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Do we need to know t accounts for cashflows in the financial reporting exam?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Do we need to know t accounts for cashflows in the financial reporting exam?

  • This topic has 2 replies, 2 voices, and was last updated 2 years ago by P2-D2.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • March 24, 2023 at 2:04 pm #681749
    sashafarah
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Hi, I’m able to work out by subtracting and adding and I understand the concept of working out for example PPE purchased, dividends and tax paid.

    Will I have to do t accounts in the exam and therefore lose marks or can I show my working in a different way?

    Also, will t accounts come up in a question and then we have to work out things from there or are trial balances what we will get?

    Thank you so much to Open Tuition for being free and very informative. I am so grateful!

    Sasha

    March 25, 2023 at 8:32 am #681773
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi Sasha,

    Thank you for your kind comment and I hope we can see you through the FR exam.

    You don’t have to use T-accounts in the exam. Provided you are clear with what you have done in the working then all will be fine. Just remeber that we won’t see a full question on SCFs, we will only see extracts being asked for.

    Thanks and good luck with the studies.

    March 25, 2023 at 8:32 am #681774
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi Sasha,

    Thank you for your kind comment and I hope we can see you through the FR exam.

    You don’t have to use T-accounts in the exam. Provided you are clear with what you have done in the working then all will be fine. Just remeber that we won’t see a full question on SCFs, we will only see extracts being asked for.

    Thanks and good luck with the studies.

  • Author
    Posts
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