Final Accts exam BEFORE Accounts prep..?

LauraK2604

Just wondered if anyone had taken the Prepare Final Accounts exam before they had passed the Accounts Preparation unit?

I have passed all my other level 3 exams, but I struggled on Accounts Prep. I have booked Final Accounts in hope of passing that first and having less to worry about when revising for my retake of Accounts Prep.

Any advice would be great. I realise they are linked but hopefully can still do it this way!

Thanks

aat_trainingcompany

We have seen a student in a similar situation failed accounts prep. But passed final accounts.

There is a natural dependence between the two...but as long as you can identify income, expense, asset, liability and capital accounts and you can remember which statement (profit or loss) or statement of financial position each accounts goes in - you should be fine – question practice will assist you greatly. Every business has sales, purchases etc. 95% of the account names will be the same.

kelsmick

I struggled on accounts prep too but passed the final accounts with flying colours!

LauraK2604

haha me too kelsmick! challenge the norm..Accounts Prep exam retake this weekend, wish me luck!

kelsmick

Good luck! I'm not resitting mine until October but have cost and revenues tomorrow!

ncraggs

If you have covered accounts preparation there is no reason why not.