PLB Exam

System
System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
edited June 18 in AAT student discussion
Hi Everyone

How are we all feeling about the exam yesterday?

I know I got a few things wrong :-(
ยซ1

Comments

  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    hey, the exam seemed to start of ok, posting all totals to ledger and individual creditor amounts to subsiduary ledger. Wasnt expecting the settlement discount of ร‚ยฃ50 in the cash book though. Didnt manage to balance the trial balance... dont know anyone who did as of yet. Section 2 has some self explanitry questions and some not so easy. Eg. The journal with the suspense account. Not sure if i would be marked as competant... pretty sure i only got about 3 things wrong. Lets hope they mark are exam papers with a bit of kindness this year :wink:
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    Hi, new to this.....Started course mid October and did the exam yesterday, am I crazy or what? I was very nervous as I haven't sat any exams in oooh, too many years. I was happy with section one,the trial balance balanced first time :D . I couldn't remember which way round the drawer/drawee should have been but looked it up as soon as I got home and comfirmed I was wrong!! :( Every thing else seemed okay. Everything crossed :thumbup:

    jackie
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    Hi

    I got my TB to balance, but I got one of the journals wrong, it was the 2nd one I think.

    Also in the control account part, although I think I got the figure correct, I said that the difference was caused by the discounts allowerd, but I have been told it was the goods returned!!!!!

    What did you put as the answer when it asked what the credit balance means in the bank account??
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    With regards to the credit balance in the bank account I put that the bank account was overdrawn or words to that effect! :?:
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    yeah credit balance is overdrawn
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    oops i said the bank owes you money!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    I got my trial balance to balance straight away! I think through all the past papers I did, I think that is the fist time I have acheived that!

    I was not too sure about the balance on the VAT account question - I said a debit balance meant that you were owed more VAT than you owe to HMRC. I dunno about that. VAT ain't my thing. But I found the journal questions fine, which normally I have to think really hard about.
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    Yes, the vat question meant that HM owed you money/vat is reapayable by HM. :)

    VAT ain't my thing either but I keep having to send them money each quarter......
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    Cool - well I think I got it right then. Phew! :)
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    dont worry, loads of us doing the IAC exam got drawer/drawee wrong too
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    does anyone know what the pass rate is?

    i was told we had to be 100 % competent, but surely you can have some mistakes?
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    Yes - you are allowed some mistakes. I don't know how they decide if you are competent or incompetent, but that mark alters depending on how well everty one else did. For example if every one found it really hard, then the pass rate will lower to accommodate that.

    So the short answer is - no, we won't know what the pass rate is untill they have marked them!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    Well im trying not to panic too much, because I got my TB to balance,as well as the Bank Rec and control account, its just a few worded questions I know I have got wrong!

    The 2nd journal we had to do i think i got half right, wasnt it something like reversing a journal that had been put on wrong? well i corrected it but just did not do the Jornal how it should have been in the first place........i know i have probably confused you all!!!!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    Hi everyone
    No-one has yet mentioned the sales ledger balances being on the wrong side. On one particular question all the invoices were listed on the credit side as was the opening balance. Am I going mad, or was that a trick? Will probably fail due to the amount of tippex used on the nice blue paper. Whoops!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    That problem was for the IAC exam (different thread), not the PLB exam. Control Accounts can have prepayments and overpayments/repayments, so you can actually have stuff on the other side (Credit-side). I guess it was to test their understanding. (And by the looks, yours as well HH99...)

    I sat the PLB exam! So, I know it was not in that paper.

    Re tippex - I don't use the stuff in exams. Serious lack of restraint. (it ends up my nose and everywhere...) I have practiced writing neatly, to deal with my usual scrawl...

    Re previous comments. Previous exam papers did use 'Discounts' as the deficit. This one was different - probably to check if you were paying attention. It was ร‚ยฃ392 (?) deficit which matched the Returns value...

    No I'm wrong! I'm thinking of the Trial Balance. It was '72' and something else. But it matched the 'returns' value...
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    Hi

    I sat the IAC yesterday and we had the same question with the credit balances on the subsidery sales ledger.

    AAT has confirmed to my training provider that this was a mistake on their part and marking will be amended accordingly.

    Hope this helps

    Becci
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    So, it was an agreed error and students' marks will be adjusted accordingly.

    If you check your notes on Control Accounts, you will find that the question could have been presented that way... I'll have to have a think about the subsidiary ledger accounts version. You may find that it is theoretically possible for the debtor/creditor relationship to switch over...

    So be warned!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    How did you find the PLB exam though?
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    About usual standard for past papers. Feel quietly confident, but insisted on using my full time allotment. There were only three of us left after 2and half hours!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    im not too confident, it depends on how many mistakes they will allow!!

    i saw that we have to wait until feb 21st for results
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam
    HH99 wrote:
    Hi everyone
    No-one has yet mentioned the sales ledger balances being on the wrong side.

    WTF? Now I am panicing... what Sales Legder Balances... on the wrong sode of what??? :?:
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    Read my post (top of this page).

    There was no problem with the subsidiary sales ledger in the PLB exam. It only occurred in the IAC exam (thread 'Exam' for IAC exam...)

    And, confused - it could be 27th February. Think i read that somewhere...
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    That seems like forever!!!!!!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    Ay! Champion!

    I'm getting ready for my FRA & ECR exams in June. I'm not going to worry about it, in any case. If I have to repeat - then so be it...

    Did anyone actually read the info I posted? Some of it did actually turn up in the PLB exam...

    https://www.aat.org.uk/forums/posts/list/15/13644.page
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    really? how are you preparing for the next exams already, i thought the taught classes dont start until next year?!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    Self-study using libraries, info on aat website, Having a nosey through what the Intermediates are discussing. And generally annoying people.

    I'm currently enjoying a reminiscing chat about past tv programs with Malcolm at moment...

    Multi-tasking...
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    good idea toadface :-)

    will be good to get a headstart!!
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    No worries... 8)

    If you are struggling, then USE your full exam time!!!

    I would be really interested to see how many of my exam group actually passed, with pressing urge to get to the pub...

    And it was infuriatingly distracting and annoying - every ten minutes or so, someone would be scraping chairs, whispering to the invigilator, etc...

    I will be inbibing modest quantities of alcohol over xmas, but my priority will be to get these courses straight...

    For those who may be repeating the PLB exam, here's my approach...

    I take advantage of the 15 minutes reading. I also re-read the questions for Section 2, then move on to doing the Journals, Control Account and Bank Recc.

    Then, I do the Section 1 ledger entries and trial balance. Only then, after having thought about answers to the Section 2 bits, do I actually start to answer them...

    You don't have to do PLB in sequence! (You probably will for exams for level 3 & 4 though...)
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    I don't know whether in your PLB exam you were set identical questions to those of us who did the Diploma route IAC/Unit 30 exam yesterday, but from what you're describing here, the questions mentioned do sound the same.

    In which case you're right, the Subsiduary Sales Ledger entries were all reversed on the question paper. The AAT confirmed this this morning (see the thread titled 'Exam').

    I wonder how they will handle this in marking? Because different people seem to have handled it differently...
    - Some didn't notice
    - Some others worked through the question having justified to themselves that the 'unusual' balances/entries were in fact possible
    - Some pointed out the errors in their answer, and tried as best as possible to answer the question.

    I know I certainly spent 15 minutes reading this question over and over, and trying to work out what on earth it could mean. I believe I answered it as well as was possible (for the sake of maybe 1-2% on my grade), but will I be compensated for the time wasted as well?

    I think the AAT should tell us how this issue will be dealt with.


    p.s. The question in IAC/Unit 30 was #2.8. The Bal B/F, two invoices and Bal B/D were all on the credit side of the ledger...
  • System
    System Posts: 100,534 ๐Ÿค– Admin ๐Ÿค–
    Re:PLB Exam

    If you take a look at the past papers for both IAC and PLB. They are structured differently, but may have a few questions that match. You (IAC) are also being assessed to compensate for not doing all the NVQ skills tests that we have to do...

    Re the q2.8, I would imagine that it would be marked hardest for people who didn't notice. Those who challenged it, may get credit for noticing and trying to resolve it...

    Did it bugger up the trial balance? Or had the 'correct' version of the trial balance included this error as well... Hang on! The subsidiary wouldn't turn up in the trial balance... I don't see that it plays a major part. As it said, i think those who noticed and tried to solve it, would get credit for that...

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