SFAC

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hobokencfa

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Do we need to differentiate between SFAC numbers? There is a question in the Schweser practice exam about SFAC no. 4, 5, and 6.
 
Not sure what you're talking about, but pretty sure the answer is no.

SFAC=Statement of Financial Accounting Concepts?

You don't have to know ANY section numbers, not even for ethics.
 
we don't only have to differentiate between the numbers of SFAC and APB and other abbreviations, but also be able to add, substract, multiply and divide them, and derive the meaningful conclusions out of the results ;)
 
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