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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
Re: AAT Level 4 Exams
I am unsure of a time limit for sitting exams but you can most definitely sit one every few months, and you only need to resit the module you failed
GMc23
1
Re: AAT Level 4 Exams
@sohag_77 Yes absolutely, you can take the exams on an exam-by exam basis. Have you looked at training providers?
Re: AAT Level 4 Exams
Once you register with AAT, you can take any exam at any time you want. AAT include quite a lot of resources and there is a lot on YouTube although I would strongly suggest you get yourself a set of books as well. You do not need to study with a provider. Hope this helps.
Re: AAT Level 3 Management Accounting Techniques Study Buddy?
Only joking above.
Have a go yourself at the paper, then watch him to see the areas that you need to improve on.
I cannot stress enough that the actually exam is far harder than the practice assessments; especially the excel parts.
Have a go yourself at the paper, then watch him to see the areas that you need to improve on.
I cannot stress enough that the actually exam is far harder than the practice assessments; especially the excel parts.
anony123
1
Re: What is the best order to study the Level 3 units?
Hi anony123,
Thanks for your comment. I would say when a student can understand the double entry, ledgers (specially Vat transactions), it would help them to get better understanding in Tax process for Business.They would be more confident in answering AAT assessment questions.
RAKTHER
Training Coordinator, Osborne Training.
Thanks for your comment. I would say when a student can understand the double entry, ledgers (specially Vat transactions), it would help them to get better understanding in Tax process for Business.They would be more confident in answering AAT assessment questions.
RAKTHER
Training Coordinator, Osborne Training.
RAKTHER
1
Re: Any stories or advice from more mature members who managed to get into accounting in later life?
Hey Tom, I made the change and did my AAT well into my thirties. It took me six months and over 200 applications for entry level accounting roles before I got my first break. It was really disheartening at times but just keep at it. That was nearly 10 years ago now and I am just finishing setting up my own firm.Thanks for sharing that, been feeling down about it and wondering if it's me that's the problem! I'll just keep on going then and hopefully someone will give me a break sooner or later.