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Section A - group statement of comprehensive income. Elements of other comprehensive income may include impairments of financial assets and/or PPE which have previously been revalued, accounting for an associate and a foreign subsidiary. Reporting standards examined may include:

 Non-current assets, particularly held for sale and discontinued activities
 Impairments
 Provisions
 Tax
 Employee benefits
 Leases
 Intangibles
 Financial instruments
 Reporting financial performance, particularly discontinued activities.

Section B - the conceptual or current issues topic is difficult to call as there are so many current developments. Questions dealing with IAS GAAP and US GAAP convergence, together with IFRS for SME have been written for the revision mock. Other topics such as the possible revision of IAS 17 which would result in all leases (finance and operating leases) being recognised on the SOFP is another possible topic and is included within the revision mock exam.
Typical IAS/IFRS knowledge which may be required includes:

 Non-current assets
 Held for sale and discontinued activities
 Impairments
 Provisions
 Tax
 Employee benefits
 Leases
 Intangibles
 Financial instruments
 Reporting financial performance
 Revenue recognitions
 Events after the reporting date

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