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Barry
Barry Registered Posts: 101 Dedicated contributor 🦉
in AAT Level 4 (Level 8 in Scotland)
I am trying to find a question in DFS which deals with a company who changes to IAS standards to see how it works.

Can you help with this?

thanks
Baz

Comments

  • Steve Collings
    Steve Collings Registered Posts: 997 Epic contributor 🐘
    Hi Barry,

    Such a question would deal with IFRS 1 "First time adoption of IFRS". Can I point out that IFRS 1 is NOT examinable at DFS level, hence why you will not find such a question in any AAT DFS material.

    Could I direct you to the Unit 11 guidance which specifies which standards are and which standards are not examinable. Clearly it would be a waste of time revising standards that are not going to be tested.

    Regards
    Steve
  • Barry
    Barry Registered Posts: 101 Dedicated contributor 🦉
    My teacher said it was examinable???
  • Steve Collings
    Steve Collings Registered Posts: 997 Epic contributor 🐘
    Your teacher is wrong. IFRS 1 is not assessable and you need to address this issue with your fellow students.

    If anyone should know what is assessable and what is not, it should be a tutor!

    I am absolutely horrified at your tutor!

    Regards
    Steve

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