Accounting predictions Q.6,7

EamonnKeane

My money's on club and published.

colm-ccfc84

Service and incomplete.

NoelJ

Incomplete is pretty much a definite so Im just studying Ratios and Incomplete and thats it .. Do you think there is any chance of Departmental Q1 coming up?

colm-ccfc84

NoelJ wrote:

Do you think there is any chance of Departmental Q1 coming up?

I can't see it. I would go insane if it did.

btothei

club accounts is guarunteed tbh...if not in 100 markers then at least in a 60 marker! but i wud say incomplete is comin up aswell with it in the 100 markers

colm-ccfc84

btothei wrote:

club accounts is guarunteed tbh...if not in 100 markers then at least in a 60 marker! but i wud say incomplete is comin up aswell with it in the 100 markers

Club was up more recently as 100m than service though. Would be my preferred choice though although the theory requies a lot.

Mushy

I said Club and Cash Flow. I'm quite flexible in that though. Incomplete or Published in there aswell wouldnt bother/shock me. I'll be prepared. 4 days before Accounting to study for whats easily my best subject.

colm-ccfc84

If I had to broaden my prediction it would be: service,incomplete,club, cash flow, published. Ii cannot see anything else being on. What about the costing? I think the two part with the stock valuation.

Mushy

Dont do costing myself, do the budgeting. Cant remember what it was last year, think it was flexible, if thats the case, I'd hope for a cash budget q.

colm-ccfc84

Mushy wrote:

Dont do costing myself, do the budgeting. Cant remember what it was last year, think it was flexible, if thats the case, I'd hope for a cash budget q.

yeah it was flexible budgeting. I will probably leave out the budgeting.

Genius16

Is everyone leaving out published a/c?
I am doing incomplete ratios club and service:cool:
leaving out cash flows and published...
surely this isn't a gamble?

Mushy

Definately doing Published, well, having them prepared anyway. Leaving out anything is a gamble, except maybe stuff that came up last year(apart from Ratio Analysis). Cash Flows in Section 2 havent come up since 1998, so I'd do them. Plus they very easy anyway, guaranteed 100 marks. Published you may get away with leaving out, bit of a risk. I can understand with all those notes at the end how much of a b**** it can be.

ADVICE: do one more topic than what you say your doing, just to be (more) secure

Genius16

Mushy wrote:

Definately doing Published, well, having them prepared anyway. Leaving out anything is a gamble, except maybe stuff that came up last year(apart from Ratio Analysis). Cash Flows in Section 2 havent come up since 1998, so I'd do them. Plus they very easy anyway, guaranteed 100 marks. Published you may get away with leaving out, bit of a risk. I can understand with all those notes at the end how much of a b**** it can be.

ADVICE: do one more topic than what you say your doing, just to be (more) secure

good point
Im going to leave out published and do cash flows...probally still two weeks away

colm-ccfc84

Genius16 wrote:

Is everyone leaving out published a/c?
I am doing incomplete ratios club and service:cool:
leaving out cash flows and published...
surely this isn't a gamble?

Very risky.

Genius16

There is a very HIGH chance that ratios and incomplete records will occupy two slots.
cash budgets/product costing/valuation of stock for section c

Bluefox21

I know everything except published and cash flow if the two of them come up il walk out!

melsman

im an a1 student in accounting and ive only ever come across sole trader,manufacturing and company accounts in Q1 so what is this departmental business all about?
oh q.6 and 7 will be cash flow and incomplete method 2

Bluefox21

dpartmental has been on the pass course for the last few years it is on our syllabus but has never been asked it is very easy and most "A1" students would be able to deal with it if it came up:rolleyes:

colm-ccfc84

Bluefox21 wrote:

dpartmental has been on the pass course for the last few years it is on our syllabus but has never been asked it is very easy and most "A1" students would be able to deal with it if it came up:rolleyes:

The fact is that nobody spends any class time on it. If it were on I would be sick, after spending two years doing every company,manufacturing and sole trader possible.

melsman

it hasnt even appeared on mock papers though, is it like a company or what?

Bluefox21

yeah thats true but realistically it will never come up here's an interesting one I heard the ratio question could be dropped this year....

colm-ccfc84

Bluefox21 wrote:

yeah thats true but realistically it will never come up here's an interesting one I heard the ratio question could be dropped this year....

According to some it is a given. :rolleyes: Yeah I hope it is, put on cash flow. I will learn ratios as a back up.

E92

Section 2
Q5- Ratios again, they're gonna keep asking them till people do well in them(worst scoring question 2 by a mile so I'm told)
Q6 - Incompletes, probably Balance Sheet backwards method, but wouldnt rule out Cash Book method at all(they haven't done it every second turn in the past, so why would they now?)
Q7 - Service(maybe club)

As an outside chance, we could see a 100 marker Cash Flow (hasn't been asked as a 100m since 98) and published (was a 60 last year, wont be a 60 this year, unlikely to turn up as a 100, but you never know with the SEC)
AS for section 1, you're better off doing the 2 60 markers. Its faster to do 2 60s than one 120 for a start. You have a choice, and the adjustments are way easier, plus most of the stuff you have to learn for it could well turn up as a 100marker instead. Cash Flows, Tabs, Club, Service, Suspense, Farm(the only type of question in the whole leaving Cert never to have been asked since the current syllabus has been introduced), Published turn up in both sections. But stick with what you feel most comfortable with.

colm-ccfc84

E92 wrote:

Section 2

As an outside chance, we could see a 100 marker Cash Flow (hasn't been asked as a 100m since 98) and published (was a 60 last year, wont be a 60 this year, unlikely to turn up as a 100, but you never know with the SEC)
AS for section 1, you're better off doing the 2 60 markers. Its faster to do 2 60s than one 120 for a start. You have a choice, and the adjustments are way easier, plus most of the stuff you have to learn for it could well turn up as a 100marker instead. Cash Flows, Tabs, Club, Service, Suspense, Farm(the only type of question in the whole leaving Cert never to have been asked since the current syllabus has been introduced), Published turn up in both sections. But stick with what you feel most comfortable with.

Each to their own, but statistically Q1 is better. I can get it done in max 40mins, and got the full 120 in the pre.

E92

colm-ccfc84 wrote:

Each to their own, but statistically Q1 is better. I can get it done in max 40mins, and got the full 120 in the pre.

Well who am I to tell you what to do then:D ? all the nerds do Q1, which is why the marks on it are so good . Anyone who cant get an A in Accounting strugggles with Question 1. I did say in my last line do what suits you best though. I got 91, well I'd have topped 100 if I read the question a trifle better, in the pre, but I switched to the 2 60 markers and by God am I glad that I changed. I save 15 muinutes doing the 2 60s, plus I get them right more often than not.

You're obviously going to do very well at Accounting then, no mean achievement.

melsman

Bluefox21 wrote:

yeah thats true but realistically it will never come up here's an interesting one I heard the ratio question could be dropped this year....

yeah i think ratios will be dropped too, the paper has become too predictable and i heard that arthur russell fella on the radio saying there was going to be surprises! and he said it in such an evil voice too....
ive 6 days of pure accounting to study for so hopefully il get all eventualitys well covered

E92

melsman wrote:

yeah i think ratios will be dropped too, the paper has become too predictable and i heard that arthur russell fella on the radio saying there was going to be surprises! and he said it in such an evil voice too....
ive 6 days of pure accounting to study for so hopefully il get all eventualitys well covered

Well the SEC have a habit of continuing to ask questions till people get them right....ratios are the worst performing question, have been for many years, so unless they have magically changed their minds or we do miraculously well in Ratios this year when they come up, Ratios will be on the exam for the forseeable future. Of course nobody said they had to turn up, but I cant see them not asking Ratios this year.

T-b0n3

authur russel was my teacher this year and he never made it clear to us there would be a "surprise" he said hed be shocked if one of club/service/incomplete didnt come up in section 2 and he never mentioned ratio not being there he advised us to do it..

Adam

melsman

T-b0n3 wrote:

authur russel was my teacher this year and he never made it clear to us there would be a "surprise" he said hed be shocked if one of club/service/incomplete didnt come up in section 2 and he never mentioned ratio not being there he advised us to do it..

Adam

well no better man than yourself so seeing as you had him but thats what he said on 606 on 2fm

powerofone

I'd say--

for Q1- company final accounts

S2-- service and incomplete records (working back method)

S3--cash budget

Published is always a possibility, too risky to leave it out


but hey these are only predictions, dont take it as bible

justbringit89

powerofone wrote:

S2-- service and incomplete records (working back method)

FYI There callled incomplete Type B

justbringit89

powerofone wrote:

S2-- service and incomplete records (working back method)

FYI There callled incomplete Type B

Mushy

E92 wrote:

Section 2
Q5- Ratios again, they're gonna keep asking them till people do well in them(worst scoring question 2 by a mile so I'm told)
Q6 - Incompletes, probably Balance Sheet backwards method, but wouldnt rule out Cash Book method at all(they haven't done it every second turn in the past, so why would they now?)
Q7 - Service(maybe club)

As an outside chance, we could see a 100 marker Cash Flow (hasn't been asked as a 100m since 98) and published (was a 60 last year, wont be a 60 this year, unlikely to turn up as a 100, but you never know with the SEC)
AS for section 1, you're better off doing the 2 60 markers. Its faster to do 2 60s than one 120 for a start. You have a choice, and the adjustments are way easier, plus most of the stuff you have to learn for it could well turn up as a 100marker instead. Cash Flows, Tabs, Club, Service, Suspense, Farm(the only type of question in the whole leaving Cert never to have been asked since the current syllabus has been introduced), Published turn up in both sections. But stick with what you feel most comfortable with.

Can do a Company Final in 35 mins max, The others would be 40 mins, so wouldnt consider it faster.

Farm Accounts came up last year. As for saying Ratio question is the worst scoring, it is true. But my teacher also said they mark it very hard, as it comes up in only two forms(shareholders/debenture holders), and so if you do it, you should know it extremely well enough(if you've studied enough for it of course;) )

A combination of RAtio Analysis, Incomplete Type B and cash Flow would be a sweet sweet paper. Came up in our mocks, but I did nowhere near enough study for it. Measly 70%, that could so easily have been 90%+.

lemansky

Departmental won't come up.They are unofficially told at inservice to leave it out.
I did hear however that they are thinking of changing what questions are coming up so as to break away from whatever trends have emerged.Eg company accounts is widely predicted for q1....rumour has it that 'they' may decide that this year is to be the year that they break the trend which that prediction is based on.Also based on that the rumour I've seen above that ratios may be dropped could turn out very true,if they're looking to mess the paper up.

colm-ccfc84

lemansky wrote:

Departmental won't come up.They are unofficially told at inservice to leave it out.
I did hear however that they are thinking of changing what questions are coming up so as to break away from whatever trends have emerged.Eg company accounts is widely predicted for q1....rumour has it that 'they' may decide that this year is to be the year that they break the trend which that prediction is based on.Also based on that the rumour I've seen above that ratios may be dropped could turn out very true,if they're looking to mess the paper up.

Is that a definite to leave out departmental?
I don't think company will be left out for 3 years, I know he likes question one. I can't see him 'hitting' those who try it. Hopefully they do drop ratios which will give a greater range in section 2.

Genius16

Ill give you 100/1 that they drop ratios and put on cash flow (inclusive)
1000/1 they put up a departmental and drop ratios
This is the course 10th year why should we be the unlucky ones....
I mean not putting on ratios for 1st time in 10 years........unlikely

colm-ccfc84

Once departmental isn't on I don't care.

TommyK_The-DJ

What are the chances of a Manufacturing coming up??

lemansky

colm-ccfc84 wrote:

Is that a definite to leave out departmental?
I don't think company will be left out for 3 years, I know he likes question one. I can't see him 'hitting' those who try it. Hopefully they do drop ratios which will give a greater range in section 2.

Well our teacher and many like him around the country only give departmental accounts a few seconds in class-and that is to tell us not to worry if we hear others talking about them..So leaving them out is a risk you take officially, but loads of people have never even heard about them except for having read about them on boards, which says that the teachers who don't teach it know its okay not to.

I only heard about the ratios rumour on this thread myself but there is defo talk about mixing up the pattern on q1 in the next few years, and there is no reason as to why we won't be the year......but as I say its just as likely they won't-but don't roll on any one prediction for question 1 unless you're desperate.

Shox

DO ye mean that there could be no question 1 at all.... no final accounts... could nt be.. or do ye just mean could it could be any of the three sole/ company/ manufacturing???

Mushy

There is every chance that Manufacturing could come up Tommy -K.

Shox, I'd be doubtful about a sole trader, as it came up last year. Despite these incessant rumours about mixing up the trends, I'd doubt they'd put sole trader on again. Manufacturing is the worst one I think.

Shox

ya i agree, manufacturin takes about 6/7 mins longer

I was wonderin does anyone plan on startin rulin out colums and writin the headings the minute they go in? in my exam hall we go in 10 mins before the exam and answer booklets are on the table!!!

Mushy

Ya dont have to rule out anything for accounting. Just put the heading in, but no lines everywhere. Can keep it under a heading without the need of a ruler. When I'm finished writing out everything, I may put them in, but not before. Better remember to use a pencil. So much better

lemansky

Shox wrote:

DO ye mean that there could be no question 1 at all.... no final accounts... could nt be.. or do ye just mean could it could be any of the three sole/ company/ manufacturing???

Manufacturing or company.Sole trader isn't likely.I don't really see the paper being messed around but it could be.

Shox

Mushy wrote:

Better remember to use a pencil. So much better

Some of my friends told me not t use pencil!!! Is that mad or what?

Fuzzy_Dunlop

Yeah i doubt they're gonna mess around with everything this year, they'd have to be right saps to do that, maybe they'll get rid of the ratios and put in something easy like club/service and incomplete(and whatever other ****e), cos if they put get rid of it and then put up cash flow and published(not so bad i guess), they can... stick something....somewhere

lemansky

playa3 wrote:

they can... stick something....somewhere

Nah they'd enjoy that too much!

Mushy

Shox wrote:

Some of my friends told me not t use pencil!!! Is that mad or what?

Well, put it this way. If you make some mistake, which looks better: a scribbled out pen mark with barely legible figures over the scribble of pen. OR: just a space where the right figure is cos you were able to rub it out and keep it neat? Take your pick. If its all right and you have time at the end, then go over it in pen if you want. It is up to you, but I dont see the disadvantages of pencil writing.

whatshername!!

Shox wrote:

Some of my friends told me not t use pencil!!! Is that mad or what?

Thats because if you write in really light pencil some of it might have faded by the time you get them rechecked in september. Personnally i always do my accounting in pencil.

I hope ratios come up i love them. Is anyone else worried about the theory? Lately there putting more and more in and its starting to worry me. I did a/c coz i thought there was no theory. Its not fair.:(

euwwy deuwwy

The theory questions are a bitch, Im guessing that if servce firms (which has never had theory attached) comes up they'll change it slightly to shorten it and then add some theory. So not only will there be theory weve never seen before but also an alteration in the question. I found out aswell that they are capabe of putting a maxmum of 80 marks worth of theory on the paper!!!!!!! That would be a stinger. hmmm havent used that word in a while

BTW does nyone know where i can find a sample cash flow 100 mark answer? I have the 98 question nd the mock 04 question but not the answer 4 either!!!!!!!!!

colm-ccfc84

There are some in the book!