Official Accounting Exam Discussion

[AdamHannah]

My teacher, who is a marker and wrote the red textobook some of you might use, described the exam as 'insane', as in hard not nonsensical, and said that an A+ would be about 72 ish. I reckon a lot of people will have struggled to finish and missed out on the easy marks on the last 2 pages as well, cos of that weird arse table question.

[RD]

Fuck I screwed the depreciation question. Got some weirdo ass figure like $2733 or $2833 got that felt weird cause some of my friends got answers completely different  Fuck this has just ripped my motivation 

[davo]

yeh the key to doing well is finishing. a mate of mine didnt get anywhere near finishing the unit 3 exam n still ended up with a B, if he had of finished would of ended up much higher. i still dont see how the average score for last years exam was around 50% considering it was so easy. this years will be lower than that as well. a lot of people must have no clue

[Athomas]

It was hard but not that bad.

The 7 mark table was a killer.
I lost a few marks elsewhere too.

Oh well.....

Question 1 was super easy (40/45 I'd say).
Question 2 was hard in parts (30/45 I'd say).

70/90 probz A lolz

[costargh]

My teacher, who is a marker and wrote the red textobook some of you might use, described the exam as 'insane', as in hard not nonsensical, and said that an A+ would be about 72 ish. I reckon a lot of people will have struggled to finish and missed out on the easy marks on the last 2 pages as well, cos of that weird arse table question.

Anthony Simmons?

Yeh, thank-god he agrees with me. Its like they tried to make everything to complicated. I feel sorry for the people who arnet very good at Accounting who whooo codda got like 30/90 and now looking at 5/90. so stupid

and wtf
no p+l or Cash flow statment ? wtf

[Athomas]

My teacher, who is a marker and wrote the red textobook some of you might use, described the exam as 'insane', as in hard not nonsensical, and said that an A+ would be about 72 ish. I reckon a lot of people will have struggled to finish and missed out on the easy marks on the last 2 pages as well, cos of that weird arse table question.

Anthony Simmons?

Yeh, thank-god he agrees with me. Its like they tried to make everything to complicated. I feel sorry for the people who arnet very good at Accounting who whooo codda got like 30/90 and now looking at 5/90. so stupid

and wtf
no p+l or Cash flow statment ? wtf

Thank god! I just realised thats why I felt so good about it. I HATE them.

[RD]

I was expecting one.. but meh. I didn't think that I got the reconstruction fully correct. Man.. that exam just really sunk my motivation.

[costargh]

i wodda loved a p+l. way better than bloody reconstructing all those ledgers (although i think i got them all right )

only thing im happy about.

what did u guys say for the  efficiency of the business at the end of question 1?
improve, deteriorate, remain unchanged or unable to determine?

[RD]

I circled improve. My reasoning was really shit so I won't get full marks  Fuck, thinking about this is just making me more and more depressed.

[davo]

it was improve because the stock and debtors turnovers were quicker meaning the business had used its assets better to generate revenue

[Tauk]

If everyone did shit, scaling will do its wonders...


I circled improve...

What was the accounting principle?

[deano]

yeh those vcaa guys are bastards, they could av given us a nice little cash receipts journal for a couple of marks before working out the bank reconstruction.

And yeh i said improving cos the cash cycle decreased which is more efficient cos the business had used its assets better to generate revenue

[fusion]

I think i epic failed and i got A+ on mid years...there goes my accounting. That prepaid revenue question was just stupid, it was exact same as last year, but this year you couldnt just put it into the general journal, like wtf why'd they change the accounting procedure. WHAT ABOUT CONSISTENCY

[costargh]

OH FUCK I DIDNT CIRCLE ANY OF THEM!!! I JUST SAID THAT IT WOOD IMPROVE AND EXPLAINED IT. I HAD 30 SECONDS TO ANSWER THAT QUESTION CAUSE I DID IT LAST. OH FUCK...  HOPE I DONT GET ANAL MARKERS WHO ARE FUCKED IN THE HEAD

[RD]

Fuck I just went over my exam don't think ill even get 60/90 fucking hell, I got that for mid years and felt like shit getting a B now it looks even fucking worse. Fuck, there goes any chance of getting 34.