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Criticisms of Standards – SBL

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Criticisms of Standards – SBL

  • This topic has 6 replies, 3 voices, and was last updated 6 months ago by Stephen Widberg.
Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • October 19, 2024 at 2:25 pm #712555
    Ayngary
    Participant
    • Topics: 19
    • Replies: 10
    • ☆

    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 #712572
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3396
    • ☆☆☆☆☆

    Syllabus 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 #712576
    Ayngary
    Participant
    • Topics: 19
    • Replies: 10
    • ☆

    Thank 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 #712629
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3396
    • ☆☆☆☆☆

    There 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 #712861
    Ayngary
    Participant
    • Topics: 19
    • Replies: 10
    • ☆

    Thank 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 #712862
    barbjohn
    Participant
    • Topics: 0
    • Replies: 48
    • ☆

    Sir, 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 #712863
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3396
    • ☆☆☆☆☆

    You 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.

  • Author
    Posts
Viewing 7 posts - 1 through 7 (of 7 total)
  • The topic ‘Criticisms of Standards – SBL’ is closed to new replies.

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