Home For AAT student members AQ 2013 AAT Level 3 (Level 6 in Scotland)
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚

Mnemonic for remembering what goes on the P and L and What goes on the SOFP

Has anyone got any mneumonics for remembering what goes on the P&L and what goes on the SFP pleeeeeeease



  • UncleboobotUncleboobot Registered Posts: 43
    edited November 2017
    Not a complete answer I’m afraid but for the SFP, for Assets I read Sit Down Pretty Black Cat once and it has always stuck.


    This also happens to be the correct order they need to be recorded in as well.
  • gr2egor2gr2egor2 Registered Posts: 6
    still can't understand why people try to memorize things instead of trying to understand the logic.
  • UncleboobotUncleboobot Registered Posts: 43
    Not massively helpful mate.
  • mergenmergen Just Joined Registered Posts: 105
    He does have a point though.
  • UncleboobotUncleboobot Registered Posts: 43
    I agree, it’s just irrelevant.
  • gr2egor2gr2egor2 Registered Posts: 6
    It's more relevant than you think. This is one of common mistakes students make. Once you have be basics right everything in bookkeeping is pretty straight forward. Don't waste your time on memorising but spend a little bit of extra time on trying to understand. visualization of the transaction on T accounts is a great help.
  • UncleboobotUncleboobot Registered Posts: 43
    edited November 2017
    Apologies to Deborah for hijacking your post. This was not intentional but I feel I must respond.

    I'm not arguing Gregor, and agree especially as there is a bit more context in your last response, but I feel you and I may continue to disagree. Perhaps we can agree to disagree, however this explains it best for me. If I say....

    "I don't understand why people get involved in other peoples discussions when they have nothing constructive to say". This is a perfectly acceptable point, it just has no value in this thread.
  • Deborah57721633Deborah57721633 Registered Posts: 2
    Anyway I took the exam today and smashed it

    Thanks for yr help
  • UncleboobotUncleboobot Registered Posts: 43
Sign In or Register to comment.