Concerned

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi

I'm currently studying PEV/PCR with FTC. I have just completed my 4th evening class this week (out of 10) and am slightly concerned that we are not getting through the study material quick enough as we only finished off with Variances this week and moved onto Ratios etc.

Is it me or does this seem like it is going slowly. I have looked at past exam papers and we have only learnt enough to answer the first section of the PEV exam.

I am considering talking to the tutor next week. Does anyone think this is wise?

Kelly

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Concerned

    Hi Kelly.

    The tutor needs to ensure that you fully understand the syllabus. Maybe there are some less complex areas that will not take long to do. I'm sure your tutor will have lesson plans to guide them, but by all means have a quiet word with them to allay your concerns.

    Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Concerned

    Hi Kelly

    The variances and ratios are a large part of the subjects and need to learned thoroughly, so it is nice to hear that they are not rushing through iw like a friend of mine has complained about.

    Best wishes
    Eva :D
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Concerned

    Thanks Scott and Eva. You've both put my mind at ease a little as I was starting to worry we wouldn't cover the full content in time.

    I will have a word on the quiet with the tutor to see what she has to say.

    Thanks again. Hope you have a nice weekend.

    Kelly
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Concerned

    Variances are the worst part - ratios much easier.

    Claudia
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Concerned

    i thought the same too when i looked at junes paper. we have had 3 lessons (3hrs each) and have only covered material, labour and fixed overhead variances and i am struggling with the overhead variances still. i'm hoping the rest of the syllabus is alot easier to grasp
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Concerned

    Try not to fall into the trap that students used to fall in to.

    Variances are a way of identifying if the actual performance of the business has been different from the standards set and the plans.

    Numbers do come into it (of course) but if you try to translate it into a series of formulae the trap is that you lose sight of what it is all about.

    Try to find out if the materials used to make the output were more or less than our standard would expect.

    Try to find out if the price we paid for the materials we bought were more or less than our standard would expect.

    Try to find out if the hours worked on making the output were more or less than our standard would expect. (labour efficiency)

    Try to find out if the rate paid to the workers was more or less than our standard would expect.

    Try to find out if the overheads cost more than we had budgeted (expenditure)

    Try to find out if the volume of actual production (which would be the starting point to absorbing overheads) was more or less than budgeted.

    Try to find out if more hours were worked than budgeted. (capacity)

    and (as before)
    Try to find out if the hours worked on making the output were more or less than our standard would expect. (fixed overhead efficiency)
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Concerned

    Hi

    Have you got text books? I don't see the harm in looking ahead if you feel like things are moving slowly and you have grasped all the work so far. However there is no point rushing variances as you will only have to go over them again. You could always practice section 1 of all the past papers for now, then you would only have section 2 to practice later on. Provided you have a stab at a whole paper nearer the exam for timing practice etc.

    Hope that helps, Tori

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