Official Accounting Exam Discussion

[Fyrefly]

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

If it is Anthony Simmons u're talking bout then u're lucky 2 have had such a good teacher.


Generally speaking, @ least the exams this year did reasonably well in testing actual knowledge, not how many stupid little mistakes 1 can make under exam conditions.
I'll put money on 73/90, judging by every1's unhappiness XD

[clinton_09]

i reckon i'll get high 50s maybe lol. Hopefully i get 30 SS

[Fyrefly]

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

Examiners do their best 2 give marks where they're allowed 2.
If u've clearly stated 'improve' I reckon u'll get the marks, even if u didn't circle it.

[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.

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

If it is Anthony Simmons u're talking bout then u're lucky 2 have had such a good teacher.


Generally speaking, @ least the exams this year did reasonably well in testing actual knowledge, not how many stupid little mistakes 1 can make under exam conditions.
I'll put money on 73/90, judging by every1's unhappiness XD

Yeah its Simmo. Top teacher that man.

[jsimmo]

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

If it is Anthony Simmons u're talking bout then u're lucky 2 have had such a good teacher.


Generally speaking, @ least the exams this year did reasonably well in testing actual knowledge, not how many stupid little mistakes 1 can make under exam conditions.
I'll put money on 73/90, judging by every1's unhappiness XD

Yeah its Simmo. Top teacher that man.

yeah it's my old man

[ben4386]

Hmm...the last few were worth the most

I'm guessing it was...
21 Nov- Order : No effect x3
25th Nov- Deposit : Increase, Increase, No effect.
21st Dec- 15 beds delivery: Decrease, No effect, Decrease
15th Jan- Increase, Decrease, Increase.

I might be wrong though...lol, but if i'm right, it doesn't seem too hard at all.
Those weren't the answers i put though i have no idea what i put lol.

First one and second one are right

3rd is the one that gets tricky , 15 beds delivered means that sales is 7500, 2000 prepaid, 5500 debtors, + 750 GST

Cost Price means that stock control decreases 4500 and cost of sales increases/net profit decreases 4500

Overall
assets increase 1750 (increase 6250 (debtors + GST) - cost price 4500)
liabilities decrease 1250 (prepaid sales revenue decreases 2000, GSt liability increases 750)
Owners equity increase 3000 (sales increases 7500, less cost of sales 4500)

4th one

5 beds delivered

assets increase 1250 ( Debtors control 2500 + 250 GST less stock 1500), the fact that all money was paid is simply a restructure of assets. assets still increase tho

liabilities increase 250 (GST clearing 250)

Owners equity increases 1000 (2500 Sales revenue -1500 cost)

[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.

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

If it is Anthony Simmons u're talking bout then u're lucky 2 have had such a good teacher.


Generally speaking, @ least the exams this year did reasonably well in testing actual knowledge, not how many stupid little mistakes 1 can make under exam conditions.
I'll put money on 73/90, judging by every1's unhappiness XD

Yeah its Simmo. Top teacher that man.

yeah it's my old man

Fairly sure his kids are all primary school age.

[costargh]

owned

[jsimmo]

owned

OMG IT WAS TERRIBLE. IM SO CUT ANGRY FUCKEN PISSED OFF.
THAT WAS A PIECE OF SHIT. WAS RIDICULOUSLY HARD. HOLY FUCK TOOK SO LONG WAS WRITING TO THE LAST SECOND AND JUST FINISHED ON TIME. IM SOO EMOTIONAL THAT I CAN BARELY FORM WORDS. HATE WORLD. HATE LIFE
BYE

[RD]

i reckon i'll get high 50s maybe lol. Hopefully i get 30 SS

lol I did a count up before, I'm looking at 55-57/90. So pissed off cause I got 60/90 in mid years and that exam felt better compared to todays!

[costargh]

owned

OMG IT WAS TERRIBLE. IM SO CUT ANGRY FUCKEN PISSED OFF.
THAT WAS A PIECE OF SHIT. WAS RIDICULOUSLY HARD. HOLY FUCK TOOK SO LONG WAS WRITING TO THE LAST SECOND AND JUST FINISHED ON TIME. IM SOO EMOTIONAL THAT I CAN BARELY FORM WORDS. HATE WORLD. HATE LIFE
BYE

point. id write it again now

[RD]

So, a high B, B+ and B get me like a 32 in Accounting? Fuck, wanted a 34 cause now it might not be in top 4 depending on how Further exam 2 went.

[Athomas]

Does anyone put answers up? (Just curious

[cwg]

On the brighter side, I found the accounting exam to be easy, just really long.  :smitten: A+ again for me  :idiot2:

[ben4386]

Does anyone put answers up? (Just curious

look above i posted the answers to the increase decrease no effect table