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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › How to write if not remember full name and number of accounting standard
Dear Sir,
In case I can not remember the full name and number of accounting standard in SBR exam, can I write as bellow ?
Relevant accounting standard on PPE ( instead of IAS16 Property, Plant and Equipment) requires the useful life of an asset to be reviewed at least each financial year end.
Relevant accounting standard on revenue (instead of IFRS15 Revenue from contracts with customer) requires the entity to identify the performance obligations in a contract.
Thank you.
That’s fine. I actually fine standard numbers irritating.
You just need to write the correct rule. No need to say it’s from a standard!
EG INVENTORY MUST BE AT LOWER OF COST AND NET REALISABLE VALUE.