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Hello,
Wanted to ask how much information and detail you would need to provide to get marks when discussing various accounting standards?
I.e. If the question is talking about goodwill impairment, is it sufficient to say “goodwill impairment testing should be done annually” etc, or do you have to refer to ias 37 and go into more detail as exam kits tend to do?
Thank you
If you want a tutor to answer please use the tutor forum.
You wouldn’t have to refer to IAS 36 or go into the amount of detail of published answers which are a revision aid for students and tutors.
If out-of-date impairment is a risk to be evaluated in Q1(a) – evaluation is worth up to 3 marks (usually) so there’s no time nor need to give lots of details.
See my response to similar question here (Q2) https://opentuition.com/topic/ryder-groupa/
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