PEV - Memos/Reports

jackiepowell
jackiepowell Registered Posts: 72 ๐Ÿ’ซ ๐Ÿฏ ๐Ÿ’ซ
Hiya

Ive managed to get the calculations to click! (Well i have for now) lol...

Its these reports that you have to write to the Financial Directors that im worried about speaking about what you have found in your calculations.

Does anyone know what they look for? I have looked at the AAT answers on these and there is no way i will be able to come up with what they have put.

Any advise will be much appreciated.

Cheers
Jackie

Comments

  • taskey
    taskey Registered Posts: 1,800
    i am the same, i think i have got all the formulas and ratios etc but when it comes to the reports i fluff.

    i am just going to put as much info into the report as i can.

    Hope that helps

    Tracy
  • jackiepowell
    jackiepowell Registered Posts: 72 ๐Ÿ’ซ ๐Ÿฏ ๐Ÿ’ซ
    If we woffle, and really put a load of rubbish down, think we will pull through?

    I know what calculations i need to do, but every exam is different isnt it, just want to make sure i pick up the right figures lol...

    I really hope i dont freeze when i walk in there in the morning! Ive worked so hard!!! :crying:
  • swampy1901
    swampy1901 Registered Posts: 50 ๐Ÿ’ซ ๐Ÿฏ ๐Ÿ’ซ
    If you have your AAT magazine for March and April 2009 it gives a really good article on written tasks.
    It gives you the kind of stuff to say that will give you credit rather than waffling on and hoping that the examiner will understand what you're getting at.


    Swampy
  • xxsarahxx
    xxsarahxx Registered Posts: 3 New contributor ๐Ÿธ
    I have found that when writing the reports if I use figures that I already calculated and then explain what could have caused them I am pretty close to the answers. For the first half of the paper you often need to explain why here are variances. For example, increased usage of a material could be down to the purchase department purchasing a lower quality material or lower grade of labour not experienced with the material.

    For the second half of the paper you need to compare the performance ratios. For example, the interest cover is only 1 which means that the business can only pay the interest once from it operating profit.

    Sometimes if you state the obvious you will get marks for it!

    Hope I helped :001_smile:
  • taskey
    taskey Registered Posts: 1,800
    i have just read through the articles and they are very interesting and have put my mind at ease a little.

    Thanks swampy

    Tracy
  • princess
    princess Registered Posts: 80 ๐Ÿ’ซ ๐Ÿฏ ๐Ÿ’ซ
    has anyone got the article please???
  • swampy1901
    swampy1901 Registered Posts: 50 ๐Ÿ’ซ ๐Ÿฏ ๐Ÿ’ซ
    Cor!! You clever pc boffin!! I could never have done that in a month of Sundays!!
    Well done though - means everyone else can have a look too!!

    Swampy
  • gingervicki
    gingervicki Registered Posts: 87 ๐Ÿ’ซ ๐Ÿฏ ๐Ÿ’ซ
    If we woffle, and really put a load of rubbish down, think we will pull through?

    If you have a look at the chief assesors reports they go on about waffle

    basically i stand by these rules...
    if it says explain..... few lines

    analyse...... few lines, and figures, comparisons

    note..... bullet points

    dont go on too much you wont lose marks but you prob wont gain any either - go for as many marks as you can, dont go chasing after the last few..
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