DFS

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi

As everyone will know the DFS exam in June is under the new International Standards. I was just wondering if anyone has any revised past papers to account for the changes or any other study material that might be of use in my revision for this topic

Thanks :lol:

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    I study at a college in Yorkshire and my tutor has been on a course with the cheif examiner. She stated that we should use past exam papers to revise, just change some of the terminology. :roll:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    Thanks for that
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    Sorry I forgot to ask :oops: Is it only the terminology that needs changed such as P & L being Income Statement etc. Is everything else just the same. Our tutor told us not to look at the old papers at all as it would be to confusing for us
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    Our tutor said only this morning that it was worthless to go over the past exams because it will only confuse us even more. She did recommend reading the assessors reports though.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    Thanks for that. Think I will just concentrate on my notes from class.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    BPP Unit 11 Revision book has loads of practice exams all in the new standards, They are really quick to deliver, i ordered mine Tuesday and i arrived today. :shock:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    BPP Unit 11 Revision book has loads of practice exams all in the new standards, They are really quick to deliver, i ordered mine Tuesday and it arrived today. :shock:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    Is the revision book unit 11 new out? Do you mind telling me where you got it from?
    Many thanks.

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    http://www.bpp.com/

    The passcards are also really useful,
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    :shock: Oh my god somebody please help!!
    I've just logged on and read that the DFS Exam in June is under the new international standards. I has no idea about this. I sat this exam in December but i failed so i am re-sitting as well as doing PEV and PCR. My Tutor has been off this year so i havent been informed of these changes to the paper. As only two of us failed this subject in the class we havent been doing any DFS in college so we have to revise ourselves. What does these new standards mean? What is going to change? I've been revising using past papers and am now worried i shouldn't be. :cry:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    quite a bit has changed, its terminoligy etc, i suggest that you go on to the BPP website and order the unit 11 revison book and passcards, the revision book has loads of practice exams
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    Hiya Jan,
    Have a look at what the AAT has put on their site for the new standards. Copy and paste the link below. www.aat.org.uk/centres/display/store4/item4139/
    Hope this helps.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    Thanks for your advice. I just cant believe i didn't know about this sooner. As if i'm not stressed enough!!
    Does anybody else feel like they want to just give up?? :cry:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    So stressed, I'm not sure if I should scream or cry or both.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    One minute i'm saying to myself "why am i putting myself through all this stress is it really worth it" then the next minute im saying "what's two months out of the rest of my life, its not a lot to give up if it means passing my exams"
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    Yes I feel the same

    Unit 11 has been the hardest by far as it is so wide in topics... I feel that 2.5 hours per week is not enough

    we have been advised not to look on past papers too and hardly had any homework
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    That's all i've been doing is past papers. I hate the text books i seem to read the same line over and over and cant take any of it in.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    Hi can anyone help. With the DFS exam in June being under the new standards, do we have to learn the FRS/SSAP's and the IAS's? Or do the IAS's replace the FRS and SSAP's??

    Thanks
    Janine
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    I tired asking the AAT if the questions had been re-written to account for the new terminology and lay out but the reply I got was not very helpful. Found the BPP Website extermely helpful especially there notes on the AAT Masterclass that was held regarding the impending DFS Exam
    Ann G
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    In the exam, the IAS's replace the SSAP's and FRS, but of course not in the accounting world, as they both still exist.

    My tutor also raised the point that you now do NOT amortise Goodwill, only make impairments if necessary!

    Kelly
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    hi

    do these books have the answers as well?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS

    hi

    could someone please tell me which bpp revision book it is as there are a couple of different ones

    thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS



    I am an AAT member now studying CIMA and they have already used International Standards in the exams. The IAS's are not difficult because you are not expected to learn the IAS numbers off by heart (as with the FRS's!) because they give you the full title in the exam question.

    Things like Post Balance Sheet Events or Research & Development (Intangible Non-Current Assets) rules, haven't really changed. One question came up on the CIMA May 2006 Financial Statements & Tax Prinicples exam (professional level) Multiple Choice section, 'define an 'expense' as per the IASB' - I just simply quoted the 'economic outflow...' etc, defintion, exactly as I did in AAT's DFS exam. I'm sure I'll get a point, even if it's not exact wording.

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