I want to know if you can define accounting standard in particular question in an examintion without quoting the IFRS aND ISA code ,will you loose marks ?
example, can you define (,defined benefits) without quoting the IFRS OR THE ISA .
ACCA Forums
AAAQUOTING RELEVENT IFRS & ISA -P7
9y ago#1This is a question that I myself have, looking forward to someone in the know to answer.
Mike has answered this question in the Ask Tutor forums, and if i understand it correctly, then No you don't loose a mark for not mentioning the Accounting Standard's number.
The link to the thread I am referring to is;
https://opentuition.com/topic/standards-and-tips-for-p7-3rd-attempt/
This forum is for fellow students like us to answer your queries to, if you want an expert tutor like Mike to answer, then ask questions in the future in the Ask the Tutor forums please.
You don't need to quote the actual ISA name and number in P7. You can discuss without naming it. However don't quote an ISA name or number if you are not sure whether it is correct or only do so if you want to, once you are 100% certain it is correct.
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