FNST - Just started

kelly86

Hi all,
I have just passed AAT Level 3, and have leapt straight onto Level 4 ... first unit FNST ...
I am now panicking!!
I have been reading through the forum and it appears this unit is one that many people struggle with ... I am only on the first chapter of my Osborne book and feel like i cant do it!
Completely worried about my exam already (which is in a couple of months time), and was wondering whether anyone else had just started this unit?
Thought it would be good to study, bounce ideas around and swap knowledge with someone in the same boat ... if not, any advice on where to start with the IFRS's would be great!!
Should probably add I am teaching myself through distance learning ... which I am already regretting!
Thanks all,
Kelly

stephleedz

Hi there,

FNST is the last module for me and fingers cross touch wood the last exam. I go to Kaplan Reading 2 nights a week which started last Tuesday. We have just done session 3 which would be session 3 in the book. We are set homework todo although this is not marked if we want to do well it is better that we do it! I spent all day Saturday doing a questions we were set trying to get my head around putting together Income Statements and Statements of Financial Position...yes I am also struggling to get to grips with this. I don't work in accounts so although this is stuff we are meant to know I haven't done this sort of stuff in what's seems a very long time! So if it makes you feel any better I know how you feel...although you are doing it a lone which I admire you for I dot have a clue how you do it!

Steph

mobility

Hello

I started level 4 end of jan and have Limited Company Accounts exam next month. It was meant to be last fri but cant seem to get info to stay in head. Using Osborne and attending a class one morning a week but most of us struggling. Im working my was back through chapters and on 3 at moment.

zimba

Hi there

I have also just started level 4 and my first unit is FNST as well. I am panicking as well!.

I have read only two chapters and nothings gone to head!!. Seems quite tough. I am studying distance learning through Kaplan and I do not come from an accounting background!.

guinea pig

Don't panic!
I know exactly how you feel, as I was in the same boat last September, and had this horrible "hitting a wall" feeling with Financial Statements, and later with Financial Performance. It seems for ages that nothing is going in, Keep at it, do lots of practice questions to help you learn, including AAT Greenlight, and the Osborne quizzes, and then Eureka! you will find that it is falling into place. These two are probably the toughest at level 4, especially with the written questions, and the standards to learn. Take one chapter at a time, and if you can, be flexible about setting an exam date - not too early.
Good luck,
GP

Clintm15

kelly86 wrote: »

Hi all,
I have just passed AAT Level 3, and have leapt straight onto Level 4 ... first unit FNST ...
I am now panicking!!
I have been reading through the forum and it appears this unit is one that many people struggle with ... I am only on the first chapter of my Osborne book and feel like i cant do it!
Completely worried about my exam already (which is in a couple of months time), and was wondering whether anyone else had just started this unit?
Thought it would be good to study, bounce ideas around and swap knowledge with someone in the same boat ... if not, any advice on where to start with the IFRS's would be great!!
Should probably add I am teaching myself through distance learning ... which I am already regretting!
Thanks all,
Kelly

Hi Kelly,

I finished level 3 a few weeks ago and have just finished reading through the FNST book by Osborne. I feel comfortable with this unit and I am more than happy to share/swap knowledge with you.

I am also a self studier and would enjoy some peer feedback.

Clint

Morpheus1980

kelly86 wrote: »

I have been reading through the forum and it appears this unit is one that many people struggle with ... I am only on the first chapter of my Osborne book and feel like i cant do it!

I think the trick is not to let other students' experiences colour your own view of how complicated a module will be. It's easy to come on the forums and to read about how people struggle with FNST and to then automatically think 'this subject is going to be hard!'

I've just started this module (on Chapter 4 of the Kaplan book at the moment) and am finding it invigorating, to say the least! I've got 6 weeks until the exam but appreciate that there is an awful lot of info to take in, and do sometimes wonder if this is enough time. However, I've decided to take it one chapter at a time, and I would advise that you do the same. Make sure that you fully understand the concepts of each chapter before you move onto the next, and spend time doing the exercises at the end of each chapter to consolidate your learning.

I must say, I'm loving doing the statements of financial position and the statements of comprehensive income! Not so much looking forward to learning the IFRS's, but hey-ho, Level 4 is never meant to be a complete breeze! Good luck Kelly!