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October 22, 2025, 01:27:56 am
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Author Topic: Accounting Mid-Sem  (Read 10978 times)  Share 

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ShortBlackChick

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Re: Accounting Mid-Sem
« Reply #30 on: April 23, 2012, 08:38:07 pm »
0
What did people say for the last question? Im wrote a tonne of bullshit really. Was Collywobbles beast at everything or did i interpret that wrong?
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Furbob

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Re: Accounting Mid-Sem
« Reply #31 on: April 23, 2012, 08:40:24 pm »
+1
Quote from: kazdawg on April 23, 2012, 08:38:07 pm
What did people say for the last question? Im wrote a tonne of bullshit really. Was Collywobbles beast at everything or did i interpret that wrong?

wasn't their cash cycle longer than St Kilda Ltd? = they take longer to convert inventory to cash etc?
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nacho

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Re: Accounting Mid-Sem
« Reply #32 on: April 23, 2012, 08:41:33 pm »
+1
Quote from: Furbob on April 23, 2012, 08:36:28 pm
Quote from: kazdawg on April 23, 2012, 08:31:59 pm
WHATTHEFUCK IS A REVENUE APPROACH?

I think I beasted Q2 of the Short Answer, lets face it, it was quite easy, although I did forget the name of the Sales Return account, so I just took the VCE method and called it that.

And Collywobbles no more for Collywobbles Ltd.?

revenue approach is the "VCE method" and expense approach is when you credit the expense accounts or something like that

(it was the revenue approach in reverse. bleh, im crap at explaining it)
thats twice you've juked me..

i spent like 15 minutes looking for R8 cause i swear that's where T_T said his exam room was. LOL ffs!!

stupid furbob and her stupid tutor and my imagination..

I also argued in favour of cobblywobblys
but i fkd that q up hardcore

realistically i cant see myself getting over a 35 and the max i can get is a 40
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Furbob

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Re: Accounting Mid-Sem
« Reply #33 on: April 23, 2012, 08:44:06 pm »
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Quote from: nacho on April 23, 2012, 08:41:33 pm
Quote from: Furbob on April 23, 2012, 08:36:28 pm
Quote from: kazdawg on April 23, 2012, 08:31:59 pm
WHATTHEFUCK IS A REVENUE APPROACH?

I think I beasted Q2 of the Short Answer, lets face it, it was quite easy, although I did forget the name of the Sales Return account, so I just took the VCE method and called it that.

And Collywobbles no more for Collywobbles Ltd.?

revenue approach is the "VCE method" and expense approach is when you credit the expense accounts or something like that

(it was the revenue approach in reverse. bleh, im crap at explaining it)
thats twice you've juked me..

i spent like 15 minutes looking for R8 cause i swear that's where T_T said his exam room was. LOL ffs!!

stupid furbob and her stupid tutor and my imagination..

I also argued in favour of cobblywobblys
but i fkd that q up hardcore

realistically i cant see myself getting over a 35 and the max i can get is a 40

LOL just because I told you my tute said that "3~5 marks would be on ratios"
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nacho

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Re: Accounting Mid-Sem
« Reply #34 on: April 23, 2012, 08:47:23 pm »
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im just blaming you because im too much of a loser to accept the fact that i didnt prepare :)

but im still not accepting responsibility (Y)

noo truetears, waht room were u in, i spent ages in rotunda running around
then i went upstairs where the toilets were except i went right instead of left and there were just a series of "EXIT" signs and it was all dark

come out of the other side of rotunda, was quite the adventure :D
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ShortBlackChick

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Re: Accounting Mid-Sem
« Reply #35 on: April 23, 2012, 08:53:31 pm »
0
Did everyone have different questions? Coz in mine Collywobbles had a cash cycle of 15 whilst Saints had a cycle of like 30+
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Furbob

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Re: Accounting Mid-Sem
« Reply #36 on: April 23, 2012, 09:01:08 pm »
+1
I was sure it was the other way around...

cept I got 24.3 for Collywobbles and 11.something for st kilda (cant remember the exact figure)
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aes_999

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Re: Accounting Mid-Sem
« Reply #37 on: April 23, 2012, 09:17:40 pm »
+4
....I dont even know what the cash cycle is....
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Furbob

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Re: Accounting Mid-Sem
« Reply #38 on: April 23, 2012, 09:23:25 pm »
+2
cash cycle = days to convert inventory to cash = inventory turnover + receivables turnover

/isruiningeveryonesmondaynight :(
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ShortBlackChick

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Re: Accounting Mid-Sem
« Reply #39 on: April 23, 2012, 09:32:23 pm »
0
Ahahaha LOL I fail bad
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twister286

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Re: Accounting Mid-Sem
« Reply #40 on: April 26, 2012, 07:42:23 am »
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Revenue method: The "alternative" method in the textbook where the entire portion of the transaction is recognised as revenue, and the adjusted entry then corrects for the unearned portion.
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Furbob

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Re: Accounting Mid-Sem
« Reply #41 on: April 30, 2012, 10:29:27 am »
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how did everyone go? *tute emailed my result to me so I guess it'll be the same with you guys*

LOL.... ohtheshame.
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aes_999

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Re: Accounting Mid-Sem
« Reply #42 on: April 30, 2012, 10:49:50 am »
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The shame, meaning u has scored duh HD? For me, knowing my tutor, she'll give it to us personally on our tutes (which is on Wednesday...)
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Furbob

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Re: Accounting Mid-Sem
« Reply #43 on: April 30, 2012, 01:36:13 pm »
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No not the HD, not being modest here
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nacho

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Re: Accounting Mid-Sem
« Reply #44 on: May 01, 2012, 06:15:29 pm »
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i got shit too
yay
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