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Level 3 Faps
Hi there, I’ve had 3 cracks at the faps exam, 62% first time 68% the second time and now I have just got 66% 
really infuriating as I’m getting great scores in my practise exams. I seem to be struggling with how the extended trial balance questions are worded on the actual exam. It’s been “below requirement” on all 3, I really focused on it during revision this time and felt very confident but then in the exam crumble with it. Any advice would be very helpful.
really infuriating as I’m getting great scores in my practise exams. I seem to be struggling with how the extended trial balance questions are worded on the actual exam. It’s been “below requirement” on all 3, I really focused on it during revision this time and felt very confident but then in the exam crumble with it. Any advice would be very helpful.
Re: Business Tax - Marginal tax relief - Help!
The first method (per the study text) is correct to calculate the tax on total profits. The second method is only used to calculate the marginal (or additional tax) due on profits between £50k and £250k. So to calculate tax on profits of £100k use method 1. If you have profits of £50k and then earn an additional £100k of profits, the additional tax on the £100k will be £100k x 26.5% = £26,500.
uis143
1
Re: Best ACCA Institute of Pakistan
Yes, I have done ACCA ATX from Sir Owais Mirchawala. I highly recommend this institute to every ACCA Students.
Re: How hard is it to self study AAT Level 3
@Crystal_Krystal
There are 4 exams in total
Tax processes: tax points
Preparing fininabcisl statements: defo accruals and prepayments, suspense accounts and partnerships
Management techibques: aplyrtionment and reapportionment, breakeven point and EXCEL IS important
Business awareness: like above PESTLE, TARA, MONEY laundering
Excuse the spelling errors done quickly:)
There are 4 exams in total
Tax processes: tax points
Preparing fininabcisl statements: defo accruals and prepayments, suspense accounts and partnerships
Management techibques: aplyrtionment and reapportionment, breakeven point and EXCEL IS important
Business awareness: like above PESTLE, TARA, MONEY laundering
Excuse the spelling errors done quickly:)
anony123
1
Re: Should I study GCSEs or AAT Level 3 first
Yh tbh I forgot about l2 over last to last summer. L3 is harder but not much; a lot of more double entries to learn especially accruals and prepayments.
You need your maths and English in anything that you do so getting your gcse out the way would be great.
Make sure you refresh yourself quite often.
You need your maths and English in anything that you do so getting your gcse out the way would be great.
Make sure you refresh yourself quite often.
anony123
1
Re: Should I study GCSEs or AAT Level 3 first
I would recommend doing ur GCSEs first and pass maths and English first
anony123
1
Re: AAT Level 3 - Preparing Financial Statements
Hello,
Inventory should be measure at lower of cost or Net Realisable Value:
Cost:
£ 10 * 3 = £ 30
NRV:
Selling Price £ 20 less 10 % discount = £ 18
Selling Price £ 18 * 3 = £ 54
Less: Repair cost £ (40)
NRV £ 14
Therefore Inventory valued at £ 14
Inventory should be measure at lower of cost or Net Realisable Value:
Cost:
£ 10 * 3 = £ 30
NRV:
Selling Price £ 20 less 10 % discount = £ 18
Selling Price £ 18 * 3 = £ 54
Less: Repair cost £ (40)
NRV £ 14
Therefore Inventory valued at £ 14
crispy
1
Re: Management Accounting Techniques Study duration
@wilburnet He is totally right. I would increase it to around 15 hours per week as preference, but it all depends on the content taught and how easy it is for you to retain the information. And yes do not leave the excel part it is very difficult.
anony123
1
Re: Management Accounting Techniques Study duration
If you can commit 10-12 hours per week then I'd say 12 weeks. Don't put off Excel practice until last. Also take a look at First Intuitions revisions on You Tube
