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Hi there! I would like to ask what changes to leases has occurred for the Sept 17 sitting from the June 17 syllabus?
I read the syllabus and study guide(Sept 2017- June 2018) from the ACCA website and it says “The study guide has been updated to reflect the issue of IFRS 16 Leases”.
Also it says exposure drafts & discussion papers may be affected, could someone indicate which exposure draft or discussion paper has been affected?
Thank you so much for your help!!!
Many thanks,
Nee KeeHi,
The class notes and videos have been updated for the new standard. If you work through those then you will see the differences compared to the old standard.
With regards to EDs and DPs on leases then there are now no longer any as it is an actual standard.
Thanks
Hi,
As we know Syllabus has been updated from Sept 1 2017 for lease IFRS, now IFRS 16 will be examinable no longer IAS 17. As I have old study text with IAS 17 I am wondering to skip this topic. Giving that it will be first sitting with new IFRS 16 chances that it will come up in exam question are small, what you think? I am running out of time, so that’s why looking for shortcuts…Thanks
Hi,
Don’t look for shortcuts. IFRS 16 will be examined and with new standards it is never a small question.
I’d suggest that you start to understand IFRS 16.
Thanks
Thanks, so looks like this topic is rather probable to occur. By the way http://www.OpenTuition.com – big thanks for updated lectures -IFRS 16, you are doing amazing work in supporting students.
I’d definitely give it some thought between now and the exam. Thanks for the kind words, we do our best.
Thanks
Just to confirm… so we will not be examined on IAS 17? And Leases is going to be entirely on IFRS 16?
And as IFRS 16 is to be applied from 2019, if we have a scenario based on lets say a company during 2017, what should we use? IFRS 16 or IAS 17?
Thanks
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