peugeot

System

I read in a recent post to sandy hood that you may have some idea of what to concerntrate on for the december DFS exam. Sorry if someone has already asked this but these new forums are really confusing me, i did check but may of missed it.

Many thanks in advance

Vik

System

Re:peugeot

Hi Vik,

The problem with DFS is that the syllabus is huge and there is so much to learn. Students often think that if they don't know each and every part of the syllabus in intricate detail that they will fail. That isn't the case with this topic. The main areas to concentrate on (in my opinion) are the key FRS's (FRS 12 (Provisions) - this always comes up)) and FRS 8 (Related Parties) together with FRS 18 (Accounting Policies), FRS 15 (Fixed Assets) and of course FRS 1 (Cash Flows). These FRSs always seem to raise their heads but DO NOT QUESTION SPOT. Do not rely on this post. To gain competence in DFS you have to have a broad knowledge of the BASIC demands of the subject. For example, consolidations will no doubt appear on this paper either in whole (eg consolidated balance sheet/P&L or both) or in part (as was the case in June). Try not to rely too much on exam "tips" as these are compiled by plotting the subjects that arose in previous sittings and comparing them to the syllabus as a whole.

In summary, get a good basic knowledge of the syllabus and keep hammering exam style questions. You can not do too many questions.

Good luck
Steve

System

Re:peugeot

Thanks for that. Im just getting sooo nervous now.

System

Re:peugeot

My tutor suspects the examiner will put in more about associated companies accounts this time, but it's only a guess.

Also as we need to pass both sections 1 and 2 I am making sure I know all the ratios as this is a big part of section 2. I would hate to fail just because I didn't know some of the ratios.

Good luck!