AAT's response to recent discussion threads

System

Hi all<BR><BR>Weâ??ve been following the discussion on this board caused by the comments in the May edition of PQ about the forthcoming management accounting papers. Because some of you have expressed alarm about the terms used in the article we thought we should attempt to clarify matters and calm the fears that, understandably, have been aroused. <BR><BR>As always, our advice to candidates is that you should make sure you enter the exam room with a firm grasp of the knowledge and understanding for the unit, which you can apply flexibly to different situations; this is the surest route to success. <BR><BR>Turning to â??backwards variancesâ??. This is not a technical accounting term. It means simply the process of working backwards from a given variance to an unknown budget or actual figure, rather than, as normal, calculating an unknown variance from given budget and actual figures. This is sometimes used as a teaching method so some of you will have done it, but not under this name. <BR><BR>Good luck and best wishes to everyone.<BR><BR><BR>Susan Harper<BR>Examinations Manager<BR><BR>