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*** 2013: Accounting Before/After ***
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07-06-2013 4:50pm#1
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Q1 Sole trader
Q6 Published
Q7 Incomplete Records
Q8 Marginal]
NEED THAT A1 AFTER TODAY
Similar to myself, I avoid costing like the plague though :P In reality it would be an A1 paper if those questions come up. Hoping the department are nice to us
What paper did you not like today? 0 -
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Maths was a disaster I think. Yeah I sense the theory and a bit of a mixture in section 3
I've heard a few people expecting a mixture in section 3, I will have a breakdown, cannot do costing at all!
I also haven't touched theory, like ever, thankfully I have a 5 day break before accounting 0 -
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AndreaEgan wrote: »If the answers that are due up this year come up I will feel confident about this one! Heres to hoping it's one of the nice papers
Q1: Sole Trader
Q6: Incomplete Records
Q7: Published
Q9: Production/Flexible Budgeting
Our teacher's been telling us Manufacturing is more likely to come up! I know its 50/50, but there's a seminar at Trinity every year and they cover what they think will come up (they must have inside info) last year they got everything right. Also, with the Production in Q9 they could ask a balance sheet with it (which has never been asked before) that's what these experts have said. I know they're not setting the paper but I'd look over a balance sheet with a production budget before heading in 0 -
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Dude Love 1 wrote: »Our teacher's been telling us Manufacturing is more likely to come up! I know its 50/50, but there's a seminar at Trinity every year and they cover what they think will come up (they must have inside info) last year they got everything right. Also, with the Production in Q9 they could ask a balance sheet with it (which has never been asked before) that's what these experts have said. I know they're not setting the paper but I'd look over a balance sheet with a production budget before heading in
Accounting isn't all that difficult to predict though tbh, I think inside info is a stretch. They definitely can do that with the balance sheet, I did a mock q with it, that said it makes a 30-minute question ridiculously long so I'd be surprised if it came up.
Anyway this is my next exam now. Kind of looking forward to it, I really really hope it goes well, it should I think as my accounts generally balance these days! Fecking theory though, ugh. Need to sit down and learn it.
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They'd probably omit the trading account if they were to add it in, considering there's barely any available sample production budgets with a balance sheet I highly doubt it myself! What's your predictions for section 2?Accounting isn't all that difficult to predict though tbh, I think inside info is a stretch. They definitely can do that with the balance sheet, I did a mock q with it, that said it makes a 30-minute question ridiculously long so I'd be surprised if it came up.
Oh and if any of you are getting accounting grinds, might be worth asking your teacher if they set the paper.. my grinds teacher for maths was part of the committee that set the maths papers and I hadn't a clue!! Actually come to think of it he probably wouldn't have told me anyway.. not sure if I should be glad he was my grinds teacher , considering the error they made on paper 2 haha 0 -
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AndreaEgan wrote: »I reckon I could handle the suspense if it came up However a balance sheet with a production budget? Wouldn't there be very little to put in?
In a sample question I have there's 2 items under fixed assets, 3 under current assets, 1 under current liabilities and 3 under financed by. It's not much 0 -
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Dude Love 1 wrote: »In a sample question I have there's 2 items under fixed assets, 3 under current assets, 1 under current liabilities and 3 under financed by. It's not much
Not too bad. You hardly know where I could get a look at a sample one online? Just so I have some idea of what I'm doing 0 -
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AndreaEgan wrote: »Not too bad. You hardly know where I could get a look at a sample one online? Just so I have some idea of what I'm doing
Sorry I don't, I only have one sample and that was a printed version we got at that seminar. It would be really unfair if it came up, considering how unavailable the material is for it, but you never know with those state examination commissioners..0 -
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AndreaEgan wrote: »I reckon I could handle the suspense if it came up However a balance sheet with a production budget? Wouldn't there be very little to put in?
I have a feeling a suspense is going to come up aswell, a depreciation and control in the 60m would just be beautiful! wouldn't mind a tabular statement but they take so long to draw out:/0 -
Dude Love 1 wrote: »Sorry I don't, I only have one sample and that was a printed version we got at that seminar. It would be really unfair if it came up, considering how unavailable the material is for it, but you never know with those state examination commissioners..
No worries! I'll try pull something together on the day if that happensI have a mock paper somewhere where it came up and the solution, I probably won't get a chance today but I'll PM it to anyone who's interested when I get a chance (not sure what the craic with copyright is so it might not be the best idea to put it up on thread).
I would be interested to see it if you have it Thanks! 0 -
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carlos123455 wrote: »What the **** is departamental :O
The 'alternative' to Sole trader, Company and manufacturing accounts as Q1s that 'is' on the course and could be asked any year but is neglected by many accounting teachers as it doesnt usually come up in the Q1 rotation.
First time for everything, Its gonna have to come up some year, is this the year 0 -
cool4cats17 wrote: »Word is that this is the year departmental is going to make an apperance :eek:
I think that was the word last year and every other year too.
Nothing exists to say it won't happen but it is extremely unlikely. :P 0 -
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carlos123455 wrote: »What the **** is departamental :O
That makes two of us...
Not sure there is anything the opposite to sole trader, but there are other forms of business such as partnership, charities and incorparation (forms of companies), but I've not heard of departmental accounting.
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That makes two of us...
Not sure there is anything the opposite to sole trader, but there are other forms of business such as partnership, charities and incorparation (forms of companies), but I've not heard of departmental accounting.
It generally appears on the OL but it is on our course too, just as Cool4Cats17 said teachers tend to neglect it because it has never appeared on the HL course before. Hoping it doesn't appear this year either, although I did have a dream a few nights ago about this paper and Departmental appeared, as I said, it was more like a nightmare! :P0 -
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That would be a horrible paper!cool4cats17 wrote: »Q1 Departmenetal
Q2,3,4 60 Markers - Published, Suspense, Farm
Q5 - Interpretation
Q6 - Club OR Service Firm
Q7 - Tab or Incomplete
Q8 - Difficult Costing/Budgeting similar to 2009
Q9 - Marginal
You heard it here first folks
Is ties a reason why wwt think these?
I think,
Club, depreciation, control.
Interpret, Published or suspence , incomplete.
Marginal
production0 -
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