FNST - Finding IAS's really hard to remember!!

missm4ry4mmissm4ry4m Well-KnownPosts: 177Registered
Hello all,

My exam is next Thursday and I'm finding it really difficult to remember the IAS's!! Anyone passed this exam and would kindly suggest any tips? Or how to revise for them?

Thank you in advance!!

Comments

  • SamiHSamiH Well-Known Posts: 179Registered
    Good morning :)

    Don't know if it helps, but I have sticky notes over my kitchen units with the IAS's on so I see them daily. My exam is not until 20th December but I read them each time I go down. They are sinking in bit by bit. Might work for you.

    Good luck :)
  • missm4ry4mmissm4ry4m Well-Known Posts: 177Registered
    Thank you I'll try that that!

    I wish my exam was then, mines in this Thursday coming!!!

    Thanks and good luck to you too!!
  • Jo ClarkJo Clark Font Of All Knowledge Posts: 2,526Registered
    SamiH wrote: »
    I have sticky notes over my kitchen units with the IAS's on so I see them daily.

    This is exactely how I learnt my IAS's. I also used this method for the ratios in FNST and FNPF and when helping a friend revise her ratios.

    Good luck to you both.


    JC :o
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • missm4ry4mmissm4ry4m Well-Known Posts: 177Registered
    Thanks Jo :)

    I'll defo try that!!
  • Clintm15Clintm15 Well-Known FarehamPosts: 247Registered
    Hello,

    I wrote them down in bullet point format. I wrote down the key points as short and as direct as possible. I got my girlfriend to test me whenever we had a spare minute and I felt that within a few days I knew the basics of each IAS/IFRS. I took the exam 10 days after receiving my Osbourne book.

    I feel people overestimate this unit(at least the IAS/IFRS's). If you don't panic and trust your memory you will do this no problem.

    Good luck :)
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  • missm4ry4mmissm4ry4m Well-Known Posts: 177Registered
    Hello Clint,

    This is the method I'm currently using. I find bullet points a good technique when revising!

    I also agree when you say that the exam is over-estimated. I think people tend to have problems with the written questions/reports.

    Thank you :)
  • Steve CollingsSteve Collings Experienced Mentor Posts: 997Registered
    I tend to agree with the bullet point method. Remember you're not going to be expected to write war and peace on the accounting standards - as long as you have the main technical content covered, you should be fine. E.g. IAS 2 'Inventories' - lower of cost and net realisable value. Get a handle on what constitutes 'cost' and how NRV is arrived at - those sorts of things.

    Good luck

    Steve
  • missm4ry4mmissm4ry4m Well-Known Posts: 177Registered
    Thanks Steve :) I'll keep that in mind.
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