FRS's & SSP's

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:08AM in AAT student discussion
Does anyone have any tips for learning these? I have a terrible memory and will be sitting DFS/PEV in June. Any help would be appreciated.

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    FRS's & SSP's

    I did DFS in Dec and used the letters to remember - ie FRS 10 is Goodwill because there are Os and FRS 15 is fixed assets because it begins with F!<BR><BR>The questions in DFS are so tiny, it's not worth trying to learn all the standards word for word. I don't know about PEV, I'm doing it in June
  • System
    System Posts: 100,534 🤖 Admin 🤖
    FRS's & SSP's

    SSAP 5 is VAT because V is the roman for 5.<BR><BR>I used lots of silly things to remember them all (forgotten now) but i think that FRS 16 is income tax - if so that is the age you can start earning and therefore have to pay tax.<BR><BR>Try and find a memory jog for each one and then put post it notes on the fridge, computer etc etc, to keep reminding yourself.<BR><BR>They are hell to learn and easily forgotten afterwards!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    FRS's & SSP's

    Harry<BR><BR>I took this in Dec and passed, the only thing I was aware that I had got wrong were the FRS and SSAP numbers (one out on each!!). But I remembered the definitions etc. I thought it'd be pretty petty if I failed simply on getting the numbers wrong and I was right - I didn't fail!<BR><BR>So try to rememeber them but don't panic if you can't - the definitions are far more important and in the 'real world' we would look them up to be able to quote them correctly.<BR><BR>Good luck
  • System
    System Posts: 100,534 🤖 Admin 🤖
    FRS's & SSP's

    Thank you for all your advise, time to get those post it notes out (again)!

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