F7 EXAMINER'S REPORT - September
　　The examiner felt the performance at the first-ever September sitting was ‘generally good and encouraging’.
　　The report stresses that an appropriate level of workings supports good answers and allows markers to understand how answers have been arrived at – excessively long and absent workings do not allow that to happen.
　　There is concern that a significant number of candidates can’t distinguish between straight line (cost-based) and reducing balance (carrying amount-based) depreciation. It was emphasised that the question will always make clear which method is to be used (and if time apportionment is to be used).
　　Section B
　　Q1: Preparation of a statement of profit or loss and other comprehensive income and a statement of changes in equity for a single company using IFRS formats.
　　Q2: Two-part interpretation. Part (a) required candidates to calculate two specified ratios. Part (b) Candidates were asked to comment on the changes that had taken place during the second year.
　　Q3: Preparation of a consolidated stamen of financial position and a short separate written relating to an associate.