H1 (96) IFA2 Complete Revision Notes

Description

I got a mark of 96 for IFA2 in Semester 1 2018. This note contains a summary of lecture notes, textbook readings, difficult problems from tutorial preparation/in-class questions & practice exams (since it is always better to prepare for the unexpected). I used tables and diagrams to make it easier for you to see the big picture of each topic. For exam purposes, I combined some topics and summarized them together to look like exam formats. I also tried to put as many explanations as possible to help you understand IFA2 back-to-forth. Specifically for "Consolidation" - one of the hardest topics in IFA2, I have made an outline of what steps you should follow, what each entry means and what items you need to tick off for each step. I hope that this will help you score an H1 (probably even higher than 96) and you will enjoy IFA2 as much as I did. Best of luck with your study! ********************************************************** Topics covered include: 1) Reporting obligations & Conceptual Framework 2) Fair Value Measurement 3) PPE & Asset Impairment 4) Tax 5) Lease 6) Revenue 7) Financial Instruments 8-9-10) Consolidation 11) Investment in Associate 12) Disclosure issues