Hey Sir,
Hope you are well, just went through the Kaplan revision,
I am yet to go through the lectures on Accounting Standards.
And I just finished the published company accounts lectures here at OT.
Do you think I should attempt any of the revision questions under 'Preparation of single entity financial statements'? Or should I finish the accounting standards first and then attempt.
As I went through some Revision Kit questions which have Trial Balance, but most of the additional notes sounded ancient!!!
Let me know your thoughts.
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5y ago#1Hi,
I'm great, thanks. It sounds like you're well as you are making good progress through the materials.
I would not attempt the published company accounts questions until you've covered all of the accounting standards. Without knowledge of these then you cannot answer a full published company account question as they will involve several different accounting standards.
Thanks
Hey Sir
Thanks alot! I have started the accounting standards now, just a lil shocked on the amount of accounting standards which we have to go through and learn! Any tips on how we can efficiently remember and apply them
Couldn’t they make it any simple. ?
Im giving the exam in march,
I have finished all the lectures except the accounting standards and interpretation of financial statements. Hope to reach wrap everything up on time!
5y ago#3Hi,
The only way to remember and apply them is to practise as many questions as possible. I'd focus on the multiple choice questions first as they're a useful way to consolidate the knowledge of the accounting standards.
Thanks
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