SBRINT

Syllabus F1. Discussion Of Solutions To Current Issues 1 / 1

Discuss and apply the accounting implications of the first time adoption of new accounting standards

Identify issues and deficiencies which have led to proposed changes to an accounting standard

Discuss the impact of current issues in corporate reporting. This learning outcome may be tested by requiring the application of one or several existing standards to an accounting issue. It is also likely to require and explanation of the resulting accounting implications (for example, accounting for digital assets or accounting for the effects of a natural disaster or global event). 

The following examples are relevant to the current syllabus:
1. Presentation and disclosures
2. Materiality in the context of financial reporting
3. Management commentary

Discuss developments in devising a structure for corporate reporting that addresses the needs of stakeholders
Discussion Of Solutions To Current Issues