Best Of
Re: Business Awareness Exam - Failed
Just try your best I got 80.
Yt videos on first intuition were really helpful
Writing you just gotta write.
Yt videos on first intuition were really helpful
Writing you just gotta write.
anony123
1
Re: Can someone confirm I have purchase the correct BPP books for business awareness?
My books did look different
anony123
1
Level 2 2022 - Kaplan publishing Books for sale - Unopened
POBC - Revision kit
BENV - Study manual
TPFB - Study manual
FAPS - Revision kit
PCTN - Study manual
MATS - Study manual
ITBK - Revision kit - partially used
BENV - Study manual
TPFB - Study manual
FAPS - Revision kit
PCTN - Study manual
MATS - Study manual
ITBK - Revision kit - partially used
Meir
1
Re: How much overlapped between L4 AMAC and L3 MATS
AMAC unit will expect a lot of assumed knowledge from not just MATS but the costing unit in Level 2
Re: Next steps
Hi @Tanya0997
When your manager asks what you want to do try to specify that you wish to do management accounts for example try to specify that you wish to get more involved into the management / operational side not just transactional accounting. So you wish to prepare the management accounts and explain them, get involved in accruals, prepayments, deferred income etc.
Unfortunately because it was mentioned that you are open to anything they couldn't specify what to give you without sounding harsh. You could be right that they were clear what they wanted.
I am happy to help you find a role, but I would suggest speaking to your manager and letting them know the jobs you wish to do. If they are unable to give them to you then I would consider moving as there is no room for progression.
Where are you based if you don't mind me asking, London, Birmingham etc?
Many thanks
Sham
When your manager asks what you want to do try to specify that you wish to do management accounts for example try to specify that you wish to get more involved into the management / operational side not just transactional accounting. So you wish to prepare the management accounts and explain them, get involved in accruals, prepayments, deferred income etc.
Unfortunately because it was mentioned that you are open to anything they couldn't specify what to give you without sounding harsh. You could be right that they were clear what they wanted.
I am happy to help you find a role, but I would suggest speaking to your manager and letting them know the jobs you wish to do. If they are unable to give them to you then I would consider moving as there is no room for progression.
Where are you based if you don't mind me asking, London, Birmingham etc?
Many thanks
Sham
Re: Next steps from level 3
You need to be very careful, AAT level 4 is the first year of uni and is very tough and a huge step up from level 3 with business tax, statements for companies eg.
But ACCA if you do these in particularly with business tax and tax you will be exempt from the first year and then you will only have 2 years left although there will still be 6 exams if I remember correctly.
So you have to weigh this up, with the amount of time you have free to revise, work and social time and relaxation. (So many equations on level 4 ass well ffs!)
But ACCA if you do these in particularly with business tax and tax you will be exempt from the first year and then you will only have 2 years left although there will still be 6 exams if I remember correctly.
So you have to weigh this up, with the amount of time you have free to revise, work and social time and relaxation. (So many equations on level 4 ass well ffs!)
anony123
1
Next steps from level 3
Hi all!
I've been wondering where to go once I've completed my level 3, and considering which path might be best:
ACCA is a global recognised body, and there is a huge amount of free and paid material out there to help with revision and exams, and the fees are quite reasonable, as all students pay the same subscription fee, regardless of academic level. There is no requirement to be employed by an approved employer, nor do you have to study with an approved learning provider, if you wish to self-study and save some money.
ICAEW's ACA qualification, though, is considered the Gold Standard of accounting, earning the prestigious title of "Chartered Accountant", and opposed to ACCA's "Certified Accountant". However, you must be employed by an approved employer to complete the qualification, however, this also helps to gain the 3 years work experience that both qualifications (ultimately) require.
No matter which way I look at it, though, it looks like I'll be going on to AAT level 4 first - both ACCA and ICAEW offer exemptions for some of the first exams, and being able to study under the same tutors I've had for the last 2 years will also be less of a pressure.
Whilst I initially thought that AAT was a more expensive option - the registration for level 4 alone is £225, plus tuition, textbooks, stationery & travel, there are some benefits; When you complete the level 3, you can then apply for the AATQB membership, which comes with the added benefit that if you then go on to apply for the level 4, you receive a discount on the price of the level 4 registration equivalent to the cost of the AATQB - Essentially, you're getting 1 year's free membership with professional letters after your name, but if you decide to study through a college, you have the option of funding the cost of the course through a student loan, helping to spread the cost.
Whilst there are online providers offering some payment plans for the ACCA qualification, it is entirely self-funded, as no (means-tested) student loans are available for further, accredited learning - Which is why accountants charge so much!
What are everyone else's views on the subjects?
I've been wondering where to go once I've completed my level 3, and considering which path might be best:
ACCA is a global recognised body, and there is a huge amount of free and paid material out there to help with revision and exams, and the fees are quite reasonable, as all students pay the same subscription fee, regardless of academic level. There is no requirement to be employed by an approved employer, nor do you have to study with an approved learning provider, if you wish to self-study and save some money.
ICAEW's ACA qualification, though, is considered the Gold Standard of accounting, earning the prestigious title of "Chartered Accountant", and opposed to ACCA's "Certified Accountant". However, you must be employed by an approved employer to complete the qualification, however, this also helps to gain the 3 years work experience that both qualifications (ultimately) require.
No matter which way I look at it, though, it looks like I'll be going on to AAT level 4 first - both ACCA and ICAEW offer exemptions for some of the first exams, and being able to study under the same tutors I've had for the last 2 years will also be less of a pressure.
Whilst I initially thought that AAT was a more expensive option - the registration for level 4 alone is £225, plus tuition, textbooks, stationery & travel, there are some benefits; When you complete the level 3, you can then apply for the AATQB membership, which comes with the added benefit that if you then go on to apply for the level 4, you receive a discount on the price of the level 4 registration equivalent to the cost of the AATQB - Essentially, you're getting 1 year's free membership with professional letters after your name, but if you decide to study through a college, you have the option of funding the cost of the course through a student loan, helping to spread the cost.
Whilst there are online providers offering some payment plans for the ACCA qualification, it is entirely self-funded, as no (means-tested) student loans are available for further, accredited learning - Which is why accountants charge so much!
What are everyone else's views on the subjects?
Re: AMAC AAT task 3 paper 1
Usage:
To make 1,000,000 units they should have used 20,000 kg (1,000,000 x 0.02)
They actually used 19,000 kg (1,000,000 x 0.019)
The reduction of 1,000 kg should save £2,000 (1,000 kg x £2/kg)
This is the usage variance
Price:
The 19,000 kg they used should have cost £2/kg
It actually cost £1.82/kg
This is a saving of £0.18/kg, or £3,420 (0.18 x 19,000)
See also "Standard cost Variances 1"
To make 1,000,000 units they should have used 20,000 kg (1,000,000 x 0.02)
They actually used 19,000 kg (1,000,000 x 0.019)
The reduction of 1,000 kg should save £2,000 (1,000 kg x £2/kg)
This is the usage variance
Price:
The 19,000 kg they used should have cost £2/kg
It actually cost £1.82/kg
This is a saving of £0.18/kg, or £3,420 (0.18 x 19,000)
See also "Standard cost Variances 1"
PeterC
1
Re: Studying and Exam for Level 3 Qualified Bookkeeper
Hi,
It is advised to do it through a training provider as the accounting in UK might be different from Philippines but you can give the assessments without enrolling with training providers by getting the valid AAT membership. You can do skill check on AAT website to see the best AAT qualification for you.
Best Regards,
Mahnoor Tung
Osborne Training
It is advised to do it through a training provider as the accounting in UK might be different from Philippines but you can give the assessments without enrolling with training providers by getting the valid AAT membership. You can do skill check on AAT website to see the best AAT qualification for you.
Best Regards,
Mahnoor Tung
Osborne Training