I would like to ask you for help. Let's say that one for some reasons needs to master the knowledge of IFRS.
Do you think guys that knowledge of some ACCA papers can help this person to understand ifrs better ? If yes, which acca papers contain knowledge that can help to understand ifrs better? Without knowledge of which ACCA papers it is difficult to get the understanding of ifrs?
Are there any videos on opentuition devoted to ifrs?
-- Edited by rafapak on Monday 15th of September 2014 09:24:12 PM
Starts with basic standards at F3 and adds more at F7 and P2. F8 and P7 simply test F7 and P2 level knowledge from a different angle.
Kind regards,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
thanks Shaun, by the way, all the books from F3 to F9 I have already bought. all from kaplan and all from 2011. good source of knowledge. a lot of work ahead of me I am afraid. I have to buy P2 and P7 as well.
I would not buy P2 and P7 yet Rafal as just getting on top of those that you already have will take all of your time.
Of all of the books you have purchased F6 will not be of any use to you as the finance act changes every year rendering the previous years books useless.
2011 is a good year to have chosen. Its the first one after the IFRS's started calming down post convergeance.
Financial instruments continue to change regularly as the old standards (IAS32, IAS39 and IFRS7) slowly move across to IFRS9.
IAS27 was split into IAS27 and IFRS10 with changes to the calculation of goodwill and legal fee's associated with a consolidation.
New standards IFRS11, IFRS12 and IFRS13 have been released.
ACCA now also test IAS41 which wasn't tested back in 2011.
On the Audit standards ISA540 and ISA545 merged into ISA540
ISA260 was split into ISA260 and ISA265.
There was a new standard ISA450 released.
There have been some minor changes to the names of some standards such as ISA580 changed from Management representations to Written representations.
HTH,
Shaun.
p.s. the above is just from memory and is not intended to be an exhaustive list of changes since 2011.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
