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HL Accounting....

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    #32
    alexcorb1991
    Closed Accounts Posts: 136 ✭✭alexcorb1991


    Job costing are by far the easiest/quickest q8.


    Manufacturing hopefully.

    Incomplete better come up or il cry(does studyin the non backwards prepare you for backwards)

    service/ tabular are a big chance 2


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    #33
    The Maverick
    Registered Users Posts: 417 ✭✭The Maverick


    (does studyin the non backwards prepare you for backwards)

    There is a lot more workings in the non backwards version but I say it would help a bit.Just make sure you know about the little differences like how you find out Net Profit and Cost of Sales.


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    #34
    Dman001
    Registered Users Posts: 5,534 ✭✭✭Dman001


    .:FuZion:. wrote: »
    Club came up last year Q.3....
    Oh yeah! But they haven't come up as a 100 mark in a while so this could be the year.


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    #35
    .:FuZion:.
    Closed Accounts Posts: 160 ✭✭.:FuZion:.


    Dman001 wrote: »
    Oh yeah! But they haven't come up as a 100 mark in a while so this could be the year.

    Yeah 2004 was the last time. But they would be seriously nasty to repeat a Club / Service ( even Farm ) question as they have always alternated. :rolleyes:


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    #36
    Fluorescence
    Moderators, Music Moderators Posts: 8,490 Mod ✭✭✭✭Fluorescence


    The SEC is determined to break patterns in all exam subjects so I wouldn't rely too heavily on predictions.... That said if Manufacturing accounts don't come up I WILL cry lol :o


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    #37
    .:FuZion:.
    Closed Accounts Posts: 160 ✭✭.:FuZion:.


    fluorescence wrote: »
    The SEC is determined to break patterns in all exam subjects so I wouldn't rely too heavily on predictions.... That said if Manufacturing accounts don't come up I WILL cry lol :o

    Well that said, English Paper 2 ( The first one lol ) was predicted down to a T. So lets hope they aint changing anything this year. :P


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    #38
    Fluorescence
    Moderators, Music Moderators Posts: 8,490 Mod ✭✭✭✭Fluorescence


    Lol that's true. However in Accounting, the paper was always easily predictable until last year when the Chief Examiner went a bit mad and threw anything down onto the exam :P


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    #39
    AJ6000
    Registered Users Posts: 99 ✭✭AJ6000


    The Cheif Examinor changed last year. It was the same guy for like 20 years or something and he retired last year and some new woman took over


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    #40
    galway.gaa
    Closed Accounts Posts: 145 ✭✭galway.gaa


    AJ6000 wrote: »
    The Cheif Examinor changed last year. It was the same guy for like 20 years or something and he retired last year and some new woman took over
    is it a different person making the paper this yeaer again? i think i remember hearing that or somebody sayin that
    anyone wanna clarify that


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    #41
    [Deleted User]
    Posts: 0 ✭✭✭ [Deleted User]


    If there is, **** flaps/


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    #42
    Risteard
    Registered Users Posts: 2,698 ✭✭✭Risteard


    It could work out beneficial in that there'll be no ratios and increased choice in section 2. As a matter of curiosity, has everybody studied question 1? We never did it, based on the fact that it's very long and that it would be better if we learned every other type of question which would cover us for the first two sections. We never did costing either, apart from marginal costing which is piss easy so I hope that comes up on its own.


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    #43
    ya-ba-da-ba-doo
    Closed Accounts Posts: 884 ✭✭✭ya-ba-da-ba-doo


    Doubt that lad retired, say e was sacked from the joke of a paper he did last year! Hopefully this lady will be nice in her first year. If not, accounting will definitely lose its popularity as a subject.


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    #44
    happyhappyhappy
    Closed Accounts Posts: 19 ✭happyhappyhappy


    Accounting is popular???


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    #45
    galway.gaa
    Closed Accounts Posts: 145 ✭✭galway.gaa


    happyhappyhappy wrote: »
    Accounting is popular???
    not really about 7000 people doin it


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    #46
    happyhappyhappy
    Closed Accounts Posts: 19 ✭happyhappyhappy


    galway.gaa wrote: »
    not really about 7000 people doin it


    Thought that...horrible subject


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    #47
    ya-ba-da-ba-doo
    Closed Accounts Posts: 884 ✭✭✭ya-ba-da-ba-doo


    happyhappyhappy wrote: »
    Accounting is popular???

    Over 7000 people doin it.. But if it becomes known for bein a dodgey subject it wont be that high in a few years


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    #48
    galway.gaa
    Closed Accounts Posts: 145 ✭✭galway.gaa


    happyhappyhappy wrote: »
    Thought that...horrible subject
    ya right. its a lovely subject if your into that kinda thing. id deffinatly recommend it. deffinatly no regrets pickin it


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    #49
    .:FuZion:.
    Closed Accounts Posts: 160 ✭✭.:FuZion:.


    fluorescence wrote: »
    Lol that's true. However in Accounting, the paper was always easily predictable until last year when the Chief Examiner went a bit mad and threw anything down onto the exam :P

    Lol yeah it was a horrible paper. :p But saying that, I have a little check list of what has come up over the years, and without knowing what was on 2008, I predicted most of the paper. Minus a few 60's instead of 100's and stuff like that. I better do the same again for monday. :p


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    #50
    alexcorb1991
    Closed Accounts Posts: 136 ✭✭alexcorb1991


    hold on you mean ratios are not a dead cert this year!!!:eek::eek::eek::eek::eek::eek::eek::eek:


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    #51
    .:FuZion:.
    Closed Accounts Posts: 160 ✭✭.:FuZion:.


    alexcorb1991 wrote: »
    hold on you mean ratios are not a dead cert this year!!!:eek::eek::eek::eek::eek::eek::eek::eek:

    Where did you get that from? :p But eh, nowhere in the syllabus does it say that Ratios are definatly coming up. They could mix it up this year. I hope they do because I hate them lol. But saying that, they will more than likely come up.


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    #52
    needacchelp
    Registered Users Posts: 27 ✭needacchelp


    hey guys, i was just wondering, what is everyone using for the percentage return on risk-free investments this year?

    In the marking scheme for last year they said 5%, but with the recession i'd say it'll have gone down.

    I can't remember what my teacher said about it and I accidentally left my old accounting copies in my locker too long and I think they've all been cleared out.

    Thanks in advance!


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    #53
    ~Candy~
    Closed Accounts Posts: 435 ✭✭~Candy~


    needacchelp wrote: »
    hey guys, i was just wondering, what is everyone using for the percentage return on risk-free investments this year?

    In the marking scheme for last year they said 5%, but with the recession i'd say it'll have gone down.

    I can't remember what my teacher said about it and I accidentally left my old accounting copies in my locker too long and I think they've all been cleared out.

    Thanks in advance!


    its 1%around this yr ...it was 1%in may anyway... =O yea, very low
    anything above 1% ,2%would be good..


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    #54
    needacchelp
    Registered Users Posts: 27 ✭needacchelp


    thanks candy!
    I'll put down 1-2% so, just to give a bit of margin for error or whatever you call it.

    If I get good results in august you can expect a massive fruit basket!

    only not really cause I'll be going to college soon after and will need all my money...

    but i'll think about sending a fruit basket


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    #55
    Risteard
    Registered Users Posts: 2,698 ✭✭✭Risteard


    What question is this in relation to?


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    #56
    needacchelp
    Registered Users Posts: 27 ✭needacchelp


    Ratios and interpretation of accounts.

    You usually have to compare the company's profits to the return you could expect from a risk-free investment.

    If the company's percentage profit isn't higher than the return on risk-free investments then there isn't much point in the company, the owners should just put their money into something else and save themselves the hassle of running a company.


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    #57
    blue-army
    Registered Users Posts: 1,301 ✭✭✭blue-army


    I'm hoping it's gonna be predictable this year.

    I'm sure there will be 1 or 2 surprises, but it should be easier than last years.

    I heard that they had to change the marking scheme 5 times last year. Can anyone confirm this?
    Either way, they won't want a repeat of having to correct each paper 2-3 times in order to match the bell curve.

    I think that it'll be;

    Manufacturing
    Dep, Tabs...with either Farm or Control AC's

    Ratios
    Service (or Tabs if not a 60mark Q)
    Incomplete Type B


    Job Costing
    Cash Budgeting (might be mixed with something, maybe?)


    anyone think the same?


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    #58
    .:FuZion:.
    Closed Accounts Posts: 160 ✭✭.:FuZion:.


    blue-army wrote: »
    I think that it'll be;

    Manufacturing
    Dep, Tabs...with either Farm or Control AC's

    Ratios
    Service (or Tabs if not a 60mark Q)
    Incomplete Type B


    Job Costing
    Cash Budgeting (might be mixed with something, maybe?)


    anyone think the same?

    Dep, Tabs, Service.
    Ratios, Published, Incompletes.
    Any of these could come up in 60 / 100 form thou.

    Then I hope Absorption costing.
    And yeah, cash / flexible budgeting.


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    #59
    Risteard
    Registered Users Posts: 2,698 ✭✭✭Risteard


    Oh, ratios, never mind then.:pac:


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    #60
    galway.gaa
    Closed Accounts Posts: 145 ✭✭galway.gaa


    Risteard wrote: »
    Oh, ratios, never mind then.:pac:
    are you not coverin ratios either? i thought i was the only one:pac:


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    #61
    Risteard
    Registered Users Posts: 2,698 ✭✭✭Risteard


    galway.gaa wrote: »
    are you not coverin ratios either? i thought i was the only one:pac:

    I'll look over the ratios themselves the night before strictly as a back up but they are a last resort. Unless I feel that I'm truly ****ed with the other questions I won't do it. It's the commenting on them where I lose all my marks.


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