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IF U ARE ASKED TO WRITE A REPORT IN FORM OF AN ADVISE AND IT INVOLVES ALSO DOING SOME CALCULATION(APPENDIX),AT P LEVEL IS IT ALLOWED TO ABBREVIATE.
E.G P.V OF PLAN ASSET RATHER THAN PRESENT VALUE OF PLAN ASSET.
UNRECOG L/G TO UNRECOGNISED GAINS AND LOSS,
COS OF TIME AND THE REQUIREMENT TO PUT U R SELF IN A PROFESSIONAL POSITION(WHICH MEANS U HAVE TO BE DIRECT AND CLEAR WHEN ADVISING A CLIENT)
THANKS.It’s ok to abbreviate – so long as the client is likely to understand. So, read the question and see who you are writing to. Additionally, if you are going to abbreviate, it’s probably best to say, for example, “The International Financial Reporting Standards ( IFRS ) state that ……” and from then on, you can refer to them as IFRS
Hi all,
agreed w/t werty. That is the best way to deal w/t abbreviate because we are studying at professional level.
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