Which units from Auditing/Personal/Business Tax do people choose and why?

reddwarf

I understand you have to do two of the three above for Diploma. What advice have you been given by college/course provider? And which did you choose and why?

Thanks anyone!

A-Vic

Hey red

Ive already deceided to do the tax papers (exams) as i work in practise and the main service provided is tax returns and starting to do them at work. However am starting to get tempted by the Audit simulation - due to it been something new and something that would come in handy later on

reddwarf

Is the Audit option a simulation rather than an exam?

lewpylew

I chose cash & credit which was just a skills test and will be more than likely doing Personal Tax in December. I have heard Audit is very easy but it is not something I will ever need so opted for something else.

A-Vic

reddwarf wrote: »

Is the Audit option a simulation rather than an exam?

Yeah the Tax (personal & Business) are exams the audit is a sim

Sonny_L

Hi, if you fancy doing ACA later on think about doing all four.

A-Vic

Sonny_L wrote: »

Hi, if you fancy doing ACA later on think about doing all four.

That was what i was thinking about but id have to do the rest stand alone as the college wont allow me to do them all

AK002

I'm going to choose Business Tax exam & Audit sim as i work in practice and i am getting sent to my first audit as an audit junior in a few weeks, and have to deal with CT600 prep on a daily basis.

mark130273

wish we had the choise........MY college told us which ones we are doing ?

Pinkjo

Ditto :001_rolleyes:

mark130273

Pinkjo wrote: »

Ditto :001_rolleyes:

why your not from wirral met ?

Bookworm55

My college insisted we all did both tax units. We didn't have the option of cash management or audit.

mark130273

Bookworm55 wrote: »

My college insisted we all did both tax units. We didn't have the option of cash management or audit.

trust me you didnt want to do them units ?

Bookworm55

trust me you didnt want to do them units ?

I don't understand what you're saying. Are you telling me you think I was right not to do those units or asking me if I wanted to do them?

I didn't really have any preference. I think the tax units were interesting, but I haven't been able to put them into practice.

marknotgeorge

Can't remember what other units we're doing at my college next year, but I know we're doing the personal tax unit. My tutor has said that she plans to do the business tax unit as an optional extra, which I'm seriously considering.

Luflux

I was told that if you are progressing onto Cima then its best to do both the tax units and the other two if you are going to progress onto ACCA.

A-Vic

Luflux wrote: »

I was told that if you are progressing onto Cima then its best to do both the tax units and the other two if you are going to progress onto ACCA.

I might be wrong but i was told the other way around

mark130273

so if i only did the audit and cash management units . what does this mean for me if i want to do ACCA ?

A-Vic

mark130273 wrote: »

so if i only did the audit and cash management units . what does this mean for me if i want to do ACCA ?

as put before try and do all four.

But i know my college have introuced ACCA this year and they want us to continue on after AAT so they will get us to do the most apropriate units for that

mark130273

well didnt have the choose of the other units and didnt want to take them by myself ...when i didnt have too .......just hoping i dont have to do an extra year to become chartered ??

Bluewednesday

Mark you don't have to take any particular options to get your exemptions, you will get the same amount no matter what.

I actually did cash management and both taxes (college gave us the option to do 3 if we wanted) and found the taxes really useful for the business tax paper of ACCA but no extra exemptions for it.

I would recommend you take the ones you can and don't worry about it