Tips on Written Q's

bethany_ford

Hello,

My exam next week.. does anyone have any tips on the written questions for the ratios and IAS's?

TIA

dumutroba

For IAS
Know the basic points in each standard
Read the questions carefully
Be specific, include calculations where you can
For example include the name of the business where you can, if they manufacture soap, called soap, not items, etc
For ratios
Learn by heart at least 2 of the criteria
The mention of whether the ratio is better or worse gives you 1 mark, so always start with that
Don't waste time writing more than necessary, you can achieve only 5 marks per ratio, the one I mentioned above and 2 for each correct explanation given. Writing more on one ratio won't compensate for lack in other
Be able to explain the working capital cycle
Don't explain the formula