Junior Cert 2011 : Business

liamtimdusty · 12-06-2011 07:14PM #1

All discussions to go here!

I would be grateful for any tips or predictions! Thanks in advance

ohdechertig · 12-06-2011 08:34PM

Section A....

liamtimdusty · 12-06-2011 11:37PM

Section A will be the worst of it! Got 20/70 in the pre! but still got 70% overall

scipsss · 13-06-2011 04:01PM

short qs are the worst :(i like questions with theory so will try avoid book keeping as much as possible

liamtimdusty · 13-06-2011 04:26PM

Hopefully i do well! If the questions go my way i find it easy! But some things i just cant do. 2 papers in the one day

Doublechinlolz · 13-06-2011 04:31PM

How come your original post was edited?

Seemed ok :L
Anyway i prefer the theroy (spelling? :L) questions and the black document q's (invoices delivery forms etc) so ill try avoiding book keeping too :L

liamtimdusty · 13-06-2011 04:42PM

Yeah i dont know ^^ hah Hopefully we get a rake of those things to fill out ! *Theory* Btw :L

mixery · 13-06-2011 04:45PM

I'm not looking forward to it as much as before the mocks. If the right questions come up I should get at least a B, but if something irregular comes "I'll be fooooked".

liamtimdusty · 13-06-2011 04:47PM

IF there was no choice of 6 i would be in the horrors. But i should get a high C atleast

Slow Show · 13-06-2011 04:51PM

As long as I manage to salvage most of the marks from Section A, I think I'll be OK. I love love LOVE accounts (ridiculous amounts, back when they were all we did in the middle of 2nd Year I used to be so happy going to Business) so there's 30%, plus the budget which is grand, another 10% and there's pretty much always an economics/national budget question which are grand, another 10% and I'll go over Business Documents tonight, 10%! Which is 60% out of 80% sorted (along with Section A) and I only need two more questions, and I like most of the course so *hopefully* everything will go well.

Desire. · 13-06-2011 05:02PM

Meh! I got 93% in the Pre, but that was easy!

The short questions are annoying. I can do all the accounting question. I just need to look over club accounts.

Paper One: Budgeting and club accounts are grand. I'll definitely be able to do one more question, hopefully two.

Paper Two: The two accounting questions and business documents are grand. I don't have a clue what else comes up here though.

Louise6 · 13-06-2011 05:29PM

Short questions are DEATH!! The long questions are fine, since you get a choice of 4.. I hate accounting though

YMAT64EVA · 13-06-2011 05:31PM

any predictions for paper 2 bar accounts and documents ?? :L

spurious · 13-06-2011 05:32PM

MarkD09 wrote: »

How come your original post was edited? Seemed ok :L
Anyway i prefer the theroy (spelling? :L) questions and the black document q's (invoices delivery forms etc) so ill try avoiding book keeping too :L

It was edited to spell Business correctly in the title.

You could have PMed me - no need to ask on thread.

maeveveam · 13-06-2011 05:33PM

Could someone give me the code for business on e-xamit.ie because the marking schemes on examinations.ie are shockin and i dont have the edco exam papers

thanks

Bruckey2345 · 13-06-2011 05:57PM

Would anybody be so kind to tell me all the current assets and current liabilities in the balance sheet? Thanks

milosh · 13-06-2011 06:43PM

Bruckey2345 wrote: »

Would anybody be so kind to tell me all the current assets and current liabilities in the balance sheet? Thanks

Current Assets
Closing stock
debtors
cash
bank
gains (receivables) due
expenses prepaid
carriage in prepaid
import duty prepaid

Current Liabilities
creditors
bank overdraft
dividends declared**
gains (receivables) prepaid
expenses due
carriage in due
import duty due

** only dividends declared goes in. Dividends paid does not.

Bruckey2345 · 13-06-2011 06:46PM

thanks a million:)

phenomenale · 13-06-2011 07:36PM

maeveveam wrote: »

Could someone give me the code for business on e-xamit.ie because the marking schemes on examinations.ie are shockin and i dont have the edco exam papers thanks

What question/paper do you want them for?

Is it worth my time to learn club accounts tonight or should I just leave it? How easy are they? :L

Mr. Rager · 13-06-2011 07:47PM

phenomenale wrote: »

What question/paper do you want them for?

Is it worth my time to learn club accounts tonight or should I just leave it? How easy are they? :L

Really easy if you know your trading profit and loss plus balance sheet questions

juniorcertlol · 13-06-2011 07:51PM

quick question, for club accounts, must you put in the cash you own at the start of the year into the receipts and payments account as balance b/d?

Desire. · 13-06-2011 07:52PM

phenomenale wrote: »

Is it worth my time to learn club accounts tonight or should I just leave it? How easy are they? :L

It's worth your time. It always comes up. Simple if you know how to do them.

Slow Show · 13-06-2011 07:56PM

milosh wrote: »

** only dividends declared goes in. Dividends paid does not.

Where do dividends paid go on the balance sheet?

flump_master · 13-06-2011 07:57PM

Nowhere on the balance sheet, they go in the appropraition account

Slow Show · 13-06-2011 07:59PM

Oh...so Dividends Paid would appear on the trial balance, not the adjustments then? Seeing as it only goes in once.

flump_master · 13-06-2011 08:05PM

Yep exactly, just watch out for dividends declared- theyre the tricky little liabilities

ohdechertig · 13-06-2011 08:06PM

Slow Show wrote: »

Oh...so Dividends Paid would appear on the trial balance, not the adjustments then? Seeing as it only goes in once.

Correct. Dividend declared however will go in the appropriation account, and the balance sheet as a Current Liability.

To calculate it, you multiply the issued share capital by whatever percent you're given in the question.

flump_master · 13-06-2011 08:09PM

ohdechertig wrote: »

Correct. Dividend declared however will go in the appropriation account, and the balance sheet as a Current Asset.

No theyd be a current liability- they still have to be paid to shareholders and hence are a liability

daveq101 · 13-06-2011 08:14PM

What do they mean by headings of a business plan and what are they?

Also what's the most likely short questions to come up?

Thanks and Good Luck to Everyone

ohdechertig · 13-06-2011 08:31PM

flump_master wrote: »

No theyd be a current liability- they still have to be paid to shareholders and hence are a liability

Yeah, I wasn't thinking, thanks!

scipsss · 13-06-2011 09:20PM

daveq101 wrote: »

What do they mean by headings of a business plan and what are they?

Also what's the most likely short questions to come up?

Thanks and Good Luck to Everyone

business plan headings: business background
product
market reasearch
cant think of any others :L finance ?
you should look through your exam papers for short qs

Junior Cert 2011 : Business

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