Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Define a Business(IFRS Board’s proposed amendment )
- This topic has 5 replies, 2 voices, and was last updated 4 years ago by Stephen Widberg.
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- December 2, 2020 at 4:39 am #597316
please sir,
sep 2018 no1 (b)
Clearly half of the que: but conflict at next half of the que.
Whether the IFRs board’s proposed amendment define of a business would revise your conclusion?
This part feeling confused to me whether it is business or asset acquired.
Please little explain for me sir
Thanks.December 2, 2020 at 1:30 pm #597387As there is really a single asset and no staff – more likely to be an asset purchase than a business purchase.
December 4, 2020 at 3:05 am #597575Yeah thanks sir
First part of the que is business purchase and the second part of the que is asset purchase when ifrs amend?
Hoping…December 4, 2020 at 5:44 pm #597658I think they are asking you to assess whether you think the transaction is a business or an asset purchase. Obviously you get credit for your argument – these questions are not always ‘right’ or ‘wrong’.
From your last post I am confused – it’s just one transaction. Is that not how you are reading it?
December 7, 2020 at 10:30 am #598011yeah thanks sir
December 8, 2020 at 11:15 am #598376My pleasure
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