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Study Zone

Words + numbers = pass

Alex Wakeham has some advice for business strategy studiers who tend to struggle with the numbers

AAT level 4 for LSBF

LSBF online has launched new AAT level 4 professional diploma courses.

AAT pass rates for new assessments

The AAT has published new one-off pass rates for the revised versions of three assessments – the Advanced Synoptic (AVSY), the Professional Diploma Synoptic (PDSY) and Management Accounting: Decision & Control (MDCL).

IFRS: classifying financial intruments

Why is the IASB consulting on the accounting for financial instruments with characteristics of equity?

Concern over reason for PDSY pass rates

Graham Hambly reports from the recent AAT event

Read the whole paper first

AAT students must take time and read the synoptic assessment thoroughly before they begin to write, says Maureen O’Mara of Blue Horizon Training. That means teaching students to resist the temptation of writing an answer straight away, she told her packed session at the Training Providers’ Conference.

The award goes to…

So who walked off with the recent AAT Training Provider awards? Here are all the winners

The future accountant

Andrew Williamson has a vision about what the accountant of the future will look like

No more Carillion scandals?

Is it time for fundamental changes in the audit maket? Both Labour and BDO think so, reports Graham Hambly

Tax: no safe havens

PQ magazine editor Graham Hambly reports on how the UK is reforming offshore tax evasion

Why you can’t ignore the money laundering regs

Tim Pinkney explains why AML is a subject that you really need to know about

FRC ups the ante

The Financial Reporting Council has announced big plans to enhance its monitoring of the six largest audit firms.

Why reports matter

Mark Clatworthy poses the question: who actually uses financial reports?

Why you can’t ignore the money laundering regs

Tim Pinkney explains why AML is a subject that you really need to know about

Carillion fallout: FRC ‘under threat’

The future of the Financial Reporting Council has been thrown into doubt after the government promised an independent inquiry into its whole operation.

Synoptic worries for AAT sitters

The struggles AAT PQs are having with the later synoptic assessments were laid bare when the AAT released its first full set of pass rates for the AQ2016 assessments.

PSCs: a question of control

What is a PSC and how does it work? Here’s what Companies House has to say...

Blockchain and the future of accountancy

With bitcoin seemingly always in the news there’s much interest around the blockchain concept. David Lyford-Smith explains what it is and how it works

Keeping it real

Philip Dunn explains the importance of financial statements and who they are of most use to

AAT unveils three new qualifications

AAT has launched three qualifications for those are aiming to take their first steps into a career in finance.

It’s all about the people

As it celebrates its 20th anniversary, Sam Hannigan relates the tale of how Premier Training started and why it continues to go from strength to strength

AAT on demand

PQ recently dropped in to Kaplan to see what all the fuss is surrounding its on demand product

Still room for improvement in corporate reporting, says FRC

Regulator expects more detail and less ambiguity, according to report

Making Tax Digital: VAT

Despite delays to various staging post dates, the government’s digital agenda juggernaut is rolling on…

Your guide to the revised CTA exam

The CTA qualification is getting a major overhaul – and it is looking good

AAT rolls up its sleeves

AAT has been working hard over the summer to ensure it gets its assessment system ‘spot on’, according to Andrew Williamson, director of marketing and brands strategy. Talking exclusively to PQ magazine, Williamson stressed that, to this end, the AAT has undertaken more and more testing with training providers.

Let’s get technical: the Management Accounting Decision and Control assessment

Nick Craggs walks you through the first Management Accounting Decision and Control assessment

How to give great financial presentations

Peter Simons has some advice on an activity that scares many of you witless – giving a presentation to your firm’s top brass

Time to end ‘illogical’ intangible asset rules

The disclosure of intangible assets remains disappointingly low, with $35trn (or almost three-quarters) of global intangible value not reflected in 2016 balance sheets, says Brand Finance.

Dealing with a corporate trading loss

Victoria Cavell explains how companies can use trading losses to their advantage

Are you ready for GDPR?

Brian Palmer explains significant changes to the data protection laws that will come into effect in 2018 and will impact on your firm

Why it’s important that you test yourself

Gareth John explains why it’s vital you routinely test your yourself on your syllabus knowledge. How else can you guage your progress?

Planning for success

Experienced senior tutor Nitin Rabheru offers some tips on passing the AAT Level 4 Business Tax Exam

Drones are coming to an audit near you

Wave goodbye to your calculator, the accountant’s new best friend could be their pet drone!

IASB’s IAS 12 clarification

The International Accounting Standards Board has issued IFRIC 23 Uncertainty over Income Tax Treatments, to specify how to reflect uncertainty in accounting for incomes taxes. The board explained that it may be unclear how tax law applies to a particular transaction or circumstance, or whether a taxation authority will accept a company’s tax treatment.

AAT Level 4: Tax or not?

Experienced tutor Aidan Elliss offers some tips on choosing your AAT Level 4 tax options

AAT sitters’ hopes are going down the tubes

AAT has apologised for the technical issues that caused difficulties in completing certain tasks during the Level 3 Advanced Diploma synoptic windows. It admitted that it has received a number of incident reports and is now investigating the issues urgently to make sure they are addressed for the subsequent synoptic windows.

Standard overhaul 20 years in the making

The International Accounting Standards Board has now issued its overhauled IFRS 17 Insurance Contracts.

Back of the net!

We spoke to the AAT’s new Apprentice of the Year Rebecca Fay about her prize-winning night, her career so far and her goals (sorry, excuse the pun!)

Let’s get technical: spreadsheets

Nick Craggs just loves spreadsheets – and here he explains how you should use them to pass your exam

AAT admits ‘we got it wrong’ over MDCL

"The bottom line is we got it wrong with MDCL,” said AAT director of education Suzie Webb. She told a packed AAT Training Provider Conference that there was no pretty way to say it and she said she was “very sorry” for the problems tutors and students had had with the assessment.

AAT ‘uplifting’ MDCL marks after protests

AAT needs to provide more assurances about the marking process following the problems with the Management Accounting: Decision & Control (MDCL) assessment, say leading tutors.

Can cheats prosper?

Accountancy bodies have no plans to beef up their exam invigilation following reports of a surge in hi-tech cheating at universities.

Don’t go to pieces over leases

Claire Oglesby explains all you need to know about leases in the form of some top tips

Colour me VAT

HMRC sets out the VAT treatment for colouring and dot-to-dot books – is it simply child’s play?

Check in at Boots for a VAT refund

Who should pocket airport VAT refunds? Graham Hambly asks the question

Let’s get synoptic

Nick Craggs explains how the new synoptic exams work, and advises you on how best to tackle them

National insurance and the level playing field

John Colville outlines how NI works and why some consider it controversial

FRC wants the right to sanction all directors

The UK’s biggest public companies have been put on notice – the Financial Reporting Council (FRC) wants to be able to take disciplinary action against all individuals for breaching financial reporting rules.

ACCA CBEs: Be a session player

Judith Bennett explores the practical ways that you can tackle ACCA’s F5–F9 exams

Let's get technical: reclaiming VAT

Nick Craggs talks you through the complex business of reclaiming VAT

A Quick Look at... the nominal ledger

Today, the role of IT and the internet are wide ranging in industry, government and society.

IFRS: a model answer

Martin Jones sets a question on equity and debt – and provides a specimen answer

Get to the core

Kaplan’s AAT team explains what synoptic tests are and how to tackle them

Exam preparation: 24 hours to go

Stuart Pedley-Smith outlines what you should be doing with your time on the final day before that big exam

Let's get technical: ratio analysis

Nick Craggs examines how ratio analysis works in relation to limited company accounts

A quick look at… Treatment of payments for corportion tax purposes

A company may make different payments, but are you clear as to how each is treated for corporation tax purposes?

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