DFS Section 2
HayleyM
Registered Posts: 63 Regular contributor ⭐
Hi All,
I am just wondering what everyone else is revising for section 2?
I have learnt all the following:
Ratios
Elements of financial statements
Framework defintitions of elements
Purpose of financial statements - "financial position, financial performance & changes in financial position."
Users of financial statements and what they use them for
What makes financial info useful - relevance, reliability, comparability and understandabilty.
Am I missing anything?
I feel like I should know more for this section......
Also, the IAS questions only come up in section 1 don't they?
Thanks in advance and good luck to you all!
I am just wondering what everyone else is revising for section 2?
I have learnt all the following:
Ratios
Elements of financial statements
Framework defintitions of elements
Purpose of financial statements - "financial position, financial performance & changes in financial position."
Users of financial statements and what they use them for
What makes financial info useful - relevance, reliability, comparability and understandabilty.
Am I missing anything?
I feel like I should know more for this section......
Also, the IAS questions only come up in section 1 don't they?
Thanks in advance and good luck to you all!
0
Comments
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sounds like you have it all covered...... I was advised to go straight to section two and write down the calculations for ratios while fresh in mind then go back and start section1.0
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I was advised to do section 2 before section 1 which I've been doing when practicing, gets the long writing out of the way whilst you don't have writers cramp or too much mind block!!0
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Does anyone know if the same person writes DFS and PCR exams layouts??0
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Thanks.. you too!!0
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Apparently Donald Mcaskill is no longer chief examiner for DFS - so don't know if that's a good or bad thing!!
I actually prefer section 2 so that may be the only bit I can do...if we are given the nicer of the ratios!!0
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