Junior Cert 2011 : Business

liamtimdusty

All discussions to go here!

I would be grateful for any tips or predictions! Thanks in advance

ohdechertig

Section A....

liamtimdusty

Section A will be the worst of it! Got 20/70 in the pre! but still got 70% overall

scipsss

short qs are the worst :(i like questions with theory so will try avoid book keeping as much as possible

liamtimdusty

Hopefully i do well! If the questions go my way i find it easy! But some things i just cant do. 2 papers in the one day

Doublechinlolz

How come your original post was edited? Seemed ok :L
Anyway i prefer the theroy (spelling? :L) questions and the black document q's (invoices delivery forms etc) so ill try avoiding book keeping too :L

liamtimdusty

Yeah i dont know ^^ hah Hopefully we get a rake of those things to fill out ! *Theory* Btw :L

mixery

I'm not looking forward to it as much as before the mocks. If the right questions come up I should get at least a B, but if something irregular comes "I'll be fooooked".

liamtimdusty

IF there was no choice of 6 i would be in the horrors. But i should get a high C atleast

Slow Show

As long as I manage to salvage most of the marks from Section A, I think I'll be OK. I love love LOVE accounts (ridiculous amounts, back when they were all we did in the middle of 2nd Year I used to be so happy going to Business) so there's 30%, plus the budget which is grand, another 10% and there's pretty much always an economics/national budget question which are grand, another 10% and I'll go over Business Documents tonight, 10%! Which is 60% out of 80% sorted (along with Section A) and I only need two more questions, and I like most of the course so *hopefully* everything will go well.

Desire.

Meh! I got 93% in the Pre, but that was easy!

The short questions are annoying. I can do all the accounting question. I just need to look over club accounts.

Paper One: Budgeting and club accounts are grand. I'll definitely be able to do one more question, hopefully two.

Paper Two: The two accounting questions and business documents are grand. I don't have a clue what else comes up here though.

Louise6

Short questions are DEATH!! The long questions are fine, since you get a choice of 4.. I hate accounting though

YMAT64EVA

any predictions for paper 2 bar accounts and documents ?? :L

spurious

MarkD09 wrote: »

How come your original post was edited? Seemed ok :L
Anyway i prefer the theroy (spelling? :L) questions and the black document q's (invoices delivery forms etc) so ill try avoiding book keeping too :L

It was edited to spell Business correctly in the title.

You could have PMed me - no need to ask on thread.

maeveveam

Could someone give me the code for business on e-xamit.ie because the marking schemes on examinations.ie are shockin and i dont have the edco exam papers thanks

Bruckey2345

Would anybody be so kind to tell me all the current assets and current liabilities in the balance sheet? Thanks

milosh

Bruckey2345 wrote: »

Would anybody be so kind to tell me all the current assets and current liabilities in the balance sheet? Thanks

Current Assets
Closing stock
debtors
cash
bank
gains (receivables) due
expenses prepaid
carriage in prepaid
import duty prepaid

Current Liabilities
creditors
bank overdraft
dividends declared**
gains (receivables) prepaid
expenses due
carriage in due
import duty due

** only dividends declared goes in. Dividends paid does not.

Bruckey2345

thanks a million:)

phenomenale

maeveveam wrote: »

Could someone give me the code for business on e-xamit.ie because the marking schemes on examinations.ie are shockin and i dont have the edco exam papers thanks

What question/paper do you want them for?

Is it worth my time to learn club accounts tonight or should I just leave it? How easy are they? :L

Mr. Rager

phenomenale wrote: »

What question/paper do you want them for?

Is it worth my time to learn club accounts tonight or should I just leave it? How easy are they? :L

Really easy if you know your trading profit and loss plus balance sheet questions

juniorcertlol

quick question, for club accounts, must you put in the cash you own at the start of the year into the receipts and payments account as balance b/d?

Desire.

phenomenale wrote: »

Is it worth my time to learn club accounts tonight or should I just leave it? How easy are they? :L

It's worth your time. It always comes up. Simple if you know how to do them.

Slow Show

milosh wrote: »

** only dividends declared goes in. Dividends paid does not.

Where do dividends paid go on the balance sheet?

flump_master

Nowhere on the balance sheet, they go in the appropraition account

Slow Show

Oh...so Dividends Paid would appear on the trial balance, not the adjustments then? Seeing as it only goes in once.

flump_master

Yep exactly, just watch out for dividends declared- theyre the tricky little liabilities

ohdechertig

Slow Show wrote: »

Oh...so Dividends Paid would appear on the trial balance, not the adjustments then? Seeing as it only goes in once.

Correct. Dividend declared however will go in the appropriation account, and the balance sheet as a Current Liability.

To calculate it, you multiply the issued share capital by whatever percent you're given in the question.

flump_master

ohdechertig wrote: »

Correct. Dividend declared however will go in the appropriation account, and the balance sheet as a Current Asset.

No theyd be a current liability- they still have to be paid to shareholders and hence are a liability

daveq101

What do they mean by headings of a business plan and what are they?

Also what's the most likely short questions to come up?

Thanks and Good Luck to Everyone

ohdechertig

flump_master wrote: »

No theyd be a current liability- they still have to be paid to shareholders and hence are a liability

Yeah, I wasn't thinking, thanks!

scipsss

daveq101 wrote: »

What do they mean by headings of a business plan and what are they?

Also what's the most likely short questions to come up?

Thanks and Good Luck to Everyone

business plan headings: business background
product
market reasearch
cant think of any others :L finance ?
you should look through your exam papers for short qs

shadowninty

Still no study done

TheRedDevil10

me neither, i'm ****ed :pac:

P H A 7V T O M

TheRedDevil10 wrote: »

me neither, i'm ****ed :pac:

Gah. Good luck!

I wonder does 50% in the mock with no study= 50% at JC without study?

Theres only one way to find out: FIIIGHT!

Gaw_

Found that (paper 1) to be quite a good exam all in all, there were a few things I didn't get in the short questions (Q7 being particularly difficult) and some in the long questions (that whole PayPath thing on the Banking question - we never covered that, and I just bull****ted on about a guess, which as it turns out was completely wrong..)

It was pretty fair though, I even managed to do an extra question (I did all of them except Club Accounts, Q2).
Now it's whether the same can be said for paper 2..

TheRedDevil10

did half an hour of cramming this morning, and it ended up paying off
There wasn't anything too difficult on the paper, I did Q 1,2,3 and 6. Hoping for a borderline B, but really dreading paper 2 ;(

TehFionnster

What did everyone get for the balance of the budget question? :O

Was it 12183? :P

mixery

I thought it's french in the morning. At 09:50 my father rang and said I have 2 minutes to get ready. I came in 25 minutes late, and walked out a few minutes early. And still confident of at least a B, let's hope P2 will be the same..

P H A 7V T O M

TehFionnster wrote: »

What did everyone get for the balance of the budget question? :O

Was it 12183? :P

Yeah i think so. I got either that or 13 thousand and something.

shadowninty

TehFionnster wrote: »

What did everyone get for the balance of the budget question? :O

Was it 12183? :P

12683
Sorry mate

That was great
B with no study. Yay

paper 2 was very odd i think compared to other years and there was a 34 mark letter :eek:
didn't get my balance sheet to balance though. suppose i never got one to :rolleyes:

King John The Last

What was the end answer to the balance sheet?

TheRedDevil10

simple paper 2

cathalio11

TehFionnster wrote: »

What did everyone get for the balance of the budget question? :O

Was it 12183? :P

I got that!

Another 4 or 5 in my class got that too!

The rest got outlandish and different answers...

Slow Show

Business was wonderful. All my accounts balanced, I think I got the right figure for the budget, I was able to do all of the short questions, I left paper 1 forty-five minutes early and I left paper 2 forty minutes early after doing an extra question. I think I only lost about 10-15 marks in the whole exam. Pretty good after doing no study all year, but I have a brilliant teacher. Best exam so far.

shadowninty

They had already paid €500 for the holiday

Desire.

Wow, wow, wow! They were both simple. I definitely got an A in both papers!

The short questions were simple. I balanced my two accounting questions too!

Left with an hour to go in paper one: did questions one, two, three, and six.

Left with half an hour to go in paper two: did questions one, two, four, five.

Delighted! :pac:

Desire.

shadowninty wrote: »

They had already paid €500 for the holiday

Smart! I didn't cop that.

Slow Show

Lads I've heard varying vigures of 12183 and 12683, which is a five hundred difference. See, y'know for the holiday question, 500 had already been paid in Jan-March, and it said in the question that the balance of the 2200 had to be paid in June. Anyway, I said '1700' for that, but I actually have no idea whether that was right or not. I think I got 12183 for that so, going by that, but I can't really remember :L. What did everyone else do for that?

TehFionnster

Paper 2 was unreal.
I loved it :P

shadowninty

It said "holiday costs €2200, balance to be paid in [summer month]"