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October 18, 2025, 06:35:57 pm

Author Topic: Last Minute Revision  (Read 2959 times)  Share 

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sam.utute

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Last Minute Revision
« on: October 29, 2010, 12:42:23 pm »
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Hey fellas,

I'm going to do some last minute revision (as the title suggests), and wanted your opinions on which exams to do.
I plan on smashing the VCAA exams (2007-2009). Any others that were particularly difficult or sneaky? Along with the three VCAA, I hoping to do three made by other companies. Let me know what you guys think are the three hardest exams.

My opinion:
Compak 2008
CSE 2010
Compak 2010

Sam :)

aposta28

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Re: Last Minute Revision
« Reply #1 on: October 29, 2010, 12:47:15 pm »
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I suggest Compak 09
It seemed hard when i did it, but it was a off day for me, so who actually knows
I still recommend it!

sam.utute

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Re: Last Minute Revision
« Reply #2 on: October 29, 2010, 01:16:27 pm »
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I suggest Compak 09
It seemed hard when i did it, but it was a off day for me, so who actually knows
I still recommend it!
Seems like the Compak ones are pretty tough. Might run them off as well.

Albeno69

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Re: Last Minute Revision
« Reply #3 on: October 29, 2010, 03:30:14 pm »
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Don't want to do to many on exam day or you will be unmotivated or thats just me.

eeps

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Re: Last Minute Revision
« Reply #4 on: October 29, 2010, 04:01:54 pm »
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I'm going to do the same - VCAA 2007, 2008 and 2009 over the long weekend. In my opinion, the hardest ones are:

  • NEAP 2010 exam
  • CSE 2010 exam

I don't have a third one.

Stormer

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Re: Last Minute Revision
« Reply #5 on: October 29, 2010, 04:05:23 pm »
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Yeah i'm planning on doing one over the weekend then about 6 after Spesh which would get me about 10 done overall. Fingers crossed thats sufficient.

NEAP 2010 was pretty difficult, I agree.
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sam.utute

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Re: Last Minute Revision
« Reply #6 on: October 29, 2010, 05:35:18 pm »
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Yeah i'm planning on doing one over the weekend then about 6 after Spesh which would get me about 10 done overall. Fingers crossed thats sufficient.

NEAP 2010 was pretty difficult, I agree.

Bugger. Don't have the Neap 2010 one. Perhaps a last minute barrage of pleas to accounting teacher may solve my dilemma.

Stormer

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Re: Last Minute Revision
« Reply #7 on: October 29, 2010, 05:37:29 pm »
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Yeah i'm planning on doing one over the weekend then about 6 after Spesh which would get me about 10 done overall. Fingers crossed thats sufficient.

NEAP 2010 was pretty difficult, I agree.

Bugger. Don't have the Neap 2010 one. Perhaps a last minute barrage of pleas to accounting teacher may solve my dilemma.
As you'll find with Accounting, it's not necessarily hard per se but some of the questions are just worded poorly.
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eeps

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Re: Last Minute Revision
« Reply #8 on: October 29, 2010, 05:49:11 pm »
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Seconded. Some of the questions in the NEAP exam were ambiguous and not concise. I'd try getting my hands on this exam, just because it's different - as opposed to others like Insight and QAT.

LFTM

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Re: Last Minute Revision
« Reply #9 on: October 29, 2010, 06:07:58 pm »
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I think i'll just go through the vcaa ones again.

lilaznkev1n

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Re: Last Minute Revision
« Reply #10 on: October 30, 2010, 11:36:46 am »
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My opinion is do the Neap 2010 and CSE 2009 ones as well as the VCAA ones.
Those were the difficult ones for me.
CSE 2009 had a lot of unfamiliar questions...
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Phenotype

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Re: Last Minute Revision
« Reply #11 on: October 30, 2010, 02:43:31 pm »
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I believe that VCAA 2008 was probably the HARDEST exam I had done. The sheer "bitch"ery with the Cash At Bank thing... Oh my god.

Also, Neville Box believes that there will more than likely be a Cash Sale of a NCA instead of a trade in, due to the trend of having done the trade in in 2008 and 2009. But don't count on it 100%; he just assumes so.
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eeps

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Re: Last Minute Revision
« Reply #12 on: October 30, 2010, 04:16:19 pm »
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Also, Neville Box believes that there will more than likely be a Cash Sale of a NCA instead of a trade in, due to the trend of having done the trade in in 2008 and 2009. But don't count on it 100%; he just assumes so.

I've noticed that as well. It may well be a cash sale as opposed to a trade-in. I got forgot, you record the "Bank - Disposal of ___" in the General Journal, unless there is a Cash Receipts Journal given, right?

Cheers.

_avO

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Re: Last Minute Revision
« Reply #13 on: October 30, 2010, 04:19:32 pm »
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Isn't it a rule of thumb to never post cash transactions in the GJ? :O So if it were a cash sale of NCA, they would probably provide a CRJ
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eeps

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Re: Last Minute Revision
« Reply #14 on: October 30, 2010, 04:24:42 pm »
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LOL Yeah, now I remember.

If it's a cash sale then they should provide you with a CRJ. So, you would still have "Disposal of asset - asset", "Accumulated Depreciation of asset - Disposal of asset" and "Loss/Profit on Disposal of asset - Disposal of asset".

Though, Bank wouldn't be reported in the General Journal.