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HL Accounting

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  • 11-01-2014 12:09pm
    #1
    Cian92
    Registered Users Posts: 827 ✭✭✭


    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?


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    #2
    cathalio11
    Registered Users Posts: 1,608 ✭✭✭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.


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    #3
    Calvin
    Registered Users Posts: 6,222 ✭✭✭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?


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    #4
    EliteC
    Banned (with Prison Access) Posts: 49 ✭EliteC


    Correction of Errors
    Absorption Costing
    Sole Trader
    Interpretation


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    #5
    Bassfacewhy
    Registered Users Posts: 46 ✭Bassfacewhy


    what about published as 60 marker?


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    #6
    cathalio11
    Registered Users Posts: 1,608 ✭✭✭cathalio11


    Bassfacewhy wrote: »
    what about published as 60 marker?

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


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    #7
    Bassfacewhy
    Registered Users Posts: 46 ✭Bassfacewhy


    cathalio11 wrote: »
    Historically, there is a chance. Do prepare it. I'd put it at 30%.

    what would you put as 70% +?


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    #8
    cathalio11
    Registered Users Posts: 1,608 ✭✭✭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.)


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    #9
    Bassfacewhy
    Registered Users Posts: 46 ✭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..


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    #10
    AndreaEgan
    Registered Users Posts: 165 ✭✭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 :)


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