ACCOUNTING AFTERMATH

bluemooner

my sweet baby flexible nor my marginal came up. whoever designed that paper is a grade A arsewipe

sheep-go-baa

Xtina!! wrote: »

Anyone any idea???

They'll mark you down once but will carry through your figure to see if you got they rest right, they'll give you the marks if you did, but for the final figure they may or may not accept your wrong one, they might only take the complete right on , depending on the marking scheme.

clairebearxx

EuropeanSon wrote: »

Those all agree with mine. If you got the numbers right they won't mark you down.

thats good! s**t so if i made a calculator error i'l lose more than normal without d calculator?:( thats not good

Eire-Dearg

EuropeanSon wrote: »

Nice to be thought of. I thought that was a nasty bitch of a paper, the first accounting exam I ever needed full time on. No guarantees these were correct, but they did all balance, so hopefully...

Q1. Capital Employed 1089180
Q6. Capital Employed 919180
Q7. Capital Employed 831160
Q9. Net Profit 280820

Major congrats if you managed to get an A1 in that paper, and this goes to everyone.

Gaga OhLaLa

mark.oc wrote: »

I got €1,086,980 and €919,180. Haven't a clue if they're right though.

I got 919180 for service too...

Anybody get 832060/832000 (I cant read my writing) for suspense?

Eire-Dearg

I think I was all in and around the figures being said, but don't know if I've hit them dead on. They certainly seem familiar though!

However, I didn't match any answers on any questions so obviously didn't get them right. Off by a whisker it seems!

drumlover22

I thought that was a grand, Q5 was easy and cash budget Q9 was grand. Sole trader is the easiest of them all on Q1

bobbyrae

has q8 (c) ever came up? a and b were simple im hoping the give hardly any marks for (c) cause i think i got zero! got the same balancing figure for suspense (831160) and for sole trader got (1088380 on the top and 1085680 on the bottom!) i just saw there that i did advertising wrong i put it over 12 months instead of 24! :S for service i didnt balance but got 952180 on the top! for 8 (a) (i) got 24100 and for (ii) got 47900 ..8 (b) got 26818.75
did anyone else get these ?

jfrmbray

Anyone care to explain what the error that has the piece of **** SEC in chaos?

Acc Rex

What is the answer for the supense theory? Error of omission/principle/commission etc aren't the answers.
Also how do you treat the dishonoured cheque in service firm? I entered it as a bad debt in P & L, and added it to bank overdraft

markanthonythom

bobbyrae wrote: »

has q8 (c) ever came up? a and b were simple im hoping the give hardly any marks for (c) cause i think i got zero! got the same balancing figure for suspense (831160) and for sole trader got (1088380 on the top and 1085680 on the bottom!) i just saw there that i did advertising wrong i put it over 12 months instead of 24! :S for service i didnt balance but got 952180 on the top! for 8 (a) (i) got 24100 and for (ii) got 47900 ..8 (b) got 26818.75
did anyone else get these ?

i got ur Q8 answers... nd the rest r posted up already

The___________

markanthonythom wrote: »

i got ur Q8 answers... nd the rest r posted up already

What was your answer for Q.8(c)ii?

Cian92

Acc Rex wrote: »

What is the answer for the supense theory? Error of omission/principle/commission etc aren't the answers.
Also how do you treat the dishonoured cheque in service firm? I entered it as a bad debt in P & L, and added it to bank overdraft

I couldn't remember so for one I said non-compensating errors. I reckoned it was worth a gamble;) could be wrong though too...

SantryRed

Q1 and Q7 worked out.
Q6 I was out but not by much.
Q9 I did the workings all out right but forgot to put the discount into the P and L! It's in the workings though.

Hoping for an A!

yesno1234

Can't remember what I got in any of them but I know my suspense was 300 off balancing, my service firm was about 70000 off and my sole trader was 15000 off. I can't see why anyone can complain with section one and two because everyone said that suspense and club/service were odds on to come up and they did. They had to male them hard questions considering they are two of the easier topics in section 2. Really wanted and needed an A1 in that but after getting none of them to balance and leaving out the very last part of the service firm question I can't see it happening unfortunately. The cash budget that came up was lovely though.

8888

Acc Rex wrote: »

What is the answer for the supense theory? Error of omission/principle/commission etc aren't the answers.
Also how do you treat the dishonoured cheque in service firm? I entered it as a bad debt in P & L, and added it to bank overdraft

what? error of omission/principle/commission wasn't the answers? oh god this just gets worse and worse, was looking for the A1 in that, oh well!

tracert

I think I got an NG and I'm afraid they won't ever let me count the money now.

yesno1234

Acc Rex wrote: »

What is the answer for the supense theory? Error of omission/principle/commission etc aren't the answers.
Also how do you treat the dishonoured cheque in service firm? I entered it as a bad debt in P & L, and added it to bank overdraft

Error of first entry was one of them think I just through some sorta ****e down for the others.

Ashashi

Acc Rex wrote: »

What is the answer for the supense theory? Error of omission/principle/commission etc aren't the answers.
Also how do you treat the dishonoured cheque in service firm? I entered it as a bad debt in P & L, and added it to bank overdraft

Oh, when did you get the marking scheme?

Acc Rex

8888 wrote: »

what? error of omission/principle/commission wasn't the answers? oh god this just gets worse and worse, was looking for the A1 in that, oh well!

yep it was confusing..control account theory was strange too

SantryRed

Yes they were the answer.

EuropeanSon

Ashashi wrote: »

Oh, when did you get the marking scheme?

He's right though, they weren't. It said "errors that affect the balancing of a Trial Balance" and none of those do.

Ashashi

SantryRed wrote: »

Yes they were the answer.

I wrote down an example of each as well, just to be safe.

The___________

Did anyone else do Q.8?? Any chance of an answer for (c)ii?

SantryRed

Well they do affect the trial balance because the figures are wrong in the TB. That's my line and I'm sticking to it

bobbyrae

The___________ wrote: »

Did anyone else do Q.8?? Any chance of an answer for (c)ii?

sorry i got all (c) wrong i think! has it ever came up cause i checked the exam papers and i havent seen it! (just c)

EuropeanSon

SantryRed wrote: »

Well they do affect the trial balance because the figures are wrong in the TB. That's my line and I'm sticking to it

Denial isn't worth any marks I'm afraid.:P
They don't stop it balancing, so they were wrong.

SantryRed

EuropeanSon wrote: »

Denial isn't worth any marks I'm afraid.:P
They don't stop it balancing, so they were wrong.

I know

Do you know what the answer is?

EuropeanSon

SantryRed wrote: »

I know

Do you know what the answer is?

Error of original entry is one, I'm not sure of the others. I just said calculation errors, and something else which I've forgotten. Nasty bit of a question.

Making It Bad

The cash flow and control in 60 mark section were piss easy! I never got why people do question 1.

EuropeanSon

Making It Bad wrote: »

The cash flow and control in 60 mark section were piss easy! I never got why people do question 1.

Less study.

newbridge23

Was der any closing stock in de cash budgetin question?????

flamboosh

Anyone else in one of the 16 schools that got the f*cked-up paper, or just me? :mad:

Apparantly 1,2,3,4,2,3,4,9,9 is a proper sequence of questions, if my paper was to be believed

leavingcert 2010

service firm was disgusting

and also sole trader wasnt too nice either

why are all the exams so hard this year

i studied loads for accounting, also even if u did all the exam papers for accounting, u still wouldnt be able to get that sole trader and service firm right(well it didnt help me anyway)

Ashashi

leavingcert 2010 wrote: »

service firm was disgusting

and also sole trader wasnt too nice either

why are all the exams so hard this year

i studied loads for accounting, also even if u did all the exam papers for accounting, u still wouldnt be able to get that sole trader and service firm right(well it didnt help me anyway)

Same with me, the Service was easier than the Sole, but still tough. I was getting negative depreciation for Service, and for a second I was like

"Can you make a profit from depreciation....." :pac:

Eire-Dearg

I bet they'll change the suspense theory marking scheme, a lot will have gone for the Error of Ommision etc. and it can be easily argued that while both Trial Balances are THE SAME it does still however affect the Trial Balance because it is INCORRECT......

.....hopefully.

LutherBlissett

Is it true that some schools received exam papers which were flawed?

RexMundi

What a shambles!

The amount of people in my exam hall completely freaking out when they realised that we had no Q5, 6, 7 or 8 was ridiculous! The exam commission is an absolute disgrace. Loads of people were depending on a good result on this and were thrown by the shambles of having to get the extra questions printed.

Saying that, it wasn't a bad paper at all. Pretty sure I did rather pleasantly!

pathway33

LutherBlissett wrote: »

Is it true that some schools received exam papers which were flawed?

yes. There were a few questions missing in 16 schools in dublin. The full set of questions were then emailed / faxed to the schools by the SEC

leavingcert 2010

Ashashi wrote: »

Same with me, the Service was easier than the Sole, but still tough. I was getting negative depreciation for Service, and for a second I was like

"Can you make a profit from depreciation....." :pac:

yeah those bloody mini vans, i kept getting minus, really anoying

and i was getting A1s the whole year,

sole trader was off by 850

and my service was off by 20000(minivans )

at least i got the cash budgeting right :cool:

LutherBlissett

Wow!

I presume the missing questions arrived at the schools before the exam begun?

SantryRed

There was only 1 mini bus. It was worth 50,000. The Accumulated Dep was 30,000. So it was worth 20,000.

You get depreciation off that for 6 months and depreciation off the new mini bus worth 42,000 for 6 months and add them together.

I think that's what you do anyways

RexMundi

LutherBlissett wrote: »

Wow!

I presume the missing questions arrived at the schools before the exam begun?

No.

They didn't know until we opened the papers and we hit up a ****storm.

Took like 20 minutes to get in the extra questions.

Was an absolute disgrace. I think I did grand to be honest but some people were completely thrown.

Ashashi

SantryRed wrote: »

There was only 1 mini bus. It was worth 50,000. The Accumulated Dep was 30,000. So it was worth 20,000.

You get depreciation off that for 6 months and depreciation off the new mini bus worth 42,000 for 6 months and add them together.

I think that's what you do anyways

There were 2 mini buses, there was one in the expenditure account, if I remember correctly.

Burswood

Ashashi wrote: »

Same with me, the Service was easier than the Sole, but still tough. I was getting negative depreciation for Service, and for a second I was like

"Can you make a profit from depreciation....." :pac:

Can anyone else vouch for this too? I was ending up with negative depreciation too... I was thinking that couldn't be right and just went with a different number...

SantryRed

Ashashi wrote: »

There were 2 mini buses, there was one in the expenditure account, if I remember correctly.

Yeah, that one was the new mini bus replacing the one worth 50,000 at the top of the Question. So at no time did they have two minibuses.

The___________

Sorry to ask again-but does anyone have an answer for Q.8(c)ii?

Stryderman

I think I got a loss of 8000 on the mini van, it was worth 15000 after depreciation and they received an allowance of 7000 so they lost 8000?

sheep-go-baa

Stryderman wrote: »

I think I got a loss of 8000 on the mini van, it was worth 15000 after depreciation and they received an allowance of 7000 so they lost 8000?

Same here! I chucked it in as an expense, still didn't balance though

CosmicLove

I was in one of the schools that got the dodgy paapers.
Didn't get the proper papaer until 20 to 3.
Got 15mins at the end, but didnt get q9 finished

Still our exam co-ordinator said it'll be taken into account in the marking scheme