Remembering IAS
immense
Registered Posts: 97 Regular contributor ⭐
Does anyone have a way of remembering what IAS's belong with which numbers? i have tried relating them to things or just learning them parrot fashion - I think I have got them and then test myself and can't remember them!!
Any help would be appreciated:huh:
Any help would be appreciated:huh:
0
Comments
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Hello,
If I was you, I wouldn't really get too hung up in remembering all those IAS Numbers and standards in any great detail. As long as you have a brief understanding on how to apply the ones which are examinable (I don't think this is all of them) then you should be fine. If it's any help, I couldn't remember the IAS Numbers when I took this exam and still passed without much stress.
From memory ,if your can confidently prepare single/consolidated accounts, cash-flow statements, calculate ratios and comment, discuss elements of financial statements you will have no problem.
Come August I am sure you will have passed :thumbup1:0 -
Thanks for this - I feel a bit better now!! I am only looking at the ones which are examinable, and had been led to believe i had to remember them all!! I can remember names and the requirements of each one fine - I just can't match all the numbers!!
Fingers crossed for August!0 -
This might help!
Presentation of statements
IAS 1: Presentation of Financial Statements
IAS 8: Accounting policies, changes in estimates
Balance Sheet: Non Current Assets
IAS 38: Intangible Assets
IAS16: Property, plant & equipment
IAS 36: Impairment of assets
IFRS 5: Non current assets held for sale
IAS 40: Investment properties
Balance Sheet: Current assets
IAS 2: Inventories
Balance Sheet: Liabilities
IAS 17: Leases
IAS 23: Borrowing costs
Income Statement
IAS 10: Events after Balance Sheet date
IAS 12: Income taxes
IAS 14: Segment reporting
IAS 18: Revenue
IAS 37: Provisions, contingent liabilities and contingent assets
Consolidation
IAS 27: Consolidated and separate financial statements
IAS 28: Investments in Associates
IFRS 3: Business Combinations
Cash Flow
IAS 7: Cash Flow Statements
Ratios
IAS 33: Earnings per Share0 -
I like that!! Thank you very much! It could definitely help putting them into categories! :thumbup1:0
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That will be okay if we dont have to remember the no's.0
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