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BA7 Exam Bank Reconciliation

  • Associate PM.Dip
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  • # 113314

I have my BA7 exam next week and have just done the mock from ICB. I'm not impressed with my results as I got stuck with doing bank reconciliation without the convenience of printing out and ticking off. Any tips on how to do bank reconciliation without a hard copy to manually cross off will be really helpful? The time given seems very little for how loaded the questions are so any advice on how to save time will be very much appreciated.

  • Associate PM.Dip
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  • # 113315

Harryans said:

“I have my BA7 exam next week and have just done the mock from ICB. I'm not impressed with my results as I got stuck with doing bank reconciliation without the convenience of printing out and ticking off. Any tips on how to do bank reconciliation without a hard copy to manually cross off will be really helpful? The time given seems very little for how heavy the questions are so any advice on how to save time will be very much appreciated.”

 

  • Associate
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  • 38 posts
  • # 113317

Hi Harryans,

I am due to take my BA7 in 3 weeks time and I had exactly the same problem as you with regards to the bank reconcilliation.

My solution was to quickly write down the figures on a piece of scrap paper so that I had a hard copy to work from. This actually only takes a couple of minutes and I found it a quicker solution then trying to memorise which figures balanced from the screen.

I would strongly recommend purchasing the ICB mock as well as this will be very similar to the real test. I completed mine with 1 minute to spare so no chance of going back over my answers. I passed this mock but another advantage of taking it is that you have access to the correct answers afterwards. I found this very useful and you can also refer back to it at any time which I feel is a good revision tool.

 

Good luck with your BA7

  • Associate PM.Dip
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  • # 113318

Hello Janet

Thanks a lot for the tips. It was the ICB mock I tried but I just panicked when I was faced with doing bank reconciliation with no print out. I wasted a lot of time on that question and so didn't attempt about 20% of the exam because I ran out of time. I thought writing the figures down will take a lot of the very precious time but if you could do that in 2 minutes then that's not too bad. I guess I will have to purchase another mock.

With the report you got after your mock, did you have all the questions to refer to? Some of the questions on my report have just the answers with no question to refer to, and no explanations like you get in the B1 to BA6 mocks.

  • Associate
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  • 38 posts
  • # 113319

Hi Harryans,

That is strange.. I've have checked my mock and each question is listed with my answer plus the correct answer below. I'm not sure why yours is different? Perhaps it is something to do with it timing out?

I also counted the entries for the bank reconcilliation, there were 22 in all combined with the cash book entries so easily achievable to jot down quickly.

 

It might be worth querying your results with ICB if the paper hadn't downloaded properly?

  • Associate
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  • 19 posts
  • # 113320

Could you take a screen shot and paste in to a word doc and either print it out or have it on screen in a different window maybe?

  • Associate PM.Dip
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  • 50 posts
  • # 113323

Hi Janet, if how long it took ICB to get back to me when I enquired about textbooks for the payroll exam is anything to go by, then i sure won't be getting an answer when I query the exam for about another month by which time it will serve no purpose. I think it'll be best I try another mock using your tips for the bank reconciliation.

 

Hi Graham, I'm assuming there wouldn't be the facility at a test centre to print out hence my stress as I usually print out my bank reconciliation questions and cross out.

  • Associate PM.Dip
  • 18 posts
  • # 113329

When you sit the exam you're given a small whiteboard and pen. So the only way you can do it is as Janet suggested. Good luck :)

  • Associate PM.Dip
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  • 50 posts
  • # 113337

Thanks Mrs H.

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