DFS where do I start???

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Debs2809
Debs2809 Registered Posts: 42 Regular contributor ⭐
in AAT Level 4 (Level 8 in Scotland)
Hi Fellow AAT students

I've just sat down to start studying for the DFS exam and I don't know where to start!
Has anyone got any tried and tested ways of helping me getting started in this subject...
I understand in class but when left to my own devices!!! I'm lost!!!

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  • Rinske
    Rinske Registered Posts: 2,453 Beyond epic contributor 🧙‍♂️
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    Have you gone through the books and learned it all?

    If so, reread your notes and such. Do lots of practice exams and see what areas you still need to work on...

    If you are just starting, then start with working your way through the book.
  • Rachey
    Rachey Registered Posts: 589 Epic contributor 🐘
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    And join our DFS revision thread..... hehehehe!!
  • Rinske
    Rinske Registered Posts: 2,453 Beyond epic contributor 🧙‍♂️
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    Oh, Rachey is right, join the game too!
  • Rachey
    Rachey Registered Posts: 589 Epic contributor 🐘
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    Rinske wrote: »
    Oh, Rachey is right, join the game too!

    However, I do think you're advice was more appropriate!

    I'll be honest, it's only within the past few weeks that it's started to click with me. You'll be fine after a bit of practice, don't worry yourself and keep calm.
  • Debs2809
    Debs2809 Registered Posts: 42 Regular contributor ⭐
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    My notes are all over the place??/ this is a nightmare.... Why did I not organise them better in class?
  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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    debs are you sitting the exam next month?
  • Debs2809
    Debs2809 Registered Posts: 42 Regular contributor ⭐
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    Yes June 17th!!! Can't wait - think my confidence has left the building!!
  • noodles
    noodles Registered Posts: 308 Dedicated contributor 🦉
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    I am sitting the DFS exam in 2 weeks and I am really worried about it. I passed the first section but failed the 2nd section in december. I am spending the whole weekend on learning the ratio's and analysing the company information as this is the part I failed on.
  • reddwarf
    reddwarf Registered Posts: 528 Epic contributor 🐘
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    We joke at college about just staring at the book hoping something will click, this seems to be the beginning of the process for each set of new concepts we have to grasp!!! There are several stages of staring more for some people than others! then the little clicks start to happen!

    We could start a thread on just ratio analysis?? I found talking to OH about this subject worked well, so I think conversations really help here.

    So whose's going first?
  • Rinske
    Rinske Registered Posts: 2,453 Beyond epic contributor 🧙‍♂️
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    reddwarf wrote: »
    We could start a thread on just ratio analysis?? I found talking to OH about this subject worked well, so I think conversations really help here.

    OH = Other humans?
  • Rachey
    Rachey Registered Posts: 589 Epic contributor 🐘
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    Rinske wrote: »
    OH = Other humans?

    Other Hobbits?
  • taskey
    taskey Registered Posts: 1,800 Beyond epic contributor 🧙‍♂️
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    Rachey wrote: »
    Other Hobbits?

    outrageous hair?
  • Primble
    Primble Registered Posts: 734 Epic contributor 🐘
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    Rachey wrote: »
    Other Hobbits?

    now setting one up
  • Rinske
    Rinske Registered Posts: 2,453 Beyond epic contributor 🧙‍♂️
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    Primble wrote: »
    now setting one up
    Does that mean you are a hobbit?
  • Primble
    Primble Registered Posts: 734 Epic contributor 🐘
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    Rinske wrote: »
    Does that mean you are a hobbit?

    doh, i keep pressing quote regardlss of what i am saying as i got hooked on the games
  • Rinske
    Rinske Registered Posts: 2,453 Beyond epic contributor 🧙‍♂️
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    So you're not a hobbit?

    I thought it was quite a nice thought really.

    AAT now offering study to humans and hobbits....
  • rach12
    rach12 Registered Posts: 10 New contributor 🐸
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    Hi, I was wondering do you have to repeat the whole exam or just the section you didn't pass?

    Rach
  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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    Hi rach

    A fail on one section in an exam means a total re-sit :(
  • reddwarf
    reddwarf Registered Posts: 528 Epic contributor 🐘
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    I just saw the discussion over hobbits, made me LOL!!! actually I meant 'other half' I suppose he does look at bit like a hobbit sometimes the hair and all ,(though I won't tell him).

    Sorry to be boring again but...now about explanations of ratios?

    eg. explain Interest Cover?
  • noodles
    noodles Registered Posts: 308 Dedicated contributor 🦉
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    This is a finance ratio - profit from ops/finance costs. It measures whether you are making enough profit to cover your finance costs.

    Q - What ratio is also known as primary ratio and why?
  • reddwarf
    reddwarf Registered Posts: 528 Epic contributor 🐘
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    Return on Capital employed also known as the Golden ratio because it is the most effective ratio used in financial analysis. It expresses the operating profit of an entity in relation to the resources available to it. It helps with appreciation of the same return on cap employed being reached in different ways, depending on the type of business. It can be broken down in to the two secondary factors of;

    net profit% and asset turnover ratio
  • Rachey
    Rachey Registered Posts: 589 Epic contributor 🐘
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    reddwarf wrote: »
    Return on Capital employed also known as the Golden ratio because it is the most effective ratio used in financial analysis. It expresses the operating profit of an entity in relation to the resources available to it. It helps with appreciation of the same return on cap employed being reached in different ways, depending on the type of business. It can be broken down in to the two secondary factors of;

    net profit% and asset turnover ratio

    I've just asked about asset turnover on the DFS Revision thread!! How strange! I wasn't sure what it was....

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