Financal Statements

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Denise Willett
Denise Willett Registered Posts: 8 Regular contributor ⭐
I have failed Financial statements three times now

I can not get my head around cash flow and the five workings.

I have just taken a look at Steve Collings book IFRS for dummies has anyone used this and do they think it would help. Dont want to buy another book that wont help.

I do rate Steve...........confused

Got the exam 28 May not sure if I shouldput it for another month

Help please

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  • pirate
    pirate Registered Posts: 469 Dedicated contributor 🦉
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    Is it worth trying to go on a revision course?

    I found this really helped me to consolidate my knowledge of the subject, that and past papers.

    It may be worth looking at the areas you are weakest in and really concentrating on those areas. Do you know what you failed on?

    HTH
  • Barry
    Barry Registered Posts: 101 Dedicated contributor 🦉
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    I bought Steve's book and I have to say its really good. I've also got Clare Finch's book that might help you as well but both are good books and they know there stuff.
  • Denise Willett
    Denise Willett Registered Posts: 8 Regular contributor ⭐
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    I have now purchased the book and should get it Monday. I am still thinking abouting to end of June to re take cause I have the following happening

    Daughters Wedding 2nd June and all the stress that brings
    then
    Budgets exam 28 June

    I may be putting to much on myself???
  • Steve Collings
    Steve Collings Registered Posts: 997 Epic contributor 🐘
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    Hello Denise

    First, don't think that not getting through the exam is an actual "fail" - put it down to further preparation. You will have a good idea in terms of expectations for the next one.

    My book does cover the statement of cash flows in chapter 2 and goes through the workings. What I suggest you do is to have a look at the chapter, see if it makes sense and if you would like me to have a chat with you about the statement of cash flows, I am more than happy to do so. You can send me your contact details to my email: steve.collings@accountancystudents.co.uk. Sometimes a quick chat about something makes all the difference.

    Hope the wedding goes OK on the 2nd.

    All the best

    Steve
  • linzip1703
    linzip1703 Registered Posts: 35 Regular contributor ⭐
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    Hi Denise

    I feel your pain, i have failed this 4 times now and i really am struggling on what to try next, i dont have a problem on the financial side but the bloody ias's.
    I found Clair Finch's book very useful, i too am due to resit on 28th May.

    Well fingers crossed thigs work out for you this time
  • Denise Willett
    Denise Willett Registered Posts: 8 Regular contributor ⭐
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    THanks Linzip

    I was taking it on the 28 May but I have decided not to now got to much going on at home and worl at moment.

    Good luk let me know how you do.

    Denise
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