Accounting Results

[eeps]

LOL. I just realised that there was a option on the poll to vote "I didn't sit the exam"... and 35 people voted for it, the most...

I reckon the exam will have one of those hard-core "Cash v. Profit" QUESTIONS, where you have to identify an item in either the Cash Flow Statement or P/L Statement and explain why the Cash Balance differs from Net Profit. (generally worth 4 marks or something.)

[mmmmm]

LOL. I just realised that there was a option on the poll to vote "I didn't sit the exam"... and 35 people voted for it, the most...

I reckon the exam will have one of those hard-core "Cash v. Profit" QUESTIONS, where you have to identify an item in either the Cash Flow Statement or P/L Statement and explain why the Cash Balance differs from Net Profit. (generally worth 4 marks or something.)

Oh god, we still have to do them in unit 4? :/ and i actually got full marks for that on the exam, HOORAY for that. but still.. I HATE THEM

[eeps]

Oh god, we still have to do them in unit 4? :/ and i actually got full marks for that on the exam, HOORAY for that. but still.. I HATE THEM

LOL. I think so. my Accounting teacher gave us a worksheet which incorporated the Cash v. Profit QUESTION... in relation to BUDGETING and VARIANCE! ==' and I thought that was the end of that question...

THE good thing though is that I have template answer... LOL.

"Under Accrual Accounting, Net Profit is calculated by comparing revenues earned against expenses incurred in the current reporting period. While the business' Cash Balance is calculated by subtracting cash payments from cash receipts, thus, the two are shown to be different"...(then give examples and explain.)

worked. for. me.

[mmmmm]

Oh god, we still have to do them in unit 4? :/ and i actually got full marks for that on the exam, HOORAY for that. but still.. I HATE THEM

LOL. I think so. my Accounting teacher gave us a worksheet which incorporated the Cash v. Profit QUESTION... in relation to BUDGETING and VARIANCE! ==' and I thought that was the end of that question...

THE good thing though is that I have template answer... LOL.

"Under Accrual Accounting, Net Profit is calculated by comparing revenues earned against expenses incurred in the current reporting period. While the business' Cash Balance is calculated by subtracting cash payments from cash receipts, thus, the two are shown to be different"...(then give examples and explain.)

worked. for. me.

Oh ahaha that was like unit 3. I had a template answer. It works!

[LFTM]

Oh god, we still have to do them in unit 4? :/ and i actually got full marks for that on the exam, HOORAY for that. but still.. I HATE THEM

LOL. I think so. my Accounting teacher gave us a worksheet which incorporated the Cash v. Profit QUESTION... in relation to BUDGETING and VARIANCE! ==' and I thought that was the end of that question...

THE good thing though is that I have template answer... LOL.

"Under Accrual Accounting, Net Profit is calculated by comparing revenues earned against expenses incurred in the current reporting period. While the business' Cash Balance is calculated by subtracting cash payments from cash receipts, thus, the two are shown to be different"...(then give examples and explain.)

worked. for. me.

Oh ahaha that was like unit 3. I had a template answer. It works!

I did that in the unit 3 exam and one examiner gave me 4 marks while the other gave me 3. I thought i answered it perfectly.

[eeps]

Unit 3 seems so far ago... Unit 4 in comparison, I'm finding is somewhat easier to a degree. I'm hoping that there will be a page or so, dedicated just to Variance Reports on the Unit 4 exam... LOL, they're so easy!

[mmmmm]

Unit 3 seems so far ago... Unit 4 in comparison, I'm finding is somewhat easier to a degree. I'm hoping that there will be a page or so, dedicated just to Variance Reports on the Unit 4 exam... LOL, they're so easy!

Haha i guess they're easy but also easy to make mistakes on. So many numbers!

[eeps]

LOL. yeah, they can get confusing sometimes...

Cash Inflows, Cash Outflows etc... Revenues, Expenses... LOL. I saw on an exam paper, a business budgeted for a negative expense (___) i.e. Customs Duty and ended up paying like $2000!

[Madz21]

Is there still a chance of getting over 40 if I got an A?

[wildareal]

Is there still a chance of getting over 40 if I got an A?

Yer there is.
However you do need a High A+.
My friend got an A in the midyear, A+ on end of year and got a 38.
To get a 40+ I reckon you'd need an 83-85/90 if the the cutoff were to be like this midyear's of 77.
Good Luck

[naved_s9994]

Is there still a chance of getting over 40 if I got an A?

Yer there is.
However you do need a High A+.
My friend got an A in the midyear, A+ on end of year and got a 38.
To get a 40+ I reckon you'd need an 83-85/90 if the the cutoff were to be like this midyear's of 77.
Good Luck

My Cousin got an A and A+ and got 41..... it always depends whether its a high or low

[eeps]

I'd also say it depends on your SAC grade/mark, although, in saying that, yes, the mid-year and end-of-year exam count for more than SACs.