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hi ,
sir can we use this lectures for sep 2019 exam
hey is the lectures updated for september2019-june20?
In ref to the question is option A the duty of the IASB as per chapter 1 the second bullet point that states “provide guidance on areas where no standards exists”
In example 1, The answer being option A.
The duty of IFRSIC is, To provide guidance on FR issues “not specifically addressed in IFRSs” .
So whose duty is it when the FR issues are specifically addressed in IFRSs?
Hi,
If it is specifically addressed then it has been covered in the accounting standard itself, and will therefore have been dealt with by the IASB who have prepared the accounting standard.
Thanks
Hi,
I’ll make sure that it is updated for the March/June 2019 edition of the class notes. We must have accidentally deleted it sorry.
Thanks
Hi Sir,
IS this lecture from the old Opentuition Study text? Example 2 is not included in the Sept-Dec/18 study text.