DFS exam - the P&L

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi<BR><BR>I was really pleased with yesterdays exam but didn't think to adj my balance sheet to make sure the P&L retained profit was ok.<BR><BR>I think I got roughly 9156 - can anyone else remember what they got? I've spoken to someone who had about 4k so while i thought i'd done it right i'm a bit apprehensive now.<BR><BR>Hopefully, thats me for AAT - CIMA here I come!!<BR><BR>

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS exam - the P&L

    I cant remember the exact amount but I got in the £9k, it seems from other threads that every1 elce did 2.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS exam - the P&L

    My P&L came to 4546 and I was happy with this at the time but the doubt slowly creeps in after the exam doesn't it?<BR><BR>The exam seemed straight forward enough, expected more complicated ratios so was pleasantly surprised.<BR><BR>Roll on Feb. when we can all be put out of our misery.<BR><BR>Gill<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS exam - the P&L

    I'm sure my retained profit for the year came to 4546 as well. I spoke to a few people outside the exam hall who all said it seemed familiar.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS exam - the P&L

    My retained profit came to 4,546.<BR><BR>I found the exam ok thank god, I was not very confident when I went in.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS exam - the P&L

    Thank god, someone else got 4546 :-)<BR>That was the only part of the exam where I had doubts!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS exam - the P&L

    Oh crap!! I wonder where i've gone wrong - I thought all the adjustments were OK but i've obviously missed something.<BR><BR>I def included tax, dividends, reduced the stock..can't remember what else but was comfortable with all adjustments. <BR><BR>Any one any ideas????
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS exam - the P&L

    I also got 4546 for the P & L, and because I had finished the exam and still had about 10/15 mins left I decided to see if this retained profit was correct by constructing my own little balance sheet (don't worry I didn't write it on the answer paper). Adding this retained profit to the original profit and the balance sheet balanced. So 4546 is DEFINITELY CORRECT!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS exam - the P&L

    Hope I don't lose many marks. I'm almost 100% sure I did the adjustments right I wonder if i've just copied figures ove wrong?!<BR><BR>Never mind - done now. Fingers crossed for results.<BR><BR>

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