* Accounting (HL) Predictions / discussion / aftermath * (One thread please)

electrictrad

So. . .whats coming up, people. . .

My predictions are: Published, Tabular, Club, Control, Marginal Full Question, some kind of joint Budgeting (for the first time), Incompletes, and Interpretation. . .dont ask me about the Final Accounts, won't be doing them!. . .

PJelly

electrictrad wrote: »

So. . .whats coming up, people. . .

My predictions are: Published, Tabular, Club, Control, Marginal Full Question, some kind of joint Budgeting (for the first time), Incompletes, and Interpretation. . .dont ask me about the Final Accounts, won't be doing them!. . .

There was a joint budgeting in 2009 I think. Cash and production.
I'm hoping for an incomplete method A to go along with my interpretation. After that I'm grand.
Published comes up every second year, and it's due for us if you follow that pattern.

Duda17

Will company account definately come up this year?

amortentia

Duda17 wrote: »

Will company account definately come up this year?

No. It's just a prediction from the patterns so far. Could be any of them, but most likely a company then a manufacturing. Sole trader was up last year and manufacturing the year before.

resistantdoor

Can farm accounts come up in section 2? They never have before.

Steve!

resistantdoor wrote: »

Can farm accounts come up in section 2? They never have before.

Yup. I mean, the course has been on for so long they're gonna have to do something like that to keep us on our toes.

They're not that bad. Just really long.

electrictrad

resistantdoor wrote: »

Can farm accounts come up in section 2? They never have before.

Yes, its come up in pres as a 100 marker. . it'll have a balance sheet, and maybe a drawings account as well. . .

xclw

i'd love
q1 company
q6/7 incomplete/cash flows/ tabs
Q9 production budget

xclw

http://www.youtube.com/watch?v=8kR1srlRT7k

found this on youtube, its really good, shows ya how to do the questions

irishpatsfan

q1 company final
q5 interpretation share holder
q6 incomplete trading pl method
q7 cash flow
q8 marginal costing
q9 flexible/production

q9 i hope flexible but i rekon it will b production

nightdream

xclw wrote: »

http://www.youtube.com/watch?v=8kR1srlRT7k

found this on youtube, its really good, shows ya how to do the questions

My accounting teacher xD

If company, cash-flow statement, club and flexible come up....i think I will have no problem in doing the paper, if tabular and suspense comes up, end of the world for me.

resistantdoor

I just have a question if anyone could help.
For TP&L A/C's my teacher always told me to put discount allowed into selling and distribution. However, in the '08 marking scheme it says it goes into administration. Which is correct?

kev.f

resistantdoor wrote: »

I just have a question if anyone could help.
For TP&L A/C's my teacher always told me to put discount allowed into selling and distribution. However, in the '08 marking scheme it says it goes into administration. Which is correct?

i would always put it in selling and distribution as it realtes to the selling of the product.

Fireball07

kev.f wrote: »

i would always put it in selling and distribution as it realtes to the selling of the product.

Same.

cocopopsxx

Is the accounting exam supposed to be hard this year?
I know it's not really possible to confirm but quite a few people have been telling me so was wondering :P

plein de force

cocopopsxx wrote: »

Is the accounting exam supposed to be hard this year?
I know it's not really possible to confirm but quite a few people have been telling me so was wondering :P

the only person who knows that is the one who set the paper

xclw

i have a feeling they might do something like a departmental account in q1 so if you are doing q1 i'd go over that in case.
I really hope suspense doesn't come up!
which method for incomplete do ya think it'll be if it comes up?

plein de force

xclw wrote: »

i have a feeling they might do something like a departmental account in q1 so if you are doing q1 i'd go over that in case.
I really hope suspense doesn't come up!
which method for incomplete do ya think it'll be if it comes up?

There'd be absolute uproar if a departmental a/c came up i think, if they do put it up i hope it's easy enough or there's stuff in the other 3 Questions i could do

i think it'll be a cashbook method(more hope really i can do them quicker)

peckingduck

There can't be too much uproar about a departmental coming up, in fairness there's only 4 questions that can come up as Q1 and that's one of them!!

irishpatsfan

we didnt even do departmental accounts in our class! theres no way they could come up also they have never been on it before and company final is well due up! if departmental came up i would go insane!

peckingduck

irishpatsfan wrote: »

we didnt even do departmental accounts in our class! theres no way they could come up also they have never been on it before and company final is well due up! if departmental came up i would go insane!

With the fact departmental have never been on, they are also "well due up"!! You should have a quick look over them over the weekend just in case, otherwise you'll end up with the 60mark Qs...A few teachers I've heard say that departmental could be up with the changing of the questions in recent years. I also heard, interpretation is tipped to be taken off one year soon as it's not a compulsory element to the paper.

Now that, would cause uproar!

Yeah I doubt any of thats gonna happen.

Nice scaremongering though

peckingduck

AdamD wrote: »

Yeah I doubt any of thats gonna happen.

Nice scaremongering though

Been to two accounting revision courses both points above were stated at both. Also know quite a few acc teachers who have said the same...Personally, I wouldn't be surprised. They know everyone doesn't cover departmental, what better way to sieve out the better students?!

PJelly

peckingduck wrote: »

With the fact departmental have never been on, they are also "well due up"!! You should have a quick look over them over the weekend just in case, otherwise you'll end up with the 60mark Qs...A few teachers I've heard say that departmental could be up with the changing of the questions in recent years. I also heard, interpretation is tipped to be taken off one year soon as it's not a compulsory element to the paper.

Now that, would cause uproar!

WHAT
Our entire class would just walk out.

Ronan Keating

What the hell are departmental? Not my fault if i fuck up the exam so. We never did those things. Bit late to even start now.

peckingduck

PJelly wrote: »

WHAT
Our entire class would just walk out.

I can't see it happening myself, but that's what I've heard. It would mess up so many people.

Ronan Keating wrote: »

What the hell are departmental? Not my fault if i fuck up the exam so. We never did those things. Bit late to even start now.

Departmental are the fourth type final accounts that can be asked as part of Question 1. They are a type of account used by businesses split into various departments eg. hardware and grocery, to compare the profit/loss made by each and can be used to see if a particular department needs to be shut down.

Departmental accounts are too easy to be the difference between the best students tbh

Fireball07

A departmental could come up, doubt it though. We did one of them, and I remember them being pretty easy but I can't remember how to do them now.

Are you sure interpretation aren't compulsory? Not that it matters to me, I never do them anyway- it would give me extra choice on the paper.

PJelly

It's basically like doing two simple question 1's at the same time. It's easy enough, but would throw people off it they're not used to them.

I hope farm accounts don't come up. We did them in one double class, and I missed the first class. Have no idea what they're about!
I plan to have my Q1's all ready, all the possible Q6/7's except for cash flow. (Must work on published and learn the headings). And section 3 is always a piece of pish

norwegianwood

peckingduck wrote: »

With the fact departmental have never been on, they are also "well due up"!! You should have a quick look over them over the weekend just in case, otherwise you'll end up with the 60mark Qs...A few teachers I've heard say that departmental could be up with the changing of the questions in recent years. I also heard, interpretation is tipped to be taken off one year soon as it's not a compulsory element to the paper.

Now that, would cause uproar!

My teacher was told at a conference that if they were going to make a big change like that, they'd take it off the ordinary level paper first because not too many are doing that exam, so I wouldn't worry about that too much.

resistantdoor

Could someone post the criteria of a small medium and large company? 'Twould be very much appreciated

YodaBoy

resistantdoor wrote: »

I just have a question if anyone could help.
For TP&L A/C's my teacher always told me to put discount allowed into selling and distribution. However, in the '08 marking scheme it says it goes into administration. Which is correct?

marking schemes always says its in admin..maybe they accept either but even though it looks wrong, i put it in there anyway...better to stick with the markng schemes

YodaBoy

ok so, i never really studied any budgeting cos im doing Q8, but just in case that goes pear-shaped..any tips for Q9? I just want to study one type as a backup

YodaBoy

peckingduck wrote: »

Been to two accounting revision courses both points above were stated at both. Also know quite a few acc teachers who have said the same...Personally, I wouldn't be surprised. They know everyone doesn't cover departmental, what better way to sieve out the better students?!

a departmental wouldnt sieve out the best students..it would sieve out the few students who have even done them in class! that would just show up the teaching of the subject, not the strength of student!!!

kev.f

resistantdoor wrote: »

Could someone post the criteria of a small medium and large company? 'Twould be very much appreciated

small
balance sheet............less than €1.9mil
turnover...................less than €3.8 mil
avg no of employees...less than 50

medium
in between the two


large
Balance sheet............more than 7.6 mil
turnover...................more than 15.2 mil
avg no of employees...more than 250



a firm must meet two out of three of the criteria to be considered either small, meduim or large

hope that helps

luciemc

I am seriously struggling with accounting..

Anyone any tips for learning things off? like headings in cash flow or ratios formulas or anything???

or is the only way to keep practicing? it just doesnt seem to be going in and I have five exams next week

The_Don_21

I'm not doing Q1 so i don't know what'll come up for that
but for short Q's our teacher reckons:
Debtors Control(or Suspense)
Club
Tab

Long Questions:
Ratios
Published
Incomplete(control a/c method)

Budeting
Q8 Marginal Costing
Q9 Production Budget

accounting is actually pretty easy i think, the Q's never really have any surprises and can essentially just be learned off!! definitely looking for an A

resistantdoor

kev.f wrote: »

small
balance sheet............less than €1.9mil
turnover...................less than €3.8 mil
avg no of employees...less than 50

medium
in between the two


large
Balance sheet............more than 7.6 mil
turnover...................more than 15.2 mil
avg no of employees...more than 250



a firm must meet two out of three of the criteria to be considered either small, meduim or large

hope that helps

Legend. Thanks so much

kev.f

no bother atall. hoping published comes up

PJelly

About that discount allowed bit..
Our teacher always told us to throw it in the bottom, operating expenses/profit (if it's discount received).
I suppose once you have it in somewhere you get the marks. It's not as heading focused as a published!

Mental_Legend

Could anyone post a full list of topics that can come up in question 6 and 7 please?

luciemc

Mental_Legend wrote: »

Could anyone post a full list of topics that can come up in question 6 and 7 please?

(Interpretation)
Incomplete
Club
Service Firm
Farm
Published
Tabular
Cash Flow
Suspense

magicianz

kev.f wrote: »

small
balance sheet............less than €1.9mil
turnover...................less than €3.8 mil
avg no of employees...less than 50

medium
in between the two


large
Balance sheet............more than 7.6 mil
turnover...................more than 15.2 mil
avg no of employees...more than 250



a firm must meet two out of three of the criteria for two years in a row to be considered either small, meduim or large

hope that helps

Important part missed there

Edit: 1999 published accounts is where thats from

magicianz

The_Don_21 wrote: »

I'm not doing Q1 so i don't know what'll come up for that
but for short Q's our teacher reckons:
Debtors Control(or Suspense)
Club
Tab

Long Questions:
Ratios
Published
Incomplete(control a/c method)

Budeting
Q8 Marginal Costing
Q9 Production Budget

accounting is actually pretty easy i think, the Q's never really have any surprises and can essentially just be learned off!! definitely looking for an A

There can be surprises. Can you handle incomplete records through the ratios from Q5? 100 mark farm? Never think they wont surprise you, with the way the exams have gone this year and the accounting paper for the last few years, there will be some tricks =/

cocopopsxx

Hey, ok so I feel quite prepared, like I know Reval, Cash flows, Tabular, incomplete, ratios, published, club and management accounting stuff. But I'm still scared and wanna know what else should I revise? Service, farm, suspense and...?
Thanks.

irishpatsfan

any 1 got predictions ?

Sunny!!

irishpatsfan wrote: »

any 1 got predictions ?

60's
- Reval
- Pub
- Club

100's
- Ratios
- Tab
-Incomplete (A) cash book

80's
- Maginal and flexible
- production budget

Mental_Legend

Would it be safe to rule out Cash Budgets for question 9? They've come up 3 times in the last 4 years.

Also, I would predict a Company Final Account for question 1.

The_Don_21

Mental_Legend wrote: »

Would it be safe to rule out Cash Budgets for question 9? They've come up 3 times in the last 4 years.

I'd say a Production Budget is almost guaranteed for Q9

resistantdoor

The_Don_21 wrote: »

I'd say a Production Budget is almost guaranteed for Q9

I'd say flexible are most likely to come up since they haven't come up since '06. They're a bit too easy though so I'd say there's going to be some costing in with it.

kellogskelly

resistantdoor wrote: »

I just have a question if anyone could help.
For TP&L A/C's my teacher always told me to put discount allowed into selling and distribution. However, in the '08 marking scheme it says it goes into administration. Which is correct?

our teacher says that either could be right but selling and distribution is better!