Last question of the DFS paper
Flying Scarlet
Registered Posts: 42 Regular contributor ⭐
Hi guys (again!!)
On the very last question of the DFS paper, after the ratios & analysis there is a question or 2 on the financial standards etc....
what will they ask here?
I failed this paper in the summer due to this question as I passed section 1 & my ratios were correct.
Cheers
FS
On the very last question of the DFS paper, after the ratios & analysis there is a question or 2 on the financial standards etc....
what will they ask here?
I failed this paper in the summer due to this question as I passed section 1 & my ratios were correct.
Cheers
FS
0
Comments
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It will be about the Framework according to the guidance, however it has the possibility of being about an IAS as it was in June. I guess although they say it is about the framework, it could be linked to some knowledge of an IAS0
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Last question of DFS
They will ask for some clarifications on the meanings of IAS's and accounting terminology,
ie Current assets, what is that made up from -cash, cash equivalents, assets held for collection etc.
Also read the Accounting Equation - Assets MINUS Liabilities = Equity, learn the elements.
Hope it helps
Good luck for tomorrow.0 -
Cheers both, feeling a bit better now.
Now then time to get my head round the cash flow things0
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