Learn or revise key terms and concepts for your F7 exams using OpenTuition interactive ACCA Flashcards
ACCA F7 flashcards – set 2
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wow, I’m new to these flashcards but I’ve found to be interesting and helpful.
OpenTuition, the best so far!!!!!
Can’t see anything in the flashcard. Is there any technical problem
try another browser or device..
i cant see the questions in flashcards whats the problem
Isn’t there a red rectangle at the top of the answer box that says “Click to view the question”
Have you tried that?
These flashcards are definitely helpful. Thanks
I think there is a mistake in set 2
for a change in accounting policy, shouldn’t the company being applying it retrospectively?
That’s what the answer says. It says, restate the figures brought forward ie apply the new policy to the figures brought forward and then apply the new policy forwards ie prospectively
Ok?
oh ok, uhm can u explain the difference between retrospective and prospective?
Retrospective means applying it backwards
Prospective means applying it into the future
what does pup stand for?
provision for unrealized profit !
Thank you. Saw it later