Remembering IAS

immense

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:

crispy

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:

immense

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!

visha

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 Share

immense

I like that!! Thank you very much! It could definitely help putting them into categories! :thumbup1:

lorraine

That will be okay if we dont have to remember the no's.