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relevant standard

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › relevant standard

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 28, 2014 at 6:21 pm #214174
    ifeoma
    Member
    • Topics: 4
    • Replies: 38
    • ☆

    Hello sir,
    I know that we are allowed to use the words, “according to the relevant standard ” in the exam. But what if I know the IAS/ISA number and not the name, will that still be okay.
    Example
    IAS 17
    Without including “leases ” to it

    November 29, 2014 at 9:54 am #214260
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    THERE ARE NO MARKS FOR KNOWING STANDARDS, NUMBERS, NAMES, YEARS, SECTION NUMBERS, DATES!!!!

    Give me $1 for every time that I have said this and I would be a wealthy man

    In summary, there are no marks for knowing something that, in practice, you can simply look up from the Internet. The exam is not trying to find who has the best memory and is able to remember not just the number but also the title of all the examinable documents.

    Stop wasting your time in trying to memorise this stuff and be happy in the knowledge that anyone that CAN remember it all must really have a pretty sad life

    Ok?

    November 29, 2014 at 11:53 am #214307
    ifeoma
    Member
    • Topics: 4
    • Replies: 38
    • ☆

    Thank you for your response.
    However, i am asking based on the fact that it will take me a little longer time to write, “according to the relevant accounting standard” than simply writing “IAs 16”.
    Thanks once again

    November 29, 2014 at 11:03 pm #214542
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    Ok, so say “according to IAS 22”, whichever you find easier

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