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Changes in December 2015 session

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Changes in December 2015 session

  • This topic has 8 replies, 3 voices, and was last updated 10 years ago by AvatarMikeLittle.
Viewing 9 posts - 1 through 9 (of 9 total)
  • Author
    Posts
  • September 2, 2015 at 12:35 pm #269567
    AvatarRizwan
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    is there any changes for December 2015 exam session compared to June 2015..for F7 nd F5..as am using Kaplan text for F7 which is dated til August 2015..So should I need to replace with a new one or is the same text used for june 2015 enough.

    September 2, 2015 at 5:25 pm #269596
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    You need to brush up on IFRS 15 which probably isn’t in the Kaplan August text but it IS in the December syllabus. There’s an IFRS 15 chapter in the free course notes that you’ll find on this site

    IAS 11 and IAS 18 are now out of the syllabus but the chapter headed IAS 11 is still relevant as it demonstrates the calculations to be used for finding the figures in the context of contracts with customers

    Other than that, changes in the syllabus are pretty cosmetic

    September 6, 2015 at 6:14 am #270018
    AvatarJeffrey
    Participant
    • Topics: 0
    • Replies: 7
    • ☆

    G’day Mike,

    How able IAS 39 VS IFRS 9? Is both standard still applicable in this Dec’15 Exam?

    September 6, 2015 at 6:14 am #270019
    AvatarJeffrey
    Participant
    • Topics: 0
    • Replies: 7
    • ☆

    G’day Mike,

    How about IAS 39 VS IFRS 9? Is both standard still applicable in this Dec’15 Exam?

    September 6, 2015 at 8:58 am #270024
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    IAS 39 is now no longer in force and is, therefore, no longer in your syllabus (with effect from September 2015)

    September 6, 2015 at 9:38 am #270031
    AvatarJeffrey
    Participant
    • Topics: 0
    • Replies: 7
    • ☆

    Thank you so much Mike!

    May I seek you advise on how to recognize and measure for “Available-For-Sale Financial Asset” under IFRS 9 if it is examinable for F7 Dec’15 exam?

    September 6, 2015 at 9:57 am #270034
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    The classification of “available for sale” that was in IAS 39 has been dropped as a classification in IFRS 9

    There’s no such animal now! They’re extinct!

    September 6, 2015 at 10:27 am #270039
    AvatarJeffrey
    Participant
    • Topics: 0
    • Replies: 7
    • ☆

    G’day Mike,

    Well understood and my understanding Is clearer after your advise.
    Thank you so much.

    Preferably if there’s any material/article related to this, appreciate your sharing. (in term of F7 Examination)

    Once again, Thank you for your kind guidance.

    September 6, 2015 at 5:26 pm #270110
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Put “IFRS 9” into your search box and click on the “iasplus” option

    That should help at this late stage

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