ACCOUNTING AFTERMATH

Cormac2791

I think it's safe to say I failed. We hadn't anything prepared for section c

shrimpsurs

yeh , was some dirty paper. I have no idea where they were going with sole trader.

karen-xxxxx

Beautiful paper Just part c of eight was a bit tricky

dacookie

Absolutely shocking paper.

Princess3

Well i definitely failed that one, was expecting a company account and a club account and then either marginal costing or flexible budgeting... Ah well, i'm finished now

ThePower180

Horrible!!

I couldn't even do Section C!... Definite fail!!

SantryRed

I loved that paper!

mark.oc

I was really happy with that. The costing was total piss. Glad to see suspense and service firm too.

unknown13

apparently there is major trouble with that paper. Loads of papers weren't printed properly.

Cormac2791

Please god they'll mark her easier

jreanor

Section 3 was an absolute disaster and I found out afterwards that the depreciation question was reducing balance not cost.

I was aiming for an A. But I'll be lucky if I get a C

The___________

mark.oc wrote: »

I was really happy with that. The costing was total piss. Glad to see suspense and service firm too.

What did you get for Q.8 (c)ii I got 9600 overabsorbed iirc

jfrmbray

That service firm was shocking,why would you put long depreciation in a ****ing service firm?Especially one that would be difficult on a Q1.And how the hell would you know if they should increase their client's fees?

Compton

BULL****

Cian92

Difficult does not describe that paper! Non of the prediction in section C came up! That service frim:mad: Why oh why, would their be that much adjustments on fixed assets???? I don't think it will have been the best answered paper by students...

Aisling x

that was not fun...

karen-xxxxx

I thought the service a/c was lovely :O

Eluminous

Was SO relieved when I saw i didn't have to do interpretation, though the service was a bitch.

Massive shock @ section 3. No marginal OR master budgets. Accounting had it's own boland.

hughdini

absorption 2 years in a row?

Eire-Dearg

It was alright.

Our accounting teacher, who is absolutely fantastic, and is over the attendants so is there every day and does the maths/accounting/business papers when they're on at the time.

She said it was a very hard paper, and very very long. Q1 was long, as was the service firm.

Section 3 Q8 was grand, once you know the basics it was fine.

Can't believe they repeated Cash Budgeting.

colddesert

awful! we had never done anything in section 3! 80 marks down the drain!
no chance at an A now so mad! :mad:

mark.oc

The___________ wrote: »

What did you get for Q.8 (c)ii I got 9600 overabsorbed iirc

I listed the absorption differences in terms of €/hr.

Also, EuropeanSon, when you get here and read this, will you post your answers? We need some right answers for reference.

Cian92

Eluminous wrote: »

Was SO relieved when I saw i didn't have to do interpretation, though the service was a bitch.

Massive shock @ section 3. No marginal OR master budgets. Accounting had it's own boland.

Worse than Boland, at least all the other predictions came up in English. However the Cash Budget was lovely!

Also in the 60markers the depreciation question, using the diminishing balance method?? Tis been awhile since that was up.

In susupense the 1st and 5th adjustments haven't been up for awhile either. I got them, but I think they were last on either early or mid nineties!

bleh!

They did it again with sole trader, what a heartbreaker :mad: Section 3 was a mess and the rest was fiiiiiineeeeeee:D

Gaga OhLaLa

mark.oc wrote: »

I listed the absorption differences in terms of €/hr.

So did I.... I didnt really know what i was meant to be doing with that part c though

I did like that paper..

qwertplaywert

Did anyone do the Pass?

Was disapointed no Cash Budgeting, always a handy 80 marks for knowing nothing, but as expected didn't come up!That said , thought it was a grand paper, hoping for a C/B!
One more exam left

mark.oc

Gaga OhLaLa wrote: »

So did I.... I didnt really know what i was meant to be doing with that part c though

I don't think you really needed to know what you were doing for that question. It was just a long question covering really basic stuff.

mark.oc

Eire-Dearg wrote: »

She said it was a very hard paper, and very very long. Q1 was long, as was the service firm.

Very very true. I ended up spending longer on the service firm than on Q.1.

its_phil

thought section 1 was easy,the service firm was a real kick in the stones took a lot of time off mw for suspense,and section 3 was a shock (felt very lucky that i did budgets last night)...i think that it balances just in favour as tough imo.

anyone else get 54253 for part 1 on credit ledger control and 4054 on part 2?

Xtina!!

Can they penalise you twice for a mistake in accounting??? For example, if you made a mistake in the vehicles account so your loss/profit on disposal, dep in PandL, and final figure and dep figure in BS were wrong, do they penalise you for each part??? So could I still get full marks in the BS etc...

Gaga OhLaLa

mark.oc wrote: »

It was just a long question covering really basic stuff.

Yeah that put me off at the start.. i was expecting something tricky

Stryderman

I thought it was a horrible paper:mad: way too long and I hadn't prepared section C at all, I was hopin to get an A but now i'd be delighted with a B.

what was the error on the paper? We wernt told about any

jfrmbray

WHY WOULD A NURSING HOME HAVE A SHOP

markanthonythom

what was the balancing figure for the sole traider nd the service firm?

kev9100

Absolute joke. Sole trader was difficult, service firms was tough too and my entire class had never been taught anything that came up in section C:mad::mad::mad::mad::mad:.

mark.oc

markanthonythom wrote: »

what was the balancing figure for the sole traider nd the service firm?

I got €1,086,980 and €919,180. Haven't a clue if they're right though.

colddesert

anyone get 1090180 for the balance in the sole trader

Ashashi

****e exam, awful, didn't even get the first part of section C done, but I got all the theory, and I did get my suspense to balance. I will be happy with a B after that bollocks exam.

8888

it was just a bit strange but i suppose every year they have new little things up? how many marks do you think was going for question8 part c? and yes service firm was sooo long, it meant i didn't really have alot of time to go back over my questions after, they kinda had a bit of everything thrown in there

markanthonythom

mark.oc wrote: »

I got €1,086,980 and €919,180. Haven't a clue if they're right though.

i got that same srvice figure but my sole traider is different (nd pronb wrong)... 1,091,080 euro

Ashashi

I hope the section C part 3 is worth a lot, because I actually knew it for once. Can someone explain what they did for the advertising adjustment for the Sole Trader, I think my method was off..... by a lot.

EuropeanSon

mark.oc wrote: »

I listed the absorption differences in terms of €/hr.

Also, EuropeanSon, when you get here and read this, will you post your answers? We need some right answers for reference.

Nice to be thought of. I thought that was a nasty bitch of a paper, the first accounting exam I ever needed full time on. No guarantees these were correct, but they did all balance, so hopefully...

Q1. Capital Employed 1089180
Q6. Capital Employed 919180
Q7. Capital Employed 831160
Q9. Net Profit 280820

clairebearxx

i got 1089180 for sole trader, 919180 for service and 831160 for suspense..does anything happen if you dont write the calculator down? think i forgot!

mark.oc

Ashashi wrote: »

I hope the section C part 3 is worth a lot, because I actually knew it for once. Can someone explain what they did for the advertising adjustment for the Sole Trader, I think my method was off..... by a lot.

For 2009 (ie. P&L): 2400 x 3/24 = 300.
Prepaid (ie. Balance sheet): 2400 x 21/24 = 2100.

As usual, caveat emptor.

EvilLlamaThingy

Section 1 was ok Section 2 was ok.

Sections 3 was horrible in every way. Where the hell was the marginal costing/flexible budgeting?!

Ashashi

mark.oc wrote: »

For 2009 (ie. P&L): 2400 x 3/24 = 300.
Prepaid (ie. Balance sheet): 2400 x 21/24 = 2100.

As usual, caveat emptor.

Yeah I did that wrong then. I divided 2400 by 3, and then multiplied it by 24.

@EuropeanSon, I got that balance for Suspense. Thank God.

EuropeanSon

clairebearxx wrote: »

i got 1089180 for sole trader, 919180 for service and 831160 for suspense..does anything happen if you dont write the calculator down? think i forgot!

Those all agree with mine. If you got the numbers right they won't mark you down.

Xtina!!

Xtina!! wrote: »

Can they penalise you twice for a mistake in accounting??? For example, if you made a mistake in the vehicles account so your loss/profit on disposal, dep in PandL, and final figure and dep figure in BS were wrong, do they penalise you for each part??? So could I still get full marks in the BS etc...

Anyone any idea???

The___________

Does anyone have an answer for 8(c)ii? Had to have a guess at the exact method of working it out but I think I had the right answer

EuropeanSon

Xtina!! wrote: »

Anyone any idea???

They can, but this won't be marked hard, so I doubt they will.

colddesert

1: 1090180
6: 919180
7: 831200

anyone get those