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UK v International – what is the difference?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › UK v International – what is the difference?

  • This topic has 3 replies, 3 voices, and was last updated 13 years ago by AvatarMikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • February 21, 2013 at 11:47 am #118381
    Avatarcjw1
    Member
    • Topics: 10
    • Replies: 11
    • ☆

    Can someone please to me what the difference is between F7 UK and F7 INT?

    I am really confused as my BPP Study Text which is for the “UK and International stream” says that if you are sitting the exam for F7 UK (which I am) then the exam will be sat under International standards and that the study text that I have contains all the details under international standards. For the UK element, I need to get supplementary notes?

    Would appreciate someone clarifying for me.

    Many thanks.

    February 21, 2013 at 7:07 pm #118442
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    UK is getting closer and closer to compliance with International Standards so it’s now not worth BPP ( or others ) preparing a separate text. For ( mostly ) all intents and purposes, UK financial statements will comply with IFRS but there remain some ( smallish ) differences.

    In the revision kit you SHOULD find re-written answers to a few ( all the relevant ) questions re-written to comply with UK standards

    February 21, 2013 at 9:06 pm #118454
    Avatardanielglover
    Member
    • Topics: 13
    • Replies: 100
    • ☆☆

    I made a big mistake doing the UK variant of P2. The study text had no differences in, and when I complained to BPP they said you had to go on to their website to learn the differences. There’s no point doing the UK variant, it’s just extra work!

    February 22, 2013 at 7:53 am #118480
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    I think I could agree with that!

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