DFS Exam - Section 2

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Thier were alot of ratios to talk about. I went through and explained each one, what had happened and why. But i didn't do that much on the comparisons between them all. How much did everyone else write?

Section 1 wasn't too bad i thought, its just this damn section 2 when you don't know how its marked or what you get the marks for?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Exam - Section 2

    I had lots of writing in this section. I put down the workings to each ratio, explained what they meant and commented on each years comparasons.

    Regards

    Dean
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Exam - Section 2

    I just stated how the ratios were calculated, commented if the ratios had improved or worsened between the two years (ie whether it was a positive or negative thing), and what could have caused the improvement / deterioration.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Exam - Section 2

    On question 2.2 b) ii) was the answer supposed to be Relevance, Reliability, Comparitability and Understandability, and then explain two of them?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Exam - Section 2
    JaneK wrote:
    On question 2.2 b) ii) was the answer supposed to be Relevance, Reliability, Comparitability and Understandability, and then explain two of them?

    2.2b asked for two examples of other classes of user who might be interested in the information for financial statements. Explain what they might use this information for.

    You talking about the same question?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Exam - Section 2

    Sorry I think it might be the early part of 2.2 then. The bit about FRS 18 after the easy question on going concern and accruals.

    It's hard to keep track as section 2 was virtually all writing.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Exam - Section 2

    i put something like that if i am thinking of the same answer... so if you did too then thats fab!

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