• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>

Draft financial statements

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Draft financial statements

  • This topic has 3 replies, 2 voices, and was last updated 2 years ago by Kim Smith.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • January 26, 2023 at 11:01 am #677385
    alawi sayed
    Participant
    • Topics: 301
    • Replies: 352
    • ☆☆☆☆

    Hello Sir,

    If in any time we want to say that refer or check the financial statement then in this case do we have always to say refer to draft financial statement and never to say that we may check the approved financial statement or a better way to say it “check the financial statement”.

    I suppose that always the audit will be based on the draft financial statement.

    Thanks,

    January 26, 2023 at 11:47 am #677389
    Kim Smith
    Keymaster
    • Topics: 135
    • Replies: 8312
    • ☆☆☆☆☆

    You should be guided by recent published answers – e.g.

    “Cast a breakdown of revenue and agree to the general ledger, trial balance and draft financial statements.”

    It would not be appropriate to say “approved” because the audit will have finished by then (!)

    January 26, 2023 at 7:08 pm #677409
    alawi sayed
    Participant
    • Topics: 301
    • Replies: 352
    • ☆☆☆☆

    Thanks for clarification.

    January 27, 2023 at 8:03 am #677448
    Kim Smith
    Keymaster
    • Topics: 135
    • Replies: 8312
    • ☆☆☆☆☆

    You are welcome!

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Draft financial statements’ is closed to new replies.

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • mabdullah31 on Conceptual Framework – ACCA SBR lecture
  • MikeLittle on Illegalities – ACCA Corporate and Business Law (LW) (ENG)
  • roksy on Illegalities – ACCA Corporate and Business Law (LW) (ENG)
  • Fola94 on Presentation of financial statements – introduction – ACCA Financial Reporting (FR)
  • John Moffat on Financial management objectives – ACCA Financial Management (FM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in