Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
HL Accounting....
Options
Comments
-
-
Having a bit of trouble on the Balance Sheet
In the Current Liabilities I can't work out the 'other creditors' figure for the life of me :mad:
Anybody got any ideas?
Thanks in advance
Debenture Interest for Year: 32000
- paid 12000
due 20000
Provision for Auditor's Remuneration: 9000
Provision for Directors' Remuneration: 80000
Other Creditors 1090000 -
-
-
-
Advertisement
-
you cant say your not a little excited about the accounting test tomorow:D?aine-maire wrote: »Weirdo
I'm sorry if you were being ironic
its gonna be fun. ive been waitin for it for 2 years0 -
Could someone just quickly explain how to get Dividends Proposed, Paid etc... on Manufacturing A/C's?
Just take the '05 one as an example..
Cheers.
Calculate total dividends: Preference 200,000 x 8%
Ordinary 300,000 x 9%
The interim is for 6 months, ie half a year. This is used for preference dividends...half the year = half the dividends have been paid. Dont use the interim figure, just half of the dividends you just calculated. Thats dividends paid, you can find dividends due easily by subtraction.
The rest of the interim is ordinary dividends paid, and again by subtraction find ordinary dividends due. 0 -
-
-
I see im not the only one up early to cram!!
If you're talking about a cash budget, say your purchases for February are 50,000, you dont actually pay them til march, and your purchases from march are paid in april. This has a knock on effect meaning that you dont count for your last months purchases (june most likely) in your cash budget, and you may not have a january figure if its a new business...
Hope that makes sense...:) Is that the type of q you were talking about?0 -
Advertisement
-
I got up early to cram...but went on this instead
If Manufacturing doesn't come up
I'm pooped
Also if Ratios are hard..im pooped
Also if incomplete/service don't come up..im pooped
(one more) Also if cash budgeting doesn't come up..im pooped
Oh the nerves!!!0 -
Anne-Marie!! wrote: »I see im not the only one up early to cram!!
If you're talking about a cash budget, say your purchases for February are 50,000, you dont actually pay them til march, and your purchases from march are paid in april. This has a knock on effect meaning that you dont count for your last months purchases (june most likely) in your cash budget, and you may not have a january figure if its a new business...
Hope that makes sense...:) Is that the type of q you were talking about?
lol..ya thanks!! =D =D
ya i swear they are gonna put up the other type of cash budget if it comes up o_O
ya i was up since half 6 cramming !!
only got to the the formulas in Q5 now..thankgod !!
well, haven't done them since the pres....0 -
galway.gaa wrote: »you cant say your not a little excited about the accounting test tomorow:D?
its gonna be fun. ive been waitin for it for 2 years
No.
Just scared...:(
In the 2007 cash budget question, can anyone please explain why there's no closing stock in the trading account part?
Please? 0 -
aine-maire wrote: »No.
Just scared...:(
In the 2007 cash budget question, can anyone please explain why there's no closing stock in the trading account part?
Please?
Hey....I'm not exactly sure, but in that particular type of cash budget (but not in the other type) they dont give you any indication of a closing stock, so you just don't put it in. I'm sure theres a reason, cant think of it right now, but you don't have to worry bout it! Only for that type of budget...:)0 -
-
Anne-Marie!! wrote: »Hey....I'm not exactly sure, but in that particular type of cash budget (but not in the other type) they dont give you any indication of a closing stock, so you just don't put it in. I'm sure theres a reason, cant think of it right now, but you don't have to worry bout it! Only for that type of budget...:)
Yeah,here's hoping that one doesn't come up
0 -
-
-
-
-
Advertisement
-
-
-
-
-
-
I thought the paper was ok, but time was a killer for me! Also no dividends due... anywhere
Q1: manufacturin: Didn't balance. I did the 2005 and 2001 questions yesterday which were pretty similar, so I don't think I did too badly in this
Q6 Published accounts: I got really screwed over time wise in this. This also didn't balance and I didn't get a chance to find mistakes.... Couldn't answer the theory bit about the directors report but I could do the "exception items" bit.
Q7 Incomplete records: WOO! I think this went grand (but it was extremely rushed because I'd spent too long on Q6). I'm not sure that I did the creditors account correctly..... At least I could do the theory bit for this q no bother
Q8 Job Costing: DAMN THE TIME BEAST! Lol I'd about 15 mins to attempt this.... I did part a in a really stupid way (like 3 seperate adjustments rather than in a spreadsheet thing) and only just got part b done when the script was removed forcefully from my claws... *sigh*
NO MORE ACCOUNTING! EVER!:D 0 -
That was THE ideal paper, but the questions were absolutely horrible.
Manufacturing...seemed to have a load of extra workings that shouldnt have been there, it didnt balance at first so i shoved the provision into expenses to make it work out...no idea if it belongs there or not
Incomplete - seemed like a q1 with all the extra stuff than normal.
Cash budget - all i can say is, WTF? :eek:
Ratios - grand, just had no time
For someone who spent the first 5 minutes practically celebrating about the questions on it, arghhh im really pissed off with it now...:(0 -
-
-
Advertisement
-
Anne-Marie!! wrote: »That was THE ideal paper, but the questions were absolutely horrible.
Manufacturing...seemed to have a load of extra workings that shouldnt have been there, it didnt balance at first so i shoved the provision into expenses to make it work out...no idea if it belongs there or not
Incomplete - seemed like a q1 with all the extra stuff than normal.
Cash budget - all i can say is, WTF? :eek:
Ratios - grand, just had no time
For someone who spent the first 5 minutes practically celebrating about the questions on it, arghhh im really pissed off with it now...:(
Normally you stick increase/decrease in provision into the P&L.... *facepalm* I can't believe I forgot that (obviously it increased if there was nothing there before)!!
Yeah I actually did a little victory dance when I saw the paper! Then I got stuck into it.... When I saw the cash budget had production budgets in it I ran into the arms of job costing 0
Advertisement