what do you think will be on this exam seeing as its the last year of new design

[yesyes123]

what you thinking? anything new? those annoying theory questions

[Shiverz360noscopez]

I hear there could be a 10 mark stock card.

[nacho]

stock cards are like free marks

[xXjAmEZXx]

question 1 will consist of a 43 mark stock card with a 2 mark theory question on monetary unit

question 2 will be a 10 mark question on reconstructing ledgers, a 10 mark question on budgeting for a report, a 5 mark on another report. 6 marks dedicated to analysing these reports. 2 marks on what liquidity is. 2 marks on what profitability is then the rest will be explaining and identifying negative trends and improvements/benchmarks and whatnot.

[abzzzz]

I don't know how to do the stockwritedown in a stock card

[kamb0z]

45 mark definition of accounting
then another 45 mark stock card

[huss48]

REMEMBER
11:45 am –1:30 pm
Accounting Exam 2

WHAT I THINK WILL BE ON THE EXAM:
- calculate the Accumulated Depreciation/Depreciation (not many got this right last year, they might put a similar question)
- disposal of NCA (GJ/theory questions)
- cash flow/balance sheet/profit and loss 
-BDA (prepaid/accrued revenue)  also theory
-sales/purchases return
-variance reports for cash and profit
- budgeting/ratios/ two benchmarks (will be a question) plus theory  , liquidity,profitability, efficiency
-stockcard and stock writedown plus GJ  (may theory as well)
- stock valuation , calculate product/period cost and theory  , net realisable value
- reconstruct of accounts
-effect of transactions (accounting  equation)
- deposit to CRJ.

also important to know all accounting principles and qualitative characteristics.

GOOD LUCK ALL!

[abzzzz]

I heard from the Assessor cunt that there's going to be multiple choice

[huss48]

some final revision questions, theory questions in exams 2007-2010: i've upload here some time ago (check page 1,2,3:
Accounting exams!

this below is a good practice for the exam tmr.

[nacho]

some final revision questions, theory questions in exams 2007-2010: i've upload here time time ago:
Accounting exams!

this below is a good prac for the exam tmr.

huss you mad man
thank you so much!

[abzzzz]

Do you guys think the trade in will be in the general journal ? 

[likeialwaysdo]

question 1 will consist of a 43 mark stock card with a 2 mark theory question on monetary unit

LOL!

there will just be the common questions, all though it is the last year of the study design, its not like they can put in any new information, just reword questions and stuff.

there will be a question on loss/profit on disposal of a non current asset <-- if it's some long named current asset like Fixture and Fittings or some shit im gnna rage.

liquidity definition
product vs period cost
profit vs profitability
stock card
reconstruction
cash flow
profit loss
all the usual stuff

[Naresh]

just a couple of questions.

in variance reports do we have to put +/- next to the amount it varies by?

and in a cash flow statement, do we have to put brackets () around outflows?

[likeialwaysdo]

just a couple of questions.

in variance reports do we have to put +/- next to the amount it varies by?

and in a cash flow statement, do we have to put brackets () around outflows?

variance : no
Cash flow: i heard its recommended you do that lol

[nacho]

im excited for this year's accounting
because the writer's are different and i scored higher on mid years than any trial exam i'd done.
i suggest before you answer a relatively straight forward question, look at it again and try to pick up some finer intricacy which 90% of the rest of the state will probably miss.