DFS 2006 - How easy was that exam?

System
System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
edited 10:25AM in AAT student discussion
Afternoon All

Have sat the DFS exam, I thought it was a breeze! Anyone else agree?

It was exactly the same as the specimen papaer - Wolf Ltd.

At least that's one exam in the bag. 3 down - 1 to go!
ยซ1

Comments

  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    i thought it was pretty staright forward, i just wanted to know who wrote the bloody journal entrys because if i emplyed someone and they made that many errors i think i would of sacked them a long time ago!! :-)

  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    I totally agree with your comments on the journals!
    :evil:

  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    I did mine last December with the FRS's and SSAP's how bad were the IAS's in this paper?

    Regards

    Dean
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    Agreed, just waffled a bit in section 2, you never know exactly what there looking for!!!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    I thought it was ok. Had a few mind blocks. But made sure i answered everyhting, and the ones I had a block on, i tried to make sure i showed i understoof the concept
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    It was easy - just quite writing intensive. I thought I was going to run out of time at one point.

    There was nothing on there I couldn't do but it did take a while - all that writing!! :x
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?
    rugbyswift wrote:
    i thought it was pretty staright forward, i just wanted to know who wrote the bloody journal entrys because if i emplyed someone and they made that many errors i think i would of sacked them a long time ago!! :-)

    Damn right!!!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    I thought it was pretty easy, extremely similar to the specimen paper. Managed to get everything to balance, which I guess guarantees a certain mark, and am hoping I blagged at least 50% of the rest.

    Mind you, everyone else I've spoken to or heard from has said much the same thing, so does that mean that the pass mark will be much higher?
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    As long as you had done several past papers it was straight-forward. The journals were a joke!
    It did take a while though, you have to cover everything you can think of in the report. :twisted:
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    I actually enjoyed it! Much better than I thought it was going to be. Balanced everything, got the right IAS numbers, had to waffle a bit and nearly ran out of time, but all in all, it could have been a lot worse.
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    well those comments have made me feel worse.... nothing balanced for me ! what a nightmare I had section a and b nothing worked for me at all, :shock: the rest was fine
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    Just cause you didn't balance doesnt mean you wont pass though. If you showed all your workings ect you should be ok. Might of just been minor errors thats all! Chin up x
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    Do you reckon that becuase it was easier than most of the last few papers, that they will be stricter on the written parts so that they wont have to pass so many? surely if all your balnces matched in all the questions then surely if you have half decently answered the other questions, you would pass? anyone agree?
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    Start of the exam was great consolidated b/s balanced company i/s and b/s balance with all workings and first time, couldnt get the cash flow to balance for the life of me, if I'm going to struggle it will be on the written questions tried to waffle on a bit. Section 2 was straight forward enough.
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?
    Flick wrote:
    It was easy - just quite writing intensive. I thought I was going to run out of time at one point.

    There was nothing on there I couldn't do but it did take a while - all that writing!! :x

    That's how I felt, I made one mistake early on, spent a little time trying to spot it & spent the rest of the exam franticaly scribbling away.

    I understood everything on there & with another 30 mins could've embelished on my answers a bit, but there just wasn't any time for error at all!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    Surprised that the exam was so straight forward. Thought there would have been more on the accounting standards.
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    Not sure they felt they could do that in the first year of the new standards or it would affect the pass rates.. Quite a good year to be doing it really.
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    Very true, quite lucky, apart from the wordy bits.
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?
    rugbyswift wrote:
    i thought it was pretty staright forward, i just wanted to know who wrote the bloody journal entrys because if i emplyed someone and they made that many errors i think i would of sacked them a long time ago!! :-)

    I thought the last journal entry was correct. It said DR Tax (Income statement) CR Tax liability (Balance sheet). Am I wrong?
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    The actual journal was correct but it perhaps wasn't clear as to which was Income Statement and which was Balance Sheet. I just specified which was which.
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    It was correct Dr Tax Expense and CR Tax payable

  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    I agree... well sort of. Got everything to balance first time so in that respect I was really pleased. However, brain freeze on the written parts. Could for the life of me remember my IAS etc so rambled on the bits I did know.

    Brain freeze carried through with the ratios so wrote what I thought and explained how I came about those answers.

    Fingers crossed I did enough *pretty pretty please*, one more to do!!!!! :?
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    I found the exam straightforward enough, used all of my time and had 15 minutes left for the quality check. Everything balanced and I answered all the memo questions.
    Had anyone else got the same figures as myself:
    Part 1- a). balancing figure is ร‚ยฃ100408
    b). balancing figure is ร‚ยฃ39290, profit was
    ร‚ยฃ833
    c). ร‚ยฃ407 - net cash increase, ร‚ยฃ7028 -profit
    from operations
    We all need luck for Taxation now !
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?
    IrenaC wrote:
    Part 1- a). balancing figure is ร‚ยฃ100408
    From what I remember that was what I had.
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    got the same for a, do not remember b but that figure does not ring any bells on what I used. and the same for c
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    PM what do you mean you can't remember!!! LOL have you seen this...

    http://www.aat.org.uk/forums/posts/list/11877.page

    Highly Amusing, I think you'll agree.

    Regards

    Dean
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    Yeah I know ha ha , me not remembering. Starting to flagg.

  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    :lol:
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    Thought that wasn't too bad actually. Had to waffle a bit with the Intangible Assets question. I just seem to have a block when it comes to describing what an intangible asset is. I know it - but writing it down is another matter!!

    Hopefully that bit will not be worth too many marks. Everything else balanced. Felt this was the most time pressured one so far as there was so much writing to do.

    Susan
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:DFS 2006 - How easy was that exam?

    I got nothing to balance. showed lots of workings though and had no idea for the business combinations. Pretty sure I passed section 2. Not sure about section 1.

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