AAT - Control Accounts, Journals and the Banking System (CJBS) Exam

Introduction

Studying for the AAT CJBS exam

The content of this Knowledge Bank is not designed to be a substitute for a structured system of study towards the exams but rather should help complement your chosen study system.

In particular,

we do not guarantee full syllabus coverage,
the content here is not necessarily pitched at the right level of difficulty for your exam - in particular, in some areas, it may go beyond what you need,
the knowledge bank focusses on knowledge, concepts and ideas but has very few worked examples or graded exercises for you to practice,
there are no past exam questions here to attempt
examiner's articles and other official guidance are not repeated here.

We highly recommend that you complete a structured course of study and obtain text books and exam kits to improve your chances of exam success.

Using the Kaplan Financial Knowledge Bank

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a quick answer to a quick question - if you have a query then you should be able to access a trusted answer quickly and efficiently using either the search function, the top navigation bars or /and the side navigation.
integrated knowledge - examiners often criticise students for not appreciating how different topics fit together. By following the structured links and navigation bars in the content, you can explore related concepts to integrate your knowledge.
assumed knowledge - you can revise assumed knowledge from lower papers by searching for the relevant topics and reading around the subjects.

The AAT CJBS syllabus

A good page to start on if you are unclear where to begin would be the overview Financial Reporting page.

The syllabus for FSTP is split into 6 main learning outcomes (LOs):

LO1 Understand the purpose and use of control accounts and journals

The best page here is to look at the one on Controlling the Financial Reporting System.

LO2 Maintain and use control accounts

In addition to the main page on Controlling the Financial Reporting System, you should also look at the pages on Control Accounts and Control Account Reconciliations.

LO3 Maintain and use the journal

Start with the page on Books of Prime Entry as this covers journals.

LO4 Reconcile a bank statement with the cash book

The best page to start with for this LO is the one on Bank Reconciliations.

LO5 Understand the banking process

The Knowledgebank does not currently have any pages addressing this LO.

LO6 Understand retention and storage requirements relating to banking