | Almeria | | --- | | ↓ 100% | | Murcia | | Date Acquired | TODAY | | --- | --- | | Parent Share | 100% | | NCI | 0% | Working 2-Equity Table | | At Acquisition | At Year End | | --- | --- | --- | | Share Capital | 100 | 100 | | Accumulated Proﬁts | 200 | 200 | | | 300 | 300 | Working 3-Goodwill | | | | | --- | --- | --- | | Cost of Parent Investment | | 300 | | Fa

Jul 17, 2026

Uploaded by Oliver