FRA Exam Questions
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Hi Everyone,
I'm doing home study and am ploughing through the past papers. I wondered if there is a set layout to the exam questions. I've done a couple of simulations (ie Branson in the Osborne books) where in part 1 they give you invoices for the purchase and disposal of fixed assets and these have to be manually entered into the accounts.
In all of the practice exams I've done so far, part 1 is calculating incomplete records and trial balance.
Are the Branson style questions incorporating full manual accounts likely to crop up in the exam? I seem to struggle on this side of things a little more.
I figure if I just practice everything i can get my hands on, i'll be ok. But it would be nice to know what to expect!
Cheers
Lucy
I'm doing home study and am ploughing through the past papers. I wondered if there is a set layout to the exam questions. I've done a couple of simulations (ie Branson in the Osborne books) where in part 1 they give you invoices for the purchase and disposal of fixed assets and these have to be manually entered into the accounts.
In all of the practice exams I've done so far, part 1 is calculating incomplete records and trial balance.
Are the Branson style questions incorporating full manual accounts likely to crop up in the exam? I seem to struggle on this side of things a little more.
I figure if I just practice everything i can get my hands on, i'll be ok. But it would be nice to know what to expect!
Cheers
Lucy
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Comments
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Re:FRA Exam Questions
Hi, I think Branson is more geared to the skills test rather than the exam0 -
Re:FRA Exam Questions
Hi, I am not sure about Branson, but the forst part of FRA is always incomplete records, but in a nice and guided way, just step by step. You do not need to make any masterplans of investigation in cases when nearly nothing is given.
The second part is always a partnership question, involving extended trial balance (often journals) and then expect either draw up Profit/Loss or Balance sheets with no proforma, and often other partnership specials like someone joining/goddwill/changed partnership agreement.
Why not look at the ones on this website, there are 5 past papers with answers!
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