Best approaches to remember all IFRS rules

Hi Lika, Don't get too stressed that you're finding the higher level exams a challenge, all students do. It is a different style of exam at this level, they're not the type of exam where you can learn a set methodology and apply it. You're required to think a bit more and apply your knowledge to a more real world scenario. You're correct that you need a good knowledge of the accounting rules, so yes do begin to make a summary of the rules for each standard but try and ensure that you give particular attention to some of the ones that make regular appearances (financial instruments, revenue, PPE, share based payments, provisions). When you're working through the past exam questions then I'd work through Q1 first. It is a good test to help see if you understand the rules of the accounting standards, plus there are some easy marks on ethics in the last part to each question that a lot of students neglect. Once you're comfortable with the accounting standards then begin to move on to the other questions, where you will find it a challenge but always think firstly about identifying the relevant accounting standard(s) and then initial recognition and subsequent measurement. Have a look at the videos on these types of question to help you first maybe. Hope this helps. Thanks