Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Old standards vs new
- This topic has 3 replies, 2 voices, and was last updated 8 years ago by P2-D2.
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- May 18, 2016 at 6:02 pm #315681
Hi Mike
IAS 19 for example was revised in 2011 i think. do we also need to learn the ias 19 prior to this revision in 2011?
do we need to know and learn the reasons why standards were revised and what were their application and treatments before any revision?
thanks
May 19, 2016 at 9:37 pm #315880Hi,
No, you only need to know the current standard since it was updated in 2011.
You’re welcome to look at the old version and look at the reasons why it changed but you won’t find it being examined.
Thanks
May 20, 2016 at 12:35 pm #316050thanks mike
so basically we dont need to learn anything on ias 39? ifrs 9 applied instead right?
for example here in technical article on hedging the writer has talked about the weaknesses of IAS 39 and how those weaknesses are addressed by the proposed changes issued by the IASB in September 2012. so we dont need to know about those weaknesses right?
apologies for regurgitating
May 22, 2016 at 12:57 pm #316385Hi,
If you look at the examinable documents list then you will see that IAS 39 is no longer included.
I wouldn’t worry about any weaknesses in the old standard.
Thanks
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