Oh no, don't say "because of PIRATE criteria", in SBR we need to justify each and every thought, and IAS 38 doesn't have this exact mnemonics, it has been invented for study purposes, so we can't use it as a justification.

IAS 38 is tested almost in every sitting. Why? Because even if a company is a manufacturing one, still, it will have lots of Intangible Assets

This standard is tested frequently in the Financial Reporting exam and you may have a feeling that it's quite easy. Well...no... SBR tests your ability to challenge the scenario, so IAS 37 may come with some unexpected scenarios.

In later episodes we'll also look into "When something loks like a provision but it's not" topic.

Sign up for my SBR course that teaches people pass this exam by seeing the clues in the scenario: https://www.amalearnonline.com/liliya-kirylenka/

IAS 36 Impairment is tested almost in each and every sitting and is likely to be tested as part of environmental issues question.

Ready to pass SBR with a tutor who pays attention to focusing the students to what is important? Join my SBR course: https://www.amalearnonline.com/liliya-kirylenka/

I've had groups with 100% pass rates, so I know how to make busy professionals succeed

IAS 16 looks like a basic standard which means it's an ideal candidate to practice your skills! Can you come up with the ways that depreciaiton can be tested? I can.

Listen to this episode which illustrates what to expect in respect of the depreciation topic.

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Let's talk about Employee Benefits. This standard is often tested in conjunction with the Cash Flow Statement.

Are you taking SBR any time soon? Subscribe to my LinkedIn to participate in weekly IFRS Quizzes: https://www.linkedin.com/in/accatutor/

Or join my course: https://www.amalearnonline.com/liliya-kirylenka/

Did you know that because I'm a member of ACCA Gold Approved Learning Partner Group I have to keep my pass rates outstanding to keep the status?

This means that I am VERY motivated for my clients to pass.

Cheers!

SBR loves discursive questions. This means you may be required to talk about how the standard changed the financial reporting and why it was important to the users of the financial statements

As a member of ACCA Gold Approved Learning Provider, I make sure my course stays up to date: https://www.amalearnonline.com/liliya-kirylenka/

No, it's not only about deferred tax assets and deferred tax liabilities. This episode will be equally important for those who take ACCA FR exam.

As a Tutor, I often see people reading the standard just to get acquainted with the concept. And then they get a question on Level 1, Level 2, Level 3 inputs in the exam and panick. Or they get a question where they need to explain which of the valuations can and cannot be chosen.

Strangely enough, IFRS 13 is tested quite often. Subscribe to my course to see exam-specific examples: https://www.amalearnonline.com/liliya-kirylenka/