FAO: Those with osborne DFS book doing June06 exams

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:25AM in AAT student discussion
Hi everyone,

I wanted to know your opinions on chapter 4: accounting for assets and chapter 5: liabilities and the income statement. My tutor has been expressing the need to learn group accounts, cash flows, statutory accounts & performance ratios. However, the aforementioned chapters, ive just noticed, are hugely comprehensive...and we have never covered them in class. Just look at the way they calculate the reducing balance method of depreciation. They go into detail about each IAS and its effect on financial statements.

Have any of you started studying these chapters?
Im quite worried at the sheer volume of things ive got to learn.

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FAO: Those with osborne DFS book doing June06 exams

    Hi

    We're also using the Osborne books and have experienced much the same as you. Hardly covered any theory at all. Our lecturer has told us that as long as we can complete the consolidated accounts and ratio questions, we're well on the way.

    Have to admit I'm panicking already though - I've also been looking at the book and can hardly remember covering most of it. I'm taking both Costing & Budgeting in June as well so looks like a lot of work ahead for me!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FAO: Those with osborne DFS book doing June06 exams

    Well I think I made a mistake choosing the tax options, because ive got 4 exams in june! ha what a joke. Mind you, Ive looked at ACCA syllabus and you cant avoid business tax so I might aswel learn it now.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FAO: Those with osborne DFS book doing June06 exams

    planetstud

    You have done the right thing as both AAT tax options together will cover about 70% of the business tax syllabus for ACCA. You still have a lot to learn but it is definitely good grounding.

    Annette

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