Best Of
Re: Career guidance required
Hi @Chris_Woods , we agree with @CSan89 our branches would be a great place to meet AAT professionals who would be able to offer more detailed advice, you can find your nearest branch here: https://www.aat.org.uk/branch-listing-uk
Are you thinking about further study (Chartered for example) or more along the lines of how to progress in an accounting role?
Are you thinking about further study (Chartered for example) or more along the lines of how to progress in an accounting role?
Re: Websites for jobs for the over 50s
It's a concern because I seem to get rejected from jobs which I am more than capable of doing.Hi,
I get the feeling that employers look at cv, and work out my age from the qualifications and work experience.
Just seen your post. You don't have your age on your CV do you? (Because you don't have too). Employers cannot discriminate against age (Or should I say, shouldn't discriminate!), though you hear about cases in the press which is just awful in this day and age.
Do you have your education listed out on your CV? (i.e. from schools/colleges/etc). If so I'd remove the year you attended and just state the qualifications you gained.
Also regarding any work experience/employment I was always told to only state 5 years of history on my CV, and for the years prior I was advised to put various positions/various companies short description but not to mention dates.
Hopefully this way they are not able to discover your age, and if they do they should NOT be using this against you, never never!
If you've got the experience and/or qualifications you are more than entitled for an opportunity to be interviewed.
I'd speak with some recruitment agencies/HR Professionals and seek further advice and tips!
Hope this helps in some way.
Re: Self employed catering trailer
As long as other evidence of the transaction can be shown then a written paper receipt would not be a problem.
Depreciate on whatever policy the business wishes to adopt.
Include all pre-trade expenses as having been incurred on day one that the business starts to trade.
Depreciate on whatever policy the business wishes to adopt.
Include all pre-trade expenses as having been incurred on day one that the business starts to trade.
Re: Budgeting assessment 1, task 3
Produced units x times taken to produce one unit@dumutroba thank you so much i really appreciate your help, i'm struggling with this unit i just cannot seem to get my head around it
348000x5/60=29000h required
29000h-26240=2760h will be overtime
Re: Budgeting assessment 1, task 3
Solution@dumutroba thank you so much for this.
Re: Breakeven volume
@oney
First find the contribution per unit which is £3.00.
b) Breakeven - £57,000/£3.00 = 19,000 cans. This means when you produce 19,000 cans it will cover your fixed overheads.
c) Breakeven Sales Revenue - 19,000 cans x selling price (£5.00) = Total revenue £95,000
d) Margin of Safety - Budgeted Sales - Breakeven / Budgeted Sales = 20,000 cans x £3.5 contribution per unit = £70,000 Budgeted Sales - Breakeven which is £56,000 (Fixed Costs) = £14,000 (£70,000 - £56,000) then we divide this by Budgeted Sales and we get the answer of 20% (£14,000 / £70,000 = 0.2 x 100 = 20%). This means our Margin of Safety is 20% of 20,000 cans which is 4,000 cans.
e) Target Profit - Breakeven (£56,000) + Target profit (£31,500) / £3.50 contribution =25,000 cans. This means we need to sell 25,000 cans to achieve a target profit of £31,500.
Remember a company has to clear fixed overheads before they can actually make any profit.
*d - To find contribution per unit for section D you need to take Contribution per batch (£42,000) and divide by units per batch (12,000).
Let me know if this makes sense!
First find the contribution per unit which is £3.00.
b) Breakeven - £57,000/£3.00 = 19,000 cans. This means when you produce 19,000 cans it will cover your fixed overheads.
c) Breakeven Sales Revenue - 19,000 cans x selling price (£5.00) = Total revenue £95,000
d) Margin of Safety - Budgeted Sales - Breakeven / Budgeted Sales = 20,000 cans x £3.5 contribution per unit = £70,000 Budgeted Sales - Breakeven which is £56,000 (Fixed Costs) = £14,000 (£70,000 - £56,000) then we divide this by Budgeted Sales and we get the answer of 20% (£14,000 / £70,000 = 0.2 x 100 = 20%). This means our Margin of Safety is 20% of 20,000 cans which is 4,000 cans.
e) Target Profit - Breakeven (£56,000) + Target profit (£31,500) / £3.50 contribution =25,000 cans. This means we need to sell 25,000 cans to achieve a target profit of £31,500.
Remember a company has to clear fixed overheads before they can actually make any profit.
*d - To find contribution per unit for section D you need to take Contribution per batch (£42,000) and divide by units per batch (12,000).
Let me know if this makes sense!
Re: Break even volume and margin of safety
@oney
What exact help do you need? As they are formulas all you need to do is to memorize them, If you need help working out a question, then post the question here and I am sure someone will be able to help.
Personally, there aren't that many formulas you need to know in Costing unit, so if you can try and memorize them
Practice them every day and you'll see they will be stuck in your head forever!
What exact help do you need? As they are formulas all you need to do is to memorize them, If you need help working out a question, then post the question here and I am sure someone will be able to help.
Personally, there aren't that many formulas you need to know in Costing unit, so if you can try and memorize them
Practice them every day and you'll see they will be stuck in your head forever!Re: Pre-release Material
@Dimps92
Log in to AAT Website, then you should have an option to Access Study Materials, click on that. Then choose the level & unit, in your case Level 4 Professional Diploma in Accounting -> Professional Synoptic. There you will find Green Light Tests, mock exams and pre-realese material for live exam.
Before reading pre-release material make sure you select the right one!! As there are Pre-Released materials for MOCK Exams and Pre-Realesed materials for LIVE exam!
Log in to AAT Website, then you should have an option to Access Study Materials, click on that. Then choose the level & unit, in your case Level 4 Professional Diploma in Accounting -> Professional Synoptic. There you will find Green Light Tests, mock exams and pre-realese material for live exam.
Before reading pre-release material make sure you select the right one!! As there are Pre-Released materials for MOCK Exams and Pre-Realesed materials for LIVE exam!