AccountancyStudents

Level4 budgeting Help!!!

2012-02-04T21:45:22Z

I am trying doing the practice exam on the AAT website and am struggling with the Operating Budget.

Does anyone know how to calculate the value£ of the ‘Opening Stock of Finished Goods’. They give the unit amount of 7000. I have the exam next week so any help is greatly appreciated.

Thanks

Budgeted Purchase Price

2011-11-11T12:16:46Z

Hi all - brand new to anything like this (don’t have Facebook account etc!!)

I’m hoping someone can help me with some advice.

I trying to complete an exercise and can’t see to remember the correct process for calculating a Budgeted Purcahse Price for raw materials.

Any help will be appreciated and I hope to be able to return the favour in future.

Regards

FINANCIAL STATEMENTS ASSIGNMENT

2011-10-03T17:24:21Z

Hi fOLKS

I am studying the technician stage of the AAT, and have got my financial statements exam next week. Could someone be kind enough to give me an idea of which IAS’s to mostly concentrate on - there seems to be about 20 of them, and I don’t know whether I need to learn them all by heart!

By the way, how long is the exam?

Thank You.

DFS Dec 10 Suggested Answers

2011-01-27T19:50:55Z

Hi All,

As requested by a number of AAT students, I have done some suggested answers for DFS December 2010 which I hope those students will find helpful, and relieve some anxiety.

As always, I do these suggested answers free of charge, but if you find them useful, I would be grateful if you could please contribute to my niece’s charity (link in my signature strip). My niece was born with a very complex heart conditions (Complete Atrio Ventricular Septal Defect) and stayed in Alder Hey Childrens Hospital for six months in 2010. The hospital accommodates the parents of sick children in a complex on the grounds of Alder Hey, but this complex receives no funding from the Government and relies purely on doonations. No matter how small, every penny makes a difference to this hospital.

Many thanks,
Steve

Hi, needing help with Managerial Accounting

2009-02-17T10:41:36Z

I’m obviously a student. I’m not sure this is really the right forum for me to try to be a part of because this is only my second accounting course at a community college no less.

Please call me Squiggs.

I didn’t realize that Managerial was all about estimations, my most difficult tasks in Financial were trying to do the estimations such as depreciation. We are almost half way through the semester but haven’t taken our first exam yet and I’m just not sure if I should stick it out and potentially fail or if I should take the bad grade by dropping it. I’m really upset about it.

Can anyone help me find some forum threads here on the topic of Managerial Accounting? I could really use some help with it.

On the other hand I’m passing my Computer Accounting course with all A’s thus far (Peachtree 2008).

But I really need some help.

Thanks much.

Unit 10

2010-11-17T23:52:29Z

Hi I am a homestudy student and I am also unemployed at the moment. I have almost completed the tech level. I’ve done all the exams except the business tax exam. I did all these by studying from osborne books and paying to sit the exams, each of which cost approx £45.. This was affordable for me..Now I have to do unit 10 and I believe I have to sign on to a course provider. So far all the course provider are quite expensive. For example Premier Training charges £236.. I do not understand why it is so expensive. I was expecting to get the case study and using my osbourne book as a guide write the report. Then send this in to be marked. I do not understand how they can charge so much money to do almost nothing, just read 4000 words, and make a few corrections.

I was hoping someone may give me some advice..

Does anyone know of a cheaper way of doing unit 10..

Or maybe know a cheaper distance learning course provider. I would be extremly grateful to anyone that can advice me.. Thanks

Depreciation on cost with time apportionment

2010-09-21T14:37:50Z

Can somebody explain that:

The calculation for that example:

As at 31 October 2003 Plant cost 150, acumulated depreciation (105), book value 45.

Plant is depreciated at 20% per annum on cost with time apportionment where appropriate. On 1 April 2004 new plant costing 45 was aquired. In addition, this plant cost 5 to install and comission.

Require: SFP as at 30 September 2004

DFS June 2010 Suggested Answers

2010-06-22T20:32:04Z

Hi All,

I have attached below the June 2010 suggested answers for DFS which I am primarily putting on here because the AAT forums will not allow the attachment due to the file size.

As mentioned on the AAT forum, Sandy Hood and I do the AAT suggested answers in our own time and provide help and assistance throughout the year free of charge to all students. When we publish the suggested answers, these are the only times we ask that if you use the answers, then please could you make a donation to our choice of charity.

Mine is the Ronald McDonald House Charity. As some of you may know, my niece was seriously ill earlier this year and had to have 2 lots of major heart surgery at 7 months old which was a harrowing experience to say the least - thankfully she is now getting very well. Ronald McDonald House is a complex on the grounds of Alder Hey Childrens Hospital which allows parents of sick children to be near them during their stay in this amazing hospital. They are looking to raise funds to extend this complex because sometimes it gets full and parents sometimes have to travel long distances. To make a donation, please click on this link.

I hope the answers help.

Regards
Steve

Whether or not to complete Technician level? Advice

2010-05-31T14:37:34Z

I started AAT after GCSEs, Age 16 and completed level 2 and 3 along with payroll first two levels and sage level 1 and 2 and some ECDL courses etc. After those two years I decided to start a uni accounting and finance degree (level 3 enabled me access). Ive now completed the second year of the degree with a high percentage.

I am wondering whether it would be worthwhile/beneficial to complete the AAT technician level and get AAT membership. I found the first two levels really easy and am confident I could pass it without it really affecting my final year uni results if it is simply a case enrolling/ordering the study material and sitting the exam(s)? Or does it involve lots of skills tests ect that would make it too time costly? Or is it even going to be beneficial if I go straight onto professional study after my degree?

Thanks

Disclosire of accounting policies

2009-11-16T13:57:41Z

I am working on a question which asks why the disclosure of accounting policies is relevant in regards to depreciation, inventories and research & development. I have found it relatively easy to quote an example in regards to depreciation and how different classes of assets in the same company or in other companies may differ the disclosure of the relevant accounting policies allowing comparability but I seem to be banging my head against a brick wall with the other two. I think it is something obvious but I have now convinced myself it is something more difficult than it is and am finding it impossible to answer the question any hints or tips on how to approach this one???

Many thanks Claire