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hii guyyss anyy prediction on the questions in the upcoming exam in December
also due diligence and going concern questions came as full questions in section B in the previous sitting, im thinking of not going through revising it as high chances of it not coming in this sitting, is it okay to do so ?
also best of luckk to all sitting for exams this December
Hello even me Iam here to look for the tips…the examiner had said to be conversant with all new IFRS I guess Leases are now in effect we need to know them,Revenue Regonition now IFRS 15
Don’t forget that the examiner has kindly published/updated 3 articles recently. I would recommend reading them in detail.
Evaluation of misstatements
https://www.accaglobal.com/uk/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/misstatements.htmlExam technique for Advanced Audit and Assurance: part 1 – ethics
https://www.accaglobal.com/uk/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/exam-tech1.htmlExam technique for Advanced Audit and Assurance: part 2 – risk
https://www.accaglobal.com/uk/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/exam-tech2.htmlIf due diligence came up as a full question last sitting (I wouldn’t know as tomorrow will be my first attempt), I would assume that it will only come up as a small requirement at most this time around. So I would still suggest having a look through it to refresh your knowledge of it, but I imagine it wouldn’t be the end of the world if you didn’t.
For me, due diligence is something I cannot wrap my head around so I am very pleased to hear that it was examined thoroughly in September! Hopefully it won’t crop up this time.
I have also heard that NOCLAR was examined in September, so I would imagine that knowledge of it will not be too important for December.
IFRS16 Leases is obviously a new standard, I would bet my life that it will appear in some form this time. Thankfully the standard is not too dissimilar from the standard it replaced, so understanding it should be relatively simple.
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