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List IFRS ?

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › List IFRS ?

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by mrjonbain.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 22, 2023 at 2:22 pm #684817
    jamesrob90
    Participant
    • Topics: 7
    • Replies: 22
    • ☆

    Hi,

    Do we need to name the IFRS standard & number in the exam when answering a question ?

    For example would both the below get the same marks ?

    “IAS 8 Accounting Policies, Changing in Accounting Estimates and Errors only permits a change in accounting policy if it is required by the IFRS or results in information being more reliable & relevant”

    “The IFRS only permits a change in accounting policy if required by the IFRS or results in information being more reliable & relevant”

    Thanks

    May 22, 2023 at 2:31 pm #684818
    mrjonbain
    Moderator
    • Topics: 6
    • Replies: 2427
    • ☆☆☆☆☆

    No, this is not necessary. Please see following thread-

    https://opentuition.com/topic/sbr-ias-ifrs-standard-do-we-need-to-write-it-out-in-full/

    Hope this helps.

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