Small question journals dfs tomorrow- ekk!

reddwarf
reddwarf Registered Posts: 528 Epic contributor 🐘
in AAT Level 4 (Level 8 in Scotland)
Is it reasonable to put IS and SoFP alongside the journals?

Comments

  • Aaron C Rescue
    Aaron C Rescue Registered Posts: 76 Regular contributor ⭐
    I thought you had to, as it indicates that you know where the debits and credits go. Besides - they won't mark you down for including them.
  • taskey
    taskey Registered Posts: 1,800 Beyond epic contributor 🧙‍♂️
    reddwarf wrote: »
    Is it reasonable to put IS and SoFP alongside the journals?

    i will be, as i have them imprinted on the brain - only for the inventories though


    Tracy
  • Esme
    Esme Registered Posts: 711 Epic contributor 🐘
    Can we put our workings in the middle, ie for SOFP would put


    Trade and other receivables 6,690 +32 +3564 10,286



    Obviously more of a space between the 3564 and 10,286 but it's not coming out right on here!!??

    This is how I've been doing it when practising, so they can see where I got all figures from.
  • taskey
    taskey Registered Posts: 1,800 Beyond epic contributor 🧙‍♂️
    Esme wrote: »
    Can we put our workings in the middle, ie for SOFP would put


    Trade and other receivables 6,690 +32 +3564 10,286



    Obviously more of a space between the 3564 and 10,286 but it's not coming out right on here!!??

    This is how I've been doing it when practising, so they can see where I got all figures from.

    i have either been putting them next to the wording, or use the huge space below as long as i am showing what i am working out
  • Esme
    Esme Registered Posts: 711 Epic contributor 🐘
    Ok cool.. thanks.

    I'm going to be so happy when this exam is over!!! My mind is totally boggled!
  • mrspnut
    mrspnut Registered Posts: 70 Regular contributor ⭐
    Esme wrote: »
    Can we put our workings in the middle, ie for SOFP would put


    Trade and other receivables 6,690 +32 +3564 10,286



    Obviously more of a space between the 3564 and 10,286 but it's not coming out right on here!!??

    This is how I've been doing it when practising, so they can see where I got all figures from.

    We have been told that you can't put them in the SOFP, you must make a small annotation ie W1 and then list the workings below with the corresponding annotation.

    They must follow the same format as actual published accounts although we do not have to make the full notes.
  • Esme
    Esme Registered Posts: 711 Epic contributor 🐘
    Ok, better get into the hang of that!!

    thanks
  • taskey
    taskey Registered Posts: 1,800 Beyond epic contributor 🧙‍♂️
    will be doing them at the bottom or a spare sheet tomorrow then lol
  • Tinkerbell007
    Tinkerbell007 Registered Posts: 64 Regular contributor ⭐
    Will we get marked down if the working aren't shown like that? Mine are usually all over the place!!!
  • mrspnut
    mrspnut Registered Posts: 70 Regular contributor ⭐
    Tinkerbell007 wrote: »
    Will we get marked down if the working aren't shown like that? Mine are usually all over the place!!!

    Our tutor got it directly from the examiner so we have been practicing it like that.

    It goes

    Sales w1 2,565,000



    and then at the bottom
    w1
    Sales 2,656,050
    - returns inwards 50
    2,656,000


    and so on.

    It needs to be done like that throughout the whole paper, so for consolidated accounts too.
  • jewels.p
    jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
    I havent been told any of that. On my assignments I sent to my tutor I put my workings alongside each item (Trade Receivables etc) and he said this was an acceptable method.

    As long as the marker can understand your workings I wouldnt think it would matter where you put them.
  • mrspnut
    mrspnut Registered Posts: 70 Regular contributor ⭐
    jewels.p wrote: »
    I havent been told any of that. On my assignments I sent to my tutor I put my workings alongside each item (Trade Receivables etc) and he said this was an acceptable method.

    As long as the marker can understand your workings I wouldnt think it would matter where you put them.

    We were told specifically not to do this after our tutor had her annual meeting with the AAT examiners. I do study at a college though so get weekly contact with my tutor.
  • aimeexox
    aimeexox Registered Posts: 38 Regular contributor ⭐
    I also attend college on a weekly basis and my tutor said it was ok to put workings on the face of the financial statement aslong as they were small workings e.g turnover/revenue.

    Anything bigger than 2/3 numbers needs a working.

    It also says here that you can show simple workings:

    http://www.aat-interactive.org.uk/wiki/index.php?title=DFS_%28unit_11%29_-_pro-formas_provided_in_exams

    Don't know if the link will work.....
  • gguest
    gguest Registered Posts: 14 New contributor 🐸
    i was always told to put w1 w2 etc by the side of the figure and then show the working seperate. Mind u be glad when this is over and done with this exam has done my head in does anyone else feel like that
  • reddwarf
    reddwarf Registered Posts: 528 Epic contributor 🐘
    going to be Ws all over my paper!
  • exam panic
    exam panic Registered Posts: 157 Dedicated contributor 🦉
    oh yes bring it on

    I know how you feel It drive me head in head out and upside down as well

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