Expecting the worse

MrUniverse

:001_smile::001_smile:Now then!!

Ive been a member for 1 year and just today registered for the forum.

Could anyone out there tell me what it takes to fail the foundation exam. Now, i dont beleive i did aswell as i expected to have done. Firstly i could not get my trial balance to balance, although i did specify an entry in the suspense for the difference.

I see myself as an intelligent and knowledgable person inre gards to accounts, but i guess im really just expecting the worse....a big.fat.fail!!

according to last years records...only 1 person failed the foundation exam at the college i have been attending.

Another thing, a colleague has made me aware that if a fail does happen you can resit next year whilst still studying intermediate...is this correct!

All help is very much appreciated!

Cheers! :001_smile:

MOHMEDSALIM PATEL

Still to early

I believe you should not think about the word Fail.Hope for the best.

phunkyphantom22

Has been a few years since I did my PLB foundation exam but I'm sure my TB didn't balance and I used a suspense account and I passed first time, so really don't worry about it - I'm sure you'll be fine and even if the worse did happen, 'tis not the end of the world and you can re-sit. :001_smile:

lessci

I'm waiting on results for my Intermidiate, but I know someone in my class last year didn't balance the trial balance and didn't even enter a suspense account and still passed, it all dependes on how well you completed the rest of the paper.

ambitious

If you showed your workings then you have nothing to worry about. Showing you can prepare the balances is probably more important than getting the TB to balance.

sgtwindows007

i wouldnt worry about it. My trial balance didnt balance and i forgot to enter a suspence account in and i still passed. As long as you did everything else right you should be fine. My teacher said before as long as enter a suspence account you wont be penalised. overall dont worry.

jorja1986

IF you did fail then yes you can resit the Foundation year while studying towards the intermediate and take all exams required in December.

I am sure that my TB didnt balance but I showed all my workings and I passed. Although I have sat many exams and seen many TBs since that day!

welshwizard

Someone I know never got a trial balance/ balance sheet to balance and he passed all the financial accounting units at all levels! You have shown that you knwo what to do if you don't have a balance by utilising a suspense account - I would think any examiner/marker would give you credit for that!

MrUniverse

Thanks for all your help....i feel much more reassured after reading you posts!

speegs

Hey don't worry about.

As I understand it, you can start your AAT qualification at Intermediate level anyway so if the worst happens and you fail (and believe me if this was the only thing you got wrong you WILL NOT fail) I would not bother retaking it. You will have to do unit 31 though, if you haven't already.

I have just done my last Diploma level exam so I am kind of used to knowing how it feels when you think you have failed and believe me when I say that I sat through one exam crying because I just couldn't do it (my MAC paper) and I still passed.

:thumbup:

Speegs

TankGirl1972

MrUniverse wrote: »

:001_smile::001_smile:Now then!!

Ive been a member for 1 year and just today registered for the forum.

Could anyone out there tell me what it takes to fail the foundation exam. Now, i dont beleive i did aswell as i expected to have done. Firstly i could not get my trial balance to balance, although i did specify an entry in the suspense for the difference.

I see myself as an intelligent and knowledgable person inre gards to accounts, but i guess im really just expecting the worse....a big.fat.fail!!

according to last years records...only 1 person failed the foundation exam at the college i have been attending.

Another thing, a colleague has made me aware that if a fail does happen you can resit next year whilst still studying intermediate...is this correct!

All help is very much appreciated!

Cheers! :001_smile:

Just to let you know, my trial balance didn't balance (I know it was to do with the VAT account, grrr!) but i just got my PASS! You'll be fine. I know for a fact a few other things i got wrong too. Good luck x

lauraet

Just to reassure you more.....

If you put a suspense account in you should be fine. They apparantley mark the papers figure by figure, not just a whole mark for a balanced TB so dont worry, you'll be fine!!! My technician level Balance Sheet didnt balance and I passed and I stressed out for three months waiting for the result!!!

TankGirl1972

laurath@hotmail.com wrote: »

Just to reassure you more.....

If you put a suspense account in you should be fine. They apparantley mark the papers figure by figure, not just a whole mark for a balanced TB so dont worry, you'll be fine!!! My technician level Balance Sheet didnt balance and I passed and I stressed out for three months waiting for the result!!!

I didn't put a suspense account for it though. I knew it didn't balance coz i messed up on the VAT account so annoyed I just left it... and still passed! lol

MrUniverse

Hey,

Just received my results today.....i passed!

opening the post was probably without doubt one of the most nerve racking things ive done.

Congratualtions to anyone else who passed!

Cheers

lauraet

Thats excellent news, Congratulations!!! Makes all the hard work worth it doesnt it!!! :thumbup:

cat

well done i didnt get mine to balance either and im sure i had a few more mistakes was so sure i was going to fail but iv PASSEDDDDDDDD:laugh::laugh::laugh:

MrUniverse

Sure does!! Bring on INTERMEDIATE BABY!!