December 2004 ECR Paper

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:30AM in AAT student discussion
Hi, i just sat the december 2004 ECR paper, to see if my study has sunk in ready for the exam in June!<BR>Oh boy...........<BR>Have found my weaknesses are:<BR>Long Term investments - Payback, IRR and NPV - i really messes these up!<BR>Limiting Factor, got these wrong, as i miscalculated the contribution per limiting factor!<BR>Contributions - obviously.<BR>Its really worrying, when its only a matter or weeks away now, that these things have not sunk in!<BR>Oh well, gonna do the June 2004 paper now.<BR><BR>And still got to look at the December and June 2004 FRA papers too, as its been months since i even looked at that side of intermediate!<BR><BR>Think its almost time to start to panic.<BR><BR>Hows everyone else doing ??<BR><BR>

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    December 2004 ECR Paper

    I've just read the report written by the guy who is writing the ECR paper for this June, and i am now quite worried.<BR><BR>If he is gonna be using such a different style/format for the paper than in the past it is really concerning! It's common practice to work on past papers to get an insight to what the paper is likely to contain, having done june 2004 and december 2004's today, i was starting to feel less stressed!<BR><BR>I know we are exected to fully understand the complete range of the course, but there are soo many formulas and things to remember, just where is this bloke gonna take us? What if we miss that one little formula!<BR><BR>Oh well, having voiced my mind, i hope everyone else is more confident than me. I am sure that in future papers, the students who have had the past 2 to work (2004) on and then this forthcoming one, will give thses future students far more confidence, as they will know more of what is to come.<BR><BR>Good luck everyone.<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    December 2004 ECR Paper

    Don't know if these words will be of any comfort but we are due to sit a mock exam with no access to notes, etc on Thursday. I have done a little bit of revision, mainly theory and cashflow statements and didn't feel ready for this. But on the contrary the tutor has said use this as your starting point for revision. You will see where your weak points are and then you have plenty time to work on them. I suppose it's better this way than dividing your time equally amongst all the topics and then finding nearer the date that you should have spent more time in one particular area. You still have plenty time and there doesn't seem to be a lot there on your list. Have faith.<BR><BR>I should say that I am doing technician but take a look at intermediate every now and then as I enjoyed that year so much more. Don't want you to start panicing about learning cashflow statements as well!<BR><BR>Can I ask where you saw the report, sillbilly? Is there a similar one for technician?<BR><BR>Good luck any way.<BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    December 2004 ECR Paper

    Sandy posted a link to a report on the student revision forum:-<BR><BR>http://www.aat.co.uk/forums/messageview.cfm?catid=40&threadid=5779<BR><BR>Is this the one you read?<BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    December 2004 ECR Paper

    Two words of comfort: DON'T PANIC!!!<BR><BR>1. Mock exams are all about highlighting weaknesses so you can work on them before the real thing.<BR><BR>2. Apparently, there's a new examiner, this year, so . . .<BR><BR>Mike
  • System
    System Posts: 100,534 🤖 Admin 🤖
    December 2004 ECR Paper

    Exactly, a new examiner!<BR><BR>So past papers (dont have any college to provide any other 'mock' exams) are not necessarily gonna be anything like the real thing this year!<BR>It would be nice to know what is meant when it is mentioned that the new examiner will be testing on thing he feels have never tested before (or words to that effect)<BR><BR>Oh well, back to the books.<BR>Still can't get the IRR and NPV bits to sink in, and the dam limiting factor still has me beat.<BR><BR><BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    All the exams

    All the exams should be a way to demonstrate competence.<BR><BR>In recent exams it has been possible for candidates who don't have a full understanding to pass. This can be bad news for everyone else. Imagine turning up for a job interview and presenting your exam certificates to be told by the interviewer that they didn't take that seriously as a previous employee had not been up to the job. <BR>So please regard the exam as in your favour.<BR>The content will be likely to change. In ECR I reckon we will have a number of scenarios under the Les Nightingale approach. In this way he can test the syllabus knowledge and understanding differently in different topics.<BR>Andy Royle tended to use a single scenario and then the questions were based on the single business.<BR><BR>Sandy
  • System
    System Posts: 100,534 🤖 Admin 🤖
    December 2004 ECR Paper

    Our teacher went to the aat conference last week and has said that the new ecr exam will focus more on process costing and less on filling in stock cards. Revise everything and then you won't be caught out! I sat the Dec 04 exam and our teacher told us we wouldn't need to know how to work out stock ordering quantities - good job i revised it anyway!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    December 2004 ECR Paper

    Please excuse my ignorance, but this is where i miss having a tutor to address these points to.<BR><BR>BUT<BR><BR>What exactly is classed as 'process costing' i know ECR is all to do with costing, so can someone please explain to me please what part is the 'process' bit! <BR><BR>Sorry to sound like a total idiot. But i am confused.<BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    December 2004 ECR Paper

    Sillybilly:<BR><BR>Process costing is basically where the cost of process 1 is calculated and this becomes an expense in process 2 and so on. Think of it this way, if I take a piece of metal, it has a purchase cost. Process 1 drills a hole in it. That has a cost attached. So, the piece of metal is now worth more than the purchase cost when it is passed on to process 2. The only other consideration is the losses made during the manufacturing process.<BR><BR>Mike<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    December 2004 ECR Paper

    Having said that there is a new examiner, it would be irresponsible of any examining body to offer practice papers that are too different from what can be expected and I don't believe the AAT is irresponsible!

Categories

Privacy Policy