Sammy's Accounting [47], Economics[50], Further [50] and Bus Man Help!

[sam.utute]

Sam, you skipped day 7 and 8, nice plan though, i'll try to follow it..

That was deliberate. I thought people would be exhausted either would need a break for a couple of days.
I'll finish the suggested completion soon.

P.S. Good luck dude! Let me know how far you get.

[sam.utute]

Day 10:
Complete Chapter 8 - Stock cards - This chapter is the easiest part of Unit 3. The past few VCAA exams have backed this up, with the average mark for Stock Card questions generally being extremely high (VCAA 2010 Unit 3 Exam Stock Card: Average Mark was 2.6/3; VCAA 2009 Unit 3 Exam Stock Card: Average Mark was 4.5/5). The only new information involves using the General Journal which was introduced in the previous chapter. Stock losses and stock gains should be familiar to Unit 1 and 2 students.
Have a go at: 8.1, 8.2, 8.4, 8.7, 8.8, 8.10, 8.11 and 8.12.

[burbs]

Just a question, do people actually get BM help?

[sam.utute]

Day 11:
Complete Chapter 9 - Profit and Loss Statements (the bread of most businesses [butter being Cash Flow Statements]) - While setting up the P/L Statement and actually calculating profit is relatively straight-forward, using the General Journal to close accounts can be a little tricky. Simply understand this: as expenses are debited when they are incurred, to "close" the accounts (i.e. delete them by bringing the account value to zero), you need to credit them (the opposite of what you did to increase their value - multiply and divide).
The Profit and Loss Statement remains virtually the same from Units 1 and 2, with the addition of "Add Other Revenue" which allows you to include revenue earned from other sources other than sale of goods.
Try: 9.3, 9.6 and 9.8
Again, as usual, any mistakes in 9.3 (which you will find out once you finish), then have a go at 9.1 and 9.2. Same thing with the exercises on P/L Statements.

[sam.utute]

Just a question, do people actually get BM help?

Simply put, yes. To tell you the truth, I was a little disappointed with my raw score in BM. Thought I could have done much better. But its cut-throat competition in BM

I don't think I made it very clear in my earlier posts. Sorry.

[sam.utute]

Day 12:
Complete Chapter 10 - BDAs: Prepaid/Accrued Expenses - The last three chapters were/are considered the hardest part of Unit 3. While they overlap a little with Year 11, recording them now involves use of the General Journal and the Ledger. The theory questions related to this topic are pretty easy (perhaps in compensation for the more difficult practical work). Answers will involve stating the definition of expense or Reporting Period (IMPORTANT) etc.
Have a go at:
           Prepaid: 10.1, 10.3, 10.5
           Accrued: 10.7, 10.9, 10.10
           Reporting: 10.12 and 10.13

P.S. I know I keep repeating it, but make sure you do enough exercises til you understand the concept that you are working on. Sorry. Couldn't help myself

[ben_ess12]

Will you be posting anything similar to the above for business management?
But great posts so far

[sam.utute]

Will you be posting anything similar to the above for business management?
But great posts so far

BM doesn't require as much work. It's mainly about reading and understanding the concepts in the textbook. But seeing as though you are interested, I'll post up some tips as well for it.
VCE Accounting can and does require a LOT of work to do well, and it helps if you know some short-cuts.

Thanks ben_ess12

[Kotza]

This guy is an absolute God in any subject he does! I go to school with him and he is a F-R-E-A-K!!! (in a good way of course.)

His tutoring would most DEFINITELY boost your scores in any sac and examination!!!!

[ben_ess12]

Will you be posting anything similar to the above for business management?
But great posts so far

BM doesn't require as much work. It's mainly about reading and understanding the concepts in the textbook. But seeing as though you are interested, I'll post up some tips as well for it.
VCE Accounting can and does require a LOT of work to do well, and it helps if you know some short-cuts.

Thanks ben_ess12

Cheers thanks for that I would be really appreciative of it

[sam.utute]

Just an update.

I recently received 'prizes' or 'subject awards' for Accounting and Economics. Missed out for Further (don't know why though; I was rank 1 with 100% over all SACs, but meh).

utute should launch by the end of the week. I know I've been saying that for a while, but this time I'm serious. My programmer (my older bro) finally has some time on his hands to finish the registration. I'm almost quivering in anticipation.

I'm now available to travel to the State Library despite my phobia of public transport if anyone needs me.

Thanks guys

[sam.utute]

Congrats everyone on your epic scores!

I'll just letting everyone know I will be at the State Library from 2pm onwards for a couple of hours if anyone wants FREE help in getting started with any subjects that I did this year (or last year for that matter). If you are in the city, come say hi! I'll be wearing a white polo with I LOVE SURFING on the front

[sam.utute]

I'll finish of the Accounting guide tomorrow and post up my economics notes. They are extremely detailed and go for 30+ pages (have fun reading them). I feel sorry for all the trees that I killed when I printed them out

[ben_ess12]

I'll finish of the Accounting guide tomorrow and post up my economics notes. They are extremely detailed and go for 30+ pages (have fun reading them). I feel sorry for all the trees that I killed when I printed them out

double side print them?

[sam.utute]

I'll finish of the Accounting guide tomorrow and post up my economics notes. They are extremely detailed and go for 30+ pages (have fun reading them). I feel sorry for all the trees that I killed when I printed them out

double side print them?

I tried to. Then the printer at school failed and the page numbers were jumbled up. So I had reprint some pages so that it would make sense.