Level 3 to 4.. is it a big leap...??

Hi,

I'm 2 exams away for completing level 3.

I was hoping for some advice on how your finding level 4 compared to level 3.

Thanks
Susan.
Fully AAT qualified July 2015

Comments

  • nicd1981
    nicd1981 AAT Licensed Accountant Posts: 244 ? ? ?
    Hi Susan,

    I found the biggest difference was the written questions
    We didnt have to do that in Level 2 or 3
    I failed my first module budgeting as i did not meet wrtten question in section 2!
    Ive since past it but only after a lot of revision in the written tasks
    Hope this is helpful?

    nic xx
    Nicola Donnelly ,MAAT, MIP, CIMA Dip MA

    Email: [email protected]
    Facbook Page: MEND Accounting
    Blog: http://wannabeanaccountant.blogspot.co.uk
    Twitter: @mendaccounting
    Website: http://www.mendaccounting.co.uk
  • whinpin
    whinpin Registered Posts: 17 Dedicated contributor ? ? ?
    Hi Susan

    Think very carefully before you make your decision to do level 4. You need to be 100% sure you want to move to the next level and you will also need 100% commitment. It is hard work and you will need to give it eveything you can. But I sure it will be worth it in the end. I'm 2 exams away from completing level 4 and I have found it no easy ride. I have failed 2 exams this year. So think carefully before you commit. That's my advice hope it helps. There is always plenty of help and support on the forum.

    Good luck
    Whinpin :001_smile:
  • nicd1981
    nicd1981 AAT Licensed Accountant Posts: 244 ? ? ?
    Hi Whinpin,

    I failed my first exam on level 4, and ive probably failed fnst which i sat last week, not because im not committed, its more because this year takes a lot more revision than previous years and i dont have as much time as i would like due to family/ work commitments.
    What do you have left?
    Oh and good luck to you both
    Susan id definitely reccomend level 4 as although its hard, itll be worth it when we qualify!
    Nic xx
    Nicola Donnelly ,MAAT, MIP, CIMA Dip MA

    Email: [email protected]
    Facbook Page: MEND Accounting
    Blog: http://wannabeanaccountant.blogspot.co.uk
    Twitter: @mendaccounting
    Website: http://www.mendaccounting.co.uk
  • whinpin
    whinpin Registered Posts: 17 Dedicated contributor ? ? ?
    Hi Nic

    I've got ptx left to study and my fnst is a resit. The fnst is so hard I don't work in financial so I am really struggling with this one. If I pass ptx in June this leaves me with fnst to complete this year not holding my breath. I can see me going back next year to complete this one exam. Level 4 is so hard when you work full time and have a house to run.
    Sorry didn't mean to affend anyone by saying you need to be commited I'm sure we all are. I just wanted Susan to know you have to got give it everything it takes up a lot of your spare time.

    Whinpin:001_smile:
  • nicd1981
    nicd1981 AAT Licensed Accountant Posts: 244 ? ? ?
    I didnt think for a second you was being offensive,
    I understand totally what you mean, ive considered giving up during FNST and FNPF study !
    Ive no idea how i passed FNPF , and i know ive failed FNST but ive sat here all day AGAIN revising for it (in case i get another fail) haha
    I have PTX and CGMT left
    Good luck with your resit and PTX
    what did you fail on? did you get feedback?
    nic x
    Nicola Donnelly ,MAAT, MIP, CIMA Dip MA

    Email: [email protected]
    Facbook Page: MEND Accounting
    Blog: http://wannabeanaccountant.blogspot.co.uk
    Twitter: @mendaccounting
    Website: http://www.mendaccounting.co.uk
  • whinpin
    whinpin Registered Posts: 17 Dedicated contributor ? ? ?
    Hi Nic

    For your CGMT make sure you are well up on contract law that came up a lot for me. Also I got a question on retention of title and it was about you supplier wood to a company that makes wooden fencing and thay use the wood to make fencing for one of their customers and the fencing company don't pay you for the wood do you have a claim for rentention of title. The answer is no because the wood can not identified. But i really had to think about this one.

    Regarding the fnst exam I did rubbish I panicked like a mad woman. I'd been reading on here how bad it was and just went to pieces there was no way i could have passed. I clicked the start button and my mind just went blank. So I'll try again more calmer this time I hope.

    Good luck with your exams

    whinpin:001_smile:
  • Hopeipassx
    Hopeipassx Registered Posts: 66 ? ? ?
    Hi Susan,

    Ive nearly completed level 4 just got 2 exams left which are FNST (which im not looking forward too) and Financial Performance.

    I must admit so far the real differences for me between level 3 and 4 is that in level 4 you have the written questions and they get me everytime (but somehow I have managed to pass the exams up to now). And also the ICAS project is the next big difference - as I hadnt a clue when started it and not much more of a clue when finished it :), as I had never written a report in my life.

    Cant wait till beginning of July when all should be finished!! fingers crossed :)
  • AuntieT
    AuntieT Registered Posts: 96 ? ? ?
    The leap from level 3 to Level 4 was just that! I passed it all last month so can now sit back with a bucketful of hindsight.

    Although the topics lead on from each other - almost - most the time, the big difference is the written parts. As has been said!

    Instead of just being able to due calculations you need to explain why, which I also found really hard! What helped me was my flat mate asking me why one weekend as i was struggling will a written answer. She simply asked -so what is the reason? To which I responded. There you go then write that- she said!

    I then realised that what they are trying to get to is if you understand rather than know something, and can explain it to someone that doesn't!

    Hope that helps
  • Chimpette22
    Chimpette22 Registered Posts: 75 ? ? ?
    Thanks everyone for your answers.

    I have to say out of everything it's the written questions I'm the most worried about. I'm obviously going to keep on going, but I think I just need to calm down about it all and just breathe... LOL

    Thanks again, and fingers crossed for all your exams coming up :thumbup1:
    Fully AAT qualified July 2015
  • Clintm15
    Clintm15 Registered Posts: 248 Dedicated contributor ? ? ?
    Hi Susan,

    I recently completed level 3 and have been studying FNST for a few weeks. I find FNST quite easy and I'm not sure why people have struggled with it. This probably means that I will struggle with another unit but so far so good for me.

    I found level 2 the hardest because I knew literally nothing about accountancy and there were so many new concepts to understand.
    AAT
    Level 2 - 2011
    Level 3 - 2012
    Level 4 - 2013

    ACCA
    F4 - Corporate Law - Dec 2015 (passed)
    F5 - Performance Management - Dec 2014 (passed)
    F6 - Taxation - Dec 2013 (passed)
    F7 - Financial Reporting - Jun 2014 (passed)
    F8 - Audit & Assurance - Dec 2015 (passed)
    F9 - Financial Management - Jun 2015 (passed)
  • SarahJS
    SarahJS Registered Posts: 273 Dedicated contributor ? ? ?
    I think how difficult you will find level 4 is related to how you studied for the earlier levels.

    If you learnt 'how' to do the questions with the earlier levels without understanding why you were doing it I think the jump will seem much worse, as all of a sudden the types of questions vary much more and have more scope. Also, for the written questions you need a good understanding of the whole subject area, because you can't guarantee anything specific will turn up on the paper.

    I've found level 4 to be not as bad as people seem to say content wise, but obviously I've only passed 1 exam so far.

    Good luck :)

    PS: I'm still managing to self study level 4, regardless of the amount of posts that say don't do it. Different people work different ways :)
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