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I’m reading the IFRS bounded volume there are lots of linkages b/w IFRS’s.. if i try to read from the start i see the refrences of other IAS’s/IFRS’s.. I want to know the roadmap for studying IFRS so that i may read in a flow..!
thanks- Topics: 3
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thank u ansi thank u… really helping tip
Hello Furqan,
I teach P2 and F7 Papers, and the thing I do with my students is always create sets and them tell them how a previous set relates to the new set we are about to study.
For instance, When you study IAS 16 PPE, you find that the Cost of the asset should include the dismantling, Restoration and decommissioning cost. IAS 16 also tell you that you have to find an estimate for this amount. IAS 37 deals with uncertain liabilities, So here you go a link b/w IAS 16 and IAS 37.
You don’t have to worry about the flow if you are starting with IAS and IFRS for the first time. Focus more on what the individual standard is about. The more in depth you go, you will start understanding links yourself.
Good Luck!
Ash- Topics: 3
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thank u ash
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