Accounting Exam Discussion Thread

[sam.utute]

Hi all,

Please use this thread for all post-exam discussion. I've started it now just to keep things from getting messy later on.

Good luck to all of you on Monday; I hope that the hard work pays off!

I will sticky the thread with suggested solutions and the copy of the exam.

Wishing you all the best,
Sam

P.S. If you email me a copy of the exam, I will have suggested solutions up on the same day.

[jason pham]

Good luck to you!!

[BoredSatan]

Someone upload the exam pl0x

[Faith-PoweR]

feeling so depressed after walking out of the exam room. left around 40 marks blank due to poor time management. 
was aiming for 40, but now it seems like the most i can get is low 30.
argh

[sam.utute]

feeling so depressed after walking out of the exam room. left around 40 marks blank due to poor time management. 
was aiming for 40, but now it seems like the most i can get is low 30.
argh

Aww Was it super long?

[b_blah]

I told myself I would read the god damn question yet when it came to performance evaluation I failed to see that net profit for the business remained the same over the years hence my answers would be wrong. Probably can't even get 1 mark out of 4 for that one urgh. Just so pissed.

[Damoz.G]

Sorry if this makes anyone feel bad, but I NAILED THAT EXAM!

I'll upload when I get home.

[itsdanny]

Did anyone else find this exam was too quick?

[sam.utute]

I've got a copy of the exam

Writing solutions now.

[Damoz.G]

Did anyone else find this exam was too quick?

I didn't find it quick, but not long either.

[b_blah]

Did anyone else find this exam was too quick?

I felt it was pretty short to be honest, finished with like half an hour to go

[unmotivated]

I had heaps of time left at the end (20 min) to go over what I did. Found it pretty easy. Although the last question was tricky and the stock card was hardish

[mdotwillo]

Ffs, I didn't add GST in the last question.

I showed all my working out and got the correct figure (before you multiply that figure by 1.1). Will that still be 0/4?

Also, with that additional information for the General Journal entries (Q8), were you meant to assume that Inv. 44 had already been through the reports? The fact it was 7 marks really threw me because it would normally be 2 marks x 4 extra entries.

I did $1000 DR 'Prepaid Sale Revenue' and $1000 CR 'Sales', but then I did cost of sales and stock control also, which has to be wrong.

[b_blah]

Since its the first year of only having one exam it may be hard to predict but what do you think the a+ cut off will be

[teexo]

I was happy with the length, it seemed pretty short compared to previous years