PTC Section 2

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:08AM in AAT student discussion
Reading the threads from the forum I seem to have done quite a lot of what others have said. Added professional body in benefits in kind calucation (to take away) etc.<BR><BR>However, I had a greater sum to calculate capital gains tax on at the end. This must have meant I've done a arithmetical area on one of my calculations, is this enough to fail me.<BR><BR>How do they work out competence anyway. What if I got 100 out of 100 on section one and 75 out of 100 on question two. How do they work out the overall pass percentage. I know you have to pass both sections but is the pass mark 80% on both sections or 80% overall. Confusing.

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    PTC Section 2

    I think competence has as much to do with how you tackle a question, layout your answer, etc as it does with actually getting the answer correct.<BR><BR>At college they say 60% on each Section should be enough to pass but it is all shrouded in the competence issue.<BR><BR>The odd mistake will definitely not result in a fail.<BR><BR>The professional subscriptions I think were paid by the employee himself and not the employer so there would be no benefit in kind
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PTC Section 2

    Oh well that's another mistake I've done. Will that show that I am incompentent. I've been informed that even though I make a mistake in one question, as long as I follow through with the same calculation I cannot be marked down again. Is this right?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PTC Section 2

    That's what they say.<BR><BR>If they failed everyone who made a mistake or arithmetical error no one would ever pass.<BR><BR>My college tutor usually works out answers to the exams to use in class. He did so on a previous exam and calculated the fuel benefit based on a petrol engine but the question clearly stated it was diesel, so even the best, most experienced accountants (he is ACCA and runs his own practice) can make mistakes. As he told us before the exam making mistakes on a tax paper is almost inevitable as it is a complex subject.<BR><BR>So I would not worry, no one will be submitting perfect scripts and the confused questioning will almost certainly be taken into account.<BR>

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