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I need the P5 mock. Please send it to stephen.amegashie@yahoo.co.uk. Thanks in advance
You are right. They posted it earlier, then took it off in the name of reorganisation of the website but after I have complained to them they brought it back. So the December 2011 answers are now there.
The experts say the right strategy is question practice. Use any of the past questions or revision kit, attempt the questions and look up the answers see how you are faring.
Format completely changed. You cannot easily get the question requirements. You have to finish reading a long passage before knowing what to do. Not the best of styles. Someone must bring the examiner to order.
The ISRS-4400 ‘Engagements to Perform Agreed-upon Procedures Regarding Financial Information’ is part of the examinable documents for the June 2011 exams
Examples of changes in accounting policy- A REAL
A- Asset measurement changed from depreciated historic cost to revaluation
R- Revenue recognition policy is changed
E- Expenses reclassified from cost of sales to administrative
L- Legislation
Examples of changes in accounting estimates- PUB
P- Provisions for warranty obligations
U- Useful lives of property, plant and equipment
B- Bad debts
Please remember changes in accounting policy should be applied retrospectively while those of estimates should be applied prospectively.Examples of changes in accounting policy- A REAL
A- Asset measurement changed from depreciated historic cost to revaluation
R- Revenue recognition policy is changed
E- Expenses reclassified from cost of sales to administrative
L- Legislation
Examples of changes in accounting estimates- PUB
P- Provisions for warranty obligations
U- Useful lives of property, plant and equipment
B- Bad debts
Please remember changes in accounting policy should be applied retrospectively while those of estimates should be applied prospectively.