02-04-2008, 01:28 AM
Very Important For All F7 and P2 International Stream students
This is posted by Calre Finch FTC Tutor at www.accountancystudents.co.uk
Just wanted to prompt all INT route students that on 6th Sep 2007 IAS 1 got revised and is examinable for ACCA in June 2008.
It has changed the title of the balance sheet to 'Statement of financial position', cashflow statement to 'statement of cashflows' and the income statement is going comprehensive.
It is not a big deal and an article is promised for the students newsletter. However when buying material beware - some providers are selling Dec 2007/ June 2008 material.
Although it is not a big thing it will be if asked to prepare a 'consolidated statement of financial position' and due to material calling it a balance sheet you do not understand the question.
IAS 10 is renamed 'events after the reporting period' from events after the balance sheet date.
This is posted by Calre Finch FTC Tutor at www.accountancystudents.co.uk
Just wanted to prompt all INT route students that on 6th Sep 2007 IAS 1 got revised and is examinable for ACCA in June 2008.
It has changed the title of the balance sheet to 'Statement of financial position', cashflow statement to 'statement of cashflows' and the income statement is going comprehensive.
It is not a big deal and an article is promised for the students newsletter. However when buying material beware - some providers are selling Dec 2007/ June 2008 material.
Although it is not a big thing it will be if asked to prepare a 'consolidated statement of financial position' and due to material calling it a balance sheet you do not understand the question.
IAS 10 is renamed 'events after the reporting period' from events after the balance sheet date.