[Jo]

@hollyqian said:
Government rate and official rate is just the scenario given in the question, the testing point is not here, just testing the monetary term as cash following closing rate, non Monetary follow transaction historical rate, everage rate is not used.

That was the testing point though…The question said “are they allowed to use govt rate rather than official rate, and are they allowed to use a govt rate average for p&l”?

[Jo]

@sarahm1497 said:
The questions in Section B were weird. Not the usual questions I practiced. Alot of it, I felt, was based around the topic of change in accounting policies and estimates? I don’t know. I found it really difficult.

I felt exactly the same!! Really really discursive rather than doing calculations and applying the standards. Barely answered any of Q2!!

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