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There is this question Hapsburg. Its part b requirement is to explain the reasoning behind the use of equity accounting. I was just wondering if this is in the syllabus of F7 INT June 2012?
Secondly I am not able to open new video lectures on F7 questions. It gives some server error. What should I do?
re Hapsburg, yes, equity accounting is a major element of F7 – it’s the method of accounting applied to associated companies!
As for your server problems, post your problem separately addressed to admin – he’s the wizard who answers this type of problem
yeah i do know tht its a method of accounting applied to to associated companies….its just that the answer of this question is confusing me.. They have given reference of IAS 28 . Anyways thank you. Il try to understand it
A simple reference to IAS 28 shouldn’t be a problem – equity accounting has not changed as a result of the new IFRS. It really isn’t worth getting excited about exactly what number an IAS / IFRS is in any situation.
In addition, how could I have guessed from your original post that it wasn’t in fact the use of equity accounting which was bothering you – rather it was the reference to IAS 28?
Here’s the relevant bit of your original post! “Its part b requirement is to explain the reasoning behind the use of equity accounting. I was just wondering if this is in the syllabus of F7 INT June 2012?” Where is there any indication that your query was about IAS 28?
Nevertheless, it’s me that’s feeling guilty because I didn’t read into your post the actual question that you wanted to ask and, for that, I apologise
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