PCR advice

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi all, <BR><BR>A big goodluck to everyone who still has exams to sit.<BR><BR>I'm sitting the PCR exam tomorrow morning and am after any advice. Have spent most of my time revising for the unit 8 exam so dont feel like i know much for this one!<BR><BR>I feel ok about preparing the budgets and am just getting to grips with doing the flexed budget statement - was wondering if anyone has any advice on anything else i should cover.<BR><BR>Thanks.<BR><BR>And good luck again!<BR><BR>Claire x

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR advice

    Hey Claire<BR><BR>Well I think the best advice is to practise your heart out as with any of the AAT stuff. Flexed budgets tend to have a set format:<BR><BR>Variable Costs - usually materials and labour<BR>Semi Variable Costs - water & LH&P<BR>(sometimes) Stepped Costs - maintenance & (sometimes) labour<BR>Fixed Costs - Depreciation, Overheads<BR><BR>There could be little ones like general expenses, distribution costs, admin expenses but generally they will indicate where they should be.<BR><BR>If its any help the operating profit variance will be the same as all the other variances added up (minus for adverse, plus for favourable)<BR><BR>I hope this helps you<BR><BR>Good luck for tomorrow, I'm sitting it too :)<BR><BR>Mandy<BR>- x -
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR advice

    Thanks for that. Have to say my usual technique is to keep going over past papers - know them like the back of my hand and then (like mondays unit 8) they chuck in something completley new!!<BR><BR>Have decided thats enough for tonight now. Gonna veg infront of corrie!!<BR><BR>Good luck for tomorrow <BR><BR>Claire x

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