Hi I am studying the Irish varient of P7 in December, however I am using the opentuition online notes for the International varient as my study material. Can you advise what are the differences I should look out for and how I should cover this material for my studies. Does the FRS's and IFRS's come into play also? Help and advise much appreciated.
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Differences in the Irish varient and International varient for P7
14y ago#1Omg! as they say these days! I have no idea - sorry :(
Have you maybe checked the syllabi side by side? Have you compared past examinations to see how closely they correlate?
You ask about IFRS - certainly Lisa's questions in the international varient (sic) expect a knowledge of IFRS. I imagine that Ireland ( like the UK ) has now caught up with the rest of Europe in terms of adopting the IFRSs - but I don't know.
Sorry not to be more help
Have you maybe checked the syllabi side by side? Have you compared past examinations to see how closely they correlate?
You ask about IFRS - certainly Lisa's questions in the international varient (sic) expect a knowledge of IFRS. I imagine that Ireland ( like the UK ) has now caught up with the rest of Europe in terms of adopting the IFRSs - but I don't know.
Sorry not to be more help
I did UK variant in June sitting just gone & its same as the Irish variant.
although UK hs nw adopted IFRS there are still some differences which is required as the examiner delibrately test your knowledge in those areas.
an example is that auditors in the UK are required to assess and report on directors report which is filed with FS as well as the auditable part of directors' remuneration which does nt apply to the INT standard.
also, the standards from P2 has some differences as well but majority is same with IFRS.
Administration, liquidation and insolvency is an additional topic for UK/Irish students which INT students do nt need to know.
would advice you use either BPP or Kaplan along side OT which tell you where there are differences.
thanks Osariemen
although UK hs nw adopted IFRS there are still some differences which is required as the examiner delibrately test your knowledge in those areas.
an example is that auditors in the UK are required to assess and report on directors report which is filed with FS as well as the auditable part of directors' remuneration which does nt apply to the INT standard.
also, the standards from P2 has some differences as well but majority is same with IFRS.
Administration, liquidation and insolvency is an additional topic for UK/Irish students which INT students do nt need to know.
would advice you use either BPP or Kaplan along side OT which tell you where there are differences.
thanks Osariemen
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