[wannabeacct]

50% That was a close one!! My final exam after teaching myself every paper. I am now an affiliate and it has been a tough journey. It is only determination that has kept me going. I think I am in shock. I can have a social life now, I can read a book for pleasure and tackle jobs around home that need doing. It is one less weight off my shoulders.

[wannabeacct]

I am in the same position as you John. I have passed all 13 exams first time, and my feeling is that I have failed P6 my final exam. I have never had this feeling before.
I am teaching myself so it takes much longer to study, my social life has suffered. I will be devastated if I fail, I haven’t quite got the energy yet to cope with working 50 hours a week and study. Even if I take annual leave, my work stays there so it means I work weekends to cover my annual leave! Pointless taking leave really.

[wannabeacct]

The issues of non financial measurements and how to solve ( 6 or 7 marks?)

Why non financial measurements are useful (6 marks?)

Suggested measures

Did anyone do question three?

[wannabeacct]

I am also doing self study. I am capable as it is just a matter of working hard, but due to stresses of redundancy and family illness i have hardly looked at a book.

If you are self studying, you can resit, you only lose the exam fee!

[wannabeacct]

Consolidation is based on control>

We control subsidiaries therefore consolidate these.

Associates and trade investment we don’t control so we don’t consolidate.

[wannabeacct]

Thanks Forhad for the clip!

[wannabeacct]

Thanks everybody!

Yes, I have taught myself it all. So like sathjyot I am tired when I sit down, so I do allow myself much longer. Also, I teach myself so I have to go over things a lot more than if I was in a classroom.

I think I have just got out of a routine, so will draw a timetable like maypen172 says. This week I will give myself some treats for starting again!

[wannabeacct]

I’d like to join this group too.

[wannabeacct]

Thanks quadri78.

I’m just asked to type up the purchases and then the accountants prepare the accounts. So i’m not even sure they need the debtors list!
I think though I must be typing the wrong thing as surely they will still need to know the debtors.

[wannabeacct]

Neither did I. If you couldn’t write the on the proforma after the exam, then how do you know before the exam which questions you were going to tackle?

During the exam, it is easy to forget to go back and tick the answers you have attempted.

[wannabeacct]

non savings income Savings income
Trading Income
Employment Income
Investment Income
Personal Allowance (6475)

hope this helps.

[wannabeacct]

Because profit from disposal of office building and sale of fixed assets are chargeable gains and NOT trading income. Investment income again isn’t classes as trading income but as investment income. Propert income is also treated separately to trading income.

Remember the proforma:

[wannabeacct]

Thanks Sarah, that makes a bit more sense.

On the example then, why is the NET needed?

What are the VAT fractions then for different VAT rates? When VAT is 15% and when it will be 20%?

[wannabeacct]

That makes more sense now. I’ll have a look at the topic again and see if I understand it and can apply it.

Thanks again.

[wannabeacct]

Thanks Ratna 1238. If anyone has isomnia, they should read F8, that will instantly cure it lol.

[wannabeacct]

The whole text book!

[Author]

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