ZIMSEC A-Level Accounting
2.1International Accounting Standards
International Accounting Standards in ZIMSEC A-Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic67 practice questions3 lessons
Overview
The syllabus lists IAS 1, 2, 7, 8, 10, 16, 36 and 38 (IAS 7 is covered with the statements of cash flows).
Learning objectives
What the syllabus expects you to be able to do.
- 2.1.1Explain the purposes and importance of the international accounting standards and state their provisions.
- 2.1.2Apply IAS 1 Presentation, IAS 2 Inventories, IAS 8 Accounting policies, estimates and errors, IAS 10 Events after the reporting period, IAS 16 Property, plant and equipment, IAS 36 Impairment and IAS 38 Intangible assets when preparing financial statements.
Lessons
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IAS 1 and IAS 2: presentation and inventories
50 min
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IAS 16, IAS 36 and IAS 38: assets, impairment and intangibles
55 min
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IAS 8 and IAS 10: changes, errors and events after the year end
50 min
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Sample question
A sample question on this topic. Answer it, check it, then read the worked answer.
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