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HL Accounting....

  • 10-06-2009 3:13pm
    #1
    Closed Accounts Posts: 19


    Any tips on what to look over??

    I'm rubbish at it!
    But no way am I dropping to OL

    Help??


«134

Comments

  • Moderators, Music Moderators Posts: 8,490 Mod ✭✭✭✭Fluorescence


    Manufacturing a/c for Q1 (it comes up every 4 years)

    Possibly tabular statements, published accounts and ratio analysis for section 2 (If you know your ratios inside out and arsewards you can eliminate one of the other questions)

    Section 3 - you can't really leave anything out as they stick different bits of questions together here. So know the 3 types of budgets, production costing, absorption costing, all that jazz


  • Closed Accounts Posts: 19 happyhappyhappy


    I'm banking on manufacturing to come up


    Ugh yuck was hoping for easy ones in section 2 maybe an
    incomplete or a service!

    :(


  • Registered Users Posts: 412 ✭✭Fince


    Section 1
    depreciation
    tabular statements

    Section2
    incomplete records (balance sheet method)
    service firm
    ratios obviously but i don't like them

    Section 3
    Cash Budgeting

    I would be DEEEELIIIGHTED if these questions came up


  • Closed Accounts Posts: 80 ✭✭yummy91


    manufacturing

    ratios
    published
    incomplete
    service/club

    cash budgeting
    absorption costing


  • Closed Accounts Posts: 145 ✭✭galway.gaa


    i think it will be fairly predictable after last year (hopefully)

    manufacturing

    incomplete (BS)
    Published

    job costing

    Q 1 ive just prepared manufacturing and Q8 ia fairly handy just know the theory. For section 2 i have incomplete, published, service/club and tabs prepared just in case. if they repeat any of the qs from last year i am well and truely f**ked.


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  • Registered Users, Registered Users 2 Posts: 724 ✭✭✭Paddy001


    I'd be saying
    manufacturing

    (these are all possible for section 2)
    ratios
    published accounts
    incomplete type b
    service firm

    Cash budget or flexi is due but its too easy


  • Closed Accounts Posts: 5,109 ✭✭✭QueenOfLeon


    Manufacturing a/c for Q1 (it comes up every 4 years)

    Possibly tabular statements, published accounts and ratio analysis for section 2 (If you know your ratios inside out and arsewards you can eliminate one of the other questions)

    Section 3 - you can't really leave anything out as they stick different bits of questions together here. So know the 3 types of budgets, production costing, absorption costing, all that jazz

    Not necessarily, its been up in 01 and 05 but thats no real indication, they were expecting it last year apparently...:o

    For the Q1s, id definately know company accounts just in case...


  • Registered Users, Registered Users 2 Posts: 1,969 ✭✭✭antomorro-sei


    I'm just gonna study Manufacturing A/C's, Ratio's, Incomplete (BS Method) and some sort of Budgeting/Costing Question.

    And pray to God they come up :D


  • Closed Accounts Posts: 5,109 ✭✭✭QueenOfLeon


    I'm just gonna study Manufacturing A/C's, Ratio's, Incomplete (BS Method) and some sort of Budgeting/Costing Question.

    And pray to God they come up :D

    Thats my ideal paper :D Cmon flexible budgeting!


  • Registered Users, Registered Users 2 Posts: 1,969 ✭✭✭antomorro-sei


    Thats my ideal paper :D Cmon flexible budgeting!

    Too right :D

    Ehm, as I suck at the Manufacturing a/c's, is it true that if I make a mistake, and the rest of the a/c goes wrong but I do finish the a/c... Do I only get the one mark against me?


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  • Closed Accounts Posts: 435 ✭✭~Candy~


    dep /revaluation
    published a/c
    or farm a/c

    ratio
    incomplete records (backwards)

    tabular or services could come up as 60 or 100

    cash budget


    but like my teacher said they are trying to make accounting less predicable
    they changed it completely last yr..she told us not to take chances
    she thinks the paper we think is gonna come up is FAR TOO EASY

    she said there is nothing stop them from throwing control or suspense

    i am gonna be screwed if they do


  • Closed Accounts Posts: 435 ✭✭~Candy~


    Thats my ideal paper :D Cmon flexible budgeting!

    i know. flexible came up last yr in Q8 though


  • Closed Accounts Posts: 5,109 ✭✭✭QueenOfLeon


    Too right :D

    Ehm, as I suck at the Manufacturing a/c's, is it true that if I make a mistake, and the rest of the a/c goes wrong but I do finish the a/c... Do I only get the one mark against me?

    Ya, afaik, say you do a working for purchases, and the working is worth 6 marks. You lose some of those 6 marks (depending on how right the working is) when you put in the wrong figure into the manufacturing ac. Then even tho you end up with the wrong final figure you'll have got all the other possible marks for every other bit :D


  • Closed Accounts Posts: 5,109 ✭✭✭QueenOfLeon


    ~Candy~ wrote: »
    i know. flexible came up last yr in Q8 though

    Ya, they better not stick a costing q into q9, or im dead! :p


  • Closed Accounts Posts: 435 ✭✭~Candy~


    Ya, they better not stick a costing q into q9, or im dead! :p

    thats what i am worrying about too..

    i am good enough at the budgets..i don't know would they throw any costing with it..like am not preparing for the costing Q..:(

    but you see cash budget usually takes time..where as Q8 takes away less time ( i think) so i don't think they would do that..


    I dunno


  • Closed Accounts Posts: 19 happyhappyhappy


    Being honest
    I'm royally f*cked anyway

    Accounting is poo
    Too hard
    Can't do it!
    Haven't even glanced at theory :(


  • Registered Users Posts: 29 stylee


    What all theory are yous going to learn:O auditor and stuff? i havent a clue...im dreading acc so much.. im terrible at it


  • Closed Accounts Posts: 5,109 ✭✭✭QueenOfLeon


    stylee wrote: »
    What all theory are yous going to learn:O auditor and stuff? i havent a clue...im dreading acc so much.. im terrible at it

    Well for the qs im doing:
    Advice for someone with an incomplete record
    Reasons for using a budget/advantages
    Whats a cash budget/capital budget/master budget
    Accounting concepts

    There are more, ill post them here again, its been awhile since ive looked at accountancy stuff :o


  • Registered Users Posts: 417 ✭✭The Maverick


    Manufacturing,Service Firm,Incomplete Type B and Cash Budgeting would be my ideal paper.I should probably try and learn the formulas for the ratio question though.I really don't like that question but it is guranteed to come up.For theory,definitely learn the advice to give someone who doesn't prepare their accounts fully (that is,do your acounts properly ,you idiot) and the benefits of cash budgets.


  • Registered Users, Registered Users 2 Posts: 5,534 ✭✭✭Dman001


    Alot are saying Service AC but Club hasn't come up in a while.


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  • Registered Users Posts: 417 ✭✭The Maverick


    Dman001 wrote: »
    Alot are saying Service AC but Club hasn't come up in a while.

    There both fairly similar so that wouldn't be too much of a problem.I just hope manufacturing does come up,I cant do the other two types for the life of me.


  • Registered Users Posts: 29 stylee


    :) thanks, am soo scared about accountancy. really want a manufacturing acc to come up because i studied for that dont like published acc's because you have to learn the whole format and everything off:( god, im a disgrace. atleast we all have a bit of time left to study for it still, right?? :(:(:(
    Well for the qs im doing:
    Advice for someone with an incomplete record
    Reasons for using a budget/advantages
    Whats a cash budget/capital budget/master budget
    Accounting concepts

    There are more, ill post them here again, its been awhile since ive looked at accountancy stuff :o


  • Closed Accounts Posts: 884 ✭✭✭ya-ba-da-ba-doo


    Im hoping for..
    Not doin Q1
    Farm a/c
    Depr/rev a/c
    Tab statement
    Ratios
    Service
    Incomplete A or B
    Job costing.

    If that paper comes up i will be unbelievably happy!!


  • Closed Accounts Posts: 106 ✭✭JW91


    What are you all planning to do with your workings in accounting?

    are u going to do them all in the back of the booklet you are given or will you ask for a spare booklet to do them in?

    Personally I think I'll get the spare booklet as I find it a real pain to have to be flickin pages to find the workings. Much easier when they are just there beside you.


  • Registered Users Posts: 417 ✭✭The Maverick


    Always do my workings in the answer booklet I'm given before each question.I don't find flicking back to be annoying.For me,it would be worse to have several answer books on the go all over the desk.


  • Closed Accounts Posts: 884 ✭✭✭ya-ba-da-ba-doo


    Can you get an extra booklet? Oh meant to ask this too.. Do we get tab statement sheets? They take ages to do out.


  • Closed Accounts Posts: 5,109 ✭✭✭QueenOfLeon


    JW91 wrote: »
    What are you all planning to do with your workings in accounting?

    are u going to do them all in the back of the booklet you are given or will you ask for a spare booklet to do them in?

    Personally I think I'll get the spare booklet as I find it a real pain to have to be flickin pages to find the workings. Much easier when they are just there beside you.

    I havent really thought about it, did anyone have the proper LC booklets (or something like them) for the mocks? Our teacher got us the Junior Cert ones to use, so i dont even know how the booklets gunna be laid out...
    I was planning on just keeping them on the regular pages on the booklet, i always do all the workings first, so there wouldnt be too much flicking back, just to transfer the answer over..


  • Closed Accounts Posts: 106 ✭✭JW91


    Ya i suppose if I just do all the workings first then I won't have to do too much flicking back and forth.

    Another thing I wanted to ask: Is it ok to use initials instead of writing out the entire words?

    For example is it ok to write O.S. instead of Opening Stock? Or L+H instead of Light and Heat


  • Closed Accounts Posts: 160 ✭✭.:FuZion:.


    Dman001 wrote: »
    Alot are saying Service AC but Club hasn't come up in a while.

    Club came up last year Q.3....


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  • Closed Accounts Posts: 1 card


    can anyone plz help me with the very lst part of pr2007 q3 on revaluation reserve i checked examinations .ie but still cant get it:mad: i just cnt get the 06 entry:confused:


  • Closed Accounts Posts: 136 ✭✭alexcorb1991


    Job costing are by far the easiest/quickest q8.


    Manufacturing hopefully.

    Incomplete better come up or il cry(does studyin the non backwards prepare you for backwards)

    service/ tabular are a big chance 2


  • Registered Users Posts: 417 ✭✭The Maverick


    (does studyin the non backwards prepare you for backwards)

    There is a lot more workings in the non backwards version but I say it would help a bit.Just make sure you know about the little differences like how you find out Net Profit and Cost of Sales.


  • Registered Users, Registered Users 2 Posts: 5,534 ✭✭✭Dman001


    .:FuZion:. wrote: »
    Club came up last year Q.3....
    Oh yeah! But they haven't come up as a 100 mark in a while so this could be the year.


  • Closed Accounts Posts: 160 ✭✭.:FuZion:.


    Dman001 wrote: »
    Oh yeah! But they haven't come up as a 100 mark in a while so this could be the year.

    Yeah 2004 was the last time. But they would be seriously nasty to repeat a Club / Service ( even Farm ) question as they have always alternated. :rolleyes:


  • Moderators, Music Moderators Posts: 8,490 Mod ✭✭✭✭Fluorescence


    The SEC is determined to break patterns in all exam subjects so I wouldn't rely too heavily on predictions.... That said if Manufacturing accounts don't come up I WILL cry lol :o


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  • Closed Accounts Posts: 160 ✭✭.:FuZion:.


    The SEC is determined to break patterns in all exam subjects so I wouldn't rely too heavily on predictions.... That said if Manufacturing accounts don't come up I WILL cry lol :o

    Well that said, English Paper 2 ( The first one lol ) was predicted down to a T. So lets hope they aint changing anything this year. :P


  • Moderators, Music Moderators Posts: 8,490 Mod ✭✭✭✭Fluorescence


    Lol that's true. However in Accounting, the paper was always easily predictable until last year when the Chief Examiner went a bit mad and threw anything down onto the exam :P


  • Registered Users Posts: 99 ✭✭AJ6000


    The Cheif Examinor changed last year. It was the same guy for like 20 years or something and he retired last year and some new woman took over


  • Closed Accounts Posts: 145 ✭✭galway.gaa


    AJ6000 wrote: »
    The Cheif Examinor changed last year. It was the same guy for like 20 years or something and he retired last year and some new woman took over
    is it a different person making the paper this yeaer again? i think i remember hearing that or somebody sayin that
    anyone wanna clarify that


  • Posts: 0 ✭✭✭ [Deleted User]


    If there is, **** flaps/


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  • Registered Users, Registered Users 2 Posts: 2,698 ✭✭✭Risteard


    It could work out beneficial in that there'll be no ratios and increased choice in section 2. As a matter of curiosity, has everybody studied question 1? We never did it, based on the fact that it's very long and that it would be better if we learned every other type of question which would cover us for the first two sections. We never did costing either, apart from marginal costing which is piss easy so I hope that comes up on its own.


  • Closed Accounts Posts: 884 ✭✭✭ya-ba-da-ba-doo


    Doubt that lad retired, say e was sacked from the joke of a paper he did last year! Hopefully this lady will be nice in her first year. If not, accounting will definitely lose its popularity as a subject.


  • Closed Accounts Posts: 19 happyhappyhappy


    Accounting is popular???


  • Closed Accounts Posts: 145 ✭✭galway.gaa


    Accounting is popular???
    not really about 7000 people doin it


  • Closed Accounts Posts: 19 happyhappyhappy


    galway.gaa wrote: »
    not really about 7000 people doin it


    Thought that...horrible subject


  • Closed Accounts Posts: 884 ✭✭✭ya-ba-da-ba-doo


    Accounting is popular???

    Over 7000 people doin it.. But if it becomes known for bein a dodgey subject it wont be that high in a few years


  • Closed Accounts Posts: 145 ✭✭galway.gaa


    Thought that...horrible subject
    ya right. its a lovely subject if your into that kinda thing. id deffinatly recommend it. deffinatly no regrets pickin it


  • Closed Accounts Posts: 160 ✭✭.:FuZion:.


    Lol that's true. However in Accounting, the paper was always easily predictable until last year when the Chief Examiner went a bit mad and threw anything down onto the exam :P

    Lol yeah it was a horrible paper. :p But saying that, I have a little check list of what has come up over the years, and without knowing what was on 2008, I predicted most of the paper. Minus a few 60's instead of 100's and stuff like that. I better do the same again for monday. :p


  • Closed Accounts Posts: 136 ✭✭alexcorb1991


    hold on you mean ratios are not a dead cert this year!!!:eek::eek::eek::eek::eek::eek::eek::eek:


  • Closed Accounts Posts: 160 ✭✭.:FuZion:.


    hold on you mean ratios are not a dead cert this year!!!:eek::eek::eek::eek::eek::eek::eek::eek:

    Where did you get that from? :p But eh, nowhere in the syllabus does it say that Ratios are definatly coming up. They could mix it up this year. I hope they do because I hate them lol. But saying that, they will more than likely come up.


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