AuthorTopic: Financial Shenanigans?
morpheus918
@2010-03-05 12:52:06
I've just gone over some of the questions from this topic. Can someone tell me if we really need to know which principle was violated? (Number 1, 2, 7, who cares?) I mean, isn't it enough to know when revenue or expenses are recorded improperly without memorizing which numbered principle was violated? It seems like a lot of unnecessary memorization to me.
Smithu
@2010-03-16 05:00:28
Forget about the numbers. But know all the seven categories of shenanigans.

Just like ethics where they dont test your memory on which standard was violated. They only test you on the application of the standards.

CFA Discussion Topic: Financial Shenanigans?

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