Are we required to memorize the definition of key terms(such as: residual value, carrying amount, goodwill and so on) in accordance to IFRS or IAS definition?
Ask the Tutor ACCA FR
F7 key terms
It's really quite unrealistic to see how this could be examined - it would be a waste of an mcq and it's certainly not material of the kind to be in a 15 mark question
Definitions such as these are, in real life, easily checked by opening a book or looking on the net and what's the ACCA looking for? Parrots?
Thanks a lot sir for your time
I have not seen any past paper questions which asked about the definition of key terms as well.
That's good!
Sign in to reply to this topic.