HL Accounting

Cian92

It has been a few years since I've done the Leaving Cert. I was approached by a girl to give her a grind (her teacher is atrocious) in Accounting back in September, an hour and a half a week. So far I've gone through all the 60 markers and all the 100 markers except ratios (that's next week). I hope to have the course completed by Patricks day.

Anyway, I'm beginning to look at predictions for this year. I reckon Service will come up anyway and reval and cashflow. What's everyone else thinking?

cathalio11

I don't know who sets the papers but I'll give my opinion on your first question:

It would be a shame not to prepare Control Accounts going into the Leaving Cert. Almost certain to come up.
Service Firms may as a 60 mark or just continue the trend and come up as a 100 mark again. I'd say an 80% chance of coming up.
Revaluation is a very easy question that should be learned by heart going into it. I'd say if this doesn't come up, then Service Firms will be a 60 marker.

Suspense and Cash Flow are likely to come up. Definitely at least 1 of them will.

Calvin

My grinds teacher has told me that Suspense is definitely due up. I'm also having a guess at Marginal costing in question 8 and maybe sole trader as question 1?

EliteC

Correction of Errors
Absorption Costing
Sole Trader
Interpretation

Bassfacewhy

what about published as 60 marker?

cathalio11

Bassfacewhy wrote: »

what about published as 60 marker?

Historically, there is a chance. Do prepare it. I'd put it at 30%.

Bassfacewhy

cathalio11 wrote: »

Historically, there is a chance. Do prepare it. I'd put it at 30%.

what would you put as 70% +?

cathalio11

Bassfacewhy wrote: »

what would you put as 70% +?

Roughly speaking:

Control Account: 95%
Revaluation: 60%
Published Account: 30%
Service Firm (60 mark): 40%
Farm Account (60 mark): 40%

Everything else below these. (I've exluded Cash Flow and Suspense though. They may make the 60 mark.)

Bassfacewhy

cathalio11 wrote: »

Roughly speaking:

Control Account: 95%
Revaluation: 60%
Published Account: 30%
Service Firm (60 mark): 40%
Farm Account (60 mark): 40%

Everything else below these. (I've exluded Cash Flow and Suspense though. They may make the 60 mark.)

We havent done farm/service or revaluation!

All Im doing for mocks is ratios, published, cash flow, control, q8, suspense. As long as I pass I suppose..

AndreaEgan

The accounting paper for last June was very predictable and that is why they threw in the curveball with Q1 making it a mix of Sole Trader, Manufacturing and Company so I'd prepare for a change up somewhere.

These would be my main ones to look at,

Q1: Sole Trader
Q2, 3, 4: Control, Service, Cash Flow
Q5, 6, 7: Ratios, Suspense, Tab
Q8: Marginal & Absorption
Q9: Flexible/Production

And personally I'd learn either Q8 or Q9. I eliminated Q8 completely last year and focused all my time on all the Q9s