Feeling the strain...

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Hi All,

Sat my first two exams 6weeks ago and passed Budgeting but failed personal tax.

So currently i'm learning FNST, FP, Personal tax again and also doing my ICAS Project so am feeling a little bogged down with it all!

With the time i have, and completing it all within 6months its starting to look like a tall task.

Just felt like having a moan....haha

Comments

  • Spamkebab
    Spamkebab Registered Posts: 233 Beyond epic contributor 🧙‍♂️
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    Good moan James lol.
  • James Patterson
    James Patterson Registered Posts: 281
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    haha cheers Neil
  • Sammmy88
    Sammmy88 Registered Posts: 283 Dedicated contributor 🦉
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    What did you fail on Personal Tax?
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
  • James Patterson
    James Patterson Registered Posts: 281
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    erm pretty much everything, there was did not meets everwhere :(
  • Whirlwind
    Whirlwind Registered Posts: 249 Beyond epic contributor 🧙‍♂️
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    Hey,

    Sorry to hear about PTX, sure you will crack it.
  • James Patterson
    James Patterson Registered Posts: 281
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    Thanks, i hope i will.

    I didn't feel the exam went that badly but the feedback didn't reflect those feelings haha

    I'll just have to hide away in a room for a week with my books
  • Whirlwind
    Whirlwind Registered Posts: 249 Beyond epic contributor 🧙‍♂️
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    Both tax units were my first with no 'exceeded' or 'borderline' tasks - but fortunately I scraped a pass. I found I had to memorise the fines/penalties, I did struggle with Capital Allowances too - I think I found the questions abit abiguous.

    I only studied one unit at a time, definitely think my brain would have gone into an even worse meltdown!!

    Hows the job going? Havent you been there for awhile now?
  • James Patterson
    James Patterson Registered Posts: 281
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    Well congrats - a pass is a pass and 70%+ needed you obviously have a good understanding :)

    I've fast tracked all levels and its been an okay pace but level 4, we just seem to do everything at once :S I think i'll be okay though!

    I've been in the job 15months now but accounts payable/receivables for 3months. Its okay i suppose, but it doesn't link in to AAT much as it seems to be more admin, so i feel underutilised or just in the wrong place altogether; i'm looking at alternatives i must admit. I'm excited for when i get a good/suitable position in the future because i think really enjoy going to work again.

    Thanks for asking :)
  • Whirlwind
    Whirlwind Registered Posts: 249 Beyond epic contributor 🧙‍♂️
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    Thanks - fortunately work part time in a practice, so have people around that I can quiz!!

    Your current role will help with ICAS, so thats good. I havent done payables/receivables for 4 years now so racking my brain as to the bits and pieces!! At least with AAT qualificaton, you will have more options.
  • James Patterson
    James Patterson Registered Posts: 281
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    That sounds perfect! aha

    Its not what i've based my ICAS on unfortunately so thats not an advantage. Its just amazingly tideous and i'm not using any of my knowledge, i wish i was doing something which would jog my memory on Level 2/3 because when people ask me questions on it, its not fresh in my mind :/
  • Whirlwind
    Whirlwind Registered Posts: 249 Beyond epic contributor 🧙‍♂️
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    Yep I know I'm definitely blessed but my last job nearly killed me. I was doing all the accounts for small company on two days a week with 24/7 (unpaid) contact over their serious cash flow problems. Current employer was their Accountant who was singing the same record as me 'rein in the spending!!' and when the company went under he offered me a job!!

    Keep up the good work, something will turn up!!
  • crispy
    crispy Registered Posts: 466 Dedicated contributor 🦉
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    So you have been unsuccessful in a unit - these things happen, just take it on the chin, learn from it, roll the sleeves up and have another go! Most of all keep positive and keep moving forward.

    This is the attitude I have, which comes in especially useful being a saints fan....
  • James Patterson
    James Patterson Registered Posts: 281
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    That sounds a bit too stressful, but sounds like a beneficial experience haha I just want to force the issue to get a good job even if i am young and haven't been in work long but i guess everyone always wants to benefit themselves.

    Always! and i hope so :) but can't hurt to look for it
  • craigbrown2602
    craigbrown2602 Registered Posts: 17 New contributor 🐸
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    Just keep at it James... I know how you feel. I'm probably sitting Personal Tax for my 3rd time in early December, I'm feeling more confident on this one. I've got 2 more re sits to do then I will finally pass Level 4 (which I cannot wait) I'm doing all of this whilst I bought my first home and trying to redecorate so I'm reading the Kaplan books on the train to and from work, as well as 30mins when I get to work and during my lunch hour!

    FIngers crossed you pass your resits.

    Craig.
  • MWAUGH1983
    MWAUGH1983 Registered Posts: 420 Dedicated contributor 🦉
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    Hey James,

    I for one can appreciate your view on accounts payable as I have been doing it for 3 yrs - I hate it but hopefully something better will turn up soon! Its very monotoniss!

    In terms of studying; I think you are doing too much - I would never look at FNST or ICAS with other stuff - they are too strenuous! I am in the middle of FNPF - though I have bgt next month to do and hoping for FNPF IN January. With Lev 2 and 3 you can probs do it like that - I was booking exams before I was confident and did spreadsheets, cash mgt, ethics and ITX self studying with onlt resitting ITX. However, for lev 4 (esp with work funding) I would only look at exams when I am more than confident!

    You seem to be doing well and have a good attitude so im sure you will be fine!

    Martin
  • Jo Clark
    Jo Clark Registered Posts: 2,525 Beyond epic contributor 🧙‍♂️
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    MWAUGH1983 wrote: »
    In terms of studying; I think you are doing too much - I would never look at FNST or ICAS with other stuff - they are too strenuous!Martin

    I agree 110% with this! I was advised to study each unit individually and definitely to study ICAS alone due to the amount of work involved. Having said that, each student is different and may cope perfectly well under the heavy workload.

    Good luck with the remaining modules.


    JC :o
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • omega man
    omega man Registered Posts: 283
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    Well James there is more bad news in your original post.
    From reading it you have only included one option personal tax, you will need to pass another to pass level 4,something like business tax,auditing or credit management.
  • Whirlwind
    Whirlwind Registered Posts: 249 Beyond epic contributor 🧙‍♂️
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    Hey omega man,

    Tad negative don't you think.

    James has completed ICAS with around 3 hours of study, which is amazing. So I don't think he'll have any trouble passing Tax once he can focus on it entirely - I think he was just a bit shocked a failing one.
  • janwal
    janwal Registered Posts: 1,189 Beyond epic contributor 🧙‍♂️
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    Jo Clark wrote: »
    I agree 110% with this! I was advised to study each unit individually and definitely to study ICAS alone due to the amount of work involved. Having said that, each student is different and may cope perfectly well under the heavy workload.

    Good luck with the remaining modules.


    JC :o

    I know exactly what it is like being bogged down, with Budgeting, FNST and ICAS on the go. Nothing tends to stick as end up getting mixed up which relates to which module. Budgeting exam on 6th Dec so at least I have a month then before FNST exam, and a month after that 1st draft due in for ICAS.

    Start FNFP on 20th Dec and PTX on 24th Jan, so not much let up.

    Have decided not to beat myself up if I don't manage to pass this year, that way I may surprise myself.

    Keep going James I'm sure you can do it, it is a bit of a great leap from level 2 & 3, just need to get focused.

    Good luck

    Jan
  • Jo Clark
    Jo Clark Registered Posts: 2,525 Beyond epic contributor 🧙‍♂️
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    janwal wrote: »
    I know exactly what it is like being bogged down, with Budgeting, FNST and ICAS on the go. Nothing tends to stick as end up getting mixed up which relates to which module. Budgeting exam on 6th Dec so at least I have a month then before FNST exam, and a month after that 1st draft due in for ICAS.

    Start FNFP on 20th Dec and PTX on 24th Jan, so not much let up.

    Have decided not to beat myself up if I don't manage to pass this year, that way I may surprise myself.

    Keep going James I'm sure you can do it, it is a bit of a great leap from level 2 & 3, just need to get focused.

    Good luck

    Jan

    Jan

    You work so hard so I am sure that with continued hard work and your determination you will completed level 4 :o

    We are all here to help if you need any guidance etc.

    Hope you are well and work is ok.

    Chat soon.


    JC
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • Whirlwind
    Whirlwind Registered Posts: 249 Beyond epic contributor 🧙‍♂️
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    Hey Janwal,

    I am not sure how the classroom study works, but get the impression that your tutor is setting the schedule/timetable, so you have my sympathy.

    I was self-studying and followed the online learning schedule so I gave myself 3 wks for BGT, 6wks for FNST and 3wks PTX - I only opened the books for the exam I was heading for so as to stop myself panicking - had to be really strict as always got bored 5 chapters in!! So if you are able to focus your time frames are achievable - be positive!!

    I also see we have the same ICAS case study!! I found the first couple of weeks really stressful, as I was really over thinking it. Slowly, with the massive support on the forum, I am finding my way. Again its about focusing on one section at a time. The BPP guidance notes are brill.

    Thank heaven for the forum!!
  • James Patterson
    James Patterson Registered Posts: 281
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    omega man wrote: »
    Well James there is more bad news in your original post.
    From reading it you have only included one option personal tax, you will need to pass another to pass level 4,something like business tax,auditing or credit management.

    Hi Omega,

    This isn't bad news, i plan to do credit management as my last exam :)

    Appreciate you informing me incase though
  • James Patterson
    James Patterson Registered Posts: 281
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    Thanks for the advice everyone, much appreciated.

    Its always nice to know you aren't the only one finding it hard, but i shall persevere and hope for the best :D (this is my positive attitude)
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