Best Of
Results Day!
Best of Luck to everyone receiving their Synoptic Results today. Fingers and toes crossed!
Re: Calculating Marginal & Absorption Costing
That's ok - that's why this forum is here. Just look carefully at the information given in the table and don't assume that everything is the same unit of measurement.
In the table the 10 and 15 is PER UNIT, whereas the 450,000 and 230,000 is for the whole 10,000 production. So you have to change your calculation accordingly. You will see from my answer above that for some calculations I've already divided by 10,000 for the closing inventory to illustrate the point. So make a mental note to yourself to check these things before you plough into the calculations during the exam! It will save you a lot of time.
In the table the 10 and 15 is PER UNIT, whereas the 450,000 and 230,000 is for the whole 10,000 production. So you have to change your calculation accordingly. You will see from my answer above that for some calculations I've already divided by 10,000 for the closing inventory to illustrate the point. So make a mental note to yourself to check these things before you plough into the calculations during the exam! It will save you a lot of time.
Re: Goodwill tax relief
See update in the finance bill 2019 introducing some relief on qualifying goodwill and intangible assets
Article from Nicola Ross Martin:
https://www.rossmartin.co.uk/sme-tax-news/3829-goodwill-and-intangibles-new-form-of-relief
Article from Nicola Ross Martin:
https://www.rossmartin.co.uk/sme-tax-news/3829-goodwill-and-intangibles-new-form-of-relief
Re: Level 4 - Synoptic Help?!?
Hello,
No problem I will join some of the AAT study support groups and see how I get on.
Thank you
No problem I will join some of the AAT study support groups and see how I get on.
Thank you
Re: Level 4 - Synoptic Help?!?
Hello again,
Thank you so much for those word documents. - I will have a look through these.
I just want to pass it, I really aren't bothered whether I get 70% or 100% haha
Thank you for the revision tips - I will check these out.
Yes, it is outrageous isn't it.. they have said I have failed exam and not willing to cooperate.. its absolutely ridiculous! I put in so many hours revision but my college failed to teach the synoptic so there is no wonder I failed it.
They didn't help or support me at all. Thankfully now I have found a new college to sit the exam at and are doing distant learning.
Thank you so much for your help
Thank you so much for those word documents. - I will have a look through these.
I just want to pass it, I really aren't bothered whether I get 70% or 100% haha
Thank you for the revision tips - I will check these out.
Yes, it is outrageous isn't it.. they have said I have failed exam and not willing to cooperate.. its absolutely ridiculous! I put in so many hours revision but my college failed to teach the synoptic so there is no wonder I failed it.
They didn't help or support me at all. Thankfully now I have found a new college to sit the exam at and are doing distant learning.
Thank you so much for your help
Re: Calculating Marginal & Absorption Costing
Marginal is only direct costs. Absorption includes fixed costs
Re: Level 4 - Synoptic Help?!?
Hi Emma,
No worries at all.
I found these 2 sets of materials (which I found on a Facebook study support group) really helpful. One of these was written by a previous student who sat the exam twice (first attempt with a pass rate of 74%, however the student then later wanted to achieve a higher pass mark and improved to 88%). IT was a great guide I found. The other document was a powerpoint of some helpful revision tips I found. See attached.
The Osborne books are good, I have used these as extra revision materials aside from my distance providers materials. They also have an online section with online practice tests I believe, although I have never checked this out, but they may be helpful?
Regarding your comment about your college asking you to leave, I think that is just outrageous..... Whatever happened to helping students pass, even if its not on the first attempt, or second, surely they have a responsibility to help you pass! - Will you consider self studying or will you look at a distance learning provider perhaps?
Keep positive, you will get there - I know its frustrating though...I feel your pain.
No worries at all.
I found these 2 sets of materials (which I found on a Facebook study support group) really helpful. One of these was written by a previous student who sat the exam twice (first attempt with a pass rate of 74%, however the student then later wanted to achieve a higher pass mark and improved to 88%). IT was a great guide I found. The other document was a powerpoint of some helpful revision tips I found. See attached.
The Osborne books are good, I have used these as extra revision materials aside from my distance providers materials. They also have an online section with online practice tests I believe, although I have never checked this out, but they may be helpful?
Regarding your comment about your college asking you to leave, I think that is just outrageous..... Whatever happened to helping students pass, even if its not on the first attempt, or second, surely they have a responsibility to help you pass! - Will you consider self studying or will you look at a distance learning provider perhaps?
Keep positive, you will get there - I know its frustrating though...I feel your pain
. 
Re: Goodwill tax relief
Corporation tax relief on Goodwill amortisation ended on 8th July 2015. Relief is now only given at the point of disposal. This was announced in the Autumn Statement 2014 and Summer Budget 2015.
You can read the legislation here:
http://www.legislation.gov.uk/ukpga/2015/33/section/33
You can read the legislation here:
http://www.legislation.gov.uk/ukpga/2015/33/section/33
CIMA Difficulty
Hi All,
Recently passed my AAT Level 4 and looking to move onto the next step, i'm interested in starting CIMA and my current work would offer this to me in September 2020.
I was wondering what the step up would be like and how difficult it is, i struggled towards the end of L4 due to motivation mainly.
How does CIMA compare to Level 4? Also is starting in September a good time to do this and are re-takes a possibility if needed?
Thanks!
Recently passed my AAT Level 4 and looking to move onto the next step, i'm interested in starting CIMA and my current work would offer this to me in September 2020.
I was wondering what the step up would be like and how difficult it is, i struggled towards the end of L4 due to motivation mainly.
How does CIMA compare to Level 4? Also is starting in September a good time to do this and are re-takes a possibility if needed?
Thanks!
Re: CIMA Difficulty
I've found CIMA takes a lot more time in terms of studying. I was quite casual in AAT in comparison, but in CIMA I've had to be a lot more disciplined as there is so much to cover.
I prefer the exams compared to AAT though, a lot less waiting around for results (objective tests are instant, case studies 6 weeks).
The new syllabus is starting in November, so there won't be a new one in a good 4 years or so. You can retake as many times as you like, and there's no time limit to complete exams. Case studies are quarterly, though.
I prefer the exams compared to AAT though, a lot less waiting around for results (objective tests are instant, case studies 6 weeks).
The new syllabus is starting in November, so there won't be a new one in a good 4 years or so. You can retake as many times as you like, and there's no time limit to complete exams. Case studies are quarterly, though.
