每次考试结束ACCA考官都会根据本次考试考生的总体表现情况写报告，具体分析学生在答题过程中出现的问题，总结学生在备考该科目时应该注意的事项，以下是2012年12月F7考官报告：
　　General Comments
　　I am pleased to report that candidates’ performance on this diet was much improved compared to recent diets with a pass rate of over 50%. The paper was regarded by most commentators as a fair test where a well-prepared candidate would readily succeed. There appeared to be very little evidence of time constraint problems. Maintaining the familiar trend, the best answered questions were the consolidation in question 1 and financial statements preparation in question 2. Question 3 on the calculation and analysis of ratios was more mixed, with candidates being weaker on the interpretation aspect. Answers to questions 4 and 5 (relating to the wider syllabus areas) were also mixed, reflecting whether candidates had studied the wider syllabus topics. There were many very good scripts scoring 70 and some really impressive answers scoring well into the 80s. As usual I have to report some examination technique issues almost all of which I have commented on in previous reports: Not reading the question properly was a problem, particularly in question 3 (b) where many candidates treated the ‘sector average’ ratios as being the previous year’s ratios of the company being appraised. Such a misreading rendered many of the points made by candidates meaningless. Several figures worth a high number of marks had no workings, making it impossible for markers to know how the figures have been derived. Thankfully this was only a minority of scripts but where this happens it is difficult to award marks.
　　Many answers were a repeat of rote learned material and not applied to the question asked. For example, question 3 (c) asked for the limitations of the usefulness of comparing a company’s own ratios with the 'sector averages'. Many, indeed most, answers to this were an iteration of the general limitations of ratio analysis and not those related specifically to a sector average comparison. Yet again poor handwriting was an important concern for many markers (particularly for the written elements); if markers cannot read what a candidate has written, no marks can be awarded. A lot a time is wasted by needless repetition of points and providing unnecessary numbered workings for the simplest of calculations/adjustments where inset figures would be quicker for candidates and easier for markers to assess. The format and style of the answers published on the ACCA website provides a useful guide as to the amount of detail required for a successful answer.
　　The composition and topics of the questions was such that on this diet there was very little difference between the International Paper (the primary paper) and all other variant papers, thus these comments generally apply to all streams.
 
　　Specific Comments
　　Question One
　　The main part of the question (part (b)) required the preparation of a consolidated income statement (statement of profit or loss) for a parent and a subsidiary that was acquired three months into the reporting year. This was preceded by the calculation of consolidated goodwill as at the date of acquisition and followed by a small written section testing how a fair value increase in leased property should be treated on acquisition together with any post-acquisition increase in its value. Further adjustments required the elimination of intra-group sales and unrealised profit (URP), impairment to goodwill and additional depreciation from the fair value adjustments. Most candidates scored very well on the calculation of the goodwill, many scored full marks. Where problems arose, they were mainly not discounting the deferred consideration (and consequently not charging an additional finance cost in the income statement (statement of profit or loss)), ignoring the non-controlling interest and not taking account of the pre-acquisition movement in profit since the beginning of the year. On this latter point a number of candidates took the retained earnings at the start of the year as being the year end retained earnings despite the fact that the start of the year date was typed in bold in the question. Also a significant number of candidates incorrectly included post - acquisition items (additional depreciation and URP) and omitted (or incorrectly signed) the contingent liability as a fair value adjustment in the calculation of goodwill. The main consolidation was also done well with the vast majority of candidates clearly having a good working knowledge of consolidation techniques. Though, as might be expected, it was the more complex aspects where errors occurred: - incorrect calculation of the URP and additional depreciation adjustments (particularly not time apportioning the depreciation)- not eliminating the dividend of the associate - time apportioning the investment income from the associate (the question stated this had been held for several years) - not time apportioning the additional finance cost or ignoring it altogether - not adjusting the non-controlling interest calculation for the additional depreciation and goodwill impairment Some candidates did not realise that the subsidiary’s results must be included on a time apportioned basis (i.e. for only nine months) and a small number of candidates continued to apply proportional consolidation to the subsidiary's results.
　　Several candidates wasted considerable time calculating the retained earnings and non-controlling interests as they would appear in the statement of financial position. The question did not require these items. The main source of problems in question 1 was part (c), the treatment of increases in the fair value of a subsidiary’s leased property on consolidation. The question asked how a fair value increase at the date of acquisition should be treated followed by the treatment of any subsequent increases. Bizarrely, a significant number of candidates thought this was a question about whether a lease was a finance lease or an operating lease. Others did not distinguish between pre-acquisition and post-acquisition increases. Most did identify that the fair value increase should be reflected in the carrying amount of property, plant and equipment and some referred to additional subsequent depreciation, but not many stated the effect on consolidated goodwill and that (where group policy requires) post-acquisition increases are reported in other comprehensive income (OCI), create a r*uation reserve and will impact on the non-controlling interest if the subsidiary is not wholly-owned. Despite the above errors there were many high marks for this question.
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