Login

Search the forums now!

Welcome, Guest. Please login or register.

October 23, 2025, 09:31:56 am
Pages: [1] 2 3   Go Down

Author Topic: How'd everyone go?  (Read 8519 times)  Share 

0 Members and 2 Guests are viewing this topic.

sam.utute

  • Victorian
  • Part of the furniture
  • *****
  • Posts: 1412
  • Connecturer.
How'd everyone go?
« on: June 14, 2011, 04:42:42 pm »
How was it?

I hope everyone is happy with how they went. CONGRATULATIONS! :D

What were the templates like? No major screw-ups this year?

Also, if someone could send me a copy of the exam, I can start working on the solutions :)

Sam
« Last Edit: June 15, 2011, 04:30:31 pm by ninwa »
Logged

andyzpipe

  • Victorian
  • Forum Regular
  • **
  • Posts: 63
Re: How'd everyone go?
« Reply #1 on: June 14, 2011, 05:14:31 pm »
was easy compared to previous years , if u want i can send u questions now
Logged

keogy

  • Victorian
  • Fresh Poster
  • *
  • Posts: 1
Re: How'd everyone go?
« Reply #2 on: June 14, 2011, 05:17:30 pm »
definitely easier than the past few years, lots of practical in comparison to the last few years as well.
Did everyone else finish it really quickly?
« Last Edit: June 14, 2011, 05:25:44 pm by keogy »
Logged

Hodgeyhodgey

  • Victorian
  • Forum Obsessive
  • ***
  • Posts: 499
  • School: Sebastopol Secondary College
  • School Grad Year: 2011
Re: How'd everyone go?
« Reply #3 on: June 14, 2011, 05:20:20 pm »
Lots of prac, sort of easy. Some iffy questions though, definitely wasn't sure about them. Managed to finish 20 minutes early, with only one other person in my class finishing and he had about 30 seconds to look over is paper..
Logged
2010/11: Further Math|Accounting|BusMan|Englang|Economics|Physics [90.65]
2012-2014: Commerce @ Deakin

sam.utute

  • Victorian
  • Part of the furniture
  • *****
  • Posts: 1412
  • Connecturer.
Re: How'd everyone go?
« Reply #4 on: June 14, 2011, 05:25:14 pm »
Quote from: Hodgeyhodgey on June 14, 2011, 05:20:20 pm
Lots of prac, sort of easy. Some iffy questions though, definitely wasn't sure about them. Managed to finish 20 minutes early, with only one other person in my class finishing and he had about 30 seconds to look over is paper..
Bring on the 50 Hodgey!
Logged

BoredSatan

  • Victorian
  • Part of the furniture
  • *****
  • Posts: 1206
  • <3
  • School: GWSC
  • School Grad Year: 2011
Re: How'd everyone go?
« Reply #5 on: June 14, 2011, 05:25:33 pm »
I died..
reported my rent wrong in the P&L and CFS for that table..
and also put the bank balance as 4000 instead of 0 for CFS.

there goes at least 3 marks :'(
Logged
Master of Dentistry, Latrobe University 2011 ATAR: 99.75
ATARnotes Accounting Unit 3&4 Study Guide Author

andyzpipe

  • Victorian
  • Forum Regular
  • **
  • Posts: 63
Re: How'd everyone go?
« Reply #6 on: June 14, 2011, 05:31:26 pm »
oh no....
Logged

geoftw

  • Guest
Re: How'd everyone go?
« Reply #7 on: June 14, 2011, 05:44:23 pm »
this year's theory questions were really.... different. i had a mental blank when it came to defining accrual accounting :/
Logged

24309

  • Victorian
  • Forum Regular
  • **
  • Posts: 56
Re: How'd everyone go?
« Reply #8 on: June 14, 2011, 05:46:34 pm »
Quote from: geoftw on June 14, 2011, 05:44:23 pm
this year's theory questions were really.... different. i had a mental blank when it came to defining accrual accounting :/
Isnt that just a system of accounting whereby profit is calculated by deducting all relevant expenses incurred from all relevant reveues earned?
Logged

BoredSatan

  • Victorian
  • Part of the furniture
  • *****
  • Posts: 1206
  • <3
  • School: GWSC
  • School Grad Year: 2011
Re: How'd everyone go?
« Reply #9 on: June 14, 2011, 05:49:45 pm »
Quote from: 24309 on June 14, 2011, 05:46:34 pm
Quote from: geoftw on June 14, 2011, 05:44:23 pm
this year's theory questions were really.... different. i had a mental blank when it came to defining accrual accounting :/
Isnt that just a system of accounting whereby profit is calculated by deducting all relevant expenses incurred from all relevant reveues earned?
but how to get the 2 marks on that question?
Logged
Master of Dentistry, Latrobe University 2011 ATAR: 99.75
ATARnotes Accounting Unit 3&4 Study Guide Author

Hodgeyhodgey

  • Victorian
  • Forum Obsessive
  • ***
  • Posts: 499
  • School: Sebastopol Secondary College
  • School Grad Year: 2011
Re: How'd everyone go?
« Reply #10 on: June 14, 2011, 05:57:44 pm »
Quote from: BoredSaint on June 14, 2011, 05:49:45 pm
Quote from: 24309 on June 14, 2011, 05:46:34 pm
Quote from: geoftw on June 14, 2011, 05:44:23 pm
this year's theory questions were really.... different. i had a mental blank when it came to defining accrual accounting :/
Isnt that just a system of accounting whereby profit is calculated by deducting all relevant expenses incurred from all relevant reveues earned?
but how to get the 2 marks on that question?
I think the two marks would be for saying:
BDAs made to ensure revenues earned match expenses incurred to determine a more accurate profit
Logged
2010/11: Further Math|Accounting|BusMan|Englang|Economics|Physics [90.65]
2012-2014: Commerce @ Deakin

Hodgeyhodgey

  • Victorian
  • Forum Obsessive
  • ***
  • Posts: 499
  • School: Sebastopol Secondary College
  • School Grad Year: 2011
Re: How'd everyone go?
« Reply #11 on: June 14, 2011, 06:00:13 pm »
Quote from: sam.utute on June 14, 2011, 05:25:14 pm
Quote from: Hodgeyhodgey on June 14, 2011, 05:20:20 pm
Lots of prac, sort of easy. Some iffy questions though, definitely wasn't sure about them. Managed to finish 20 minutes early, with only one other person in my class finishing and he had about 30 seconds to look over is paper..
Bring on the 50 Hodgey!
Haha definitely won't be happening, from reading over what other people have said i've made so many errors...
Logged
2010/11: Further Math|Accounting|BusMan|Englang|Economics|Physics [90.65]
2012-2014: Commerce @ Deakin

sam.utute

  • Victorian
  • Part of the furniture
  • *****
  • Posts: 1412
  • Connecturer.
Re: How'd everyone go?
« Reply #12 on: June 14, 2011, 06:02:01 pm »
Only tricky bit seemed to be the Prepaid Rent in 2.2: whether to classify the GST or not.
Logged

Hodgeyhodgey

  • Victorian
  • Forum Obsessive
  • ***
  • Posts: 499
  • School: Sebastopol Secondary College
  • School Grad Year: 2011
Re: How'd everyone go?
« Reply #13 on: June 14, 2011, 06:07:34 pm »
Quote from: sam.utute on June 14, 2011, 06:02:01 pm
Only tricky bit seemed to be the Prepaid Rent in 2.2: whether to classify the GST or not.
I think I put the GST Clearing as a debit entry in the general journal, would that be right? Or would it not be reported since he paid it out of his personal bank account?
Logged
2010/11: Further Math|Accounting|BusMan|Englang|Economics|Physics [90.65]
2012-2014: Commerce @ Deakin

BoredSatan

  • Victorian
  • Part of the furniture
  • *****
  • Posts: 1206
  • <3
  • School: GWSC
  • School Grad Year: 2011
Re: How'd everyone go?
« Reply #14 on: June 14, 2011, 06:10:33 pm »
Quote from: sam.utute on June 14, 2011, 06:02:01 pm
Only tricky bit seemed to be the Prepaid Rent in 2.2: whether to classify the GST or not.
and you did right?
Logged
Master of Dentistry, Latrobe University 2011 ATAR: 99.75
ATARnotes Accounting Unit 3&4 Study Guide Author
Pages: [1] 2 3   Go Up