financial skills

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
did anyone do the skills for unit5?? how was it?? I will be sitting for it in december and want to find out how it went and what to expect

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    financial skills

    I took mine two weeks ago and its was fine. <BR><BR>You should expect the following:<BR><BR>Posting of invoices for fixed assets to main ledger account<BR>Depreciation calculations and journals<BR>Reconciliation of debtors or creditors control account<BR>Trial balance and suspense account corrections.<BR>Extended trial balance<BR>Partnerships - current account, capital accounts and goodwill<BR>Produce profit and loss and balance sheet statements<BR>and for good measure a memo of some description.<BR><BR>Didn't take that long. Completed within 2 hours but used the rest of the time to double check everything. SHow your workings as you will still get marks, even if the outcome is incorrect
  • System
    System Posts: 100,534 🤖 Admin 🤖
    financial skills

    Thanks alot

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