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Business

  • 14-06-2005 4:20pm
    #1
    Closed Accounts Posts: 188 ✭✭


    Does anyone do business? Cos i was just wondering if theres any way i can get away with not studying trading, profit and loss accounts. I could never do them.


Comments

  • Registered Users, Registered Users 2 Posts: 5,851 ✭✭✭PurpleFistMixer


    The TPL account is allegedly always somewhere on paper 2.
    So... since you get a choice, you can pretty much not do it.

    I'd definitely do it though, since it's basically a guaranteed 40 marks if you know it.


  • Registered Users, Registered Users 2 Posts: 4,908 ✭✭✭Daysha


    The main things to know is banking, the consumer, insurance and the double entry system for the short questions.


  • Closed Accounts Posts: 188 ✭✭Strokesa


    The TPL account is allegedly always somewhere on paper 2.
    So... since you get a choice, you can pretty much not do it.

    I'd definitely do it though, since it's basically a guaranteed 40 marks if you know it.

    How can you remember all those things? Its like a big long list of words that make no sense. Am i missing out on a technique or something? I dont know anyone else who finds it this hard and im not completely stupid or anything...Or y'know maybe i am...


  • Registered Users, Registered Users 2 Posts: 5,851 ✭✭✭PurpleFistMixer


    It is a list of stuff, but it's just like the 9 point plan and everything, you just have to learn it off. Normally I hate learning things off like that, but I've been doing TPL accounts for the last 3 years, so it's reasonably ingrained into my mind at this point.


  • Registered Users, Registered Users 2 Posts: 1,958 ✭✭✭Fobia


    What's this "9 point plan" you speak off? Is someone trying to pull a Stalin again?


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  • Closed Accounts Posts: 191 ✭✭*MmmPie*


    Strokesa wrote:
    How can you remember all those things? Its like a big long list of words that make no sense. Am i missing out on a technique or something? I dont know anyone else who finds it this hard and im not completely stupid or anything...Or y'know maybe i am...
    There's a set way to do the question, once you learn how to do it, you're pretty much guaranteed 40 marks because it always comes up on Paper Two. The rules for Trading, Profit and Loss accounts were drummed into my head for the past 3 years! *begins to recite* Sales column 3, Minus Sales Returns Column 3, Net Sales Column 3, Less Cost of Sales, Opening stock....


  • Registered Users, Registered Users 2 Posts: 5,851 ✭✭✭PurpleFistMixer


    Well... Business has always had a strange resemblance to communism, in my mind......

    But 9 point plan.. you know, the layout for writing letters or reports?
    Actually, speaking of which, does anyone have the 9 point plan for report writing? I've got my sheet for letter writing but .. never got a report one.


  • Closed Accounts Posts: 20 X-Man


    Am I the only one who is ****ed in business????? :confused:


  • Registered Users, Registered Users 2 Posts: 1,958 ✭✭✭Fobia


    But 9 point plan.. you know, the layout for writing letters or reports?

    Never heard of it, I just write a letter or a report if asked to tbh :)


  • Closed Accounts Posts: 191 ✭✭*MmmPie*


    Well... Business has always had a strange resemblance to communism, in my mind......

    But 9 point plan.. you know, the layout for writing letters or reports?
    Actually, speaking of which, does anyone have the 9 point plan for report writing? I've got my sheet for letter writing but .. never got a report one.
    Do you mean the reports for business commenting on Liquidity/Profitabilty etc. of a firm?


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  • Registered Users, Registered Users 2 Posts: 5,851 ✭✭✭PurpleFistMixer


    *MmmPie* wrote:
    Do you mean the reports for business commenting on Liquidity/Profitabilty etc. of a firm?
    Well, yeah. You can also get asked reports for consumer and club accounts.

    So nobody knows the 9 point plan? o.o My god, my business teacher told us if we didn't know our 9 point plan we'd basically fail letter and report writing.

    Anyways, I'll just stick it up here in case anybody is curious.

    LETTER WRITING
    1 - Sender's Address and Telephone Number
    2 - Date the letter was written
    3 - Name and Address of Recipient
    4 - Salutation
    5 - Introduction (Ie why the letter was written)
    6 - Main Body of the letter.
    7 - Follow Up (what you'd like to happen as a result of the letter)
    8 - Close (yours sincerely/yours faithfully)
    9 - Signature of sender and title or position


  • Closed Accounts Posts: 188 ✭✭Strokesa


    Oh dear god im ****ed...


  • Closed Accounts Posts: 22,479 ✭✭✭✭philologos


    It is a list of stuff, but it's just like the 9 point plan and everything, you just have to learn it off. Normally I hate learning things off like that, but I've been doing TPL accounts for the last 3 years, so it's reasonably ingrained into my mind at this point.
    accounting has been drilled into me over the last few years but one of the most important rules tht will help you understand most accounts is
    Credit the Giver
    Debit the Reciever


  • Closed Accounts Posts: 191 ✭✭*MmmPie*


    Well, yeah. You can also get asked reports for consumer and club accounts.

    So nobody knows the 9 point plan? o.o My god, my business teacher told us if we didn't know our 9 point plan we'd basically fail letter and report writing.

    Anyways, I'll just stick it up here in case anybody is curious.

    LETTER WRITING
    1 - Sender's Address and Telephone Number
    2 - Date the letter was written
    3 - Name and Address of Recipient
    4 - Salutation
    5 - Introduction (Ie why the letter was written)
    6 - Main Body of the letter.
    7 - Follow Up (what you'd like to happen as a result of the letter)
    8 - Close (yours sincerely/yours faithfully)
    9 - Signature of sender and title or position

    Oh right yeah that report, sure its just common sense really.


  • Registered Users, Registered Users 2 Posts: 3,648 ✭✭✭knifey_spoonie


    Bollocks i did no accounting in my mocks and got 70 something so just dont do it


  • Registered Users, Registered Users 2 Posts: 1,584 ✭✭✭Diarmsquid


    Bollocks
    I didn't know you could say that! Bollocks. Bollocks.
    SO got anymore of those "nine point plans" or "credit the giver, debit the reciever"??

    They're good.


  • Registered Users, Registered Users 2 Posts: 5,851 ✭✭✭PurpleFistMixer


    For remembering how to sign off your letter - "Have faith in the people you don't know"


  • Registered Users, Registered Users 2 Posts: 4,908 ✭✭✭Daysha


    For the exam tomorrow, do we have to bring in our own record book sheets for final a/c questions, household budget?


  • Closed Accounts Posts: 191 ✭✭*MmmPie*


    No no, they give them to you.


  • Registered Users, Registered Users 2 Posts: 4,908 ✭✭✭Daysha


    good


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  • Registered Users, Registered Users 2 Posts: 1,958 ✭✭✭Fobia


    Tbh that 9 point plan is how I'd write a formal letter regardless....jobhunting teaches you that if nothing else :)


  • Registered Users, Registered Users 2 Posts: 5,851 ✭✭✭PurpleFistMixer


    Yeah, it's fairly common sense. I'll stick up the 9 point plan for report writing now...

    1 - Name and address of person writing the report. (address can go all on one line)
    2 - Title of report
    3 - Date
    4 - Name and address of recipient of report, of just the people it's directed to. (ie members of a club)
    5 - Introduction ("I was asked by you...")
    6 - Main body
    7 - Closing
    8 - Signature
    9 - Title of the person who wrote the report.


  • Closed Accounts Posts: 191 ✭✭*MmmPie*


    Just wondering, how many of you are planning on definitely doing Q1 on Paper 2, the Ledger Question?


  • Closed Accounts Posts: 2,767 ✭✭✭Hugh Hefner


    Business is an almost guaranteed A! It's so mindless. Can't wait for a day of easy exams.


  • Registered Users, Registered Users 2 Posts: 9,004 ✭✭✭Big Ears


    *MmmPie* wrote:
    Just wondering, how many of you are planning on definitely doing Q1 on Paper 2, the Ledger Question?


    Thats a **** of a question , wouldn't touch it with a 20 foot barge pole .
    Its just a matter of learning it off but theres so much to remember for it i'd be afraid i'd forget other stuff .


  • Registered Users, Registered Users 2 Posts: 5,851 ✭✭✭PurpleFistMixer


    *MmmPie* wrote:
    Just wondering, how many of you are planning on definitely doing Q1 on Paper 2, the Ledger Question?
    Not me. We haven't even done double entry bookkeeping.
    I did it in the mocks, though. Didn't do too horribly considering.

    It's sort of bad though, because double entry bookkeeping comes up in the short questions and I... don't know how to do it so well. I mean, I've got a vague grasp but I don't like knowing that there's a big chunk of the course I haven't even learned.


  • Registered Users, Registered Users 2 Posts: 18,962 ✭✭✭✭Mimikyu


    This post has been deleted.


  • Registered Users, Registered Users 2 Posts: 1,958 ✭✭✭Fobia


    Not me. We haven't even done double entry bookkeeping.
    I did it in the mocks, though. Didn't do too horribly considering.

    It's sort of bad though, because double entry bookkeeping comes up in the short questions and I... don't know how to do it so well. I mean, I've got a vague grasp but I don't like knowing that there's a big chunk of the course I haven't even learned.

    Don't worry about it, my class have done it hundreds of times and exactly half (our class was split into too halfs, a "geek" half and a like to have fun half, me being on the latter of course :) ) of us don't have the slightest clue how to do accounts. When the teacher would say "which side does it go on?" we'd have great fun guessing. I just avoided all of those questions in the mocks...


  • Closed Accounts Posts: 22,479 ✭✭✭✭philologos


    erm just remember this
    Credit Giver Debit Reciever and you can do double entry bookkeeping :p


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  • Registered Users, Registered Users 2 Posts: 5,851 ✭✭✭PurpleFistMixer


    Anybody know what the 'accumulated fund' is? I vaguely recall it has something to do with assets and liabilities but can't remember correctly...


  • Registered Users, Registered Users 2 Posts: 227 ✭✭jennyq


    Personally it's the theory questions I wouldn't touch with a bargepole. They're almost impossible to get full marks in, because you have to go into so much detail in your answers. Bookkeeping all the way! I'm definitely doing Accounting for the LC.

    Hoping the short qs won't be too hard :/


  • Registered Users, Registered Users 2 Posts: 2,264 ✭✭✭JBoyle4eva


    My teahcer pend the good last term going over bookkeeping and still don't know half of it. Definitely relying on Theory questions.


  • Registered Users, Registered Users 2 Posts: 1,584 ✭✭✭Diarmsquid


    So what you think of Paipear 1?

    Quite liked it myself.


  • Registered Users, Registered Users 2 Posts: 9,004 ✭✭✭Big Ears


    Diarmsquid wrote:
    So what you think of Paipear 1?

    Quite liked it myself.

    me too , a lot easier than I thought it would be . ****ed up the tradin profit and Loss and appropriaten account.......Balance sheet question though , I put things under wrong headings :( .

    I have a feeling that the number of people who have done well in this will be too many and quite a few people will get bumped down a grade .


  • Registered Users, Registered Users 2 Posts: 299 ✭✭Alqua


    I won't have to worry about being bumped down because it's doubtful I'll get up there. I think I did better in the mock...


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