Dfs
CJE
Registered Posts: 9 Regular contributor ⭐ 😼 ⭐
How is everyone feeling about DFS? how are you remembering all the isa's?
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Hi
The statements are fine, but the IASs arent so great! Too many to remember. I am focusing on the ones that have appeared in previous exams and hoping they will come up this year! :O)0 -
IAS's
I have been trying to remember them by matching the IAS numbers with their descriptions and one other item to help memorise.
IAS 7 Cash flow statements - 777 is a win on the fruit machine hence cash flow
IAS 1 Financial statements - The most important part of the standards therefore number 1!
Thats all I can think of for now!0 -
BGTech - that's a great idea! Might have to steal those!
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I'm worried about the definitions, what is an asset & liability? I can't just say what you own and owed, they expect a better one!:ohmy:0
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just remember key words - resource, controlled, past events, future economic benefits :0)
liability, past events, outflow of resources :0)0 -
I am dreading the written elements of DFS - I keep getting in a flap, because knowing my luck the one IAS I don't remember will be the one that comes up, and i will have to try and wing it!0
