AAT - Processing Bookkeeping Transactions (PBKT) Exam

Introduction

Studying for the AAT PBKT 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

The main benefits of the way the content is presented and accessed via the Knowledge Bank are as follows:

• 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 PBKT syllabus

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

The syllabus for PBKT is split into 8 main learning outcomes (LOs):

LO1 Understand the principles of processing financial transactions

The best pages to look at here are the ones on Business Transactions and Documentation, The Accounting Equation and the one on Ledger Accounts.

LO2 Understand the double entry bookkeeping system

Start with the main page on Double Entry Bookkeeping but also look at the pages on Processing Cash Transactions and Processing Credit Transactions.

LO3 Understand discounts

The knowledgebank does not currently have content that addresses this LO.

LO4 Prepare and process financial documentation for customers

The knowledgebank does not currently have content that addresses this LO.

LO5 Process supplier invoices and credit notes and calculate payments

Start with the main page on Double Entry Bookkeeping but also look at the pages on Processing Cash Transactions and Processing Credit Transactions

LO6 Maintain the cash book

Look at the page on Books of Prime Entry - the cash book is one of the different books covered here

LO7 Maintain petty cash records

Look at the page on Books of Prime Entry - the petty cash book is one of the different books covered here

LO8 Process ledger transactions and extract a trial balance

The key page here is the one on Preparing a Trial Balance. Make sure you explore some of the related pages through the links at the top and RH Side of the page

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