DFS CBA - how is it marked?

oli

Hi there,

Yesterday I re-sat my DFS exam, unsure of how I have done. The first statement of comprehensive income and financial position didn't balance, I was out by £20,000 which I couldn't work out, I showed all my calculations in the workings section. I think I did ok on the multiple choice questions and ratios, the written questions I felt I may have babbled quite a bit but included examples where possible, I was surprised to find that the consolidated statement of financial position balanced.

I really hope I have passed but am so unsure, does anyone know how they mark the DFS exam? Do you get any marks if the statement of comprehensive income/financial position doesnt balance, do they take workings into account?

Becky V

Well by my experience i really dont think it matters whether it balances or not! I sat my first FNST exam and couldnt get the first financial position to balance but the consolidated statement balanced but still failed. On my feedback that appealed for it said i MET on this question.
Second time i sat the exam everything balanced and i thought i did better with the mutiple choice and ratios etc but still failed!
I have appealed again to see where i have gone wrong!
Good luck with yours

ms sadat

As they say u will get marked for ur workings bt seriosly i dont know how it works .i have my DFS CBA on friday and i am freaked out ,i have been revising for a month now and still dont feel confident enough.
@oli : was it similer to the practice CBA in the AAT website or difffrent ?was there any cash flow ?any recomendation on revision ?

oli

@ms sadat: I had no cashflow, had a comprehensive income and financial position, a consolidated financial position, ratios, multiple choice questions and a few written questions, I think that you also need to know the IAS's aswell.

It seems to be mostly like the AAT practice paper to be honest

uknitty

I've just booked to do my FNST on 5th August. Ulp.

oli

Good Luck uknitty :-)

nonmugglesue

BeckyV the exact same thing happened to me on my first exam, my SFP didn't balance but my consolidated statement did, I also failed but it would be nice to know where I failed (how do I find out?)

What is the pass rate needed? I think it is 70% on both parts which is hard on section 2 as these are just reports?

I am retaking tomorrow. Fingers crossed to everyone doing this exam.

Becky V

nonmugglesue wrote: »

BeckyV the exact same thing happened to me on my first exam, my SFP didn't balance but my consolidated statement did, I also failed but it would be nice to know where I failed (how do I find out?)

What is the pass rate needed? I think it is 70% on both parts which is hard on section 2 as these are just reports?

I am retaking tomorrow. Fingers crossed to everyone doing this exam.

I appealed against mine but you can only do this within 10 days of receiving the result. It just told me what i exceeded, met or did not meet. As i have failed again i have appealed again so now waiting the results!!

Good luck for tomorrow!

nonmugglesue

Thanks Becky,

I am going to see how the next one goes but if I fail I am going to question why.

Jo Clark

nonmugglesue wrote: »

What is the pass rate needed? I think it is 70% on both parts which is hard on section 2 as these are just reports?

I am retaking tomorrow. Fingers crossed to everyone doing this exam.

Hello

You are correct - the pass rate is 70%. Section 2 is not just reports it also includes ratios - knowing the formula and using sets of accounts to calculate ratios and possibly IAS/IFRS.

Good luck for tomorrow!