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I’m just doing question 1 from June 2012 and it asks for the difference between UK Gaap and IFRS 11 with regards to Joint operations. I didn’t have a clue on how to answer the question because my BPP text book doesn’t mention UK Gaap.
Is the reason for this because it has been taken out of the syllabus? and am I suppose to know in general the difference between the two?
Many Thanks in advance
Ian
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