Cash Management Tips

Mollypod88
Mollypod88 Registered Posts: 155 Beyond epic contributor 🧙‍♂️
in AAT Level 3 (Level 6 in Scotland)
Hi Everyone,

Just thought it would be good to get some feedback on Cash Management from those of you who have sat the exam.

Any pointers to ways of remembering things would be great.

Thank you! :001_smile:

Comments

  • Chimpette22
    Chimpette22 Registered Posts: 75 Epic contributor 🐘
    I'm finding it a struggle to remember all the short term/long term bank overdraft/loan chapters....

    Have to get my brain in gear...! Got my exam booked for the 15th :huh:
    Fully AAT qualified July 2015
  • Sammmy88
    Sammmy88 Registered Posts: 283 Dedicated contributor 🦉
    Snap! I have mine on the 15th too!! :-D Where are you taking yours?
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
  • Chimpette22
    Chimpette22 Registered Posts: 75 Epic contributor 🐘
    Sammmy88 wrote: »
    Snap! I have mine on the 15th too!! :-D Where are you taking yours?


    Great minds :o) I'm taking it at Reading at 10am, where are you taking yours?

    I quite behind to be honest I thought I would have taken the exam at the end of April but everything kind of got in the way and so I didn't book it.. doh!

    Still got Work Ethics & Tax to go after this. I can see you've passed these, what are they like?
    Fully AAT qualified July 2015
  • Sammmy88
    Sammmy88 Registered Posts: 283 Dedicated contributor 🦉
    I am too taking mine at Reading at 10am, in the Kaplan centre!

    They are the best ones! lol! Very much like the AAT Pratice papers! Short and sweet! Are they the only ones you have left?
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
  • Chimpette22
    Chimpette22 Registered Posts: 75 Epic contributor 🐘
    No way... LOL I'll see you there then :thumbup1:

    Well yes those and Cash management. I see you've still got costs and revenues, I quite liked that one
    Fully AAT qualified July 2015
  • Sammmy88
    Sammmy88 Registered Posts: 283 Dedicated contributor 🦉
    Lol!!! See you there!!

    I hate costs!! I've already taken it Once and failed! :-(
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
  • Mollypod88
    Mollypod88 Registered Posts: 155 Beyond epic contributor 🧙‍♂️
    Chimpette22 wrote: »
    I'm finding it a struggle to remember all the short term/long term bank overdraft/loan chapters....

    Have to get my brain in gear...! Got my exam booked for the 15th :huh:


    I'm struggling with this too Chimpette22! It seems all the hard work like revised calucations etc I can do but can't remember the easy bits! My exam in 17th May :(
  • Chimpette22
    Chimpette22 Registered Posts: 75 Epic contributor 🐘
    Sammmy88 i'm sure this time you'll breeze through it :thumbup1:

    Mollypod88 I know, I seem to have no problems with the calculation bits but I just can't get my head around this... gonna sit down tonight when my monsters are in bed and have another look at it.

    Fingers crossed we all pass :001_smile:
    Fully AAT qualified July 2015
  • Mollypod88
    Mollypod88 Registered Posts: 155 Beyond epic contributor 🧙‍♂️
    I have my exam next thursday and now feel even less confident. Not looking forward to it and its meant to be one of the easiest exams!:-(
  • Sammmy88
    Sammmy88 Registered Posts: 283 Dedicated contributor 🦉
    How did you find the exam??
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
  • Mollypod88
    Mollypod88 Registered Posts: 155 Beyond epic contributor 🧙‍♂️
    Sammmy88 wrote: »
    How did you find the exam??

    Did you both pass?
  • Chimpette22
    Chimpette22 Registered Posts: 75 Epic contributor 🐘
    Hi,

    I think the exam was harder than the practise ones, and there was some questions that I hadn't even studied for about interest rates.

    But I managed to pass... :thumbup:

    How did you get on Sammy??

    Good luck with your exam next thursday :thumbup1:
    Fully AAT qualified July 2015
  • Sammmy88
    Sammmy88 Registered Posts: 283 Dedicated contributor 🦉
    Hiya!

    I totally agree with you there! I was quite a tough one, and a lot harder than the practice ones!

    I too passed!!! Woo hoo!!! :lol:

    Good Luck with your Exam on Thursday! :001_smile:
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
  • Chimpette22
    Chimpette22 Registered Posts: 75 Epic contributor 🐘
    Excellent Sammy congratulations.

    One 1 more for you and then your done..!

    Lucky, I'm moving onto Indirect Tax now :huh:
    Fully AAT qualified July 2015
  • Sammmy88
    Sammmy88 Registered Posts: 283 Dedicated contributor 🦉
    Thanks!

    Hopefully I pass this last exam! Fingers Crossed!

    Indirect Tax is a nice exam! You will be done in no time at all! :001_tt2:
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
  • Chimpette22
    Chimpette22 Registered Posts: 75 Epic contributor 🐘
    Fingers crossed for us both then.

    Then you can tell me all about level 4.. LOL

    :lol:
    Fully AAT qualified July 2015
  • Sammmy88
    Sammmy88 Registered Posts: 283 Dedicated contributor 🦉
    :-D Indeed!!!! :laugh:
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
  • Mollypod88
    Mollypod88 Registered Posts: 155 Beyond epic contributor 🧙‍♂️
    Well done both you for passing!

    I've gone into panic mode now as both of you have said it was harder then the mocks! :huh:
  • Mollypod88
    Mollypod88 Registered Posts: 155 Beyond epic contributor 🧙‍♂️
    Sammmy88 wrote: »
    :-D Indeed!!!! :laugh:

    I passed today! woohoo!!! It was alot harder then the mocks and I had a stange interest rate question too.

    Sammy - I am doing ethics on 20th June. Can you give me any pointers as I see you've passed? I've heard it's quite an easy exam ... hope I'm right!
  • janwal
    janwal Registered Posts: 1,189 Beyond epic contributor 🧙‍♂️
    Congratulations on passing..........got mine on the 12th June.........dreeding it:001_unsure:

    A lot of the ethics exam is common sense but we found quite a few question were what you would do if you were a MIP, this is to make sure you have read the AAT code of Ethics.

    Good luck!

    Jan
  • Sammmy88
    Sammmy88 Registered Posts: 283 Dedicated contributor 🦉
    Well done on passing!!! :thumbup1: I had an interest question too!

    I wouldn't say ethics is easy, its just more straight forward than the others as there are no maths involved so to speak. The assesment is more or less the same as the mocks, just different questions. My advice is keep doing the AAT practice ones, over and over. The trick is to remembering things, such as the sponsors of the AAT, and money laundering etc! :-) I used this which helped me revise too:

    http://meadowgatetraining.co.uk/resources/aat+peaf+revision+review+questions.pdf
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
  • Chimpette22
    Chimpette22 Registered Posts: 75 Epic contributor 🐘
    Hi,

    Molly that's fantastic news.. congratulations...!

    I've booked in for my tax exam on the 19th it was the earliest date I could get :mad2: Still at least it'll give plently of revision time I guess.

    Then just my ethics exam to go, which I'm not looking forward to if I'm honest as it's alot of reading.. haha :lol:

    Well done again Molly great news!
    Fully AAT qualified July 2015

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