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I’ve done your test (ACCA FR Chapter 1 IASB Conceptual Framework Questions) and got 1 answer wrong – the question was: which of the following is not a measurement basis of financial statements and the correct answer was “VALUE IN USE”.
I want to prove that I was right, because I searched it from 2020 Study text, here is the information:8 Measurement
A number of different measurement bases are used in financial statements. They include:
? Historical cost
? Value in use
? Fair value
? Current costSo if you haven’t renewed your question bank does it have any sense to take an exam from your tuition?
Congratulations on getting all the answers correct. The discrepancy has been noted for next updating of the practice tests.
As all our materials are provided for FREE, I suggest a little courtesy and understanding is called for here.
How rude are you ? Opentuition is probably one of the best resources out there. If you don’t want to use its up to you but to leave such a rude comment is uncalled for.
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