Budgeting Exam
Madronya
Registered Posts: 6
Hi,
Can anyone tell me if they have taken the exam recently and if they found it harder than the mock exams on the AAT website or if the question formats differed at all? I am due to take mine Friday and just having a little panic!
Thanks
Becky
Can anyone tell me if they have taken the exam recently and if they found it harder than the mock exams on the AAT website or if the question formats differed at all? I am due to take mine Friday and just having a little panic!
Thanks
Becky
0
Comments
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Hi Madronya
I found Budgeting was an easier version of MDCL, if you attempted and passed MDCL you will no problems.
Variances are definitely the most tricky task in the exam, but a bit of practice and you will be fine.
Good Luck1 -
Thanks but I haven't done that module yet! Maybe I am attempting the modules in the wrong order!
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To be hones MDCL is a tough one so maybe I did them in the wrong order haha, again swot up on variances, there are videos on YouTube 'LSBF TV Budgeting' they are brilliant. I strongly recommend you watch all of them more than once while practicing questions.
Don't expect to get things right first time that is what learning is all about.
It becomes clearer the more you look at it, I promise.0 -
Thanks that's really useful, I have had a quick look at the youtube videos and will look in more detail this evening .0
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You’re welcome, I found the best and easiest way to learn variances was the method they used on there. My actual teachers method was to long, to scrappy and wasn’t quite clicking.
Anyway good luck with your exam.0 -
Hi
Which question did you find most difficult in the exam?
Also how would you go about answering Q 4 ,8 which are the written tasks.
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Learn to speak the AAT’s language is my best advice what I mean by that is study the written questions in as many mocks as you can, look at the layout the language and the marking scheme don’t wast time writing to much just make it relevant short and sweet. Throw in calculations to back up your answers and back up every point you make with ‘this is because.........’ you get marks for identifying and you get extra marks for explaining.
Good luck0 -
Also How would i calculate production and operating budgets in Q3 of the question.0
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You shold be given basic information. Selling price, production requirements, other costs (and behavior). You'll need to use this with the number of units that are expected to sell to produce the budget.
E.g Budget revenue = N(units) * Selling price.
Material budget = N(units) * material unit cost
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Has anyone got their Management : Accounting Budgeting exam coming up soon.0
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I have mine on Saturday, and although I feel ready calculations wise, I am struggling with the written tasks. I can't get them done in the time required. I panic for the first minute or so and then take ages working out my answers!0
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I took mine at the start of the month (results due on Thursday eeek). I actually came out of the exam with a big smile on my face as i enjoyed it! Only time will tell now as to whether my confidence was well-founded. I had decided to work it to allow myself 1.5hrs to do the written tasks and found that worked really well and i had about 20 minutes left at the end of the exam.0
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I've got the budgeting exam on next Monday.... I've noticed it's a lot shorter unit notice compared to Financial Statements unitAAT
Level 2 Foundation Certificate in Accounting - 30 Nov 18
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Level 4 Professional Diploma in Accounting - 22 Jul 212 -
I thought it was lovely compared to Financial Statements - am sure you will love it0
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I actually enjoyed the financial statements unit as a whole..lolAAT
Level 2 Foundation Certificate in Accounting - 30 Nov 18
Level 3 Advanced Diploma in Accounting - 16 Oct 19
Level 4 Professional Diploma in Accounting - 22 Jul 210
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