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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › IFRS 16 or IAS 17
Hello Sir Mike,
If any questions in Paper P7 is based on ‘Leases’, is it possible that we still write basing our answers from IAS 17 and not from IFRS 16 and obtain a reasonable marks?
Thank you for your valuable suggestions.
IAS 17 is no longer in the syllabus and, in fact, with effect from 1 January, 2019, it will no longer exist
Briefly, in answer to your question, no! It’s unlikely that you will score “a reasonable mark”
There is no point in an examiner / marker giving credit for standards that no longer apply
Sorry, but that’s probably not what you wanted to hear
OK?