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Read text book or IAS&IFRS

0 Votes
Read text book or IAS&IFRS

Hello I'm currently study F7 and that require me to read some IAS and IFRS. But at the same time i notice those also in text book as well. My question is should i only read text book or read both text book and IAS&IFRS?

December 28th 2017 AN ACCA USER 120 Points

3 Replies

+2 Votes

Hi Try,

The F7 syllabus does not require you to learn every single standard set out by IFRS and IAS as you only need to study what needed in line with the syllabus. Also, you need to bear in mind that there are additional requirements which you need to learn such as consolidation, cash flow and P&l.

I would recommend you use an up to date textbook and if you wanted to expand your knowledge further you can refer to the IFRS committee, you can find all information following this link.

http://www.ifrs.org/issued-standards/list-of-standards/

Best of luck with your journey.

December 28th 2017 AN ACCA USER 1,240 Points
+1 Vote

What I'm currently doing is studying the newest edition of the text book so that the IFRS updates are covered. If there is something I don't find clear in the text book I would then refer to the IFRS website.
Studying directly from the IFRS and IAS might be very time-consuming and over-informing.
I would recommend you do the same as I'm doing and try to practice as many questions as you can.

January 3rd 2018 AN ACCA USER 160 Points
0 Votes

Exam based approach:

You need to prepare well your exams with the course notes and study text while scanning standards quoted in the syllabus.

Broad understanding.

To best understand the usefulness of standards within the practical world, you then need to analyse those in their relevant chapters and contexts respectively.

Standards based question?

I believe it is in P2 only that you would need a deep understanding of the standards with all current developments inclusive.

I hope this helps you as you expect.
Regards
Aurelien

January 3rd 2018 AN ACCA USER 250 Points
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