I have always paid attention to solving problems as an accounts student. But I guess it pays to understand the concept behind each accounting Standard. To know that one has to have an understanding about history and evolution of the authorities that dictate accounting treatments. This gives a bigger picture to understanding the underlying notifications.
This course on Udemy is a short but crisp lecture on the subject matter.
https://www.udemy.com/course/accounting-standards-need-and-evolution/?referralCode=F6D03FCF6CA12708220A
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