Hi Mike,
Can you tell me if it is ok to use abbreviation in P7?
For instance 'Statement of financial position' would be SOFP etc
I really struggle to write quick even though I'm keeping my answers short and to the point (Where I can) and at 1.3 mins a mark. So where I am saying something is material to the SOFP for example, takes a lot longer writing out the whole thing.
Thanks in advance
Ask the Tutor ACCA AAA
Abbreviation in exam
13y ago#1Hi
Why not try this? "The item is clearly material to the Statement of Financial Position ( SoFP ) ...."
And then, next time you want to refer to the SoFP, you can refer to it as ......................( wait for it ) ........................."SoFP"
The same with IAS / ISA / IFRS
But, if you are really, really pushed for time ( or think you will be ) then just go straight in with SoFP
What is this exam? A test on your ability to write document titles out in full or a test of your deeper appreciation of the wonderful World of auditing?
Yes, go ahead and use the abbreviations - so long as they are clearly understandable. For example, it would not be acceptable for you to use "aawn-ohehob"
( An abbreviation which no-one has ever heard of before )
DTH?
Very well answered and explained........ though not many people heard of DTH? !!!
I presume it means "Does this help"?
13y ago#3That's exactly the point - some abbreviations are so every-day that they represent no problem when using them ( DHL carriers, OMG, etc ) but some need an introduction as illustrated in my earlier post.
13y ago#4That's exactly the point - some abbreviations are so every-day that they represent no problem when using them ( DHL carriers, OMG, etc ) but some need an introduction as illustrated in my earlier post.
Sign into reply to this topic.