Plan to start ATI course Sept 2021. As per the ATI site there is a new exam structure for ATI year 1 exams.
Can anyone confirm what topics have been removed from Financial Accounting with the new 2020/21 syllabus, and what is the best way to pass section A of Financial Accounting where there is 1(?) question worth 46 marks.
Thanks in advance
Plan to start ATI course Sept 2021. As per the ATI site there is a new exam structure for ATI year 1 exams.
Can anyone confirm what topics have been removed from Financial Accounting with the new 2020/21 syllabus, and what is the best way to pass section A of Financial Accounting where there is 1(?) question worth 46 marks.
Thanks in advance
Hi Wilburnet, I cannot confirm what topics are due to be removed but the list below were the chapters in the Financial Accounting manual prior to the syllabus change. I completed the Year 1 exam in June 2020 so unfortunately I cannot make any suggestion about how to approach the question that will be worth the 46 marks (your tutor should be able to give guidance).
The marking scheme for the June '20 exam was - Part (a) Q1 30 marks, Q2 10 marks, Q3 20 marks (all 3 Q's were compulsory) and Part (b) 2 out of 3 questions with each Q worth 20 marks.
Financial Accounting
Theory
Chapter 1 Introduction to Accounting
Chapter 2 Accounting Concepts & Conventions
Chapter 3 Double Entry Book-keeping
Chapter 4 VAT, Payroll, Books of Prime Entry
Chapter 5 Introduction to Financial Statements (see chapter 11)
Chapter 6 Inventory
Chapter 7 Accruals and Prepayments
Chapter 8 Irrecoverable Debts and Allowance for Receivables
Chapter 9 Non-Current Assets and Depreciation
Chapter 10 Bank Reconciliation Statements
Chapter 11 Preparation of Financial Statements (see chapter 5)
Chapter 12 “Not for Profit” Organisations
Chapter 13 Control Accounts and Introduction to Control Account Reconciliations
Chapter 14 Incomplete Records
Chapter 15 Correction of Errors
Chapter 16 Suspense Account
The best of luck with the course and the exams.
Registered Users Posts: 3 ✭ Join Date: April 2021Hi mjbo, thanks a million thats a great help.
Can I ask how did you find in Year 1 studying / preparing to take the 4 final exams over a week or so period, it seems rather daunting studying for 4 exams in one sitting.
Hi Wilburnet, I cannot confirm what topics are due to be removed but the list below were the chapters in the Financial Accounting manual prior to the syllabus change. I completed the Year 1 exam in June 2020 so unfortunately I cannot make any suggestion about how to approach the question that will be worth the 46 marks (your tutor should be able to give guidance).
The marking scheme for the June '20 exam was - Part (a) Q1 30 marks, Q2 10 marks, Q3 20 marks (all 3 Q's were compulsory) and Part (b) 2 out of 3 questions with each Q worth 20 marks.
Financial Accounting
Theory
Chapter 1 Introduction to Accounting
Chapter 2 Accounting Concepts & Conventions
Chapter 3 Double Entry Book-keeping
Chapter 4 VAT, Payroll, Books of Prime Entry
Chapter 5 Introduction to Financial Statements (see chapter 11)
Chapter 6 Inventory
Chapter 7 Accruals and Prepayments
Chapter 8 Irrecoverable Debts and Allowance for Receivables
Chapter 9 Non-Current Assets and Depreciation
Chapter 10 Bank Reconciliation Statements
Chapter 11 Preparation of Financial Statements (see chapter 5)
Chapter 12 “Not for Profit” Organisations
Chapter 13 Control Accounts and Introduction to Control Account Reconciliations
Chapter 14 Incomplete Records
Chapter 15 Correction of Errors
Chapter 16 Suspense Account
The best of luck with the course and the exams.
Hi, I completed year 2 in June 2020 and year 1 in May 2019. The chapter titles seem the same as they were in year 1 for me.
Is there a link to this information on the ATI site? One question would not be worth 46 marks. Sounds more like if you got a final score of 46 they might review your paper and you may be lucky and get a few more marks to pass.
In 2019 they changed Q1 from a total of 20 marks to 30 marks it takes a bit of time and they placed higher value on the content of the question. They reduced Q2 to 10 marks.