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Hi could anybody give me any pointers on what standards should have been applied to this question please? I struggled with it! I
I listed IFRS 13 for part a, IFRS 3 for part b and IAS 38 and 36 for part c
I listed the same as well, couldn’t think of anything else.
Ah, I may have got a couple of marks then, I did write about intangible and impairment for C!
Yes I wrote the same as well intangible and impairment so fingers crossed!
How did you find the exam though?
Not too bad, I’d practiced disposal of subsidary interest to an associate SPLOCI over the weekend so actually manage to compete that, the written part I managed to get a few point written for each. Q2 I think I answered not too bad (foreign currency, intangible/impairment and related parties, but I really stumbled on 3.
Was expecting an Income statement this sitting so attempted most workings in q1 but don’t know if they will help me pass this exam.
Did q2 struggled with some bits and q3 was better for me so to be honest don’t really know if what I wrote is enough as I tended to address the scenario more and used a bit of I thought was the standard being asked!
3c the criteria for development cost to be capitalized?