IFRS vs. GAAP Becker Chapter 10 Questions

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  • #185580
    Anonymous
    Inactive

    Have you been working those Becker Chapter 10 IFRS vs. GAAP questions?

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  • #553343
    MustPass1988
    Member

    Yep- they didn't take very long. Honestly, you could probably skip it and get away with it because the questions seem to be pulled from the other sections. I would just be really familiar with some of the main IFRS vs. US GAAP differences (i.e. LIFO is not allowed, calculation of impairment under IFRS, how direct costs are treated for leases & bonds, etc).

    AUD: PASSED [81]; Expired, retaking August 23rd
    BEC: PASSED [83]; Expired, retaking July 11th
    REG: PASSED [83]
    FAR: FAILED [64]; Retaking May 23rd

    #553344
    MustPass1988
    Member

    Yep- they didn't take very long. Honestly, you could probably skip it and get away with it because the questions seem to be pulled from the other sections. I would just be really familiar with some of the main IFRS vs. US GAAP differences (i.e. LIFO is not allowed, calculation of impairment under IFRS, how direct costs are treated for leases & bonds, etc).

    AUD: PASSED [81]; Expired, retaking August 23rd
    BEC: PASSED [83]; Expired, retaking July 11th
    REG: PASSED [83]
    FAR: FAILED [64]; Retaking May 23rd

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