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- This topic has 6 replies, 3 voices, and was last updated 2 weeks ago by Stephen Widberg.
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- October 19, 2024 at 2:25 pm #712555
Hi Sir,
There are criticisms for most of the standards in SBL. Do we have to memorize them or will they question in the exam sir?October 20, 2024 at 1:41 pm #712572Syllabus requires a knowledge of deficiencies of accounting standards.
If examined, I would expect it to be a small part of a question.
Perhaps learn 2 per standard.
🙂
October 20, 2024 at 3:46 pm #712576Thank You Sir.
And also, I have the same issue with regard to the Disclosures of Standards.
It seems quite difficult to keep them in my head since there are multiple standards.
Could you please advise me in this regard on how it would be questioned in the exam sir?
October 22, 2024 at 1:40 pm #712629There are no marks for standard numbers – ever!!!!
Don’t learn them – total waste of time.
Just learn the rules.
🙂
October 26, 2024 at 6:45 am #712861Thank you so much sir!
I am very glad that I don’t have to memorize the disclosures of the standards.
October 26, 2024 at 7:13 am #712862Sir, I believe that Anygary was asking about the detail of matters that standards require to be disclosed rather than simply the title and number of the Standards.
I have the same problem in trying to memorise the detail of the required disclosures. Are we expected to know these or are they essentially a matter of common sense?
October 26, 2024 at 9:39 am #712863You need to know disclosures from the disclosure standards – RPT, operating segments, contingencies, subsequent events
But not necessary to learn detailed disclosures from, say, PPE, Investment Properties, Financial Instruments etc. What you must learn is the accounting treatments.
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