PEV Muddle
anniebabe
Registered Posts: 595 Epic contributor 🐘
Keep getting in a muddle with all these variances.
Keep getting volume and capacity mixed up.
Thought I was ok - but I seem to have not taken it in at all
Has anyone else had this problem? - or is it just me?
Trying my best not to get myself in a flap.
Keep getting volume and capacity mixed up.
Thought I was ok - but I seem to have not taken it in at all
Has anyone else had this problem? - or is it just me?
Trying my best not to get myself in a flap.
0
Comments
-
PEV in my humble opinion is the most challenging exam, I struggled with variances so I practiced them non stop until it sunk in.0
-
I hate financial performance, it is so confusing with all of the variances!!0
-
hi guys
thanks for responding,was beginning to think it was just me, ive ended up starting again from the beginning with this unit - getting confused with the fixed variances.0 -
Don't start again from the start, just go pick on the weak areas, rather than all of them!
I'm assuming you found the helpful posts from Sandy regarding these variances, and the oranges from Marga and such? If not, do a search, there should be loads of help on these forums already.
Try and do a question on the variances, find out where you go wrong and figure out why they do it differently or what they are after, and then do the same question again!
It really will help to focus your energy on something you don't understand, rather than reading the text again in this unit, as a lot is understanding how they work and knowing the difference between them.
Try to think of an real life example for yourself if you can. Imagine doing the accounts / budgets for your household and check what the variances are.0 -
Hi Rinske
Thanks for your advice.
I seem to think ive understood the variances but then find I havent, getting a bit frustrating.
So decided to look at all the workbook questions again. I am working from the Osborne Tutorial and Workbook. but have also managed to get a Kaplan book - not sure what the difference is - if its better or not.
I have had a bit of a search on here for posts and there seems to be loads, oranges from Marga? will have to have a look for that not sure about that one.
I am being stubborn and refuse to give up! lol0 -
In my experience variances for something you can imagine or understand mean more than a load of formulas.
Here is a link
http://forums.aat.org.uk/showthread.php?t=19695
with no numbers - just an attempt at understanding what is going on.Sandy
sandy@sandyhood.com
www.sandyhood.com0 -
thanks Sandy was just looking for that.0
-
Here are a couple more http://forums.aat.org.uk/showthread.php?t=22143
http://forums.aat.org.uk/showthread.php?p=112015#post112015
There are lots, if you look in searchSandy
sandy@sandyhood.com
www.sandyhood.com0 -
thanks.0
-
Sorry, it seems the oranges was Sandy's!
I thought Marga had uploaded the word doc from the oranges at some point, hence I thought it was Marga's post and not Sandy's.
O well, Sandy is your saviour really if it comes to variances and budgetting! Just go to his profile, find all posts and work your way through! I'm sure you will find lots of helpful posts there!0 -
i did my variances understanding what i was doing
just try to bring them to your daily life situations (or make them up!)
you buy two potatoes and from each potatoe usually you cut off 5 chips....therefore you should end up with 10 pieces of chips
one day for some reason you are not paying attention and do the chips thinner in a way that instead of 5 chips actually you cut 6 ...therefore you will end up with 12 pieces of chips
variance then is 12 - 10 = 2 chips .....
just understand what you have to compare and it will come to you ....0 -
Thanks for the reply Marga.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 325 NEW! Qualifications 2022
- 160 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 202 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 583 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership