dfs what are the chances

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Dear all
I am studying for DFS, have only completed chapters 1 - 3 + chapter 6 cash flow statements of Osbourne books there are 8 chapters in total.
I was planning to sit the exam in Dec 07 + a PEV re-sit. I have been on holiday for 2 weeks and anything I learnt before has been wiped completly and I feel I do not have enough time to study for DFS for Dec.

In reality am I right in thinking I have run out of time and should wait and sit DFS in June 08 and just concentrate on revising for PEV and sit just that in Dec 07. Or are both achievable if I put the time in (bearing in mind DFS is a new subject for me and so learning from scratch) I work full time so study time is limited to evenings and weekends

Advice would be appreciated

Thank you

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances


    DFS chapters 1-3 and 6 pretty much cover most of the number crunching stuff you'll encounter in section 1 of the DFS exam.

    Chapters 4 & 5 cover the main IAS'es - any of which could crop up - that you'll be expected to give short written answers on. Don't take this as Gospel, but I personally think that if you're decent enough on the number crunching but slightly weaker on the general accounting knowledge, you'll still be usually okay as long as the advice you give/the points you write aren't completely erroneous!

    Chapter 8 covers consolidated accounts which sound scary but once you've mastered the basic principles they usually aren't too difficult.

    Chaper 7 comprises the whole of section 2 of the exam so you MUST learn this to pass the whole thing, however there are various methods to help you memorise the formulae and comment on the ratios. I have some flash cards that you can cut up, laminate if you wish and carry around with you. They worked for me, so I'd be happy to send them on to you. Let me know your e-mail if you want them.

    Although your confidence currently seems low, remember that today is only the 1st of October and the exams are still over two months away. You're at least as advanced in DFS as those on a college timetable so I think you have plenty of time to learn the rest of it.

    Regards,

    Robert
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Blobbyh
    Thank you for your help
    I have just sent you a private message with my email address

    CB
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Robert

    I would be interested in receiving a copy of your flash cards if its not too much trouble.

    Many thanks

    Brian :)
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    My college class will be sitting DFS in December. We started term on 17th September, and thus far haven't really been taught much, we've mainly been going over the principles from Intermediate to make sure we still understand the underpinning knowledge.

    None of us feel we'll pass the exam at this rate, but the college has good results historically, and one assumes they always work in this way.

    If they trust their pass marks to us being at this stage 2 months from the exam, it must be more than possible.

    Stick at it. learn all you can - do your best.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    We are using Osbourne books for DFS and we used them for all courses so far. I have always found them good but is it me or does the DFS book seem a bit disjointed? terms are used quite often before they are defined (amortisation was one in Ch 4) and in Ch 6 they start commenting on cashflow statements pages before they explain what the key points to look out for are. Maybe its just that I amused to being a bit spoonfed in the past but this book seems a much lower standard than the others used so far and also the other books we are using this year....mind you I am finding DFS a bit of a challenge - more the IASs than anything else.... I think the volume of material is much larger than I am used to. :shock:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    The trick with the IASs is to have a basic understanding of how they work rather than get bogged down trying to revise them in too much detail. For example, IAS 18 (Revenue) has certain criteria that have to be met for revenue to be recognised. It is helpful to have a summary of each IASs key points and in terms of IAS 18 have the criteria listed on flash cards to kick start your memory.

    A key revision technique would also be to apply IASs to scenarios - even when the question does not actually state the requirement - as this "backs up" your answer and shows the examiner you are able to apply your knowledge to a given scenario, rather than regurgitate text book contents.

    Kind regards
    Steve
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    we was told that advise at our college.our tutor said not to worry about getting all details but just do a basic approach to the standards.

    this is my 4 attempt at Dfs but i feel more better prepared thanks to pegeuots advise and my college.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Hi

    I have a list of IAS standards and brief definitions which someone forwarded to me last year, if you would like a copy.

    Please email yasicla@talk21.com and I will reply with attachment.

    Yas
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Dear Robert

    I am in the same boat and would love to receive flash cards you mentioned. Also the consolidation method which is easiest.

    My email address is marilyntozer@hotmail.com

    Regards.

    Marilyn
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Robert

    Could I be really cheeky and ask you to send me your flash cards as well? I would be eternally grateful. I've just started studying this week and could do with all the help I can get, particularly as I'm home-studying.

    My email is: mouseontheroad@yahoo.co.uk

    Thank you so much in advance.
    Jen
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    can I have one please
    my email is: popcornlpw@yahoo.com
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    I failed the DFS in June and had thought of taking again in Dec but feel as though there is too much to remember, so will do in June next year. Please could you send me a copy of your flash cards as i really struggled trying to remember everything. Thanks
    f.chatburn@btinternet.com :cry::cry:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    please can i have a copy of the flash cards my email is juliedoyle1@gmail.com. thankyou very much i failed dfs in june and now i am resitting in december so i need all the help i can get
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Hi Robert,

    Could I possibly have a copy of the flash cards as well.

    My e-mail is Tintern15@hotmail.com

    Any help is very much appreciated.

    Thanks
    Steph :D
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances


    Bookmarked to here. Yas very kindly sent me her IAS notes so I'll also send those out in future with my ratio analysis cards.

    Regards,

    Robert
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Dear Robert,

    Can I have some of your flash cards too

    Thanks

    nicola@pennygar.wanadoo.co.uk
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Hi Robert

    I am starting DFS after Christmas, I'm sitting PCR and PCT in December.

    I would be most grateful if you could send me the flash cards too!

    Thanks a lot.

    Sarah :)
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Doh! been studying PCr too much tonight!
    It would help if you had an address!

    sarah@thewalkers52.fsnet.co.uk
    thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Blobbbh
    Would it possible to send the flash cards for DFS , I never did received them, I sent you a private message with my email address
    Cheers
    CB
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Hi Robert/Blobbyh

    Any chance I could have a copy of your flash cards too!

    Thank you.

    address is: lindsayvine@fsmail.net
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Hi Robert

    Can I please have a copy also, I have received the info from Yas which is very helpful but am trying to get all the help possible!

    email address is: angozich@yahoo.com

    Cheers
    Ange
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Hi Robert

    Can I also have a copy of the flashcards and anything else that might be of help when studying DFS

    My email address is:mags10000@hotmail.com
    Thank you very much for your help :?
    Margaret
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Hi Robert,

    May I have a copy too please. I will pm my email address

    Many thanks in advance

    Jackie :)
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Hi Blobbyh

    I haven't received the DFS flash cards yet - I know you've had a lot of requests, are you still OK to send :?:

    LindsayV

    lindsayvine@fsmail.net
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances


    Sorry Lindsay, the forum's been so out of synch lately that it's difficult to see when new messages arrive!

    Bookmarked to here.

    Regards,

    Robert
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Hi Robert

    Could I also have a copy of your flash cards:-

    janette.charnock@ntlworld.com

    Many thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:dfs what are the chances

    Hi Robert,

    Please can I have a copy of your flashcards!

    Many Thanks in advance

    Kelly

    kelly@furnishingdreams.com

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