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Hi all,
Made the rookie mistake of not reading requirements of P7 before attempting P2.
How feasible is it to learn the IFRS from this list , and how detailed should my knowledge of it be?
Would I just need to know the fundamental concepts of it or some further depth of application?
Appreciate any help.
Thanks
For P2 you will need a detailed knowledge of all the relevant knowledge and apply that to the scenario.
Its helps throughout the paper, but the biggest tip I give for section B questions, is that most likely the application of the standard in the scenario you are given is wrong (Most of the time it is)
– so disagree with the treatment and then state how it should be treated.
I hope this helps
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