FRA - morning session directions question, remember, something, afternoon

atate2007

Quick question – On the afternoon session of FRA I saw the disclaimer “assume IFRS for all questions…” or something like that, which didn’t make a huge impact because instructions for GAAP or IFRS were given in so many questions. However, I didn’t see this on the morning session as I was moving quickly through it so I may have missed it. Does anyone remember if it said “assume US GAAP or IFRS” or nothing at all? Thanks.

dotamasta

Thanks Kevin....you are right...but my only fear is that due to the enormous number of candidates this time, the margin of error is gonna be very narrow....and I think every point will count - what do u think?

rgonzalez

am (code 3030) - there wasn't any disclaimer .. almost all FRA questions were neutral (except for one or two questions that specified which standards to assume) .. frankly I was expecting that ..

pm (code 3131) - there was a disclaimer ..

orang3eph

Cant recall any question in which GAAP/IFRS would have made a difference, and the question didnt state which to use......

mnieman

Like others said, don't worry about it too much. There were only a few that would fall under that disclaimer. Most of them specified whether to use GAAP or IFRS.

invic

This is absolutely the LAST thing i wanted to hear

This is truly amazing....i was so worried about being fast and making sure i finish the paper that I didnt even read that disclaimer....

I know i did pretty well.....but am unsure how *badly* this would effect my chances now

aaaw maaan

dontknow1987

sumz - I'm right there with you.

It's gone. Goodbye!

You'll see my rant on another thread. but basically - let's relax and enjoy being DONE...for now.

leadcfa

cfacowtown - any idea how many were those? Because this is so freaking out the most of us...

Ionutzakis

About 3 over both sessions, if I remember correctly.

JoeyDVivre

Assume IFRS unless otherwise noted. This was included in the candidate email before the exam and on both papers. There were a few trick questions that didn't mention which standard to use and there was the GAAP answer and the IFRS answer.....can't talk specifics on the forum though.