Joshua Farmer 2 nd Year Management Student 75% of Financial Accounting Exam
Section A: Approximately 80% - 2 Compulsory Questions Question 1 (50%) – Preparing Financial Statements Form Trial Balance and Any Standard Adjustments Question 2 (30%) – Either Ratio Analysis or Cash Flow Section B: Approximately 20% - Answer 1 of 2 Questions Essay Style Question Topics from: Ratio Analysis, Cash Flow, Four Main Accounting Statements, Theories, etc.
Make an equation sheet before and memorize it!!! Do as many practice questions as you possibly can You will be short for time in the exam, the more you practice the easier it will become Re-go over all of your seminar questions and past papers without looking at the answers
Financial Accounting is a process, if you repeat it enough it will become easier Do not underestimate the EQL software – it was probably one of my number one aids to revising Don’t panic in the exam, you are expected to do a lot in a short amount of time, but just getting things like the formatting correct gives you lots of marks Allocate your time based on the percentage the question is worth as a rough guide