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One quesrion

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › One quesrion

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by AvatarMikeLittle.
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    Posts
  • September 23, 2017 at 10:38 pm #408459
    Avatarjihun lee
    Member
    • Topics: 117
    • Replies: 51
    • ☆☆

    if im taking international variant for p7 paper, solving uk variant questions in the textbook wont help?

    September 24, 2017 at 9:00 am #408466
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    What’s the matter with yesterday’s answer to this (almost the) same question?

    Here it is again:

    “From what I understand, the questions are identical

    However, because the UK has not yet fully adopted IFRS, the UK answers are compliant with FRS in so far as UKGAAP differs from IFRS

    I’m a bit surprised that you have both UK and International answers within a single revision kit!

    Does that help?”

    Again, from my understanding, there is very little to choose between FRS and IFRS and the differences are being slowly eliminated

    However, it really depends what you mean in your post by the word “help”

    Solving UK auditing questions is hardly going to produce answers wildly different that if they were solved according to International rules

    And reading solutions is always helpful in establishing lay-outs, extent of content, presentation, abilities to concentrate effort into the mark-earning areas

    If you’re “solving uk variant questions” in an effort to memorise the answers, then you’re wasting your time and not maximising your chances of success in P7

    Does that help (this time!)?

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  • The topic ‘One quesrion’ is closed to new replies.

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