I'm just starting my level 2 manual, just seeing if anyones in the same boat willing to share tips and experience, gets quite lonely studying from home.
please don't misconstru anything that Eshaa83 posts as advice.
Good luck with level II
I know that at times motivation can be a real issue. My house is never as clean as when I should be studying! (i.e. now!!!)
If there is any specific advice that you need on any area please don't hessitate to post.
All the best,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
My house is getting like that now. To clean or to study? prefer to do the latter gives me an excuse now. lol
I do find 'time' an issue as i have 2 little ones to look after of a day so i try to study of an evening by then my brain has shut down.
When you think you've got the hang of T Accounts, extra accounts are added Accruals and pre payment Bad debt. Suspense account and P&L. I just need to re- read everything to get a better understanding.
Good advice. I've made the mistake of rushing through things. I'm passing the exams long the way but sometimes I'm not realising why things are done. I just accept them and do them that way. Now, the things I learned before are starting to click into place and I realise why they are done. I've done my final assignment for manual level III but still intend doing seven mock exams along with the mock online exam before I sit the real thing. If I fail on the numerical side of things with these mock exams I'm going to re-do them.
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Never buy black socks from a normal shop. They shaft you every time.
eshaa83 - obviously you have nothing better to do then to look through this forum and mock people. I think thats actually quite sad
They aren't mocking. They are actually trying to blend in. They are in reality just spammers. They have a link in their profile and that is the real reason they are here. Usually they have a link in their signature but that gives the game away too quickly.
Too many "they" in that paragraph. They made me do it.
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Never buy black socks from a normal shop. They shaft you every time.
I'm sure you will be fine after doing 8 mocks, thats the way to do it, with level 1, I photo copied my mock so i had had 3 copies and i kept doing it until i got the hang of double entry. How did you find level 2 ? Are you currently doing book keeping?
completely understand your situation. I've got something similar but with only one child.
don't know if it's of any help to you but some people find that if you read very early in the morning (i.e. before the ankle biters are up) you brain holds onto the information throughout the day. Bit like not being able to get the first song that you hear in the morning out of your head all day.
I've developed on that theory and now produce index cards (you know, question one side, answer on the other) the night before (i.e when they're in bed) then go through them first thing in the morning (i.e. before they get up) which seems to work for me as all day they keep popping into my head... Of course except when I'm actually trying to remember them. Then again that's obviously an indexing issue with my brain rather than the information not being in there as I can remember it when I'm not trying to.
Things get more complex when you start expanding your library as different books call the same T accounts different things. However, you'll soon get used to what's really what no matter what the book calls it.
Rather than going back and rereading it might actually be better to read a different book covering the same material as that will keep your interest where when redoing the same studies I find that you redo old questions from memory of the answers rather than thinking them through from scratch.
Hope that helps and don't worry about Eshaa83. like a few others who have appeared on here recently she will either get bored and disappear or Site admin will just delete her.
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I'm either going to have to start typing faster or writing less. This time there were three posts in before I managed to post my reply!
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Thats a very good idea. I think i will adopt that idea with the index card. I am currently using Kaplan book and i bought Peter Marshall however i didn't feel Peter Marshall book covers the topics in details so i have converted back to Kaplan.
Personally I like the David Cox book but appreciate that different books appeal to different people.
All of the following texts will also cover all of the ICB material :
BPP study text for ACCA paper F3
Kaplan study text for ACCA paper F3
BPP Study text for CIMA paper C2
BPP and Kaplan AAT study texts and workbooks for unit 1, 2, 3 and 5
My issue with the first ICB Kaplan text for beginner / intermediate is that it feels like a cut down version of chunks taken from the above texts. I can't comment on the advanced ICB text by Kaplan as I've not read that one.
I personally didn't feel that the Kaplan text covered anywhere near enough but then again I was sitting crossed legged on the floor in Foyles scan reading it I may be doing the book a severe injustice. If you get chance pop into your local stockist of ACCA and Kaplan texts and compare the Intermediate text to, for example, the ACCA paper F3 text and you will see where I am coming from.
Don't know why, a scene from an old film Dragnet just flew into my mind where you've got Dan Ackroyd standing there saying "Just give me the facts".
Maybe that's what I dislike about the Kaplan text as it did just seem to give the facts and whilst it was explaining how to do things it didn't seem to be saying why you were doing things.
Don't know if you've tried to get a balance sheet to balance yet but when you do "why" comes into the equation an awful lot (I still get a real buzz every time that I build a balance sheet that does. Just wished I didn't feel shocked by it quite so often!).
All the best,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I know exactly what you mean i've found myself asking why? with no answers. Like the VAT with early settlement discount, even if the customer doesn't take the early settlement the VAT is still at lower rate. That still doesn't make sense. All i know it's thats the way it is.
Is a trial balance the same as a balance sheet? I've done a trial balance and i have got it to match a few times.
I will look at additional books to help me along the way. Thanks for the guide. Pen and paper out writing them all down
Don't know if you've tried to get a balance sheet to balance yet but when you do "why" comes into the equation an awful lot (I still get a real buzz every time that I build a balance sheet that does.
I wonder if there will ever come a stage when after getting a balance sheet to balance I don't clench my fist and punch their with a cry of "YEAH!!!"
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Never buy black socks from a normal shop. They shaft you every time.
Peasie wrote:I wonder if there will ever come a stage when after getting a balance sheet to balance I don't clench my fist and punch their with a cry of "YEAH!!!"
I really hope not or else whats the point in doing this...
problem I often have is that when it does balance it just means that I've missed something off both sides of the equation rather than it being right.
Just finished a group accounts question and guess what, everything balanced but Id managed to completely miss reversing unrealised profit on a transfer of equipment within the group from both sides of the equation (group retained earnings and Non current assets).
My head is now recovering nicely after repeatedly banging it on my desk. (Doh!).
Oh well, still got 16 more days of practice to try and stop making damn stupid mistakes (but currently feeling as though I could really do with about 16 more months!).
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Im on my level 2 and would be more than happy to email in order to help one another, its a lot of info to get into your brain and then keep it there so understand where you are coming from lol.
i am from surrey, i am currently studying using books and info from the internet. i did my level 1 with a course provider but didnt like the way things were set out, it didnt seem to flow so finished level 1 using a book. hence the reason why im reluctant to use them again, which of course is based purely on my own experience with them, i know a lot of people like using them.
im finding it hard to concentrate, and have found that i have a sudden urge to bake more lol which my husband is pleased about!
at the moment im just dipping into each subject in turn with the intention of going back to the begining and then getting more indepth with each subject.
when i look back now at the level 1 mock it seems so easy but at the time i didnt find it so, so im thinking maybe i am going too indepth, not sure lol.
I am at the last assignment of level 2-and find it really difficult to concentrate at times-especially with my daughter around(who is 3) or housework, etc.
It doesnt help that i over complicate things when the answer is so simple!
Anyone in the same boat, please dont hesitate to contact me for any support!
Hi Well to be honest i have gone with a course provider and bought the package level 1, level 2 and computerised level 2. however i am practically on my own there are no assignments like other course providers just books and a kit with lots of questions and answers. I know they are at the end of a phone call but i think i have only called twice. So i am thinking if i go to level 3 i wont use a course provider again.
I do find it hard to concentrate i have two little ones 3.5 years old and a 22 month old so i don't get any time throughout the day, my studying starts 6.30pm onwards--which then my brain shuts down
Level 2 is hard but i am determined to learn it, looking back level 1 was easy. This level is more in depth you have the Trial Balance, Trading,Profit & Loss sheet , Balance sheet, deprecation, prepayment and accruals it is def: harder.. However got to stay optimistic We'll get there in the end.
Just to let you know i bought a really good book called Business accounts by David Cox, it was recommended to me by Shaun, another member :) It has really help me understand things a bit better. Look on ebay i bought this quite cheap secondhand.
You can usually find someone's proper name by clicking on their username in the left hand box and looking in their profile. Unless they are awkward creatures like me that haven't filled their name in.
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Never buy black socks from a normal shop. They shaft you every time.
sorry for the delay in replying my son has recently come home for a few months after years of living in ireland so have been busy playing catch-up-mum.
wow to you two, trying to do this with little ones around!! i need to stop moaning lol. yeah i have that book that you mentioned, david cox, couldn't have passed my level 1 without it.
well back to the bookkeeping, first glance at my books today!!
Hey, Just starting Assignment 6.It looks...long :) U guys convinced me to get David Cox's book so just ordered it from amazon. Got 2 of the Kaplan books-used the beginner one more and just had a browse through the Advanced one. Looking forward to receiving Cox's book now. Good luck !
