Is FSA = Financial Statement Analysis? I’m not having much problem with any of accounting or quantitative stuff but the questions on the smallest differences between the different standards and regulation is driving me NUTS!!! I cannot get it right and am missing like 4 or 5 in every one of the first 4 Readings of Financial Reporting and Analysis. How big a deal are these minute regulatory differences on the test? I cannot keep the damn things straight. This is really the only section that is new material for me but it is really slowing my pace down.
FSA is a beast alright.especially SS-9. It took me lot of time and i cannot say that i have fully understood it nor can i recall the parts i thought i understood.Revision will help… i hope. Differences in GAAP & IFRS are important.Anything in the curriculum is game come exam day. I plan to revise it in the last week.I suggest you read it once or twice and move on. no point in getting stuck and losing out on study time in other areas.
Make a spreadsheet with the differences and similarities.
What helps me, when I’m trying to get something to stick, is when I’m not studying to read real life articles that have something to do with the topic. So just stick GAAP and IFRS into a google news alert, or I use the Forbes mobile reader on my Blackberry. I’m sure its gonna be a lot tougher with IFRS and GAAP than it was with equities, FI, and Derivatives; but you could give it a shot. The Forbes mobile reader is really handy cause the articles are short so I can look at them when while I’m in a waiting room or just sitting around.