- November 16, 2022 at 11:19 pm #671658
Could you please explain the mneumonic ” Learn Fast Rats “. You mention it in the lecture but I havent come across it yet.
Thanks a lot
ArahnNovember 17, 2022 at 7:36 am #671676
Is there any chance that you could give me the time in the lecture when I mention Learn Fast Rats?
I assume that the lecture is the one that relates to Chapter 10 in the English variant notesNovember 17, 2022 at 12:40 pm #671719
It was around the 5 min mark as mentioned in the trading certificate lecture Chapter 10.
I hope you can tell me what you mean by the Mneumonic.
ArahnNovember 17, 2022 at 7:20 pm #671747
At 5 minutes 20 seconds in the Chapter 10 Trading Certificates lecture, I mention the differences between Companies and Partnerships and ask if you remembered those difference when I pointed them out in the previous lecture
I believe that you’ll find in the Partnership Law lectures the mnemonic Learn Fast Rats as being the way to remember those differences
So Learn Fast Rats is a Partnership mnemonic and NOT a Trading Certificate mnemonic
All cleared now?November 17, 2022 at 10:55 pm #671766
Thanks for your reply. I cannot find the mneumonic you have mentioned in the partnership lecture. Could you let me know what lecture it appears in ?
ArahnNovember 18, 2022 at 7:21 am #671779
This question goes back to at least August 2019 when a student Andrewire asked about Learn Fast Rats. The mnemonic is to identify the differences between a company and a partnership, but I cannot now (nor could I then!) find anywhere in the detailed notes where I have filled out the mnemonic
I do remember, in an earlier version of the course notes, having a separate page for this mnemonic but at some time in history I appear to have instructed Admin to remove it
Do you want to try to fill it out for yourself? You could start with, for example, L(iability) E(xistence) A(ccounts) R(egistration) …
Keep going and see how far you can get – you’re doing this only for your own benefit – it will never appear in this form in an ACCA Exam!
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