[Anonymous]

Does anyone know if the FAR exam will ever ask a question and mention IFRS, even if the method for calculating is the same as GAAP? I know that the questioners sometimes put “distractors” in questions, but in Becker review, the only IFRS questions asked are when the rules are different than GAAP.

My strategy, if I wasn’t aware of the IFRS method, was to calculate in GAAP and then eliminate that answer at least, but I’m wondering if that was not the way to go.

Anyone else experienced this dilemma?

[mb0363]

Yes, The examiners will ask for IFRS even if the rules are the same for GAAP.

BEC - PASS
AUDIT - PASS
REG - PASS
FAR - PASS

[Author]

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