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DFS Done!

FlipflopFlipflop Feels At HomeRegistered Posts: 67
in AAT Level 4 (Level 8 in Scotland)
Well thats DFS over with, few hiccups, but think did ok out in 2.5 hours and checked it twice. PCR now!:001_unsure:
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Comments

  • beansprout64beansprout64 Feels At Home Registered Posts: 29
    DFS was great! Everything balanced in section 1 for me, section 2 was quite nice! In and out in 1 n half hours
  • FlipflopFlipflop Feels At Home Registered Posts: 67
    Well done, agreed was ok, just doubted myself a little.:001_smile:
  • garry_coombsgarry_coombs Well-Known Registered Posts: 108
    Section 1 is definately passed! But I worry about section 2, but I do think I've answered it all well, but a mistake would be a bigger % than it should be!!

    Took me about 1.5 hours, think I've passed.
  • JoGreenJoGreen New Member Registered Posts: 9
    Everything balanced - wey! Not too great on section 2 though - I forgot gearing so just did something anyway & explained that!:confused1:
  • LondinaLondina Experienced Mentor MAAT, AAT Licensed Accountant Posts: 814
    everthing balanced too, however I couldn't remember interest paid ratio and the impairment question I didn't answer correctly
  • CathGCathG Well-Known Registered Posts: 145
    Flipflop wrote: »
    Well thats DFS over with, few hiccups, but think did ok out in 2.5 hours and checked it twice. PCR now!:001_unsure:


    Same for me.

    Really glad DFS is out of the way, it's the one I've struggled with most of all. You watch I'll probably go and fail PCR now!:lol:
  • PigpenPigpen Trusted Regular Registered Posts: 331
    Woooooooooooooooo Hoooooooooooooooooooooooo

    DFS over and done with (fingers crossed)

    Everything balanced - Think I have done enough to pass

    Well pleased with paper in general :thumbup1:
  • jay cutlerjay cutler Feels At Home Registered Posts: 57
    Glad I've finished DFS today. All my figures balanced. The second section was straightforward as well. PEV, DFS done thats it for me and AAT. Good luck for everyone who's got exams left. Just the long wait to the results now.
  • Maria24Maria24 New Member Registered Posts: 7
    Dfs jun09 exams done

    HI
    Can you help!:001_smile:

    I have done the DFS exams today and althought the only thing I could not reconcilled was my cash flow statement , I had a small diff.
    I cannot remember if in this part there was a question to coment in the cash flow statement. Most probable there was, but I did'nt do it as I got very nervus and I wasted too much time but the only thing I know I did not reconcole was this.
    Can you telll me if we had to write and coment about the cash flow figures, as I don't think I did.
    Will I fail if I did not write the comments if there was any?

    This is the only thing I did not reconciled- the other parts I finished all.
    Many thanks
    :001_smile:
  • xamixxamix New Member Registered Posts: 11
    nope you didnt have to comment on the cashflow statement!! it was just a reconciltion and then the actual statement to do :001_smile:
  • Maria24Maria24 New Member Registered Posts: 7
    xamix wrote: »
    nope you didnt have to comment on the cashflow statement!! it was just a reconciltion and then the actual statement to do :001_smile:


    Oh :001_wub:- you made my day!!! I thought I left this out and I was worring to dead! MANY THANKS

    In all past exam papers there was requirement for writing a report and coment on the cash flow operating activities!
  • klskls Just Joined Registered Posts: 2
    Maria24 wrote: »
    HI
    Can you help!:001_smile:

    I have done the DFS exams today and althought the only thing I could not reconcilled was my cash flow statement , I had a small diff.
    I cannot remember if in this part there was a question to coment in the cash flow statement. Most probable there was, but I did'nt do it as I got very nervus and I wasted too much time but the only thing I know I did not reconcole was this.
    Can you telll me if we had to write and coment about the cash flow figures, as I don't think I did.
    Will I fail if I did not write the comments if there was any?

    This is the only thing I did not reconciled- the other parts I finished all.
    Many thanks
    :001_smile:

    I did DFS in December and couldn't remeber how to do the cash flow at all, put in the figures I knew (about 3 of them) and I stil passed so I wouldn't worry bout it!!
  • JointyJointy Feels At Home Registered Posts: 78
    Hi all,

    I dont think i answered task 2.2 well. What are the chances of me passing if i did really well on task 2.1 as that was worth 40 mins compared to 15 mins so you would think marks wise there would be more than 60% for task 2.1
  • GuruGuru Feels At Home Registered Posts: 33
    Is it the case that you're expected to get 70% (approx) per task, or per section?

    I would have thought it's per section, in which case you'll be ok.
  • PrimblePrimble Experienced Mentor Registered Posts: 734
    ARRRRRRRRRRRRRRRRRRRRGGGGGGGGGGGHHHHHHHHHHH
    i couldnt remember anything and had differences. little ones only but stiff differences. better than btc but worse than mac but now doubting that and why i'm even doing this
  • JointyJointy Feels At Home Registered Posts: 78
    I understand you have to be competent in both sections but i dont think the exam is even. On section 1 i didnt make a mistake and i could fail the exam because i got task 2.2 wrong. It should be a bit more even between the two sections.
  • xamixxamix New Member Registered Posts: 11
    its because section two only counts for 30% of the overall exam and section 1 is 70%
  • goldandblackgoldandblack Just Joined Registered Posts: 4
    hey all,

    just one question, what was the correct formula for the 4th ratio in the 2nd section?

    was it profit after operation / finance costs?
  • kjg-kjkjg-kj Feels At Home Registered Posts: 68
    goldandblack wrote: »
    hey all,

    just one question, what was the correct formula for the 4th ratio in the 2nd section?

    was it profit after operation / finance costs?

    Yeah profit before interest (profit from operations) / interest
  • xamixxamix New Member Registered Posts: 11
    interest cover should be.. profit from operations/finance costs ....i hope!!
  • PigpenPigpen Trusted Regular Registered Posts: 331
    Profit from operations (Before int & Tax) / Int - No of times Interest covered by Net profit I think
  • goldandblackgoldandblack Just Joined Registered Posts: 4
    high 5!
  • JointyJointy Feels At Home Registered Posts: 78
    what did everyone put for current assets and liabilities??
  • hufckingerhufckinger New Member Registered Posts: 14
    Jointy wrote: »
    I understand you have to be competent in both sections but i dont think the exam is even. On section 1 i didnt make a mistake and i could fail the exam because i got task 2.2 wrong. It should be a bit more even between the two sections.

    i made the same mistakes i feel......but i got all the formula's correct on section two.........anybody feel this is enough to prove competent.....i did write some things in, but alot of it was blabbing on and getting small marks here and there!!!! :confused1:
  • JointyJointy Feels At Home Registered Posts: 78
    DFS is odd how can we not be competant if we can answer 8 out of 9 tasks but rules are rules
  • Big BirdBig Bird Feels At Home Registered Posts: 62
    Ive just notived jointy, that you live in my town, where did you sit the exam:001_smile:
  • JointyJointy Feels At Home Registered Posts: 78
    Big Bird wrote: »
    Ive just notived jointy, that you live in my town, where did you sit the exam:001_smile:

    Sat it at kaplan in manchester. What about you?
  • Big BirdBig Bird Feels At Home Registered Posts: 62
    Salford college worsley campus
  • JointyJointy Feels At Home Registered Posts: 78
    A fellow leyther its a small world that we live in
  • [Deleted User][Deleted User] Posts: 0
    Jointy wrote: »
    Hi all,

    I dont think i answered task 2.2 well. What are the chances of me passing if i did really well on task 2.1 as that was worth 40 mins compared to 15 mins so you would think marks wise there would be more than 60% for task 2.1

    73% I think for 2.1
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