Just how important is IFRS for FAR?

CPA Exam Forum The Forum FAR Review Just how important is IFRS for FAR?

This topic contains 4 replies, has 5 voices, and was last updated by  Jack Don 4 years, 10 months ago.

Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • #162093

    ChrisCPA
    Member

    I know I can’t ask about specifics regarding people being tested on IFRS for FAR, but I’m just curious as to how heavily this is being tested during it’s first year. I figure as each year passes it’ll increase in importance. Considering this is the initial year including IFRS, maybe it’s not being tested as heavily? Any thoughts?

    Thanks!!!

    #302766

    Yvonne570
    Member

    It’s always much safer to know both IFRS and GAAP – along with the differences. You never know what they will test. There are similarities with key differences. With a 43% pass rate this year in FAR, doesn’t hurt to prepare for the worst.

    #302767

    cah2c
    Member

    Know it. I had more IFRS material than I anticipated on my exam in July.

    #302768

    CPABear
    Member

    Definitely know it. There’s more than you probably imagine. No idea if they actually count these questions though.

    #302769

    Jack Don
    Member

    Yes, hell yes know it. I had more question of IFRS than I did Gov’t/Nfp. If I don’t pass the exam it’s because of IFRS.

Viewing 5 posts - 1 through 5 (of 5 total)
Return to Front Page

You must be logged in to reply to this topic.