Advertisement
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Accounting Higher level exam

  • 19-06-2017 06:38PM
    #1
    Accounting Is BULL
    Closed Accounts Posts: 7 ✭


    What the hell was that !!! sole trader as a 60 mark and a load of other random crap that has never come up


Comments

  • #2
    Liordi
    Registered Users, Registered Users 2 Posts: 2,226 ✭✭✭Liordi


    Vat on Tabular was very strange. It was like that on a mock I did before.


  • #3
    Accounting Is BULL
    Closed Accounts Posts: 7 ✭Accounting Is BULL


    Liordi wrote: »
    Vat on Tabular was very strange. It was like that on a mock I did before.
    skipped tabular because of it at what is return on equity funds is that return on capital employed


  • #4
    Monaghan_98
    Registered Users, Registered Users 2 Posts: 26 ✭Monaghan_98


    Accounting Is BULL wrote: »
    skipped tabular because of it at what is return on equity funds is that return on capital employed

    I hope so because that's the calculation I did! My god I've never seen so many curveballs in a paper before...


  • #5
    Liordi
    Registered Users, Registered Users 2 Posts: 2,226 ✭✭✭Liordi


    Accounting Is BULL wrote: »
    skipped tabular because of it at what is return on equity funds is that return on capital employed

    (Net profit - preference dividend ) / capital employed I think. I didn't do the ratios question because I figured the most marks that I'd lose on tabular was 20 with the vat and I've never gotten above 30/50 in The B and C of ratios


  • #6
    Accounting Is BULL
    Closed Accounts Posts: 7 ✭Accounting Is BULL


    Liordi wrote: »
    (Net profit - preference dividend ) / capital employed
    how is that right? never seen it before


  • Advertisement
  • #7
    Liordi
    Registered Users, Registered Users 2 Posts: 2,226 ✭✭✭Liordi


    Accounting Is BULL wrote: »
    how is that right? never seen it before

    Formula I posted is return on shareholders equity. I've never seen them ask it before so don't know if they're the same thing.


  • #8
    Accounting Is BULL
    Closed Accounts Posts: 7 ✭Accounting Is BULL


    Liordi wrote: »
    Formula I posted is return on shareholders equity. I've never seen them ask it before so don't know if they're the same thing.
    but when have we ever had to use that


  • #9
    Monaghan_98
    Registered Users, Registered Users 2 Posts: 26 ✭Monaghan_98


    Anybody else get a net loss for the production budget?


  • #10
    Accounting Is BULL
    Closed Accounts Posts: 7 ✭Accounting Is BULL


    no profit im fairly sure


  • #11
    Liordi
    Registered Users, Registered Users 2 Posts: 2,226 ✭✭✭Liordi


    My profit was over 100,000 but I feel like the way I calculated closing stock was wrong.


  • Advertisement
  • #12
    Accounting Is BULL
    Closed Accounts Posts: 7 ✭Accounting Is BULL


    Accounting Is BULL wrote: »
    no profit im fairly sure

    i messed it up never mind
    Liordi wrote: »
    My profit was over 100,000 but I feel like the way I calculated closing stock was wrong.
    it shouldve been over 100000 just i messed it up a bit


  • #13
    Monaghan_98
    Registered Users, Registered Users 2 Posts: 26 ✭Monaghan_98


    There was such a wide array of answers for that question from people in my year, some people were coming out with huge net losses and huge profits! Ah well least it's done now


  • #14
    Telo123
    Registered Users, Registered Users 2 Posts: 134 ✭✭Telo123


    Would ye agree that the topics were nice but the workings were tough??


  • #15
    Liordi
    Registered Users, Registered Users 2 Posts: 2,226 ✭✭✭Liordi


    I'm happy that I do Q1 because that random Q4 seemed very out of place.


  • #16
    Accounting Is BULL
    Closed Accounts Posts: 7 ✭Accounting Is BULL


    Telo123 wrote: »
    Would ye agree that the topics were nice but the workings were tough??
    yeah WE never did Q1 though so had no choice on 60 and I didnt want to do cash flow but had to. Other questions were topics i wanted though in fairness


  • #17
    Telo123
    Registered Users, Registered Users 2 Posts: 134 ✭✭Telo123


    What grade are ye hoping for so after that lads?


  • #18
    Liordi
    Registered Users, Registered Users 2 Posts: 2,226 ✭✭✭Liordi


    Telo123 wrote: »
    What grade are ye hoping for so after that lads?

    I'd be very annoyed if I didn't get a H1. I'm pretty sure my service and Q1 balanced correctly and I got the majority of tabular / production right (I'm hoping)


  • #19
    Telo123
    Registered Users, Registered Users 2 Posts: 134 ✭✭Telo123


    Hopefully il scrape a H2 and id be happy out


Advertisement