AAT Practise Assessments

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sophie_612
sophie_612 Registered Posts: 136 Dedicated contributor 🦉
in Financial Statements for Limited Companies
Hi,

im just about to start this unit and i saw on the att website on the practise assessments it has a test that says FSLC Practice Assessments 1 IFRS16 assessed from September 2019, is this a new style of exam?

Thanks
Sophie

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  • sophie_612
    sophie_612 Registered Posts: 136 Dedicated contributor 🦉
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    @dumutroba @CornishPixie do you know anything about this?
  • dumutroba
    dumutroba Registered Posts: 262
    edited August 2019
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    Hi Sophie,

    IDK if it is new style, but it alerts you to the fact that IFRS 16 superseded IAS17. These are accounting standards

    Make sure your syllabus is up to date to reflect the change
    AAT Level 2. 2018 Distinction
    AAT Level 3. 2018 Distinction
    AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
    Xero Certified Advisor
  • sophie_612
    sophie_612 Registered Posts: 136 Dedicated contributor 🦉
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    @dumutroba great thanks ICS have provided me with the Kaplan 2018-19 study text does this mean it’s now out of date?
  • dumutroba
    dumutroba Registered Posts: 262
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    Have a look at accounting for liabilities Leases, it should name the new standard
    AAT Level 2. 2018 Distinction
    AAT Level 3. 2018 Distinction
    AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
    Xero Certified Advisor
  • dumutroba
    dumutroba Registered Posts: 262
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    You can always read about IFRS 16 on the Internet, I used a lot of Internet material to familiarise myself with the proper treatment of the accounting elements
    AAT Level 2. 2018 Distinction
    AAT Level 3. 2018 Distinction
    AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
    Xero Certified Advisor
  • sophie_612
    sophie_612 Registered Posts: 136 Dedicated contributor 🦉
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    @dumutroba thank you for your help :)

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