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Re: AIA
Hi, first of all as you work in accounts you should be aware that depreciation has no impact what so ever on Capital Allowances and the tax calculations, depreciation is purely for bookkeeping purposes.
I take it that the £10,852 for the first van is the only the Capital element of the finance agreement as it is only this that you can claim AIA on, with the monthly interest charge being claimed as an expense through the P&L.
What happens now is that £3,650 that was received for the old van is the disposal proceeds and then you can claim AIA for the cost of the new van (only the Capital element), so if £14,650 is the Capital cost of the van which you can claim AIA on minus the disposal proceeds will give you the amount you can claim, nothing else is needed
I have based the above on the finance arrangement being a HP agreement
I take it that the £10,852 for the first van is the only the Capital element of the finance agreement as it is only this that you can claim AIA on, with the monthly interest charge being claimed as an expense through the P&L.
What happens now is that £3,650 that was received for the old van is the disposal proceeds and then you can claim AIA for the cost of the new van (only the Capital element), so if £14,650 is the Capital cost of the van which you can claim AIA on minus the disposal proceeds will give you the amount you can claim, nothing else is needed
I have based the above on the finance arrangement being a HP agreement
Re: Calculating payback
For payback, scrap value can be available or recovered as cash when you will scrap it, may be after 5 years, not at the time of investment. Hence, don't take away from initial investment to calculate payback period. Question is: How much time it will take to recover your initial cash outflow which is £450,000 for A and £100,000 for B, not £430,000 for A and £90,000 for B. I hope this clarifies.
Re: Management Costing
The payback period is the length of time it takes for the initial cash outlay for the investment to be recovered in cash (Note that the cash inflow is not the same as the income since depreciation is not subtracted in the determination of net cash flow).
If the cash flow is the same each year, then it equals the initial investment divided by the annual net cash inflow. If the cash inflow in uneven, start with the initial investment and then subtract each year's inflow until the entire investment has been recovered. Consider the scrap value to be the cash inflow in the last year (on selling the investment).
If the cash flow is the same each year, then it equals the initial investment divided by the annual net cash inflow. If the cash inflow in uneven, start with the initial investment and then subtract each year's inflow until the entire investment has been recovered. Consider the scrap value to be the cash inflow in the last year (on selling the investment).
April 2020 Public Affairs & Policy round-up
The AAT monthly public affairs and policy round-up of our lobbying activity etc. is available now here:
https://www.aat.org.uk/aat-news/aat-public-affairs-and-public-policy-activities-april-2020
https://www.aat.org.uk/aat-news/aat-public-affairs-and-public-policy-activities-april-2020
Re: Has anyone here recently self studied AAT without a provider?
Hi. I did it as a self study from sep 2018 to sep 2019. I bought all the books from Osborne and booked the exams with Kaplan. I did occasionally use some ACCA books to help, as I these cover some topics more thoroughly.
(I did level 2 through a local college, but level 3&4 as a self study.) It obviously depends how much time you have available, but I found that if I booked the exam, I would work to that timescale.
(I did level 2 through a local college, but level 3&4 as a self study.) It obviously depends how much time you have available, but I found that if I booked the exam, I would work to that timescale.
Duchess1
5
Re: Has anyone here recently self studied AAT without a provider?
Hi Johnko,
I've started my AAT journey one year ago.
I've done both level 2 & 3 using Osborne books and AAT website only. I passed all my exams first time (I've just got my level 3 synoptic result today).
I have a full-time job so I study in some evenings and weekends. I can manage everything (social life, busy periods) so far. The key is that you have a study plan and goal. I want to finish AAT as soon as I can. Planning to finish level 4 at the beginning of next year.
Another advantage of self-study: you can save lots of money. I pay for books and exams only.
Hope this helps.
Good luck!
I've started my AAT journey one year ago.
I've done both level 2 & 3 using Osborne books and AAT website only. I passed all my exams first time (I've just got my level 3 synoptic result today).
I have a full-time job so I study in some evenings and weekends. I can manage everything (social life, busy periods) so far. The key is that you have a study plan and goal. I want to finish AAT as soon as I can. Planning to finish level 4 at the beginning of next year.
Another advantage of self-study: you can save lots of money. I pay for books and exams only.
Hope this helps.
Good luck!
Viktoria
5
Re: Cash or bank? Cash or credit?
A 'Cash' transaction is where the money moves now, whatever method of payment is used.
But the Cash columns in the cash book really are hard cash, probably in the till or in the safe.
So a payment by debit card is called a 'cash transaction' because the money moves now, but is paid into the bank so would be entered into the Bank column, and analysed accordingly.
But the Cash columns in the cash book really are hard cash, probably in the till or in the safe.
So a payment by debit card is called a 'cash transaction' because the money moves now, but is paid into the bank so would be entered into the Bank column, and analysed accordingly.
mcchoc
5
Re: What result would you be happy with?
Personally I have always been driven on the basis of a PASS is a pass. AAT are looking for you to show competence in the exam not perfect it!
amurray
5
Re: Advanced Bookkeeping Exam Format
Hi soeve yes it should be the same format as the practices though it can vary slightly should be the same type of stuff covered.
Pian32
1
Re: Anyone had any experience with an Online Distance Learning Provider- E-Careers for AAT Level 3& 4??
It's a few years old now but you might find this AAT Comment piece about studying online of some help:
https://www.aatcomment.org.uk/learning/study-tips/distance-learning-study-in-the-real-world/
https://www.aatcomment.org.uk/learning/study-tips/distance-learning-study-in-the-real-world/