Financial accounting concerns — OpenTuition Forums

Former user16y ago

Hey:

I STILL have trouble with debits and credits etc and my base is not entirely strong with some of the other concepts. I fear that whereas I may have a chance of passing F7, I might not have that chance in P2. What should I do regarding this? Should I go over the F3 syllabus again, to make sure that basic concepts are firmly grasped?

Thanks!

Best wishes,

SK

OopentuitionAdmin16y ago#1

Hi SK

Debits and credits? I think your suggestion of F3 revision sounds good. Having said that, the importance of double-entry bookkeeping seems to be mainly for F3 - F7 to a lesser extent and hardly at all in P2. It's probably more important in P7!!!

But, yes, get back into the course notes for F3 - that should help, particularly now that you are that bit more experienced and can hopefully appreciate the rules that much easier.

Best wishes

Werty

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