Paper 1 Recording Financial Transactions Exam Resources 

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BPP Exam Tips

Following arethe Exam tips for Paper 1 Recording Financial Transactions that are likely to appear in this Attempt. WARNING: The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.

Because the exam is entirely multiple choice it is easier for the examiner to cover the whole syllabus of 1 in any one sitting. The following topics are however key topics and we would expect them to appear somewhere on the paper.

• Understanding and accounting for various business transactions, eg sales, purchases, expenses, trade and settlement discounts
• Transaction documentation: invoices, credit notes, statements etc
• Basic VAT
• Cash handling (eg petty cash, recording in the cash book)
• Posting to the general ledger (debits and credits)
• Bank reconciliations
• Sales/purchase ledger reconciliations
• Capital v revenue expenditure

FTC Exam Tips

Ftc has released Exam tips for some of it papers and they have been published here, tips for more CAT Papers would be added as they are released

 Syllabus and study guide

The syllabus and study guide is designed to help with planning study and to provide detailed information on what could be assessed in any examination session.You can Download the Study guide for Paper 1 Recording Financial Transactions by right-clicking and "Save Target As" the link below.

Download Study Guide for Paper 1 Recording Financial Transactions

Pilot Papers for New CAT Syllabus

The pilot paper for the exams indicate how each paper will be assessed, structured and the likely style and range of questions that could be asked.

Pilot Paper for Paper 1 Recording Financial Transactions.

Technical Articles

Technical articles for Paper 1 Recording Financial Transactions can be assesed here.