For F7 I would suggest getting to know the formats of the statements well. Writing the formats won't give you any additional points but you need them to make the correct calculations. Also, since the exam focuses on interpretation of the statements you would probably need to know the ratios, so that you can use them comfortably and at the same time being able to answer 'why?' are the ratios for the given periods different. Again, simply calculating the ratios is not the key to success. But you need them as the basis for your answer to the question: WHY is there the change and WHAT does it mean for the company. So, a lot of practice with the statements.
Hi Tiffany. I suggest you to practice Consolidation and Final Account Question a lot. This will help you to pass the exam of f7. On the other hand, the paper f5 is little technical and need more focus than F7 because this paper require to think logically and conceptual understanding. Do not panic in exam, i know the pressure but you have to remain calm and be positive. Try to complete all question in time and this will achieve by doing practice. Must read the answers of both papers, it will help you to understand the expression of answer and also the layout of answer.