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FRA - Yay!!!! It's over!!!

square-pegsquare-peg Well-KnownRegistered Posts: 143
in AAT Level 3 (Level 6 in Scotland)
Thank goodness for that. I was really worried after reading the threads on ECR. Really glad it's over. :lol:
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Comments

  • Kate9986Kate9986 Settling In Nicely Registered Posts: 16
    I couldn't get it 2 balance - do you think they will fail me for that??!! :001_unsure:
  • babybonkersbabybonkers Just Joined Registered Posts: 1
    hi i couldn't get the first trial balance to balance so i put in a suspence of £2700. For the second etb i had a net profit of 20410 or something silmilar.How did everyone else get on? I think you can still pass if you don't get them to balance .You need 51 %.
  • sarahmichellesarahmichelle Just Joined Registered Posts: 1
    pass rate

    At our college we were told that we need around 75-80% to pass but not balancing your accounts doesn't mean you can't achieve this, as long as you have been consistent and have shown your workings.
  • westendladwestendlad Feels At Home Registered Posts: 30
    I didn't get the ETB to balance and so couldn't finish the P and L account. Did as much as I could, ran out of time looking for it.

    Probably failed for that, I got part 1 to balance although I wasn't sure how to do the markup and maybe my Closing balance figure was wrong because of that.

    Did anybody get the puzzle in section 2 ie question 2.1
  • scottf2404scottf2404 Just Joined Registered Posts: 2
    I have always heard 80% being spoken about but more relating to the simulations rather than the actual exam. The key thing in the exam i think is that you show competence in both sections as you can make mistakes meaning your tb may be wrong but it will only be marked wrong once rather than again and again. I was able to get the tb to balance in section 1 at 360,314 and a profit of 20,000 in the etb of section 2 but like everbody we now get to enjoy the worlds longest wait for the results to be released, oh joy.
  • scottf2404scottf2404 Just Joined Registered Posts: 2
    SLCA and Sales Ledger should have both been 3,800 in task 2.1 i think.
  • Tinkerbell007Tinkerbell007 Feels At Home Registered Posts: 64
    Hi Scott - Thats what I got - i said you had to both add and subtract the £65
  • sazzle01sazzle01 Feels At Home Registered Posts: 25
    Hi Guys,

    What a relief but i di have a head ache now!!

    Could not get my T/B to balance but was £4000 out think its was relating to something
    i did with the rent account and prepayment so i put it in the suspense account and what really threw me was the reconciliation on sales/slca and on the e/t/b the closing stock?? 0?? Oops actually we are not aloud to discuss yet are we
  • EsmeEsme Experienced Mentor Registered Posts: 711
    I got 20,000 for net profit in section 2 I think.

    My first TB balanced in the end.. I had a big problem with the rent account cos of accrual and prepayment, I think I got it right after some serious stressing!
  • square-pegsquare-peg Well-Known Registered Posts: 143
    scottf2404 wrote: »
    I was able to get the tb to balance in section 1 at ???????? and a profit of ?????? in the etb of section 2
    (quote edited)

    Don't forget we can't mention details of questions and their contents until after 8pm. :001_unsure:
  • acc1077acc1077 Well-Known Registered Posts: 138
    Just poured myself a large glass of wine (i know it's early) and awaiting 8 oclock to see what everyone says lol:001_tt2:
  • sazzle01sazzle01 Feels At Home Registered Posts: 25
    Can i have one, Pleaseeee i hear they are good cure's for head aches!!
    I Was feeling quite confident before hand but just got stumpped by some questions and went blank, i do hope the examiner is in a extra nice/happy mood when marking!

    May be they should have some of your wine! ha ha ;-)
  • acc1077acc1077 Well-Known Registered Posts: 138
    Its homemade so lovely and leaful (oophs don't think I spelt that right)
  • square-pegsquare-peg Well-Known Registered Posts: 143
    acc1077 wrote: »
    leaful (oophs don't think I spelt that right)

    is that a sign of how much of it you've drunk already?! :tongue_smilie:
  • acc1077acc1077 Well-Known Registered Posts: 138
    hee hee
  • acc1077acc1077 Well-Known Registered Posts: 138
    Maybe I should have taken a glass in with me this afternoon - it might have made better sense lol
  • Alex TAlex T Just Joined Registered Posts: 2
    Section 1 wasn't to bad, but I couldn't get my ETB to balance on the balance sheet will this fail me and make me resit

    I was able to do everything else bar that
  • mel3321mel3321 New Member Registered Posts: 9
    I know we cant talk about it yet but when we can 8.00pm can somebody tell me what figure they got for Gross Profit on the profit and Loss at the end. I know I havent got it right as I didnt get to the same net figure for profit from my ETB. I do remember what I got for Gross, cant remember what total of expenses were but sure didnt get same figure from ETB for net profit. It will drive me crazy!!!!!!! Roll on 8.00 if I can read by then as I too have BIG glass of wine on the go.
  • spurschic1@yahoo.com[email protected] Feels At Home Registered Posts: 94
    As far as I know you get marks for your workings etc so even though you don't balance you will still get some marks, prob just not as many? Hope this cheers you up!

    :thumbup1:
  • acc1077acc1077 Well-Known Registered Posts: 138
    Glad to hear I'm not the only one
  • lauradwknslauradwkns Settling In Nicely Registered Posts: 23
    <edit: didnt mean to post b4 8. soz.>
  • sarahwilsonsarahwilson Experienced Mentor Registered Posts: 567
    I got 2 columns to balance on the ETB but couldnt get the balance sheet columns to balance for some reason. I did enough to be able to do the P&L account so i'm happy-ish with that:thumbup:
  • spurschic1@yahoo.com[email protected] Feels At Home Registered Posts: 94
    just be careful you don't put any info re the exam on here until after 8 or the thread will be deleted again.

    I'm desperately counting down till then so I can see if I got what everyone else did lol!
  • any2002ukany2002uk Feels At Home Registered Posts: 88
    it is not 8pm and still everyone start reveal the answer before 8pm! which mean abroad students will be cheat!
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    is it 8 yet??????
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    One thing i would like to say the person in oldham with the really bad cough that lasted untill you left the hall i hope you feel better soon grrrrrr:thumbdown:
  • sarahwilsonsarahwilson Experienced Mentor Registered Posts: 567
    A-Vic wrote: »
    One thing i would like to say the person in oldham with the really bad cough that lasted untill you left the hall i hope you feel better soon grrrrrr:thumbdown:


    LOL, I had one of them today too. Unlike you I don't hope they get better I hope their head fell off on the way home:lol:
  • jow774jow774 Trusted Regular Registered Posts: 465
    Funnily enough there was one of those in mansfield too!! lol. Hope she gets better soon, lol.
  • square-pegsquare-peg Well-Known Registered Posts: 143
    A-Vic wrote: »
    One thing i would like to say the person in oldham with the really bad cough that lasted untill you left the hall i hope you feel better soon grrrrrr:thumbdown:

    oh no! I was really worried I was going to be that person (not in Oldham....honest!) as I'm not well myself, so dosed myself up with inhalers and nasal sprays and tablets before the exam so I didn't drive everyone nutty coughing and blowing my nose!! I think it was only the adrenalin keeping me awake!! :closedeyes:
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    sarahwilson wrote: »
    LOL, I had one of them today too. Unlike you I don't hope they get better I hope their head fell off on the way home:lol:

    Lmao
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