SBR GAME CHANGER SERIES BY TASHWITA GUPTA
INTRODUCTION OF THE TUTOR
• Global IFRS trainer
• Tutored 10000+ students for IFRS and ISA’s
• 10+ global and national rankholders in SBR
and AAA
• Working in IFRS compilation
• One of the world’s youngest ACCA Affiliate
2020
• Join SBR / FR online courses at VIFHE
(www.vifhe.com)
• Whatsapp to be part of global groups +91
9877637809
• SBR CRASH COURSE- www.vifhe.com
o SUPER 20 LIVE DRAFTING AND DEBRIEF
(20th to 27th AUGUST)- find the list here
https://youtu.be/ZcENIXMuFXI
o Pre recorded concepts
o GRAND REVISION – 28TH AUGUST
o Mock 1 – 29th August – ASSESSED +
DEBRIEF
o Mock 2 – 2nd September – Debrief only
June 2023 - Jocatt + SKYE
March 2023 – DAY 2 – Luna
WHAT IS THE SECRET SAUCE TO PASS SBR?
UNDERSTAND THIS EXAM
BEFORE YOU PRE ASSUME IT TO BE MERE
ACCOUNTING AND TAKE IT FOR GRANTED
😊!
• SBR is not just calculations it is more
about discussion now.
• SBR is highly unpredictable – NO
CHERRY PICKING 😉
• SBR weighs more weightage to the
technical knowledge written down and
not on presentation – unless the
REQUIREMENT carries professional
marks.
• SBR is a lengthy paper- not just in
syllabus but also while attempting.
• SECTION B always have and will have
ONE bouncer question- HOLLS,
SYMBAL? Have you checked them yet?
FORMAT OF THE EXAM
December 2020 Step acquisition,
Goodwill,cash flows,
IAS 19
December 2021 IAS 28, Goodwill,Step
acquisition
June 2021 Acquirer? Goodwill,
IFRS 13, IAS 19
June 2022 Step Disposal,
Consolidated SPL, is it a
business?
June 2023 Acquirer? Goodwill,
IFRS 9, IAS 28
March 2023 CASH FLOW, GOODWILL
Sep 2022 Step Acquisition
December 2022 Basic Groups-
impairment of
goodwill- LUPOID like
QUESTION 2 20 marks – MULTI STANDARD
It is based on ethics you need to first identify the
accounting issue- provide rectification and then
comment over the ethical bit.
There are professional marks available so write
answers in a good flow, professional words and
relevant.
Q3 – 25 MARKS sometimes bouncer
This question is generally from multiple standards
can be IFRS 15, 5, NCA etc anything!! Rarely even
current issues are tested in Q3, e.g, DIGIWIRE-
CRYPTOCURRENCY – 9 marks
Q 4- 25 MARKS
LOL question of the exam- because by the time
you reach this, guess what? You find the easiest
question as very difficult. Usually it is based upon
multiple standards, APMs and current issues. If Q4
is bouncer then it is 2 attacks at one time- time
pressure and tricky.
Let’s take an example for those who think they
can predict the exam- ABC analysis 😉
SCARED?
Here are the answers to all the questions-
WHAT TO DO ONCE WE OPEN THE EXAM?
1. Do not move to any other question! Start
from Q1 .
2. Copy and paste the requirements from the
question to response option.
3. Format them and underline/ bold the VERB in
the requirement and emphasise on ALL what
is asked?
4. Read Exhibit 1 and answer the requirement 1.
No need to read full question before
answering.
5. While reading the case studies try to find and
highlight key words which helps in
identification of the standard, e.g,
‘the announcement of the plan might be made
after the reporting period’ – this line suggests
IAS 10
‘Unanimous voting’- Joint venture
‘might end up paying something’ – IAS 37
‘Demand decreased’ – IAS 36
Thus, while reading the case study you need
to be really really ACTIVE!
6. Whatever brainstorming you do, type it on
word.
7. Now after identification of standard and the
part of that standard STATE the rule as it is –
LEARN IT!
8. Now after stating you need to apply the rule.
So whatever you have stated try to resonate it
to the case study line by line.
9. Always move in direction of case study to stay
organized.
10. To directly apply concept to a case study
always remember to use the company’s name,
numbers and years as much as possible.
WHAT TO DO FOR BOUNCER QUESTIONS?
Firstly, most of the questions seem bouncer
because you left some area of syllabus like
DIGIWIRE will be bouncer if you did not practice
and do not know Crypto currency and basics of
IFRS15.
Secondly, there are some really out of the box
theoretical questions which are ACTUALLY
BOUNCER.
This is a cooked meal (KHICHDI) of integrated
reporting and SMEs wow!
STRATEGY –
1. Get your easy marks first- define easy words,
state easy standard. Do not leave blank
2. Like here first explain SME and then
integrated reporting, thereafter, bridge the
gap between two.
3. Basically, apply your graduation mind- you do
not know the answer but you cannot leave it
also so you give your best.
4. Do not bang your head on difficult parts for
hours , your aim is to pass first, rank comes
along with it. Do not loose a PASS in the aim
of PERFECTION
MANTRA- PERFECTION IN ANSWER WRITING
OF SBR IS A MIRAGE
YOU NEED TO BE PRACTICAL, LOGICAL,
TECHNICALLY CORRECT AND CRISP not A
DOCTOR OF IFRS. Leave that for me 😉
WHAT IS THE CHANGE IN Q1 ?
• Pre populated spreadsheet- no changes in
syllabus only the way question needs to
be answered has changed.
• Only 13-14 marks change for numerical
part
• Questions – Banana SCF + CBE- Doyle co.-
DAY 2
TECHNICAL ARTICLES
https://youtube.com/playlist?list=PLI
meSpYNCZA5u5syrNY4o4qpjGwdiNSd
3
1. Ethics in digital age
2. Reclassification from OCI TO
Profit/Loss
3. Sustainable reporting
4. Crowdfunding
5. APMs
6. Debt vs Equity
7. Onerous Lease Contracts
8. Natural Disasters and Pandemic
CURRENT ISSUES
https://youtu.be/kt3BKIDhrAs
PLAN FOR NEXT DAYS
1. First focus on SUPER 20 questions – 3
Questions per day (for self study)- 7 days
2. If possible type one question a day
3. Cover the remaining questions as many as
possible from the kit on a speed of 3 questions
per day – PICK RANDOMLY
IMPORTANT AREAS OF SYLLABUS?
1. Group accounts- Change in GS, SCF, Forex,
Basic theory
2. IAS 19
3. Non current Assets
4. IFRS 2,15,16 and 9
5. Small standards like IFRS 8,IAS 37, IAS 10, ifrs
13 etc
6. Analysis- Ratios only
