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Hi my Dear Tutor,Bpp and Becker says that any calculation will not be required in F7 exam but theoretical aspects can be tested such biological assets measured initially fv less cost to disposal and any changes go to p/l.
Is this true that it will not be examined ?
This is the entire section B4 of the syllabus
“4. Inventory and biological assets
a) Describe and apply the principles of inventory valuation
b) Apply the requirements of relevant accounting standards for biological assets”I believe that you can draw your own conclusions but it seems to me that calculation of inventory is not excluded
However, I would suggest that it’s an unlikely question – it’s more likely in F3 than in F7
OK?
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