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Business Statements

Chimpette22Chimpette22 Feels At HomeRegistered Posts: 75
Hi Everyone,

Moving onto business statements, quick question do you have to learn and memorise every single IAS's...?

Fully AAT qualified July 2015


  • amyjayne27amyjayne27 Trusted Regular Registered Posts: 314
    Hi Chimpette,

    Do you mean Financial Statements? Its best to learn as many as you can, as the written question on part 1 usually involves an IAS you have to refer to and it could be any of them.

    If you are finding it too hard to remember them all (I did) make flashcards with the number and title of the IAS on one side, and a description on the back. Carry them around with you and look at them as much as possible.

    It worked for me!

    Good luck, I really struggled with this unit but managed to pass first time so I am sure you will be fine.

  • Chimpette22Chimpette22 Feels At Home Registered Posts: 75
    Hi Amyjayne,

    Thanks so much that is a great idea.

    Happy you passed first time, hopefully I will follow suit :smiley:
    Fully AAT qualified July 2015
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