confused

confused

thanks neil,<BR><BR>i get that but what i don't get is why you don't take a third year of depreciation. i realise that 2003 is the year of disposal but it is a few months after the end of year.<BR>surely by that time you have dealt with the depreciation for that financial year and sent everything off to your accountant. my tutor said you don't take a third year but, for example, what if the decision to sell the vehicle was made well after year end?<BR><BR>i don't know if i'm being particularly thick about this, but if i tried to apply this to my work then i know it just wouldn't happen as people surely don't plan that far in advance?

confused

hi again neil....<BR><BR>this is becoming a bit of a habit!! :-)<BR><BR>i understand what you are saying but...<BR>surely the first years depreciation is taken in the financial year of 200-2001 as the company policy is to take a full years depreciation in the first year and none in the year of sale. the vehicle was bought in may 2001 (financial year ending 31st July)<BR>first years depreciation taken financial year 2000-2001<BR>second years depreciation taken financial year 2001-2002<BR>third years depreciation taken financial year 2002-2003<BR>the vehicle was then sold in september 2003.<BR><BR>my tutor says that you cannot take the depreciation in financial year 2002-2003 as the policy is not to take depreciation in the year of sale. my arguement is that the sale goes through after the year end so therefore you should be able to take the depreciation as you may not know the vehicle is going to be resold. my tutor reckons that you shouldn't put any depreciation through for financial year 2002-2003 because you would be told that it was going to be sold. i argued that the mix up was between financial years and calender years.....am i making any sense??

confused

Hi<BR><BR>From what i can gather, you're right! As far as i was concerned, when the term 'year' is used it means 'financial year' not calender year. But I havent seen anything that confirms or denies this in my texts, so ill ask my boss on monday!<BR><BR>As you stated, they may not know that the vehicle would be sold when they do the year end, unless it was predetermined when the vehicle would be sold.<BR><BR>Ill get back to you on monday unless anyone else puts up a post, watch this space.....<BR><BR>Neil

confused

Hi<BR><BR>I put another post up on both technical and general forums.<BR><BR>Ive only had on response so far, but it seems that we're right and it is FINANCIAL YEAR not CALENDAR Year!<BR><BR>If its any consolation, my boss had a tutor who didnt know the proper way of completing a VAT return (which is kind of worrying when you consider they have instructions on the back!), I think he had to end up showing her!!!<BR><BR>Ive had a brief re-skim of my text (im doing home study) and it states that depreciation is applied acording to the accounting period (i.e. financial year) of the assets use. If you want to embarrass your tutor I can always scan it and email it to you!! I'll also run it past my boss, with over 20 years experience of company accounts he's bound to know!<BR><BR>Neil

confused

Hi<BR><BR>I chose home study is because I knew i'd have to do a load of study in addition to attending college and because AAT tutors don't seem to be the brightest people in accounting, so by doing home study id have the all the facts to hand in the text (unlike a tutor's head) and it meant i could learn in a style that suited me.<BR><BR>Neil

confused

my tutor last year used to get in a muddle sometimes and do calculations wrong but when we pointed stuff out to him at least he would admit to it and we'd all have a bit of a laugh!<BR>this is no good. maybe i should go for the home study cos i don't get any time off work to do this. i'm sitting here now trying to figure out disposal of fixed assets and i know i got taught it the other night but i sure as hell can't remember what was said!<BR>do you know if its too late? i've only paid for half a year so far at college and if i do swap over i might put in a complaint and ask for my money back!<BR>my sister is a psychologist and she has always maintained that tutors and lecturers only do what they do cos they couldn't hack it in the real world. i do believe she may be onto something there!<BR><BR>i must be p****d off.......i just realised how many exclaimation marks i've put into this posting!!!!!!!!!!!

confused

i knew it....i bloody knew it!!!<BR><BR>my tutor argued with me about this....i think cos they missed it then felt that they couldn't go back on it!<BR><BR>perhaps i should change my login to "disgruntled by lack of good teaching".<BR><BR>in my foundation year i sailed through without even having to do any "fills" for my devolved assessments. this year i'm struggling and i've only just started!<BR><BR>thank you neil and craigy. now i know that its not me being thick!

confused

Hi Confused,<BR><BR>I have just read through this thread and I can empathise with your situation.<BR>I have come accress similuar arguements in my studied and have come to the conclusion that sometimes the tutors have mis-printed or incorrect answers in their own texts. I cam across this in my Business Tax DA. I tired to argue the point, becasue to my mind the answer they were working on was definitely wrong. In the end the college just sent me another question to answer.<BR><BR>I understand your frustration, especially when we all try so hard to get it right. Sometimes we have to accept that we may be more vigilant (and brighter) than the tutors.

confused

Hi<BR><BR>Yeah, I did speak to my boss and he's in agrrement that it's financial year, not calender year.<BR><BR>Let me know how your class goes!<BR><BR>Neil

confused

Hi everyone,<BR><BR>I don't often get upset, but some of the postings in this thread are pushing me in that direction.<BR><BR>I'll start by telling you that I teach, and you'll probably guess which postings I'm talking about...<BR><BR>The first one went along the lines of "tutors will never admit they are wrong." I'm not going to deny the experiences you mention - I'm sure that there are some tutors out there who are like that! However, a number are like myself - I recognise that I am human, so I don't know everything, and I do make mistakes. I try not to make too many, but when I do, I'll come clean and try to make sure that my mistake hasn't added to the confusion. Most of my colleagues are the same. If a question is asked to which I don't know the answer, I'll admit that, and usually do 1 of 2 things - I'll either promise to check it out and come back, or give the student some clues as to where they can find an answer.<BR><BR>The second was the old chestnut of "those who can't do it teach it!" Again, I'll admit that there are probably some cases where this is true. However, there are many of us who teach because we enjoy it, and think that we have something to offer. Despite the problems that face all colleges in terms of resources, etc., I thoroughly enjoy my classroom teaching. That's why I do it - not because I don't think I can handle anything else, and certainly not for the money!<BR><BR>Sorry for the rant, but I wanted to address these issues. We've all had bad experiences, but generalisations can be awful.<BR><BR>On a more practical front, I'd always advise students to speak up when something is wrong. This starts in class - if something is not clear, or you think it is wrong, say something. Your tutor may be able to help, or maybe other students will chip in. If you get no joy, or if anything else is wrong with the course, speak to whoever is in charge of the course. They may not always be able to come up with a perfect solution, but they should at least listen. If you don't say or do anything, then whatever is going wrong will surely continue to go wrong.<BR><BR>Right, sorry about that! I'm off to a quiet corner to calm down...<BR><BR>Andrew Harrington.