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IAS 11

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS 11

  • This topic has 5 replies, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • December 26, 2016 at 11:10 am #364456
    acca9
    Member
    • Topics: 68
    • Replies: 50
    • ☆☆

    From what i understand, IAS 11 is no longer in the syllabus.
    Is it necessary to listen to those lectures?
    Thanks in advance

    December 26, 2016 at 12:15 pm #364462
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    You are correct that the IAS 11 is no longer in existence (let alone is it excluded from the syllabus!)

    The lectures to which you refer show some of the tricks often involved in the calculations of attributable profits and are therefore of great value to you

    In answer to your question “Is it necessary to listen to those lectures?”, strictly, No, it is not necessary

    If you had asked instead “Is it advisable to listen to those lectures?” then the answer would have been Yes, it IS a good idea to watch and listen to those relevant lectures

    OK?

    December 26, 2016 at 12:21 pm #364464
    acca9
    Member
    • Topics: 68
    • Replies: 50
    • ☆☆

    I hear that, thank you!
    Is there any specific IAS that the calculations involved will help with?

    December 26, 2016 at 12:24 pm #364466
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Yes, the new IFRS on Revenue Recognition IFRS 15, the one that replaced IAS 11 and IAS 18

    December 26, 2016 at 12:25 pm #364467
    acca9
    Member
    • Topics: 68
    • Replies: 50
    • ☆☆

    Many thanks…

    December 26, 2016 at 12:33 pm #364470
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    You’re welcome

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