Consequential errors

[costargh]

I just did a prac exam and was marking it myself right...
I got all the 6 BDA's right which were worth 12 marks BUT i put in an alien BDA... the solutions didnt state how much including an alien wood deduct... i put 10/12

But this is what im unsure about. Because of that alien BDA (which increased expenses by 500 and increased acc dep by 500) my P+L s other expense extract was 500 dollars out (worth 5 marks)

then the P+L summary account was also out by 500
and the capital account was out by 500...
(P+L and capital account worth combined 5 marks)


This is where im confused... how does the mark allocation work for those ones. Iv heard that if you get a bit wrong and it affects questions later u cant get penalised again and again for the one error... ie... the alien in the General Journal cant keep causing deductions throughout my paper for that same alien...

can someone explain to me =)

Actually, I think the initial alien may only by a deduction of 1 mark (I've never seen a deduction of 2 marks for an alien) giving me 11/12 but then in the next question I think id get 4/5 and then the next one again maybe 3/5 OR 4/5

[elaine]

yeah i'm pretty sure aliens only deduct one mark

lol. accounting aliens. i love that term

and yeah i was wondering about the whole consequential marking scheme too.
if you have a wrong figure from a previous question and use it in your next question, can you still get full marks for the second question or do you just get penalised less?

[costargh]

if you have a wrong figure from a previous question and use it in your next question, can you still get full marks for the second question or do you just get penalised less?

Thats a nice succinct way of saying what I said in about 3 paragraphs LOL.
I e-mailed Keith King who did the Access Education lecture at Monash Clayton. Hopefully he gets back to me by tomorrow.

[elaine]

if you have a wrong figure from a previous question and use it in your next question, can you still get full marks for the second question or do you just get penalised less?

Thats a nice succinct way of saying what I said in about 3 paragraphs LOL.
I e-mailed Keith King who did the Access Education lecture at Monash Clayton. Hopefully he gets back to me by tomorrow.

lol sweet, friends in high places

[jamesdrv]

Yep, you can still get full marks for any questions that follow. They deduct one mark for the original error, and then any consequential errors are not penalised.

[costargh]

WOWWW omg are u sure... then I wood have gotten around 88/90 for the NEAP 2007 ROFL!!! but maybe some theory they wood be SUPER tite with soo maybe 86 if they were beiing gay

YAY im happy now lol but I DONT WANNT TO ENCOUNTer ANOTHER ALIEN IN MY ACCOUNTING LIFE :@

[elaine]

wow. aliens are sure nasty lookin lol

[costargh]

E-mail from Keith =)

Hi Costa
In your situation you only made one error - thus there 'may' be a one mark deduction. An alien is something that does not belong eg the bad debt entry in the subsidiary ledger (response B) in the MC questions. To do an extra entry may not be an alien and you may not lose a mark. Subsequent effects on P/L etc would not be penalised. That is why it is important to finish the question. Sounds like you are travelling well - good luck in the exam.
Keith

[elaine]

E-mail from Keith =)

Hi Costa
In your situation you only made one error - thus there 'may' be a one mark deduction. An alien is something that does not belong eg the bad debt entry in the subsidiary ledger (response B) in the MC questions. To do an extra entry may not be an alien and you may not lose a mark. Subsequent effects on P/L etc would not be penalised. That is why it is important to finish the question. Sounds like you are travelling well - good luck in the exam.
Keith

YAY good news all round
i can't believe extra entries may not even lose me a mark!

[costargh]

I think he means because aliens would be in ledgers and P+L Statements, they dont neccesarily have to negative mark for general Journal entries where you're recording BDA's because each entry is separate from the previous?


Key word is 'may', but I'm really happy I got some news like that. Makes me feel more confident =)

Anyone have questions they want me to ask Keith? I'm only going to send one e-mail back so if you have questions let me know.

[elaine]

I think he means because aliens would be in ledgers and P+L Statements, they dont neccesarily have to negative mark for general Journal entries where you're recording BDA's because each entry is separate from the previous?


Key word is 'may', but I'm really happy I got some news like that. Makes me feel more confident =)

Anyone have questions they want me to ask Keith? I'm only going to send one e-mail back so if you have questions let me know.

i was about to shoot off an email to my teacher lol
how about that owner's equity thing from the insight exam?
thanks costa

[costargh]

I think he means because aliens would be in ledgers and P+L Statements, they dont neccesarily have to negative mark for general Journal entries where you're recording BDA's because each entry is separate from the previous?


Key word is 'may', but I'm really happy I got some news like that. Makes me feel more confident =)

Anyone have questions they want me to ask Keith? I'm only going to send one e-mail back so if you have questions let me know.

i was about to shoot off an email to my teacher lol
how about that owner's equity thing from the insight exam?
thanks costa

Done
Ill let you know when I get a reply

[elaine]

I think he means because aliens would be in ledgers and P+L Statements, they dont neccesarily have to negative mark for general Journal entries where you're recording BDA's because each entry is separate from the previous?


Key word is 'may', but I'm really happy I got some news like that. Makes me feel more confident =)

Anyone have questions they want me to ask Keith? I'm only going to send one e-mail back so if you have questions let me know.

i was about to shoot off an email to my teacher lol
how about that owner's equity thing from the insight exam?
thanks costa

does anyone have any other questions they want cleared up?
i'm just about to email my teacher
Done
Ill let you know when I get a reply

[Fyrefly]

Accounting aliens...

*Imagines little green men with abacuses*