Conceptual Framework and Exposure Draft

This topic has 2 replies, 3 voices, and was last updated 6 years ago by Felix.

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September 4, 2019 at 7:53 pm #544885

antsam31
Member

I am noticing that in some questions on conceptual framework, the examiner asks to make reference to exposure draft. are there any summaries of these exposure drafts since the one i found is so lengthy and how do i know that it will be relevant for the exam.

thanks

AM

September 5, 2019 at 8:43 am #545033

Kim Smith
Keymaster

You should have a copy of the list of exam docs relevant to the exam session https://www.accaglobal.com/lk/en/student/exam-support-resources/professional-exams-study-resources/strategic-business-reporting/examinable-documents.html

Conceptual Framework for Financial Reporting (Conceptual Framework) was published in March 2018 and is the examinable document. This supersedes the exposure draft (questions about which are now technically obsolete).

September 5, 2019 at 1:35 pm #545092

Felix
Participant

So conceptual framework 2018 revised is in today’s exam, e.g., accounting policy and faithful representation & comparability.

Deferred tax, employee benefit and share based payment concepts are all in today’s exam.
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