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I attempt twice P7 internatioanl version, now this session I want to sit for UK version.My existing knowledge is enough for uk version andwhats main difference between two exam.Thanks
Essentially, it’s the difference between IFRS and the UK FRS (yes, I do mean IFRS and FRS)
The ACCA has announced that they are dropping the UK variants of F7 and F8 after this next session. I believe that it’s only a matter of (a short) time before they do the same for P2 and P7
Check out last time’s two variants to see the difference in the wordings of the 5 questions!
Actually Mike I do believe you may be incorrect there. Based on the link below, UK paper will be based on IFRS, however it will contain slightly different IAS (auditing standards) than the international paper. There is also a large emphasis on insolvency which does not appear to be present in the Int paper.
After comparing the papers, it seems also UK paper is exactly the same with the exception that marks for questions will not be split, so you will have to use “skill” to understand where to get your marks as opposed to being told “this bit is worth 7marks”
Personally if it was up to me, id rather be doing the Int version as it is much easier in my opinion and the UK isnt worth doing unless you need/want the audit practice certificate (i.e that’s what you do as a living). The UK paper is much harder in my opinion but ufortunately I have to do the UK version.. sigh…
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