• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

New BPP books are now available for September 2023 ACCA & FIA exams - get your discount code >>

Way of presentation/writing the answer

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Way of presentation/writing the answer

  • This topic has 1 reply, 2 voices, and was last updated 3 weeks ago by Stephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 9, 2023 at 9:28 pm #684114
    humai
    Participant
    • Topics: 749
    • Replies: 246
    • ☆☆☆☆

    Sir I have written the recognition criteria of IA in following 2 ways. Please confirm me that whether both ways of writing the answer is acceptable?

    According to IAS 38, IA shall be recognized if it is probable that future economic benefits will flow to entity and cost of the asset can be measured reliably

    According to IAS 38, IA shall be recognized

    i) If it is probable that future economic benefits will flow to entity and
    ii) Cost of the asset can be measured reliably

    May 10, 2023 at 5:36 pm #684169
    Stephen Widberg
    Keymaster
    • Topics: 13
    • Replies: 2965
    • ☆☆☆☆☆

    Both OK, but I prefer the second one.

    BUT saying “according to IAS 38” is wasting your life. No one cares about the standard number.

    🙂

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

Changes to the SBL exam from September 2023

ACCA My Exam Performance for non-variant Applied Skills exams is available NOW

NEW! Download the ACCA Pass Guide

FREE Verifiable CPD for ACCA Members

ACCA mock exams and debrief videos

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

 

Donate

If you have benefited from OpenTuition please donate.

ACCA CBE 2023 Exams

Instant Poll * How was your exam, and what was the result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • John Moffat on The Normal distribution – Management Accounting (MA)
  • 4mula on The Normal distribution – Management Accounting (MA)
  • John Moffat on Foreign exchange risk management (1) Part 6 – ACCA (AFM) lectures
  • John Moffat on Accruals and Prepayments (part d) – ACCA Financial Accounting (FA) lectures
  • Ashvin5 on Foreign exchange risk management (1) Part 6 – ACCA (AFM) lectures

Copyright © 2023 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy