Studying for accounting for the last 6 years of my life and come out the other side alive and well i feel i must share some tips i learnt along the way :)
When it comes to financial statements you are half-way there if you can remember the layouts to start with.
So tip 1: Take the Profit And Loss Account. Get the First letter from each row on a Profit & Loss that has almost every possible adjustment that you'll get in the exam.
C=Cost of Goods
You get the idea, Use the template you have from class/exam paper solutions.
Once you have the letters create a story that is funny/creates a picture so that you will remember it and it will make you smile in the exam :)
So Sams Canoe overturned on Green Eels becomes
Cost of Sales
Let you imagination run wild, the more obsure the easier itll be to recall.
These days I use my accountancy qualifications to leverage my income while i grow my online business. As a life time learner i started after accountancy an online digital business course.
If you like to meet my mentors you can click on the link here.