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How important are the entries in FR? They can either pop up in Section A or Section B but is that really the focus of the exam or is it crunching the numbers and the presentation of the financial statements etc. Remembering the debits and credits are what is the most challenging aspect of the exam for me and I need to know if I should really spend a lot of time on it.
Hi,
It is a Financial Reporting exam, so debits and credits are very important to help you understand the entries being made in the accounting standards on the syllabus. Yes, some questions within the exam will be crunching numbers but to be able to do this a sound knowledge of debits and credits from FA will be of huge importantce.
Thanks
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