aleksandra - 27 Jun 2008, 04:54 am
What is the difference?
Thank you for help!
Thank you for help!
Fundamentals level - The Skills module (F4-F9)
»F7 INT and F7 GBR
( >> )mah jabeen - 27 Jun 2008, 06:43 am
Difference is of £ and $ before the figures. heehhe. :D
Well, F7 Int is the study of international standards and GBR is Uk standards. There is not much difference.
However ther are some difference such as the format of Statement of Financial Position.
Fall in value of Goodwill in Uk, we amortise goodwill over its useful economic life while internationally we review goodwill for any impairment losses...
In Government grants, there are two methods of treatment of grants. Internationally we have choice between the two methods while in UK we only use method 2...
As most of the companies are following international standards so doing F7 Int is better and has future...
Kind Regards
Well, F7 Int is the study of international standards and GBR is Uk standards. There is not much difference.
However ther are some difference such as the format of Statement of Financial Position.
Fall in value of Goodwill in Uk, we amortise goodwill over its useful economic life while internationally we review goodwill for any impairment losses...
In Government grants, there are two methods of treatment of grants. Internationally we have choice between the two methods while in UK we only use method 2...
As most of the companies are following international standards so doing F7 Int is better and has future...
Kind Regards
aleksandra - 27 Jun 2008, 01:52 pm
Thank you very much for your answer:)))