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Hi Dear Mike,
How could I prepare for the UK bit.
I know 90 or 95% of the syllabus is similar to International but the remaining 10-5% (UK bit)
is bothering me. Please help me to prepare for it.
What’s included in the UK bit?
Many Thanks
Ani
The difference between UK and International is due to the failure of the UK fully to adopt the IFRSs
If you were to get hold of a P2 (yes, P2) revision kit by a reputable publisher you would see, probably at the back of the material, around 10 or so ‘alternative’ answers based on the UK’s FRSs
So far as I am aware, there is not a great deal of difference – that you could determine for yourself by comparing P2 or P7 printed solutions for the 2 variants for a recent past exam
Is there any reason why you think that UK may be a preferable choice?
Are you hedging your bets so that, should you wish at some time in the future to carry on as an accountant / auditor in the UK, you will at least not be barred because you didn’t have a UK P7 success?
Or is it in the mistaken belief that the UK variant is noticeably easier?
It isn’t!
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