Questions For Sandy Hood

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umerali2003
umerali2003 Registered Posts: 400 Dedicated contributor 🦉
in AAT Level 4 (Level 8 in Scotland)
Hello Sandy
Firstly thank you very much for the material you have provided in the revision classes they were very use full
There are few questions for You

Question 1
There is no Gearing or interest cover ratios in my book + been written in the notes given by the tutor they are not in AAT syllabus but for CAT students only but in your Revison notes you have mentioned Gearing and interest cover I am bit worried are they in the syllabus or not ???

Question 2

Budgeting on service sector is tested only once in MAC . is there any more past papers from where i can practice service sectors ?

Question 3
If Budetry control system Question comes in section 1 ..Will there be still a peripheral Question in section 1 ?

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  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
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    in your Revison notes you have mentioned Gearing and interest cover I am bit worried

    Yes

    The examiner will want to know you understand the extent to which the business has been financed by borrowings, on which interest is payable.
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
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    Budgeting on service sector is tested only once in MAC . is there any more past paper

    No other papers
    Use the manufacturing principles to practice, but remember the point I made to one of the group.
    Make sure you understand whether you are being given inputs or outputs.
    A typical budget starts from forecast sales, so it goes
    1. Sales
    2. + closing stock
    3. -opening stock
    4. = saleable production
    5. etc

    An input based budget could start from purchases (or insurance claims even!!)
    1. Purchases
    2. +opening stock
    3. -closiong stock
    4. = Materials available for production
    5. adjust for wastage
    6. = Good materials we can use
    7. divide by kg per unit
    8. Units we can produce (in total)
    9. etc
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
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    If Budetry control system Question comes in section 1 ..Will there be still a periphe

    Well you've had a yes and a no
    Now you've got
    I don't know

    I wouldn't think there would be much time for one if you've got both a budget for planning and one for control
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
  • umerali2003
    umerali2003 Registered Posts: 400 Dedicated contributor 🦉
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    Thank you very much sandy for answering my questions .

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