DFS Section 2
joyride
Registered Posts: 62 Regular contributor ⭐
I got confused on the Inventories turnover ratio, I initially had it as inventories/sales x 365 then panicked and changed it to sales/inventories x 365. It gave me a ridiculous figure like over 600, it looked wrong but I just left it as that.
Then for 2.2 I forget to answer 2.2 b, does this mean I have failed section 2? :crying:
Then for 2.2 I forget to answer 2.2 b, does this mean I have failed section 2? :crying:
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Comments
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Inventories turnover is inventories divided by cost of sales x 365.
I waffled my answer for 2.2 so probably cocked that one up. I don't think it will be an automatic failure for not answering a question so long as you get enough marks in section 2 to pass. Good luck:001_smile:0 -
thanks, and good luck!0
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What figure did you get for Inventories and trade receivables?0
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Does anyone else think that to get competence on section 2 was more difficult than on section 1? When you look at the amount of work that section 1 took and in theory you only need 65% (ish) to gain competence (which is quite easy) then when you compare it to section 2 and only having two questions seems to make it far more difficult to achieve this sort of level.
Also, just a pint, but I thought NVQ courses were supposed to be assessed continuously and not purely on an examination? Maybe I'm wrong - perhaps one of the board mods could pass this question on to whoever could answer. I also think that a marking scheme should be released so we can see where marks are gained and where they are not.0 -
I was just doing Practice Exam paper 4 from the BPP book (TRUSTDAN PLC Set by the AAT in 2006) and the answer says that Inventories Turnover in days (based on cost of sales) is INVENTORIES/COST OF SALES X 100. Shouln't it be mulitplied by 365 (days)? Now i'm confused :-S0
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Hi Jolarett,
The calculation for inventories turnover is:
Inventory / cost of sales x 365.
June 2006 DFS paper is here:
http://www.aat.org.uk/other_files/pep/Technician/DFS%20-%20answers.pdf
Section 2 has the answer so BPP text book may have an error.
Regards
Steve0
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