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Part a asks to discuss the main weaknesses in the current standard on revenue recognition.
The bpp answer included reference to IAs 11 construction contracts’ weaknessesIs that really acceptable in the exam?
Thanks in advance 🙂
Surely construction contract revenue recognition must be an appropriate reference when discussing the problems with revenue recognition.
Why would you not want to mention it? Are you so confident of scoring all the available marks (25?) in a discussion question without taking the opportunity to bring in the full extent of everything that may possibly score you one more mark.
Can I imagine you sitting in the exam room saying to yourself “No, I shall not bring that in because it may not be relevant!” ?
I would take the fullest opportunity to bring in ANYTHING at all that I felt could earn me that extra marginal 1%
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