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help! i just realised i admitted myself for the f7 uk variant instead of INT , been studying the int syllabus all this time and when calling ACCA they said its too late to change it, can anyone advise me of the major differences between the two?? im so scared that i wasted my time and do not want to fail at all!! any response will be much appreciated! thanks in advance
UK variant – there are additional chapters in the book (I am sure about Kaplan). Each chapter at the end has a part about how UK GAAP differ. There are no many differences, but…still enough. Also the differences will be for around 10-15 marks. Most of the exam will be INT anyway. Try this link, but I am not sure if everything is up to date there:
https://www.hounslowhomes.org.uk/impact_of_public_sector_move_to_ifrs_02.09_-_appendix_1.pdf
Where are you from?
There is also link from ACCA web re: IFRS vs UK GAAP
thanks pannanikt for all your help ! im from london. i guess im going to cross refer and take it from there, i just didnt want to waste my time studying for the wrong thing if it was entirely diff ,
thank you soo much !
If you are from London – I would just buy a book either from Kaplan or BPP(maybe used on amazon or e-bay).You could buy just on-line book for this – is cheaper I think. There are just additional pages after each chapter. The questions for UK are not very difficult. Usually there is one requirement to describe how presentation of such transaction would differ if it was under UK GAAP. There would not be a lot of computation involved. May be some, but not a lot. For example when i sat F7 there was only one question re: assets held for sale – how it would be presented under IFRS and UK GAAP.
when i looked at the bpp f7 book they said the book is standard for both variants and they have a supplement ( which is free) for this doing uk . do you think its enough if i just use standard book and read the difference using the supplement after? i see that cash flow is a diff format though!
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