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Do we need to memorise the IFRS?
Will we be asked to use e.g. IFRS 11 in a question and have to know what it is?
Also you said in a few lectures that no marks are given for certain Financial statement calculations e.g. Adding up Inventory in Group accounts. So do we just leave this blank or still include it without the total? Please give some clarification?
Thanks
Hi,
You need to know the rules in each of the standards but more importantly how to apply them. You do not need to memorise the specific standard numbers though.
It is up to you if you wish to add it up. Technically it should be done but there is no requirement to do so in the exam.
Thanks
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