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I have been preparing for the INT variant for P2 and just realised that I actually registered for the UK variants.
Do I need to apply the FRS 102 in the question 1 or only when specifically asked for please?
Thank you
I have a question on this too as I see in my notes and the Kaplan exam kit that there is a section for UK GAAP focus. I entered for INT – does it mean you ignore this?
I think you don’t have to bother with UK GAAP Focus if you are sitting th INT variant.
@cjeffers said:
I have a question on this too as I see in my notes and the Kaplan exam kit that there is a section for UK GAAP focus. I entered for INT – does it mean you ignore this?Correct, don’t waste your time looking at it for the exam.
@naasowah said:
I have been preparing for the INT variant for P2 and just realised that I actually registered for the UK variants.Do I need to apply the FRS 102 in the question 1 or only when specifically asked for please?
Thank you
Hi,
You need to apply UK rules throughout the entire exam, but they aren’t too significantly different so I wouldn’t worry too much.
Thanks
If you look at the P2 Uk past question papers, they ask specific questions regarding different treatments using IFRS or FRS 102 (the uk IFRS equivalent).
I think in all the past questions I’ve seen, you apply the UKGAAP when specifically asked.
I hope so.
Thank youTo apply the UK GAAP thru out will be tough and means I’ve failed already as I hardly understand it as I do with the IFRSs
@naasowah said:
To apply the UK GAAP thru out will be tough and means I’ve failed already as I hardly understand it as I do with the IFRSsThere are very few differences between UK GAAP and IFRS so you could still pass the UK variant paper with your IFRS knowledge.
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