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Dear Sir/ Madam,
Kindly advise me that what are the IAS & IFRS applicable to the P7, and which are the most common ,important IFRS & IAS are tested in P7 exam
They are all available to be tested in P7 and I am unable to identify which of them (if any) is more important than any of the others. They are all important!
It’s bad news I’m afraid!
Here’s a quote from “examinable documents” from the P7 page:
“The accounting knowledge that is assumed for Paper P7 is the same as that examined in Paper P2. Therefore, candidates studying for Paper P7 should refer to the Accounting Standards listed under Paper P2.
NB P7 will only expect knowledge of accounting standards and financial reporting standards from P2. Knowledge of exposure drafts and discussion documents will not be expected”
So, it’s not all bad news after all – you don’t need to know anything about exposure drafts and discussion documents 🙂
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