Business Studies Paper 2

Tommyrawr

PAPER 2 ~ 2 Hours
Starts @ 2.00pm - 4.00pm
6 Questions (40 Marks Each)
Do 4 Questions

Discuss this paper in here
Best Of Luck Everyone

Tommyrawr

My Predictions

Definatly Coming Up
Day books,Ledger and Trial Balance Aka Q1
Buisness Documents
Trading Account

Predictions
Buisness Finance and planning
Dilivery Systems

Maybe Buisness Insurance =S


Also The consumer =P

457babe

Yea I think Insurance and Dilevery systems

leekikwang

i;ll start looking over business at 7pm

paper1 7pm til 8:30
8:30 til 10 pm


business i think insurance is due to come up..

general ledger, trading accounts always come up

urm industrial relations perhaps..??

sorry im still not familiar with the business paper haha and the examsa 2mrw... :P

Tommyrawr

leekikwang wrote: »

i;ll start looking over business at 7pm

paper1 7pm til 8:30
8:30 til 10 pm


business i think insurance is due to come up..

general ledger, trading accounts always come up

urm industrial relations perhaps..??

sorry im still not familiar with the business paper haha and the examsa 2mrw... :P

Ya i forgot to write industrial relations down =] i think that might come up it only came up in 2008 and 2003 though =S

457babe

Does any know the difference betwen paper 1 and paper 2 in business ...
I know short questions Buh lyk with the longs?

Tommyrawr

There are usually 2-3 accounting questions in a paper and 2-3 theory Q's

Tommyrawr

im nervous xD dont know what to expect buissness is trickeyy!:p

457babe

457babe wrote: »

Does any know the difference betwen paper 1 and paper 2 in business ...
I know short questions Buh lyk with the longs?

If you have Edco exam papers it categorises the papers into sections to come up on each paper. Such as farm accounts will not come up on paper 2, only paper 1

Tommyrawr

Anyone ready for this im fecked for the day books!

suitcasepink

The day books will either go really right or really wrong for me...

Namabillion

That was a lot easier than paper 1. I was done at 3:15.

kevin12345

Anyone else notice the mistake in question 6?? Huge mistake by the SEC , VP rang the dept. And they said anyone who did the question WILL be compensated

fiestapower

Namabillion wrote: »

That was a lot easier than paper 1. I was done at 3:15.

yeah i corrected it though and got the right answer i think

suitcasepink

*Looks proud* I was the one who told the supervisior about it and he had to tell the others... I just changed the figures around though so that mine worked out anyway so 40marks for me \o/

That paper was perfect, Im just crap at Business, the first paper was nice iswell. Really cant complain.

Tommyrawr

what was the mistake in Q6?

suitcasepink

Ermm trying to think how to explain it.. In the cash flow account the numbers that were printed in, the total for April I think was wrong, so the net cash was wrong iswell..

Colm!

Good paper! Except for the Cash Flow forecast. And I might have lost a few marks on TP&L. Can't really compare it to P1 though. P1 was waaay easier.

iAmStacysMom

I've always been crap at doing balance sheeys, and for the first time ever, it balanced for me

Yeah, that was a really big mistake on behalf of the SEC, I didn't cop it until I spent about 40 minutes on the question >:[

Overall though, I think it went really well, aside from my massive hayfever attack halfway through

knockane_ali09

for the final accounts did anyone get a balancing figure of 633600
and for the business docunments did anyone get for the statement of account the end of it 3290 ?

kevin12345

kevin12345 wrote: »

Anyone else notice the mistake in question 6?? Huge mistake by the SEC , VP rang the dept. And they said anyone who did the question WILL be compensated

That's good, I noticed it yet my Superintendent didn't do anything. Just said to write it beside the Q. Good to know we will be compensated, no need for my safety question then :rolleyes:

Loved paper 2, and paper 1, hopefully I kept my A from the mocks

Tommyrawr

knockane_ali09 wrote: »

for the final accounts did anyone get a balancing figure of 633600
and for the business docunments did anyone get for the statement of account the end of it 3290 ?

yupp high 5!:D

padocon

I noticed the mistake. How could you not. I presume anyone who attempted it will be awarded full marks?

Jackobyte

Did the Ledger question(balanced to €362490), the documents question(I got €3290 for the statement), the trading profit and loss appropriation a/c (balanced to €633600) and the delivery systems question(I got €329 for total cost per day).

Spattersonox

deise_girl wrote: »

*Looks proud* I was the one who told the supervisior about it and he had to tell the others... I just changed the figures around though so that mine worked out anyway so 40marks for me \o/

That paper was perfect, Im just crap at Business, the first paper was nice iswell. Really cant complain.

I was the one who noticed too.. although we were told to continue with the figures we had as they could no penalise us for their stupid mistake ) Paper two was lovely.. paper one was a bit **** tho

lissacahaluke

I did 2, 3, 4 and 5...got away with doing accounts.
And ya i got a really bad 1 'hayfever attack' on fri in maths.:(

tiernanmul_gos

for the total cost of transport in delivery systems was it ur first 3 answers and toll charges added together?

Smiley Laura

knockane_ali09 wrote: »

for the final accounts did anyone get a balancing figure of 633600
and for the business docunments did anyone get for the statement of account the end of it 3290 ?

Yesyesyes! I did! Phew, theres 35 marks in the bag.
I think I got 3290 too, but I didn't write it down.

Though unfortunetly, I didn't notice the mistake in Q6, but I did an extra question, so I should be ok.
Yaaaaaay!:D

Smiley Laura

tiernanmul_gos wrote: »

for the total cost of transport in delivery systems was it ur first 3 answers and toll charges added together?

Yep, giving you €329.

Jackobyte

kevin12345 wrote: »

Anyone else notice the mistake in question 6?? Huge mistake by the SEC , VP rang the dept. And they said anyone who did the question WILL be compensated

fiestapower wrote: »

yeah i corrected it though and got the right answer i think

padocon wrote: »

I noticed the mistake. How could you not. I presume anyone who attempted it will be awarded full marks?

I started doing the question as an extra one but stopped halfway to check over my other 4 answers! Full marks? I made an attempt! :P

philip___

so i noticed the mistake, and changed it, will they deduct marks because i changed it? and how would they compensate the people who didn't notice it? i mean like if it's wrong it wrong. i got the same answers to balance sheet and delivery as ye the short questions were a load of b**ls don't ya think? any predictions for history tomorow..like people in history?

Jackobyte

That was a truly awful mistake, just looking at it now.

69000 there instead of 39500?

knockane_ali09

padocon wrote: »

I noticed the mistake. How could you not. I presume anyone who attempted it will be awarded full marks?

i did that q and noticed the mistake and my supervisor told us just to change it and leave a note beside it saying that there was a mistake and the corrector should understand

Smiley Laura

padocon wrote: »

I noticed the mistake. How could you not. I presume anyone who attempted it will be awarded full marks?

Full marks? But that means its a much easier marking scheme then if you didn;t attempt it...
Like I did it and all (didn't notice the mistake!:P) but I doubt that we'll all get full marks.

Smiley Laura

Jackobyte wrote: »

That was a truly awful mistake, just looking at it now.

69000 there instead of 39500?

That's the one. I didn't notice it!!! I'm real worried now, I desperately wanted an A!?! Will I still get all the marks if I didn't notice it, but still did it right?:(:confused:

Parawhore.xD

iAmStacysMom wrote: »

Overall though, I think it went really well, aside from my massive hayfever attack halfway through

Same ><
Thankfull I was finished but I had to leave before I was finished checking because I felt so crap and had no meds in with me!

Our invigilators wouldn't do anything about the messe up q6! It was so stupid1 i saw it in the first 5minutes of the exam because it was the first question I did but i know people who spent half an hour or more trying to figure out where they went wrong!
How can they tell s to check OUR work when they don't check theirs properly...

aphroditelass

Was afraid to change figures so it didnt work out. i would have got it perfect otherwise. hope they do compensate us

Smiley Laura

Smiley Laura wrote: »

That's the one. I didn't notice it!!! I'm real worried now, I desperately wanted an A!?! Will I still get all the marks if I didn't notice it, but still did it right?:(:confused:

Relax In business you need 340 marks to get an A, you could have left a whole long question out and still got it. This small mistake shall be fine

Vivara

I spotted the error first in our group of centres and told the Superintendent. She asked our Exam Secretary who contacted the SEC.

They first said to change it to 39,500, but then came back saying to leave it the way it is if you hadn't done it. They also had not figured out what they had done with the addresses in the document question either and we're attempting to sort it. (Stupid plonkers.)

The problem with changing it was that it affected the figures below it as well. The impression I got from my Superintendent was that if you changed it or left it, regardless of whether it worked out, once you had the correct 'method', you would get full marks. (Score!)

But it's ridiculous that not only did they get the date wrong on the FRONT of one of the papers, they also got a date wrong in Paper II, Question Four as well as wrong figures galore in the Cashflow forecast. On TOP of that, they mixed up the addresses in the Documents question.

They expect us to be able to balance this and get that and they can't even do an exam paper? Ridiculous.

Ed.

Smiley Laura

Vivara wrote: »

I spotted the error first in our group of centres and told the Superintendent. She asked our Exam Secretary who contacted the SEC.

They first said to change it to 39,500, but then came back saying to leave it the way it is if you hadn't done it. They also had not figured out what they had done with the addresses in the document question either and we're attempting to sort it. (Stupid plonkers.)

The problem with changing it was that it affected the figures below it as well. The impression I got from my Superintendent was that if you changed it or left it, regardless of whether it worked out, once you had the correct 'method', you would get full marks. (Score!)

But it's ridiculous that not only did they get the date wrong on the FRONT of one of the papers, they also got a date wrong in Paper II, Question Four as well as wrong figures galore in the Cashflow forecast. On TOP of that, they mixed up the addresses in the Documents question.

They expect us to be able to balance this and get that and they can't even do an exam paper? Ridiculous.

Ed.

Yea, I thought there was a mix up in the document questions with the address also. What exactly was the mistake, can you remember?:o

schtroumpf94

Vivara wrote: »

I spotted the error first in our group of centres and told the Superintendent. She asked our Exam Secretary who contacted the SEC.

They first said to change it to 39,500, but then came back saying to leave it the way it is if you hadn't done it. They also had not figured out what they had done with the addresses in the document question either and we're attempting to sort it. (Stupid plonkers.)

The problem with changing it was that it affected the figures below it as well. The impression I got from my Superintendent was that if you changed it or left it, regardless of whether it worked out, once you had the correct 'method', you would get full marks. (Score!)

But it's ridiculous that not only did they get the date wrong on the FRONT of one of the papers, they also got a date wrong in Paper II, Question Four as well as wrong figures galore in the Cashflow forecast. On TOP of that, they mixed up the addresses in the Documents question.

They expect us to be able to balance this and get that and they can't even do an exam paper? Ridiculous.

Ed.

The invigilators at my school said they weren't allowed to advise us on how to do the question, but either way the marking scheme would be adjusted...I wrote a note on it, circling the TWO separately wrong figures (first the 69000, then (29500)....sorry in what universe is 40000-69000 (29500)??? probs the same universe where they don't realise that one column should effectively be a carbon copy of the other, til the opening/closing cash parts...) and was like 'Sorry, this should balance but doesn't because of a printed error'. I used the figure from the totals column for the C part, because that one should have been correct at least :L

Anyway, I thought the SAQs were a little tough, but you only need 68/80 for 85% anyway...I did the Inflation question but probs got around 32 for it...paper one didn't go as well as it should have for me...Paper two was fantastic though! my Q1 (books of first entry) balanced fully, as did Q4 (final accounts), the delivery systems q was piss and Q6 will be marked easily now ^_^ I was hovering around the high B/low A mark for Paper One, but I really think Paper Two will have brought me up now...as it did in the Mock

Smiley Laura

Smiley Laura wrote: »

Yea, I thought there was a mix up in the document questions with the address also. What exactly was the mistake, can you remember?:o

As far as I remember, the business was sending the receipt or statement to their own address, not their creditor's

fiestapower

i changed it and then did it but i didnt leave a note to the examiner
will i be ok

schtroumpf94

fiestapower wrote: »

i changed it and then did it but i didnt leave a note to the examiner
will i be ok

yeah cos the marking scheme will have been adjusted

457babe

Deleted User wrote: »

As far as I remember, the business was sending the receipt or statement to their own address, not their creditor's

OMg i got so confused with that buh jus thought i was being stupid and stressed

Vivara

Smiley Laura wrote: »

Yea, I thought there was a mix up in the document questions with the address also. What exactly was the mistake, can you remember?:o

Deleted User wrote: »

As far as I remember, the business was sending the receipt or statement to their own address, not their creditor's

Yes, as far as I can remember, KEOGH Ltd. were supposed to be sending the statement to the address given for HOGAN Ltd., but that same address was already listed on the statement as the address it was to be sent from. Something like that anyway.

schtroumpf94 wrote: »

The invigilators at my school said they weren't allowed to advise us on how to do the question, but either way the marking scheme would be adjusted...

As I said, my Superintendant only took note of it but DID NOT comment either. She instead reported it to the Exam Secretary who contacted the SEC. The SEC then provided changes, and then changes to the changes. God help us.

fiestapower wrote: »

i changed it and then did it but i didnt leave a note to the examiner
will i be ok

I was told there would be accommodations made for everyone once you had the correct method.

Ed.

knockane_ali09

i'm totally lost now
what address were you soposed to write on the line for the reciept was it the address for hogan or keogh ?

Closed ac

I did five questions but messed up two of them kinda, the statement & balance sheet.

Still hoping for an A overall though.

padocon

Yes I am hoping to get a B at least!

Vivara

knockane_ali09 wrote: »

i'm totally lost now
what address were you soposed to write on the line for the reciept was it the address for hogan or keogh ?

Relax! They only gave you one address. So unless you concocted another one, you should be fine.

(If you did the above, then what I say next doesn't pose any problems... they had already put this address above the space where you were supposed to put the address as if this was where it was coming from. So essentially, you would have the same to and from addresses.)

Ed.

Glee_GG

though paper 2 was simple just for the mess-up by the SEC it would have been perfect but sure how bad!