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For SBR do we need to learn the specific IFRS/IAS number e.g. IFRS 13 is fair value measurements?
obviously need to learn the content but just want to check if I need to know IFRS 13 is where I look for info on fair value.
Its important to memorise IFRS numbers for exam purposes. It will show that you have done your preparation sufficiently and will have a good impression on the checker.
However, if you can’t remember the specific IFRS, you can continue writing your answer by saying, for example, “In accordance with International Financial Reporting Standards, a fair value is an amount agreed to settle a liability in an orderly transaction between willing and able parties”.
I hope this helps.