ATS Past Questions

ATS Past Questions – Every year, ATS opens admission for new students. These students undergo an examination process to authenticate their admission. Thus, this year, the same thing will be done. This past question will help to determine what standards of knowledge and skill are to be attained by persons seeking to become members of the accountancy profession.

We have made the past question very simple, portable, and affordable such that every student can get it or download it as long as they have access to a smartphone.

We are interested in your success in the upcoming examination which shall be held this year but you need maximum preparation to have great success.

What are ATS’s Past Questions?

The Accounting Technicians Scheme (ATS) is a program designed to provide individuals with the skills and knowledge necessary to pursue a career in accounting and finance. This scheme typically offers a structured pathway for those interested in becoming accounting technicians or pursuing related roles in the field.

ATS programs often cover fundamental accounting principles, financial reporting, taxation, auditing, and other relevant areas. These programs are usually offered by professional accounting bodies or institutions and can vary in duration and depth depending on the level of qualification being pursued.

Individuals enrolled in ATS programs may undergo examinations or assessments to demonstrate their understanding of accounting concepts and practices. Successful completion of the program may lead to certifications or qualifications that are recognized within the accounting and finance industry, enhancing career prospects and providing a solid foundation for further professional development.

Different countries or regions might have their own specific ATS programs offered by various professional accounting bodies or educational institutions, each tailored to meet the requirements and standards of that particular area’s accounting practices and regulations.

Why you need ATS Past Questions

Helps work out the time required for each question.

Identifies the style of exam questions (short-answer, multiple choice, or essays).

Helps practice exam techniques.

Helps identify key subject areas to focus on in revision.

ATS Past Questions Pattern

Professional Level
-Advance Audit and Assurance
-Case Study
-Corporate Reporting
-Strategic Financial Management

Foundation Level
-Business Law
-Business Finance
-Quantitative Techniques in Business

Skills
-Audit and Assurance
-Management, Governance and Ethics
-Performance Management
-Financial Reporting
-Public Sector Accounting and Finance
-Taxation

The exams are always patterned in objectives (multiple choice) format and it is not in CBT. We bring all the questions for many years and put them together but we indicate the specific years of their occurrence. The questions are usually objectives only with no theory irrespective of the course of study or subject combination.

Sample of ATS Past Questions

1. Which of the following is NOT an item in the statement of financial
position?
A. Bad debts
B. Cash
C. Building
D. Account receivable
E. Inventory

2. Which of the following is NOT an asset?
A. Cash at the bank
B. Accounts receivable
C. Accounts payable
D. Inventory
E. A shop

3. Which of the following is NOT a non-current asset?
A. Land
B. Furniture & fittings
C. Buildings
D. Inventory
E. Motor vehicles

4. The characteristics of public sector entities are
A. They have multiple objectives
B. There is no equity ownership
C. There is equity ownership
D. They are profit-making institutions

5. Which of the following correctly represents the accounting
equation?
A. Assets + Capital = Liability
B. Assets + Liabilities = Capital
C. Capital – Liabilities = Assets
D. Liabilities – Assets = Capital
E. Assets – Liabilities = Capital

6. Which of the following is NOT correct?
Assets Liabilities Capital
N N N
A. 7,850 1,250 6,600
B. 8,200 2,800 5,400
C. 9,550 1,150 8,200
D. 6,540 1,120 5,420
E. 12,500 8,300 4,200

7. The following are the commonly used books of original entry,
EXCEPT
A. Sales day book
B. Purchases day book
C. Returns inwards day book
D. Returns outwards day book
E. Control account

8. A trial balance can best be described in which of the following
ways?
A. It shows the financial position of a business
B. It is a special account
C. It shows all the entries in the books
D. It is a list of balances on the books at a particular date
E. It is used to correct errors in the accounts

7 Tips to Prepare for ATS Exams

1. Don’t make reading your hobby: A lot of people put reading as a hobby in their CV, they might be right because they have finished schooling. But “You” are still schooling, so reading should be a top priority, not a hobby. Read far and wide to enhance your level of aptitude
2. Get Exams Preparation Materials: These involve textbooks, dictionaries, Babcock University Post UTME Past Questions and Answers, mock questions, and others. These materials will enhance your mastery of the scope of the exams you are expecting.
3. Attend Extramural Classes: Register and attend extramural classes at your location. This class will help you refresh your memory and boost your classroom understanding and discoveries of new knowledge.
4. Sleep when you feel like: When you are preparing for any exams, sleeping is very important because it helps in the consolidation of memory. Caution: Only sleep when you feel like it and don’t oversleep.
5. Make sure you are healthy: Sickness can cause excessive feelings of tiredness and fatigue and will not allow you to concentrate on reading. If you are feeling as if you are not well, report to your parent, a nurse, or a doctor. Make sure you are well.
6. Eat when you feel like it: During the exam preparation period, you are advised not to overeat, and to avoid sleep. You need to eat little and light food whenever you feel like eating. Eat more fruits, drink milk and glucose. This will help you enhance retention.
7. Reduce your time on social media: Some people live their entire lives on Facebook, Twitter, WhatsApp, Messenger chat. This is so bad and catastrophic if you are preparing for exams. Try and reduce your time spent on social media during this time. Maybe after the exams, you can go back and sleep in it.

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We wish you good luck!