Contents 

 Page 

Finding questions 

Question index..................................................................................................................................................................v Topic index....................................................................................................................................................................viii 

Helping you with your revision .....................................................................................................................ix 

Revising P7 

Topics to revise.................................................................................................................................................................x Question practice..............................................................................................................................................................x Passing the P7 exam........................................................................................................................................................xi Exam information...........................................................................................................................................................xvi Examinable documents.................................................................................................................................................xvii Useful websites .............................................................................................................................................................xxi Analysis of past papers ................................................................................................................................................xxii 

Questions and answers 

Questions..........................................................................................................................................................................3 Answers..........................................................................................................................................................................81 

Exam practice 

Mock exam 1 

 Questions............................................................................................................................................................345 

 Plan of attack.......................................................................................................................................................353 

 Answers...............................................................................................................................................................354 Mock exam 2 

 Questions............................................................................................................................................................373 

 Plan of attack.......................................................................................................................................................381 

 Answers...............................................................................................................................................................382 Mock exam 3 (December 2013) 

 Questions............................................................................................................................................................405 

 Plan of attack.......................................................................................................................................................413 

 Answers...............................................................................................................................................................414 ACCA examiner's answers 

 June 2013............................................................................................................................................................439 

 December 2013...................................................................................................................................................455 

Review form 

 iii