- May 13, 2020 at 2:38 pm
I am going to take FR in Sept 2020, I had claimed exemption from FA and hence don’t really have an FA background.
What is the best way to approach FR, I am very confused and not sure how to approach and which chapter to start or what basic do I need to revise before starting F7.
Many ThanksMay 13, 2020 at 7:49 pm
If you have an exemption from FA then you must have an FA background. Exemptions aren’t given for nothing so it is more likely that what you learnt at the time is not as fresh as it could be.
The key element from FA is published company accounts, so you need to ensure that you are familiar with the format and how they are prepared from the trial balance. Key accounting standards from FA are inventory and PPE, both of which are covered within the FR class notes and videos.
I’d recommend that you study FR as normal, going through the class notes and videos in the order that they are shown. You should then find that you pick things back up pretty quickly. If you don’t then you can always ask specific questions on here and/or drop back briefly into the FA class notes and videos. I think though that you should find the FR materials sufficient.
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