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Dear Tutor,
Kindly advise which accounting standards are examinable under P7 syllabus
Hello,
I’m not a tutor but can confirm that every standard you studied in p2 will be examined. There was no ias 11 and 33 in p2 but questions have been set on these too.
They won’t be examined in depth, but there will be some complexity like knowing the criteria for held for sale/ development expense, calculating depreciation, among others
To address the tutor, post on Ask p7 tutor forums
The list of examinable standards from P2 is here:
At P7, they are only examinable to the extent of IAS/IFRS standards, so you don’t need to worry about the ‘other documents’ section at the bottom of the list.
Something to note though if you passed P2 a year or so ago is that IAS 11 – contracts & IAS 18 – Revenue Recognition, have been superseded by IFRS15, which basically rolls the two into one standard and that is now examinable.
There’s also IAS 41 – Agriculture, which is now examinable at P2, and therefore examinable at P7 as well now.
So both of those need to be swotted up on.
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