[Anonymous]

Hey all,

Does anyone know from experience just how heavily the IFRS differences are being tested on FAR? I am curious how everyone manages to memorize both the GAAP and the IFRS rule for every difference in the book. I am having some issues with remembering them. Any advice is appreciated!

Thank you!

[Anonymous]

I would study it.

[Anonymous]

There's really no exact answer to it. It varies amongst every test taker. I would certainly not skip it. Review at the end of each chapter for Becker since it summarizes the differences and you should be fine.

[Anonymous]

If you're using Becker, I would just rip out the pages in the book at the end of each chapter that summarize the differences between IFRS and US GAAP in chart form and memorize them. That's what I did and I felt like it was the perfect way to really see what the differences were topic by topic!

[pacific1]

I remember when they first started testing IFRS, I thought oh I won't get much on that as it is new and I blew it off….NOT! I recommend studying it. I found the NINJA notes a good overview, I also used this website, it shows more details for every chapter which helped when I wanted to expand.

https://bcs.wiley.com/he-bcs/Books?action=chapter&bcsId=4881&itemId=0470374942&chapterId=47788

[Author]

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