accounting predictions

NanoZoom555

what does anyone think is coming up this year on the accounting paper?

the person setting the paper this year is new and apparently ratio's arent coming up and revaluation,incomplete and tabular are!

titan18

NanoZoom555 wrote: »

what does anyone think is coming up this year on the accounting paper?

the person setting the paper this year is new and apparently ratio's arent coming up and revaluation,incomplete and tabular are!

LOL.Classic.No ratios.Are you sure they arent just giving us the 2007 paper without ratios

NanoZoom555

nope far as i know they're thinking of taking ratios off. The reason Incomplete is coming up is because it was so badly answered last year. Tabular will be a 100 marker

titan18

Doesnt ratios have to come up like the thing that goes in Q1.They cant take it off without telling us.THat would be cruel especially as I'm good at them

JC06

I'm thinkin a Depreciation of Fixed Assets question for 60 marks and a Club Account question for 100 marks...
Maybe Marginal Costing for one of the 80's? Think it will be pretty similar to some of the mock papers...

Mars Bar

NanoZoom555 wrote: »

what does anyone think is coming up this year on the accounting paper?

the person setting the paper this year is new and apparently ratio's arent coming up and revaluation,incomplete and tabular are!

What? Are you fecking well joking me?! My teacher has been on the circuit for years, I mean YEARS! She is friendly with Christy Tyrell and I'm pretty sure she would have known if there was someone else writing the paper. And if that paper comes up, then I'm screwed! I'm banking on Manufacturing, Club and Published and if I really have to, a ratio and a marginal costing on Q8.

NanoZoom555

ratio's doesn't have to come up every year,it just has!and my teacher thinks that depreciation is too easy and that revaluation will be up instead.

guapa

Christy Tyrrell is setting up the paper. . i doubt tat he wouldnt bring up ratios cause there would be war especially because it is 100 marker. .its so easy to figure out whats coming up tho. .just follow the trends!!:):)

muffinman

It's Christy Tyrrell's first year setting it on his own apparently.. He won't put up any surprises.. Ratios will definitely be up.. Then other possibles are Club, Published, Incomplete Method 2 and Cash Flow.. Can't see anything else coming up. Manufacturing for q1 and no idea for q8

BlueCam

Q1 Manufacturing (possible: departmental).

Q5 Ratios.
Q6 Published.
Q7 Club (possible: cash flow).

Q8 Marginal and absorption costing.
Q9 Budgeting or flexible budgeting.

It's quite simple, really. Just look at the trends. I've a feeling tho bout those departmental accounts.

muffinman

BlueCam wrote: »

Q1 Manufacturing (possible: departmental).

Q5 Ratios.
Q6 Published.
Q7 Club (possible: cash flow).

Q8 Marginal and absorption costing.
Q9 Budgeting or flexible budgeting.

It's quite simple, really. Just look at the trends. I've a feeling tho bout those departmental accounts.

Departmental will never come up.. They're far too easy

Mars Bar

Which Q8 is the one with the Manufacturing an d trading account? I'm thinking it's budgeting. That better come up or else I'm seriously f**ked!

NanoZoom555

theres a trading a/c in cash budgeting for Q.9,but its unlikely to come up as it was there last year.

BlueCam

muffinman wrote: »

Departmental will never come up.. They're far too easy

They're easy if you've ever done one... but very few people have even heard of them let alone done a sample one, so I can see them being stuck on there some day just to catch a hell of a lot of people out

Mars Bar

NanoZoom555 wrote: »

theres a trading a/c in cash budgeting for Q.9,but its unlikely to come up as it was there last year.

Oh yes, I remember doing that last year, it's alright if you get the first half right. I must be thinking of the Flexible Budget then...

NanoZoom555

you've to do a marginal costing statement at the end of flexible budgeting...

Mars Bar

God damn it...*runs to the other side of room and searches frantically for accounting books*

Mars Bar

Okay, it's a marginal costing that I'm hoping for!

drunknmunky_69

is it seriously christy tyrrell setting it?shur it'll be a laugh so...my predictions:

60 markers:
suspense
depreciation
club/cash flow

100 markers:
published
cashflow/club

budgetting
production

costing
marginal

a sweet paper if u ask me...g'man christy

jessie11

manufacturing

interpretation...definately
club
published

xy budget

LayLay

Oh please for the love of God, no suspense or tab as 100's. :eek:

I hope:

Depr 60
Published 60

Cash Flow 100
Club 100

Marginal 80.

This comes up, I will be singing from the rooftops. I think a club and depr are likely to come up. Both haven't in a few years.

orangetictac

BlueCam wrote: »

Q1 Manufacturing (possible: departmentel)I've a feeling tho bout those departmental accounts.

Never done them!

Manufacturing
Club
Pub
Production Budget
Marginal Costing(maybe break even chart)

Petie_Pie

i am doin the 2 sixty mark questions...
I have beem teachin myself the course this year...

60marks:
Depreciation...
Cash Flow..

100 marks:
Club
Published

80 marks:
Budgeting...

Although... does anyone know what the main difference between 60 mark and 100 mark for cash flow is like?? or how to do incomplete type b??
lol

jessie11

are any of u attempting interpretation?

i hate them but they are guaranteed

Mars Bar

Yeah we are...well I won't be doing it if Club and Published come up together. God I hate them but they are starting to get a bit easier the more I practice them!

drunknmunky_69

jessie11 wrote: »

are any of u attempting interpretation?

i hate them but they are guaranteed

Well actually no they are not guaranteed!! It doesnt say so in the syllabus. The only reason they keep coming up is because students are answering this question poorly.

AaronCregan

I'm doing Interpretation of Accounts, they're so easy once you know your formulas and how to comment.

My predictions are:

60 Marks:
- Depreciation of a FA
- Cashflow
- Suspense

100 Marks:
- Interpretation of Accounts (gauranteed)
- Club
- Published

80 Marks:
- Functional/Flexible Budget


We left out Q1 and Q8 and focused on the other questions.

drunknmunky_69

AaronCregan wrote: »

- Interpretation of Accounts (gauranteed)
.

Its NOT guaranteed!!

Petie_Pie

See the ideal exam paper most people are thinkin of is the exact same as the pre,,
Will they not change it slightly??

drunknmunky_69

i was looking back over the old mock papers and i think it was 2002 or 2000 or something it was almost the same paper.then i compared the 2006 mock paper to the actual paper and it was totally different.

Does anybody think tabular will appear?

orangetictac

Hopefully it's like the easy pre. Cuz the other 1 had similar questions but was a good 20% harder

drunknmunky_69

i have a feeling it'll be pretty straight forwad paper. There'll porb be a strange working in suspense but like u dont lose many marks if u get it wrong.And id say he might put in revaluation.

Mars Bar

drunknmunky_69 wrote: »

i was looking back over the old mock papers and i think it was 2002 or 2000 or something it was almost the same paper.then i compared the 2006 mock paper to the actual paper and it was totally different.

Does anybody think tabular will appear?

In 100 mark? God I hope not, that would be a complete and utter disaster.

muffinman

Petie_Pie wrote: »

See the ideal exam paper most people are thinkin of is the exact same as the pre,,
Will they not change it slightly??

Leaving Cert is set before the mocks come out and by different people.... The mocks are predictions so nobody knows if it'll be accurate

drunknmunky_69 wrote: »

Does anybody think tabular will appear?

Our teacher said that if we were going to not study any question it should be tabs.. :eek:

jessie11

mars bar wrote: »

In 100 mark? God I hope not, that would be a complete and utter disaster.

mocks arent set by the department so there different...the ppl who did mocks jst predict wat dey tink will b on it

drunknmunky_69

:[/quote]Our teacher said that if we were going to not study any question it should be tabs.. :eek:[/quote]

i seriously hope ure right. I just dont get them.Not sure why.They dont work out for me.

orangetictac

Do ye really think Departmental is coming up??
That would be a guaranteed 120 marks down the drain.

muffinman

orangetictac wrote: »

Do ye really think Departmental is coming up??
That would be a guaranteed 120 marks down the drain.

I'd say they have a .001% chance of coming up (it's based on statistics, I swear).

orangetictac

Thank god!

manufacturing
club
pub
prod budget

.....with no theory!:p

that wud be nice

http://www.youtube.com/watch?v=EJf59zLzyfg&feature=related

betsymagoo

ok so if i do:

1. man/ sole

2. club

3. published

4. cash flow

4 incomplet type2

and

marginal

do yaz think im sorted or screwed.......... :O:O:O

NanoZoom555

betsymagoo wrote: »

ok so if i do:

1. man/ sole

2. club

3. published

4. cash flow

4 incomplet type2

and

marginal

do yaz think im sorted or screwed.......... :O:O:O

well ideally you should know everything,but if you don't at this stage id say go over suspense,theory and absorption costing.

betsymagoo

oh well i guess im screwed then....... im bankin on the four days that i have before the exam to learn all of the accounts.... i know how silly..... but last year i failed and i lost all interest..........:(:(

Slashman X

My teacher reckons that he is going to mess with the Depreciation question and have it as a % of NBV rather than cost, so it's a continuous depreciation.

louis626

Slashman X wrote: »

My teacher reckons that he is going to mess with the Depreciation question and have it as a % of NBV rather than cost, so it's a continuous depreciation.

Ye that was in our pre and i didnt see it:mad:
ah well u learn from ur mistakes!!

Petie_Pie

SOmeone from my class said there grinds teacher person said that is VERY unlikely to come up in the real exam and examcraft were way off to put it on...

blonde'n'brainy

just wondering are these all predictions for higher lever??? anyone hav any ideas for q1 in ol

NanoZoom555

blondenbrainy wrote: »

just wondering are these all predictions for higher lever??? anyone hav any ideas for q1 in ol

yea,these are all higher predictions,don't know anything about the pass paper,sorry!

AaronCregan

Does anyone have the mock Deprection question (it must have been examcraft) where the depreciation was calculated from the NBV? In my mock it was the same as the normal depre question. Maybe pm me because I know there's rules about posting copyrighted material or if not could someone give me an example of how that question would work?

Slashman X

I have an example of that written out (diff grid and all) but my scanner ain't working and my writing isn't exactly photogenic

If you really need to know, hit me up by PM or MSN and I'll go through it with you.

Petie_Pie

If it is being calculated from NBV instead of cost price it would be along the lines of....
Just a Simple example...

Vehicle 1 costs 90.000 and is deprectiated at 10% from N.B.V

Then the way it is normally done is 90.000 Dep year 1 would be 9000
Year 2 would be 8100
Year 3 would be 7290

You would take away the depreciation from cost then calculate depreciation..
Be careful to read the question carefully to see if it is being calculated from cost or N.B.V

lisa-kk

Ratios 4 def.....if nt they'd b war! n den dep, suspense n cah flow/club as 60s n 100s are ratios, published n cash flow/club. n mayb incomplete will come up.......