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Hi,
its basically the standard used to recognise asset under lease.
https://www.iasplus.com/en/standards/ifrs/ifrs-16
have a read on the above link. hope it helps.
I am one of those ppl who is doing p7 before p2. I do second both kyler and sssymba on doing p2 first. However, as im already one foot into it, im just hoping for the best. Sitting for the exam tomorrow. Wish me luck!
Same here. trying to beat the nerves, taking it slowly since the exam is tomorrow. not trying to stress myself. Best of luck to everyone!
Cant help but to comment on this thread. So much confusion, for me.
How I understand the nature between the two is this.
1) EOM is related to the opinion expressed by the auditor for the audited account.
2) KAM is required to be included in the audited report for a public entity, regardless of the opinion expressed by the auditor.
If you talk about similarity between this two, its simply highlighting the risk of the business to the user of the account.
Am i wrong?
How about attempting past year papers? i find the best practise is to practise answering the question from past years in an exam setting condition i.e time yourself.
I normally start off with the question i am confident with first. i don’t see the need to leave any blank pages. Are we required to do that?
following this thread.