AAT LEVEL 4 DAIF IAS, ETC

Vidhi
Vidhi Registered Posts: 5 New contributor 🐸
in Drafting and Interpreting Financial Statements
Hi,
I am struggling with remebering the IAS, IFRS etc. Please can somone give me an easy tip to do this as well as what are the most important ones i should know that tend to be asked more in exams?

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  • shamilkaria
    shamilkaria Registered Posts: 158 Dedicated contributor 🦉
    Hi @Vidhi

    I hope you are well?

    Unfortunately this exam is tough, there is no easy way to remember them without just practicing. There are loads of YouTube videos also try and have a look on AAT's learning portal they do provide good information on there.

    Like for example you have IAS 2 Inventories - Inventories are valued at the lower of cost and net realisable value. Then just break this down like how to get to cost and net realisable value in simple terms. Id suggest just try to remember each one in like 1 paragraph then just practice loads of questions on it. Then you will get the hang of it

    Sorry couldn't be much help here.

    Kind regards

    Shamil

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