1.3 Interpretation of reporting standards

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wajoda2002
wajoda2002 Registered Posts: 28 Regular contributor ⭐
in AAT Level 4 (Level 8 in Scotland)
Hi Everyone,

Just after some advise please. On FNST, does 1.3 incorporate certain IAS's i.e Non current assets, or could it be about any of the reporting standars that is asked to be explained? I am confused but the 'Intangible Asset' part.

Sorry if this is an obvious question, am just trying to get my head around everything again as I am due to sit for the umptheenth time in 2 weeks

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  • Steve Collings
    Steve Collings Registered Posts: 997 Epic contributor 🐘
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    If 1.3 is the 'written' element about the IASs then I would say any one of the examinable ones stands a chance of being tested.

    Which part of IAS 38 are you confused about?

    Regards
    Steve
  • wajoda2002
    wajoda2002 Registered Posts: 28 Regular contributor ⭐
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    Hi Steve,

    thank you for your reply.

    I just wanted to say thank you as well, I have found your posts very helpful and have printed off your guide for this exam.

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