Notes to published accounts

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:08AM in AAT student discussion
Can anyone help ?<BR><BR>I'm currently revising 'published accounts for limited companies' in DFS and am wondering whether in the exam we will be asked to produce the formal notes which support the P&L and balance sheet ?<BR><BR>I'm using Osbourne Books tutorial and whilst it explains the notes in a lot of detail, all the workbook questions relating to the chapter ask for preparation of a P&L and/or balance sheet in FRS3 format but 'notes are not required'.<BR><BR>I'm really confused. Does this mean they won't ask for them in the exam ?? I don't mind learning them if I have to but don't want to waste time learning them that could be put to better use (i.e learning SSAP's and FRS's !!) if it isn't necessary......<BR><BR>Will be grateful if anyone knows.......<BR><BR>Thanks

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Notes to published accounts

    They may ask for a note in a question on it's own. In June 2003 (I think) they asked for a statement of total recognised gains and losses so it is possible. You could take a gamble but it's probably not worth the risk.<BR><BR>Annette

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