Hkiaat Bookkeeping And Accounts Exam December 2006 Q6 Answer Pdf
How to Prepare for the HKIAAT Bookkeeping and Accounts Exam
The HKIAAT Bookkeeping and Accounts Exam is one of the four papers that you need to pass to become an Accredited Accounting Technician (AAT) in Hong Kong. The exam covers the fundamental concepts and principles of accounting, as well as the practical skills of using computerized accounting systems. The exam consists of three sections: multiple-choice questions, optional questions, and a compulsory question. The exam duration is 3 hours and 15 minutes, including 15 minutes printing time for the solution of Section C.
If you are planning to take the HKIAAT Bookkeeping and Accounts Exam, you may wonder how to prepare for it effectively. Here are some tips and resources that may help you achieve your goal.
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Understand the Syllabus and Exam Format
The first step to prepare for the exam is to understand the syllabus and exam format. You can find the syllabus on the [HKIAAT website]. The syllabus outlines the learning outcomes, topics, and sub-topics that you are expected to know for the exam. You should familiarize yourself with the syllabus and use it as a guide for your study plan.
The exam format is as follows:
Section A: Multiple-choice Questions Attempt all 15 Questions (20 marks)
Section B: Optional Questions Attempt any 2 out of 3 Questions (40 marks)
Section C: Compulsory Question Attempt the Question (40 marks)
Section A tests your knowledge of accounting concepts and principles, as well as your ability to apply them to simple scenarios. Section B tests your skills of preparing financial statements, adjusting entries, reconciliations, and other accounting tasks. Section C tests your skills of using computerized accounting systems, such as MYOB or Peachtree, to record transactions, generate reports, and perform analysis.
Review the Past Papers and Suggested Answers
Another important step to prepare for the exam is to review the past papers and suggested answers. You can find the past papers and suggested answers on the [HKIAAT website] as well. The past papers and suggested answers can help you understand the types of questions that may appear on the exam, as well as the level of difficulty and detail required for each question. You can also use them to practice your time management, accuracy, and presentation skills.
For example, if you want to review the past paper and suggested answer for December 2006 Q6, you can download the PDF file from this [link]. The question asks you to prepare a statement of financial position and a statement of comprehensive income for a sole proprietorship using MYOB. The suggested answer shows you how to enter the transactions into MYOB, how to print out the reports, and how to adjust them for presentation purposes.
Study with a Tutor or a Study Group
The final step to prepare for the exam is to study with a tutor or a study group. Studying with a tutor or a study group can help you reinforce your understanding of the topics, clarify your doubts, and learn from different perspectives. You can also exchange tips and strategies, share resources, and motivate each other.
You can find a tutor or a study group through various channels, such as online platforms, social media groups, or word-of-mouth referrals. You should look for a tutor or a study group that suits your learning style, budget, and schedule. You should also communicate your expectations and goals clearly with your tutor or study group members.
Conclusion
The HKIAAT Bookkeeping and Accounts Exam is a challenging but rewarding exam that can help you advance your career as an accounting technician in Hong Kong. To prepare for the exam effectively, you should understand the syllabus and exam format, review the past papers and suggested answers, and study with a tutor or a study group. By following these tips and resources, you can increase your chances of passing the exam with flying colors.