- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
PQ Awards Nominations
Please help us to win one of the PQ Magazine awards and send in the voting form >>
You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year.
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › business definitions
sir there are two definitions of business:
“business is an integrated set of activities and assets, conducted and managed for providing a return.”
“business is set of inputs and processes, which when applied to inputs are capable of producing outputs”
now is there any guidance per se, as to in which type of questions we are are supposed to use the first definition of business and in which the second one?
Extensive guidance may be found here.
https://www.grantthornton.global/en/insights/articles/ifrs-3—definition-of-a-business/
For the exam, just learn the definition and use the data in the scenario