business tax exam

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
hi people,<BR><BR>just wanted to hear peoples views on this exam.<BR><BR>I came out feeling pretty confident but after talking to lots of other people and checking my notes i have made lots of mistakes and now wonder if im going to pass.<BR><BR>i apportioned the balancing adjustments on q 1.1, indexed the improvement expenditure on q 1.3, i didnt have time to revise the tax return form as i did 12 week intense course with FTC but i filled it in but probably had the wrong figures. question 1.2 i remembered to deduct my overlap profits for the final tax year for schedule D1.<BR><BR>the second section i dont think i added back enough disallowable expenses etc for 2.1 or was it 2.2 so the rest of my figures and answers calculated would be wrong. i forgot on the 2.4 question with the short cap to adjust the tax bands i did 19% less marginal relief. and for 2.5 again didnt have enough time to learn the fines penalties etc i just wrote a sentence saying £100 fine.<BR><BR>im so annoyed that i made such daft mistakes, at home i could answers most of the questions and get them right yet on the day my composure went. I hate this subject but i put in a lot of time and effort in as there was so much to learn i feel for this subject, especially as i only had 12 weeks to learn in. I really dont want to have to sit this paper again but i cant help but feel thats going to be the case. <BR><BR>when is the last opportunity to sit the exam using the 2003 Finance act?? is it true i would have to re-do the course if the paper at the next sitting is for the finance act 2004 as there would have been changes?? can anyone help or cheer me up ??<BR><BR>thank you

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    business tax exam

    hey gooner<BR><BR>Well if it helps I sat Business TAx on Tuesday and it was my re-sit. Sat it last June and abviously failed but only in section2...boo. Anyway my advise to people from here on at tech level to do Business Tax on its own. It such a huge bloody unit to cover. I stupidly did PCR BT and PEV last term and out of all that only passed PCR!!!!! I am not sure about the Finance ACt but however they are only minor things that change like NIC %. The paper was not overly difficult however just too much too study sitting 3 exams this week again. Anyway just keep at it I am..... I suspect that Bus TAx will be the last one standing on my certificate as not competent...............BOOOOOOOOOOO<BR><BR>roxy<BR><BR>: )
  • System
    System Posts: 100,534 🤖 Admin 🤖
    business tax exam

    thanks for replying. well fingers crossed you get it this time. im sitting PCR and PEV in june.<BR><BR>got CCMC in february and that darn project to do as well!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    business tax exam

    Whats CCMC gooner? Yer PEv and PCR are not too bad really...you will kick those papers butts.... <BR><BR>roxy <BR><BR>: )
  • System
    System Posts: 100,534 🤖 Admin 🤖
    business tax exam

    CCMC is the cash management unit, perhaps its known as something else
  • System
    System Posts: 100,534 🤖 Admin 🤖
    business tax exam

    Oh yer of course....doh..... yip I did that last July easy peasy. The beauty of devolved is that although it can be quite a long exam you do the course in 4 weeks then you are tested all fresh in your memory........ and if you make a few mistakes you just go back and fix em up. You will be fab you will kick that papers butt too...... hee hee<BR><BR>roxy<BR><BR>

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