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princess
princess Registered Posts: 80 Regular contributor ⭐
Hello!
I am attending the webinar tomoro (thanks very much sandy for arranging this) and was just wondering how this works?? Do we type questions??
Thanks

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  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
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    you can if you wish
    there will be an opportunity to ask questions
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
  • AATmunkee
    AATmunkee Registered Posts: 123 Dedicated contributor 🦉
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    I tried to get involved with that, i sent a message from my hotmail and it said delievry failure.. does anyone know if there are any spaces left as i am sitting PEV on monday n the extra help would be fantastic :)
  • AATmunkee
    AATmunkee Registered Posts: 123 Dedicated contributor 🦉
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    Do excuse my spelling.. been studying business tax this eve at college and my brain is fried!!
  • one-eyed-womble
    one-eyed-womble Registered Posts: 31 Regular contributor ⭐
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    Despite another webinar being added at 4.30, I found out this morning that both are fully booked.

    I didn't get a place due to training up on a new job this week and not having access to my email. I had forwarded my emails onto to a colleague and could have got on the 4.30 course, but they forgot to tell me until it was too late! Gutted.

    Never mind, we'll just have to pass without it :)
  • lilac_angel
    lilac_angel Registered Posts: 66 Regular contributor ⭐
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    Does anyone know if there is going to be one for DFS or where on the website the webinar info is?
  • joerd84
    joerd84 Registered Posts: 56 Regular contributor ⭐
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    Anyone know if there's one for PCR?
  • dobbieobby
    dobbieobby Registered Posts: 231 Dedicated contributor 🦉
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    One of DFS and Personal Tax would be fab.
    Mostly Personal Tax as I dont get it :-)
  • donnaalwill
    donnaalwill Registered Posts: 116 Dedicated contributor 🦉
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    Ack. My computer refused to stay connected to the Webex page. Rather frustrating, I could join for 3 minutes, then it froze so I restarted which took a minute and then joined for another 3 minutes before it happened again!
    However I think this kind of revision tool is a great idea, the page was set up with enough interaction to be quite helpful and the the topic helps to think about things in another way. Shame my computer decided it didn't like it! The last minute revision would have been handy but what I heard was very good and I hope there are more like it in the future (I'll find another computer for those though lol)
    Thanks Sandy & Deepak and I hope I didn't distract anyone by the constant joining and leaving!
  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
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    I was interested to see that although 25 people confirmed that they'd take part, not everyone actually attended.
    It is a shame especially if someone could have taken the place of an absentee.
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
  • donnaalwill
    donnaalwill Registered Posts: 116 Dedicated contributor 🦉
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    I tried my very hardest, but it kept dying on me. Tried to send a thank you message but your inbox is full. Thank you for the effort you both put in, I found the bits I could manage to listen to very helpful. As I stopped trying so far into it I didn't know if I could have passed the entry details onto someone else?
  • lilac_angel
    lilac_angel Registered Posts: 66 Regular contributor ⭐
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    I would have loved to have taken part, but i didn't hear about it till about 2.30pm today on here.
    Are there going to be any more for PEV or any for any other subjects
  • iss072
    iss072 Registered Posts: 12 New contributor 🐸
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    I really wanted to take part but got an e-mail back from the aat to say it was fully booked even though I registered on the 24th Nov
  • Ampsie
    Ampsie Registered Posts: 145 Dedicated contributor 🦉
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    I had booked to attend but ended up having a meeting changed so i had to cancel. I did email at 9am so i hope my place was offered to someone else!

    Ampsie
  • acc1077
    acc1077 Registered Posts: 138 Dedicated contributor 🦉
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    Thank you Sandy I found the webinar very useful.
    Could you however just remind me what target costing is.
    Once again many thanks
    Anita
  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
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    I have received a lot of PMs, but I prefer emails as I can attach word or excel documents to replies.
    Target costing describes the method of calculating the maximum cost you can allow a product to cost by finding the selling price and subtracting the required profit.
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
  • swampy1901
    swampy1901 Registered Posts: 50 Regular contributor ⭐
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    Just wanted to say thank you to Sandy Hood for the Webinar session yesterday.

    I found it really helpful to look at the businesses from a laymans' view which is useful when you are trying to make comments in the what I call the 'writey' bits of the exam paper.

    I am now trying to fix in my brain what 4 factors affect the Gross Profit Margin so I can sound intelligent when I do the exam on Monday.

    Plus it was useful to have pointers about what will gain and lose marks in the exam. All in all - a really helpful session. Hopefully this resit will be my last one!

    Good luck to all doing exams over next week.

    Swampy
  • one-eyed-womble
    one-eyed-womble Registered Posts: 31 Regular contributor ⭐
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    If anyone has any notes that they can send me on the webinar, I'd be most truly grateful. Seems like it was a great session.
  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
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    I have
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
  • swampy1901
    swampy1901 Registered Posts: 50 Regular contributor ⭐
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    Cant seem to upload the Exercises that Sandy Hood provided us with -

    But notes that I took included:-


    Gearing Ratio - Think about how much of the capital that the business is using has been borrowed.

    Ratio: Long term loans/Net Assets+Long term Loans

    Generally speaking a ratio of 1 to 2 considered ok.
    But in a business which is cash orientated this can be lower as no credit is offered. That is - you cant go shopping in a supermarket and say I'll pay you next week you have to pay there and then! So this ratio can be lower and still be considered good.

    Remember to compare the Businesses you are looking at - (to use Sandy's words) in comparing a pizza delivery business with a pizza restaurant - imagine you can walk into each business and see what they have in their shop.
    For example a pizza delivery business will have vehicles to transport the goods whereas a restaurant will have tables/chairs/waiting staff/plates/cutlery etc. But both will need the catering facilities to prepare the food. Look at similarities and differences.


    Report Layouts -

    Remember to set out your replies appropriately eg Reply to an email

    To: Managing Director
    From: Accounting Technician
    Date:
    Subject:

    More than one answer - break it down into sections 1, 2, 3 etc.

    Done in this format will still get you easy marks.


    4 Key Factors that affect Gross Profit Margins

    1. Increasing prices of product sold
    2. Reduction in Selling Prices of product sold
    3. Variable Costs will affect Gross Profit Margins
    4. Increased Sales of a product will affect Gross Profit Margins

    On number 3 if you increase your sales of a product then you will need more materials to make this product, but if you buy more materials then you may be able to get bulk discounts which in turn could lower your overheads.


    Finally making every mark count:

    Every mark has a reason - Is it understood by the Marker?

    Right Answer - but no workings - Full Marks

    Wrong Answer - but no workings - No Marks

    Wrong Answer but cant read the workings - No Marks

    Cant read the answer - No Marks

    Three answers but only two needed - Marker will take first two answers
    - whether right or wrong - cross one out
    when you check your answers.

    Poor Presentation - Can lose marks

    Notes to the marker - If you feel there is ambiguity - make a
    note to the marker giving your reasons.


    Hope that helps - no doubt if I have anything wrong Sandy or someone will be along to correct me.

    Swampy
  • one-eyed-womble
    one-eyed-womble Registered Posts: 31 Regular contributor ⭐
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    That's tremendous. Very very useful. Thanks Swampy.
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