Dfs

CJE

How is everyone feeling about DFS? how are you remembering all the isa's?

lala2009

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)

BGTech

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!

lala2009

BGTech - that's a great idea! Might have to steal those!

Londina

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:

lala2009

just remember key words - resource, controlled, past events, future economic benefits :0)

liability, past events, outflow of resources :0)

heartsandstars

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!