One Week

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Just one week to go now until the AAT exams. Anyone else nervous?

-What stage is everyone else at?
-Anyone having difficulties on anything?

I don't know how I'm feeling :? I drift in an out of confidence, am not sure how much you have to do to pass

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    Hi,

    Im sitting my last two technician exams. Im feeling confident, as I have put the revision time in. But Im still nervous, as you never know what will come up.
    I just hope I have covered enough of the material to have a go at every question, which I believe to be very important.
    Just remember to show your workings, and if you are stuck, we were told, to make an assumption,state why you have used an assumed figure, and use that to answer the question.

    Good Luck, try not to worry!!

    Paul.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    I'm doing ECR. I feel ok about it actually. I've done all the past exam papers so I'm hoping the exam will be similar... I am stuffed if there's loads on process costing! :shock:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week



    Gem
    I have a mock exam question with process costing
    if it is of any use I can send it to you.


    John
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    yeah am neverous i dunno if i'll pass or fail rght now id think 50/50.i just neeed 2 practice alot this week!!!do use lot know everything???msg back
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    Youll never know everything!!

    Dont stress just revise. And ask if your stuck on anything.

    Paul.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    yeah ermm thanks.i do know most thngs well i hope so, but im not that good at remembering margianl and absorption costing..i think its just working out using the formulas that i have a problem with.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    which exam you sitting?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    Costing next week
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    What is it that you are unsure about woth absorption and marginal?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    fra next week
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    paul22 im not exactly sure.. :lol: but when the question comes up i get stuck.its just not sure what figures am meant 2 use for either of them..does that make sense cos im babbling on... :D
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    nah i just got ECR next monday 4th im din my FRA in june
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    Not sure really, do you have an example question?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    well theres one question on the site where the past exam papers are for June 2006 but i dont have 1 to send to you..
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    Just give me the task no on the paper, and i will have a look for you asap
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    it wont let me copy onto thus so can i send it by email???if u dont mind...
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    just sent it 2 your email addy ok
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    Marginal

    Materials: £316.80 (Batch cost)
    Labour: £412.50 "
    Variable
    o'heads
    (197800 / 230) £860.00
    Total Cost £1589.30

    This does not take into account the fixed overhead element which is the key difference from below

    Absorption Costing

    Mat £316.80
    Lab £412.50
    Var o'head £860.00
    Fixed o'head
    (£278,300 / 230) £1210.00

    Total Cost £2799.30

    This takes into account fixed o'heads, absorbing them into the cost of a single batch.

    Hope that helps

    Paul
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    thanks alot yeah that helps all i need 2 do is try 2 remember how to do it lol.what stage are u doing in aat???when are your exams??
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    I have last two technician exams next week. Personal tax and Budgeting.

    Paul
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    ohh ok.thats good.i wanna do technician next year im only doin intermediate now..i guess its ok its not hard but its not easy.i find financial FRA easier than ECR but am gona be doing that in June.i heard technician is harddder though even though its less units.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    Yes jdelboy that would be really helpful - thank you very much!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    Lisa

    You have 5 exams in technician. Or four exams and a portfolio based assessment, along with the project. It is harder naturally, but the costing unit builds on ECR from intermediate.

    Paul
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    oh right i see.anyways i gotta go.thanks for your help.bye xxx 8)
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    Hi there,

    Speaking of ECR!!

    In the ECR Jun 06 paper, section 2, task 2.2 precisely, there is one table in which u have to enter sales rev, break even etc.. In finding the break even sales revenue, it is logical to make use of the break even num of batches (3165) and do something with it, but why multiply it with 6??

    What's the difference between break even sales rev/num of batches??

    Can u check ur June 06 paper n reply soonest. Thanks.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    Hi

    Is it possible that you can send me the mock exam with process costing please? My email address is Chantelleac@aol.com

    Thank you
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    Hi, I dont think we were taught much about process costing, especially the book keeping entries of it. So I'm little frightened about this if it comes up in the ECR exam next week.

    Could you please also send me a copy of those mock exam papers for process costing. It may be of use to me. Thanks.

    Raqib

    P.S. My E-mail is: raqib253@hotmail.com
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    Hiya

    I have got FRA Wednesday too.... Lots of revision today and I have got Tuesday off from work to do more papers.
    Not feeling too bad just worried about making a silly mistake.

    Also I have real trouble remembering the way to work out margin and margin ...if anyone can help please do!! This is my worst bit for sure.

    Cheers and good luck everyone!
    Sarah
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:One Week

    Hi Sarah

    Like you I have the FRA on Wednesday and have Tuesday off from work for the final bit of studying.

    I am sure you will be allright for the exam - I like you are bit worried about margin, I have memorised cos = 100% when GPM is involved.

    Hope this helps, if you want to become a study buddy on Tuesday let me know and will let you have my e-mail address

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