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i) Discuss and contrast the criteria for recognition of assets and liabilities in financial statements as set out in the current Conceptual Framework (2010) and the 2015 Exposure Draft on the Conceptual Framework. (7 marks)
(ii) Discuss how the recognition of assets and liabilities under IAS® 12 Income Taxes and IAS 37 Provisions, Contingent Liabilities and Contingent Assets are both inconsistent with the definitions in the Conceptual Framework (2010) and how certain items recognised in a business combination may not be recognised in the individual financial statements of the group companies.(6 marks)
Sir are the above 2 questions included in our syllabus and can they come in exam?
IN FUTURE PLEASE SHOW THE TOPIC NOT THE QUESTION NAME IN THE THREAD HEADER OR YOUR QUESTION MAY BE DELETED
(i) Not in syllabus
(ii) I would hope that the author of your exam kit has updated the question for the new frameworkREMEMBER EVERYONE THAT YOU MUST USE AN UP TO DATE REVISION KIT – DO NOT USE THE PAST EXAMS ON THE ACCA WEBSITE.
🙂
- The topic ‘J19 Q4 a i and ii In syllabus or not?’ is closed to new replies.