Aat level 4 - Study guides, Revision notes & Summaries

Summary notes for AAT Level 4's exam: Personal Tax (PTAX). Clear and condensed notes covering each aspect of the exam which were used to pass first time.

Summary notes for AAT Level 4's exam: External Auditing (EXAU). Clear and condensed notes covering each aspect of the exam completed by an auditor which were used to pass first time.

Summary notes for AAT Level 4's exam: Management Accounting - Budgeting (MABU) Clear and condensed notes covering each aspect which were used to pass first time.

Summary notes for AAT Level 4's exam: Management Accounting: Decision & Control (MDCL) Clear and condensed notes covering each aspect of the exam which were used to pass first time.

AAT Level 3 - CSTR - Inventory3 forms that inventory can exist in: - correct answer 1. Raw material - items to be used in the manufacture of products 2. Work in progress - items that are part way through the manufacturing process 3. Finished goods - items that have been completed and are ready to sell Functions of inventory - correct answer • Acts as a buffer in times when there is an unusually high rate of consumption • Enables the business to take advantage of discounts by buying in ...

Summary notes for AAT Level 4 synoptic exam: Professional Diploma in Accounting. Condensed but clearly written was used to pass first time.

AAT Level 3 - CSTR - Inventory3 forms that inventory can exist in: - correct answer 1. Raw material - items to be used in the manufacture of products 2. Work in progress - items that are part way through the manufacturing process 3. Finished goods - items that have been completed and are ready to sell Functions of inventory - correct answer • Acts as a buffer in times when there is an unusually high rate of consumption • Enables the business to take advantage of discounts by buying in ...

AAT Level 3 - CSTR - Fixed & Flexed BudgetsReasons for budgets: (same aims as management accounting) - correct answer 1. Forecast future activity levels 2. Communicate goals and objectives 3. Plan for the use of resources - materials, labour, money 4. Control the different departments 5. Motivation by setting achievable targets Fixed budgets: - correct answer 1. Produced for a single activity level 2. Produced at the beginning of a period 3. Used to provide information as to the aims an...

AAT Level 3 - CSTR - Fixed & Flexed BudgetsReasons for budgets: (same aims as management accounting) - correct answer 1. Forecast future activity levels 2. Communicate goals and objectives 3. Plan for the use of resources - materials, labour, money 4. Control the different departments 5. Motivation by setting achievable targets Fixed budgets: - correct answer 1. Produced for a single activity level 2. Produced at the beginning of a period 3. Used to provide information as to the aims an...

What are the 3 main things that are helped by being provided management information? - correct answer Planning, Control & Decision-making What is the main way that the accounting department use management information to plan? - correct answer Prepare budgets What sort of information will help to develop an organisation's budgets? - correct answer - last years info - demand of products - standard cost of making one unit - price of raw materials - pay rises (legislation) ...