First Previous - Page 1 of 1 - Next Last

BA6 Fail!!

  • Associate
  • 14 posts
  • # 115215

After doing so well in all exams i am so upset to have failed BA6. I had done plenty revision and both mocks but still failed. I got 82%. Even though this is not far off from a pass i still dont know how i could improve as i went over the paper over and over. I dont know how else to prepare for the exam. Usually i find mocks very helpful as exam is similar but not this time!! really struggling with this! :( how many attempts do we get at sitting the exam? 

  • Associate
  • Practice Licence
  • 1 post
  • # 115222

Hi Sarah, I feel your pain.

I too did the BA6 exam yesterday. Failed also. Passed previous exams with good results and the mocks. Don't know where I went wrong. It's frustrating that you can't get detail of where I made errors. 

I have got the Kaplan books and done the mocks. Any suggestions on where to get more reading on Non Profit Organisations and practice questions gratefully received.

  • Student
  • 1 post
  • # 115254

Hang in there. Its tough. I failed both Mocks after having distinction in all other exams. It came down to making sure I didnt miss anything. Most of my mistakes were missing out things. It was very frustrating but in the end I managed to pass the actual exam with a merit. I was really sweating it though. Dont be tempted to rush and read carefully. Talk it through with your tutor if you have one. I have Ideal Schools and they are great at doing their best to fully prepare you for the exams. I would reccommend HMRC websites to read up on or any other to help with underpinning knowledge. I think ICB like to throw a curve ballor two to keep you on your toes. Hope all goes well

  • Member
  • Practice Licence
  • 20 posts
  • # 115255

 

Sorry I can't post the actual link but if you google this:

 

76357 Unit FO12 OCR examination questions and mark scheme extracts 

 

you should find there is an AS level Accounting PDF for download.

 

Good section on club and society accounts, also plenty of stuff for your BA7 - adjustments, errors, sole traders and p/ships.

 

Im about to sit ABA9 and still using it for practice for ltds, advanced p/ships and analysis.

 

Hope it helps and best of luck

 

Trish

  • Student
  • 1 post
  • # 115257

I had two exams on BA6, unfortunately I failed both. I hope ICB should re-consisder to change the format of their exams. I tried my best but to no avail!!!! HELP!!!! 

  • Associate
  • 14 posts
  • # 115287

im glad to know its not just me struggling with this. i phoned ICB and they said i get 3 attemps at this exams. first one obviously failed and two more attempts but i have so much anxiety over this i keep putting it off!! its the not knowing where i am going wrong and why i failed thats making me nervous. when i go over notes i think i understand everything which is why im scraed to do exams again! i attempted both mocks but still managed to fail this!! this has really set me back!! :(

  • Associate
  • Practice Licence
  • 32 posts
  • # 115293

I failed that one due almost entirely to formatting and rounding so make sure you're clear about this. For example I put £12.00 when they wanted 12 and £12.55 when they wanted it rounded down. Don't give up. :)

  • Affiliate
  • 2 posts
  • # 115316

I just failed BA6 as well :(

I passed B1 - BA5 without issue.

I did well with the mock from Kaplan but the actual ICB exam was quite a bit different. Think I'll try ICB mocks before I try the real exam again.

  • Associate
  • 14 posts
  • # 115321

so i have just done 2nd attempt for BA6 and i failed AGAIN! :( so upset over this. not sure what else to do or study. i have phoned icb and they said i cant get a report for neither of the attempts. i feel like giving up. i only get one more attempt at this. 

  • Member PM.Dip
  • Practice Licence
  • 7 posts
  • # 115327

Don't dont don't give up Sarah. You are so close to getting your practice licence.

ICB won't tell you what you got wrong but will give you the general areas so brush up on your revision of those. Is there is anything you are misunderstanding?

Did you self study or use a training provider? I know Trianing Link have their own mocks which you have to pass before they allow you to sit the real thing. Maybe you could use them for just B6 & B7? Yes it will cost and take a bit more time but what price do you put on your practice licence?

In addition to all that buy as many ICB mocks as you can taking the last as near as possible to when you resit the real thing. Any errors will be fresh in your mind.

Do you attend branch meetings? There's probably someone there who has had a similiar experinece but at the very least if you are feeling down other members will talk you back up and isnspire you to achieve your goal.

You've put a lot of work in so far so don't throw it all away. You managed B4 (which I found to be the real killer) so don't be phased by B6.

Best of luck!!

 

 

  • Associate
  • Practice Licence
  • 32 posts
  • # 115333

I've had my share of fails and it feels horrible. Don't give up. If you do fail a third time, it isn't the end of the world. It just means you have to wait 6 months before re-taking. However, my best advice is to make sure you get the formatting right. I lost marks because of putting an answer in the following format £3.00 when they wanted '3'. Other than that I suggest taking as many mocks as you can to get the hand of it. I've just got my practice licence and so can you. Good luck. x

  • Associate
  • 14 posts
  • # 115360

Thanks for all your response everyone! 

 

Peter r i am doing self study and really struggling with tutor support if im honest. sending them an e-mail is fine enough but its just the response time and actually wording a question so they understand what i mean! i don't know what else to study or to loook at. Kaplan literally only has one I and E question for non profit organisations. I have re sat mocks. And have done the kaplan revision kits. But course material is very limited for BA6.

However after doing all this again I have figured out that I am struggling with understanding how you would write off accrued subscriptions from the previous year? so if anyone can enlighten me that would be great! I have come accross a few scenrarios where for example accrued heat and light from 2014 was paid begining of 2015. And same idea for subscriptions, and for this I cannot work out what the workings would be ?? or would you do nothing different as you would normally do when you do adjustments for current year? (sorry so hard to explain what i mean!! )

 

  • Member
  • Practice Licence
  • 20 posts
  • # 115362

Hi Sarah

You would write off subs by crediting the subs control a/c and completing the double entry by debiting the write off to Income and Expenditure a/c as an expense ( similar to how you would write off bad debt). 

Does that help any?

Trish

  • Associate
  • 2 posts
  • # 115363

Hi Sarah - don't give up!

Get hold of a copy of Business Accounts by David Cox (new or second hand at Amazon).  It has a really good chapter on CLub Accounts together with several scenario questions.

Also, Frank Woods' Bookkeeping & Accounts has a really good section.  (I got that one for a very cheap price second hand - it's the 2008 edition but it's been a standby for me).  It has a set of scenario questions as well.  His book tends to be more formal, whereas the David Cox book is phrased in more user friendly terms.

I did all of the questions over and over until I was getting every one of them right first time, without referring to any notes at all.  I also did every mock I could find until I was getting them totally right.  In the beginning I was forgetting something every time - and each time it was a different thing - but by the end I was getting them bang on, every time.

  • Associate
  • 14 posts
  • # 115364

Gravelpit said:

Hi Sarah

You would write off subs by crediting the subs control a/c and completing the double entry by debiting the write off to Income and Expenditure a/c as an expense ( similar to how you would write off bad debt). 

Does that help any?

Trish


 so when i draw up the subscriptions account to account for adjustments i would still include accrual bal b/f from for example from 2014 in dr and then cr same a/c with 2015 date (so effectively this is in the account twice ) and on top of that add any pre paid and accruals for 2015 to enter new adjusted figure in the income section? (sorry for all the questions) or would you just enter it once in the subscriptions account as a credit ?

 

hi chickie thank you i will have a look for books just now. I guess im doing the same just now. re doing all mocks and any revision i can but there is always that one small detail i need to look back to notes for to make sure i am doing it right. only 1 more attempt so really dont want to fail it as 6 months is a long time to wait for a resit!! 

  • Member
  • Practice Licence
  • 20 posts
  • # 115366

Hi Sarah 

Forget about p/paid just for now :)

On dr side of your subs a/c you enter subs owing from previous year as this is income for different period regardless of whether it eventually gets paid or not.

If everybody who owed subs paid them in current year that amount would be included in monies received figure on credit side. If any amounts owing was written off you also have to credit subs a/c with the amount written off  - instead of the debit entry being the money going into the bank (or the biscuit tin) the debit entry goes to the expenditure section of the I and E.

 

So yes, whats owing is debited and whats paid/written off is credited.

 

Hope that makes bit more sense. 

  • Associate
  • 14 posts
  • # 115367

Gravelpit said:

Hi Sarah 

Forget about p/paid just for now :)

On dr side of your subs a/c you enter subs owing from previous year as this is income for different period regardless of whether it eventually gets paid or not.

If everybody who owed subs paid them in current year that amount would be included in monies received figure on credit side. If any amounts owing was written off you also have to credit subs a/c with the amount written off  - instead of the debit entry being the money going into the bank (or the biscuit tin) the debit entry goes to the expenditure section of the I and E.

 

So yes, whats owing is debited and whats paid/written off is credited.

 

Hope that makes bit more sense. 


 yes I think I get it now! figures are entered before adjustment and again to write off. do you mind sending me your email or mobile number so i can get in touch if im stuck again! you seem to understabd this way better thrn me!! i dont know why im finding non profit accounts so difficult!!

thank you! 



Edited at 21 Jul 2017 02:38 PM GMT

  • Member
  • Practice Licence
  • 20 posts
  • # 115373

Hi Sarah

If you are happy to put your email address up on an open forum (you may get some spam to your inbox if you do) I will happily send you my contact details, if there is anything else I can help you with.

Trish

  • Associate
  • 14 posts
  • # 115374

Gravelpit said:

Hi Sarah

If you are happy to put your email address up on an open forum (you may get some spam to your inbox if you do) I will happily send you my contact details, if there is anything else I can help you with.

Trish


 thank you Trish, my email is sarah_13@hotmail.co.uk. I appreciate all the help. 

  • Associate
  • 14 posts
  • # 115396

Third attempt done! and i have FINALLY PASSED!!! i can't tell you how worked up i got before this exam, i knew it was my last attempt and i think that was stressing me out even more as 6 months to resit seems a long time! now onto ba7! ...time to start a new forum?? hehe . thank you all for your help 

  • Member
  • Practice Licence
  • 20 posts
  • # 115397

 I've sent you a PM but just wanted to say on the forum -  congratulations Sarah!! A fantastic result!!  

Trish 

  • Student
  • 9 posts
  • # 115607

I'm studying with Training Link and sat their BA6 mock and got 100%.  It must have been a fluke as I've since sat the 2 ICB mocks and failed them both with 75% and 76%.  I don't know what to do now other than give up.  I don't want to put in for the exam until I've had more practice but the Training Link test papers don't really reflect the ICB exams so I just feel like I'm wasting my time doing these.  Does anyone have any ideas what I could try next?

  • Associate
  • 14 posts
  • # 115608

hi pippa don't give up! hang in there!! I felt the same have a look at the reports for the mock and try and focus on those sections. further up this blog there s a really good link to study material which I found very helpful! have a go at that and see how you get on. you do get 3 attempts for this exam so try to keep calm and get yourself ready for the first one! if you fail you know you have 2 more attempts and a better idea of what the exam is actually like! good luck 

  • Student
  • 9 posts
  • # 115613

Hi Sarah

Thanks for the message of encouragement.  I think I need to re-group, before attempting the real thing.  I have looked at both mocks and can see where most of my errors occurred.  I have contacted my training provider about those that I haven't been able to work through myself and am awaiting their response.  Can I ask, did the ICB mocks closely resemble the actual ICB exams?  I know the mocks I did for BA4 and BA5 were pretty similar to the real thing.

Thanks

  • Student
  • 1 post
  • # 115619

Pippa said:

Hi Sarah

Thanks for the message of encouragement.  I think I need to re-group, before attempting the real thing.  I have looked at both mocks and can see where most of my errors occurred.  I have contacted my training provider about those that I haven't been able to work through myself and am awaiting their response.  Can I ask, did the ICB mocks closely resemble the actual ICB exams?  I know the mocks I did for BA4 and BA5 were pretty similar to the real thing.

Thanks


 Hi Pippa,

 

Yes, I felt the ICB mocks resembled the actual exam.

  • Member PM.Dip
  • Practice Licence
  • 78 posts
  • # 115622

Hi Sarah

 

I failed BA6 three times and I was devasted.  It put back my plans by six months as I had to wait for new exams to be written.   I was terrified when I took it for the fourth time but thankfully I passed.

 

My suggestion would be to go over and over the mocks redoing them all again and again and again until you get them 100% in particular the ICB mocks as they are much closer to the BA6 exam than any others for this exam.

 

If there is a particular area you are struggling I will try to help (suerose.books@gmail.com)

 

Keep at it.  You will get there.  I have since gone on and am now am MICB PM Dip.  If I can do it anyone can.

 

Good luck

 

Sue

 

  • Student
  • 9 posts
  • # 115639

I've just passed the BA6, I'm so happy and relieved.  Now onto the BA7, does anyone have any suggestions on the best course of action to tackle revision etc. for this?

  • Member PM.Dip
  • Practice Licence
  • 78 posts
  • # 115641

Well done.  I am so pleased for you. 

 

Keep plugging away at it and take as many mocks as you can would be my advice.

 

Regards

 

Sue

First Previous - Page 1 of 1 - Next Last
loading