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
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Interpretation of Accounts

  • 19-06-2010 10:29am
    #1
    MarkDurc
    Registered Users, Registered Users 2 Posts: 20 ✭


    Just wondering is there any foolproof way to do well in the theory of this question(where you are commenting on the performance of the company)? I know they can be very specific in marking them but if you write the right things i suppose you'll do well. I know the basic outline; profitability, liquidity, dividend policy, gearing, etc. I just need really specific info. What do they look for inside all of those headings?


Comments

  • #2
    JoeyBuddy
    Registered Users, Registered Users 2 Posts: 137 ✭✭JoeyBuddy


    I just kinda wing it.
    It is difficul to get full marks in it, but you could get most of them handy enough.

    Basicly go through the different headings and ive maybe 2 ratio comparisons in each.
    Comment on the trend, and say what it means. (Eg, Current ratio of 1.2:1 means the compan has 1.20Euro per every 1euro it owes.)

    I don' knowof any foolproof ways to get full marks, but just look at marking schemes from previous papers to get an idea of what's required.


  • #3
    EvilLlamaThingy
    Closed Accounts Posts: 72 ✭✭EvilLlamaThingy


    The only foolproof is to write absolutely everything under every heading. Even if there's no marks on the marking scheme for it, you won't be penalised as far as I know. The issue with that though, is time.

    And don't write paragraphs. Bullet point.


  • #4
    MarkDurc
    Registered Users, Registered Users 2 Posts: 20 ✭MarkDurc


    JoeyBuddy wrote: »
    I just kinda wing it.
    It is difficul to get full marks in it, but you could get most of them handy enough.

    Basicly go through the different headings and ive maybe 2 ratio comparisons in each.
    Comment on the trend, and say what it means. (Eg, Current ratio of 1.2:1 means the compan has 1.20Euro per every 1euro it owes.)

    I don' knowof any foolproof ways to get full marks, but just look at marking schemes from previous papers to get an idea of what's required.

    Ya thats what i usually do, get maybe 70 or 80 marks. But I kinda need an A in Accounting for points so cant really afford that.

    EvilLlamaThingy: Think i'm just gonna go for that, was planning that anyway, just write absolutely everything I can, I'm a fast enough writer. Thanks


  • #5
    Messi 10
    Closed Accounts Posts: 46 ✭Messi 10


    Also you know the figures that you are given from the previous year? Make sure you make reference to every one of those in your part B thing. And compare it to the corresponding figure for this year and they say what the debenture holders/bank/shareholders would think of it.

    Also it goes without saying that you should know all the ratio's for part a. Those are the handiest 40 or 50 marks on the exam.


Advertisement