PQ AAT exams
AAT RESULTS Detailed in the table below are the worldwide success rates for computer based assessments (CBA) for the 12 months ending 31 December 2017. The table includes the final success rates for AQ2013 assessments AQ2013 & SHORT QUALIFICATIONS CBA SUCCESS RATES – YEAR ENDING 31 DECEMBER 2017 Level/Assessment name Short Code Worldwide 1 Access AA 92.7% 1 Bookkeeping and Accounts BKAC 87.1% 1 Computerised accounts COPA 91.9% 1 Computerised Payroll Administration CPYA 83.8% 1 Spreadsheets software SPRS 91.1% 2 Accounting skills to run your business ASYB 68.3% 2 Basic costing BCST 94.9% 2 Control accounts, journals and the banking system CJBS 74.8% 2 Computerised accounting CPAG 88.5% 2 Processing bookkeeping transactions PBKT 81.5% 2 Work effectively in accounting and finance WKAF 94.7% 3 Accounts preparation ACPR 53.0% 3 Costs and revenues CSTR 79.9% 3 Prepare final accounts for sole traders and partnerships FSTP 79.3% 3 Indirect tax ITAX 78.9% 3 Professional ethics PETH 61.6% 3 Spreadsheet software SDST 88.0% 4 Budgeting BDGT 67.8% 4 Business tax BTAX 59.8% 4 Credit control CRDC 77.2% 4 Cash management CSHM 52.8% 4 External auditing EXTA 64.8% 4 Financial performance FPFM 53.1% 4 Financial statements FSTM 55.1% 4 Internal controls and accounting systems ISYS 90.7% 4 Personal tax PTAX 50.3%
AQ2016 CBA SUCCESS RATES – YEAR ENDING 31 DECEMBER 2017 Level
Assessment
Short code
Worldwide
Foundation Foundation
Bookkeeping Controls Business Communications, Personal and Learning Skills
BKCL
76.7%
BPLS
93.9%
Foundation Foundation Foundation Foundation
Bookkeeping Transactions Elements of Costing Foundation Synoptic Assessment Introduction to Business and Company Law
BTRN ELCO FSYA
90.6% 92.8% 87.0%
IBLW
50.9%
Foundation Foundation Advanced Advanced
Introduction to Payroll Using Accounting Software Advanced Bookkeeping Advanced Diploma Synoptic Assessment
INPY UACS AVBK
88.5% 81.3% 61.0%
AVSY
44.0%
Advanced Advanced Advanced Professional Professional Professional Professional Professional
Final Accounts Preparation Indirect Tax Management Accounting: Costing Business Tax Credit Management Cash and Treasury Management External Auditing Financial Statements of Limited Companies
FAPR IDRX MMAC BSTX CDMT CTRM ETAU
74.1% 76.1% 80.2% 70.7% 61.1% 41.4% 75.4%
FSLC
62.6%
Professional Professional
Management Accounting: Budgeting Management Accounting: Decision and Control
MABU
70.6%
MDCL
50.7%
Professional
Professional Diploma Synoptic Assessment
PDSY
41.2%
Professional
Personal Tax
PLTX
65.8%
Detailed in the table above are the worldwide success rates for computer based assessments (CBA) for the 12 months ending 31 December 2017. The next report for the year-ending 30 June 2018 will be published at the end of September 2018.
PQ company rules
PSCs: a question of control What is a PSC and how does it work? Here’s what Companies House has to say...
A
person with significant control (PSC) is someone who owns or controls a company. They are sometimes called ‘beneficial owners’. Every company must identify their PSC and tell Companies House who they are. A company can, of course, have more than one PSC. A company must record the PSC’s details on the register and send it to Companies House. A PSC must meet one or more of the following conditions of control. Most PSCs are likely to be people who hold: • More than 25% of shares in the company. • More than 25% of voting right in the company. • The right to appoint or remove the majority of board of directors. If the PSC holds more than 25% of shares, 22
they are likely to hold the same amount of voting rights. A PSC may influence and control a company thorough other means. This could be directly or on behalf of someone else. If a trust or firm influences or controls a company then the owners must decide if they meet any conditions of control. If they do, any person who controls the trust or firm is a PSC of the company. Certain details of the PSC need to be recorded on the register: • Name. • DoB. • Nationality. • Country of residence. • Service address. • Usual residential address (not displayed to the public).
• The date they became a PSC of the company. • The date they were entered into the PSC register. • Which conditions of control were met. The level of shares and voting rights must also be registered, within the following categories: • Over 25% up to (and including) 50%. • More than 50% and less than 75%. • 75% or more. A company is obliged to identify and contact anyone they think may be a PSC. If they refuse to provide PSC information they will be committing a criminal offence. You can place restrictions on the shares or voting right for someone who won’t give you this information. However, applying restrictions is a significant step and you should only consider this if they repeatedly refuse the request. All PSC information is available to the public, apart from their home address. The actual date is also hidden on their date of birth, with just the month and the year given. In exceptional cases, some individuals can apply to protect their PSC information. PQ PQ Magazine May 2018