C 7002 IFRS MID TRIMESTER EXAM, 2009

FORMAT OF PAPER: (20% of Coursework)

There are Five (5) Questions. All Questions are Compulsory BREAK DOWN OF PAPER: QUESTION 1: Theory Question on IFRS as the new standards (20 Marks) QUESTION 2: Inventory Applications and theory QUESTION 3: Revenue Recognition Application Question (20 Marks) (10 Marks)

QUESTION 4: Liability and Contingent Liability Application Question (10 Marks) QUESTION 5: Case Study : Depreciation Coverage for Examination: Everything and anything taught from the first class to the last class on 23.11.09. The paper covers theoretical and application parts that have been discussed in class. Emphasis of Paper: To test your knowledge on how to apply IFRS as done through the tutorial exercises. I will not be testing your standards or sections of standards but your understanding on how you can apply the standards in a given situation. I will not test anything that have I not emphasised in class. I do not expect you to read the textbook and almost 90% of you dont have a text book and neither the resources in the library to read. All material that is tested has been given on the class share or discussed in class. If you have missed classes make sure you discuss with your colleagues on any important matter that may have been discussed. (40 Marks)

ALL THE BEST FOR THE EXAM.