PEV/PCR compulsory?????

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
is it just me that thinks what im doing in costings doesnt apply to my job working in an accountancy practise. i dont think they should be the compulsory units!!!

does any one apply costings at their place of work?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV/PCR compulsory?????

    Yes, I do and I work in management accounts. The course is designed for all of us not just those working in practice etc. I hated foundation as it was all about financial accounting, I don't deal with invoices, ledgers or double enrty book keeping but to get to where I am today, I had to! I'm sure there are lots of people on this course who find parts of it unnecessary for their day jobs.. :D
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV/PCR compulsory?????


    PEV & PCR are alien to me and my work. However, if nothing else, they've shown me that accountancy covers more than producing financial statements.

    Helen :wink:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV/PCR compulsory?????

    You should try the Diploma Pathway. You do management accounts (MAC) which is PEV and PCR combined into one exam. I did that at Xmas along with DFS.

    To compensate they give you Business Tax and Personal Tax for the summer exams :shock:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV/PCR compulsory?????

    Hi

    An accountant without management accounting knowledge is a like a doctor without anatomy and physiology knowledge. It might not be something that you use directly now, but it could be one day.

    Management accounting isn't just about working out how much things cost to produce or make or forecasting the future. If used properly it (as its name suggests) is a way of managing and monitoring a business and understanding why things are being done they way they are, why things aren't working for the best and why others do work for the better.

    It also provide background knowledge for other things - I wouldn’t trust an auditor to audit accounts if they didn’t have a general knowledge of how the values in accounts could be derived and of the behaviour of costs.

    Neil

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