Financial Statements - accounting standards

freakyogre
freakyogre Settling In NicelyRegistered Posts: 20
Hello,

I am currently studying the Financial Statements unit and just wondered how much information we need to know on the accounting standards.

I've got the list of the 14 standards, some of which are summarised quite well, but some are extremely long!

I understand we are supposed to know what each one means as such, but how much of the detail of each are we expected to remember?

Many thanks for any help :)

Comments

  • Clintm15
    Clintm15 Well-Known FarehamRegistered Posts: 247
    You are doing the right thing. Just summarize as much as you can. If you remember the key points it will be enough to pull you through.
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  • freakyogre
    freakyogre Settling In Nicely Registered Posts: 20
    Thank you - sorry, only just seen your reply :)
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