RIAR Supplementary Questions

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi All out there in AAT study world ;o)<BR><BR>I have a question regarding a sheet I had included in my unit 1 RIAR Skills Test, the she was titled: RIAR Supplementary Questions and 5 questions on it, I am struggling with one of the sub-questions and 2 of the main questions so any help is appreciated.<BR><BR><BR>The sub-question is: - outline the principles of Basic Law of Contract? I have either overlooked this part in the books I have or it is not included, I have also looked on the Internet but only get links to contract law! Can anyone point me in the right direction here, probably fairly simple but Iâ??m sure youâ??ll understand when I say frazzled brain syndrome :o)<BR><BR>The next question is: - outline the purpose of controls for handling and storing money. Again looks simple enough but in my hectic world and chaotic study nature I seem to have overlooked this part too, only looking for nudges in the right direction to find the solution.<BR><BR>Finally: - What aspects of security need to be considered when banking receipts.<BR><BR>Iâ??m studying with FTC distance learning and am sure these are included somewhere, but it sucked when I was confronted with them during the Skills Test. Think Iâ??m going to be re-sitting it in a few weeks time :o(.<BR><BR>Many thanks in advance for any assistance.<BR><BR>Regards<BR><BR>NeoGen

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    RIAR Supplementary Questions

    Hi NeoGen.<BR><BR>For a contract to exist there has to be:<BR><BR>an offer<BR>an acceptance<BR>consideration (value or worth)<BR>a willingness for both parties to enter into a contract.<BR><BR><BR>Handling & storing money:<BR><BR>authorised personal<BR>sticking to insurance approved limits<BR>using nightsafe facility<BR>banking money asap<BR>till recs<BR><BR>Hope this helps, Scott.<BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    RIAR Supplementary Questions

    Thanks,<BR><BR>Thats a great help Scott.<BR><BR>Regards<BR><BR>NeoGen
  • System
    System Posts: 100,534 🤖 Admin 🤖
    RIAR Supplementary Questions

    Hi <BR><BR>I am also doing distant learning with FTC and when I saw those questions I panicked as well as I wasn't expecting them!!! I know that you probably have the answers now but all the legal background ie contract law etc is on page 343-350 of the study text book for units 1, 2 & 3. Only found them after the skills test so I waffled for a bit!<BR><BR>Netty<BR><BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    RIAR Supplementary Questions

    <br><br><< <i>Hi <BR><BR>I am also doing distant learning with FTC and when I saw those questions I panicked as well as I wasn't expecting them!!! I know that you probably have the answers now but all the legal background ie contract law etc is on page 343-350 of the study text book for units 1, 2 & 3. Only found them after the skills test so I waffled for a bit!<BR><BR>Netty</i> >><br><br><BR><BR>Thanks Netty, to tell the truth I haven't had time to look,<BR><BR>Much appreciated.<BR><BR>nick
  • System
    System Posts: 100,534 🤖 Admin 🤖
    RIAR Supplementary Questions

    OK, obviously not the sharpest of tools in the box regarding this one, I'm still struggling on the:<BR><BR>Outline the purpose of controls for handling and storing money?<BR><BR>And<BR><BR>What aspects of security need to be considered when banking receipts?<BR><BR>I have looked and re-looked in the books I have but none of this is covered (or at least I canâ??t find it), and where I work is less than helpful.<BR><BR>So all help is greatly appreciated.<BR><BR>Thanks<BR><BR>Nick<BR>

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