!! Accounting HL 2016 - discussion & aftermath

legocrazy505

Ufc2016 wrote: »

Should I be safe with knowing the following for q6/7:
Club Accounts
Service Firm's
Tabular
Published
?

Could throw in a suspense into that list but yeah you should be. If you are doing Q5 then you'd only need one other question which makes life easier.

Ufc2016

juniorcert wrote: »

Pretty safe I reckon but you should probably have a quick look over incomplete records, in particular type b as they've been tipped to come up this year as well

Okay thanks, im thinking I can ignore farm accounts as well, what do you think?

Ufc2016

legocrazy505 wrote: »

Could throw in a suspense into that list but yeah you should be. If you are doing Q5 then you'd only need one other question which makes life easier.

Yeah I'm doing q5 and one other! Hoping incomplete, farm and suspense don't come up

legocrazy505

Ufc2016 wrote: »

Yeah I'm doing q5 and one other! Hoping incomplete, farm and suspense don't come up

I'm hoping incomplete doesn't come up because it will probably be forward if it does. Hoping on revaluation and a club/service for 60 marks. Q5 and published then for 100 marks. I'll be happy with whatever for Q9 then.

Quicklearner97

I'm really unsure of incomplete records and tabs, they were both there last year and I'm really hoping they won't be there this year!

LordHypnos

Quicklearner97 wrote: »

I'm really unsure of incomplete records and tabs, they were both there last year and I'm really hoping they won't be there this year!

I'm predicting Tabular and Published

Boaty

I see that you can get ruled paper in the exam, is it any good for tabs?

And are people using pen or pencil?

LordHypnos

tough paper, definitely won't get that A1.. knew I should have revised Q9, that question looked piss!

LordHypnos

that Q8 was ridiculous if I'm honest

koolis02

What was that suspense holy crap

cuprugby333

Wasn't too bad manufacturing and published both balanced may have balanced incorrectly but I don't think so.
In the Ratio question it was improving greatly wasn't it?
Maybe part d of my q9 could be off a bit if you have to put loan repayments in it, but I don't think so.
A lot of people in my class were complaining about suspense. Glad I got to avoid it

TheWexfordWolf

That ****ing suspense account was the worst

juniorcert

That was an intense 3 hours, did anyone actually get it finished? So many of the questions were so long winded with the added theory, had to rush through the published question and abandon the balance sheet half way through to scribble down the notes, could have really done with another half an hour. Was hoping for an A2 but with not getting it finished and some dodgy parts (what we're you supposed to do with the bar debt in the club account?) I reckon I'd be lucky to get a B1

Appmaths97

i had to learn suspense on my own because my teacher didnt bother going through it. Im glad that i did but it was so much harder than normal.

Did anyone else get reoccuring decimals for the absortions for q 8 ?

cuprugby333

juniorcert wrote: »

That was an intense 3 hours, did anyone actually get it finished? So many of the questions were so long winded with the added theory, had to rush through the published question and abandon the balance sheet half way through to scribble down the notes, could have really done with another half an hour. Was hoping for an A2 but with not getting it finished and some dodgy parts (what we're you supposed to do with the bar debt in the club account?) I reckon I'd be lucky to get a B1

Add to bar receipts and put in balance sheet

juniorcert

cuprugby333 wrote: »

Add to bar receipts and put in balance sheet

Damn I only wrote it off as a bad debt as an expense in the p+l

medhopeful16

Appmaths97 wrote: »

i had to learn suspense on my own because my teacher didnt bother going through it. Im glad that i did but it was so much harder than normal.

Did anyone else get reoccuring decimals for the absortions for q 8 ?

I got somethong like 19.08 and 6.03

randomlad727

juniorcert wrote: »

That was an intense 3 hours, did anyone actually get it finished? So many of the questions were so long winded with the added theory, had to rush through the published question and abandon the balance sheet half way through to scribble down the notes, could have really done with another half an hour. Was hoping for an A2 but with not getting it finished and some dodgy parts (what we're you supposed to do with the bar debt in the club account?) I reckon I'd be lucky to get a B1

I deducted the 80 from bar debtors at the end of the year as it was a bad debt thus is no longer due, and then I put bad debt as an expense in the p and l

legocrazy505

Hated the paper. Despised it. Some ok and standard Qs in there but ran out of time. Really not overly pleased all the time spent on revaluation didn't pay off. Probably the hardest paper I've done so far.

medhopeful16

I thought that there was nothing unexpected in terms of accounts but what was in the accounts was very complicated. The debtors control and the suspense I thought had parts in them that were very strange and I couldn't figure out what to do with them. The questions seemed extra long and the theory tacked on at the end definitely didn't help

cuprugby333

juniorcert wrote: »

Damn I only wrote it off as a bad debt as an expense in the p+l

Oh wait I read that as bar debtor. I did q1 sorry I'm not sure what you have to do

juniorcert

randomlad727 wrote: »

I deducted the 80 from bar debtors at the end of the year as it was a bad debt thus is no longer due, and then I put bad debt as an expense in the p and l

Ah that makes sense, at least I had half of it anyway, don't suppose you were getting decimals with the loan?

randomlad727

juniorcert wrote: »

Ah that makes sense, at least I had half of it anyway, don't suppose you were getting decimals with the loan?

Am no I think I got 30,000 for the loan and 3000 interest

juniorcert

randomlad727 wrote: »

Am no I think I got 30,000 for the loan and 3000 interest

Ya I thought I messed that up, think I should start hoping for a B3 at this stage

koolis02

for anyone who did published what did you put for the dividends heading in the notes?

InTheNight

koolis02 wrote: »

for anyone who did published what did you put for the dividends heading in the notes?

Ordinary
Paid Xc per share

Preference
Paid 8c per share

medhopeful16

InTheNight wrote: »

Ordinary
Paid Xc per share

Preference
Paid 8c per share

Ordinary 6.9c I think I put

pleindespoir

My accounting paper was the messiest paper I have ever submitted. I feel bad for the one who would check it.

InTheNight

medhopeful16 wrote: »

Ordinary 6.9c I think I put

I think that's what I put too!