CBA practice on AP1

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Clairey
Clairey Registered Posts: 12 New contributor 🐸
in General discussion
How come its in old termonology I.E. profit and loss and not income statement!! I've been learning with the new, just taken the CBA and noticed all the termonology was in old!

Does anyone know if the actual assessment uses old or new language?

Many thanks to anyone who can shed light x

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  • Jo Clark
    Jo Clark Registered Posts: 2,525 Beyond epic contributor 🧙‍♂️
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    Hello Clairey!

    I have sat AP1 and can't recall whether it refers to P&L or IS... it may mention both like it does in my study material.

    Sorry not to be able to give you a clearer answer.

    JC
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • Clairey
    Clairey Registered Posts: 12 New contributor 🐸
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    Out of interest to anyone taking the CBA on AP1 - the income statement and statement of financial position uses the old terminology where as doubtful debts etc is in the new x
  • Focus888
    Focus888 Registered Posts: 46 Regular contributor ⭐
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    Hi Clairey,

    Can i just ask how you found it? was it harder or easier than you thought?

    Been practising alot with the past papers have my exam next week and am so not ready for it.

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