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Accounting LCHL

  • 02-04-2012 9:27am
    #1
    TheGunns
    Registered Users, Registered Users 2 Posts: 1,571 ✭✭✭


    Hey, was wondering if anyone if doing accounting?
    or if anyone could offer me some advice

    I missed Q5(interpretation) and I decided not to do it at all. Is there any downside to not doing it? As I'll have to learn all the topics for Q6 and 7 anyway so I saw it as unnecessary. Anyone see a downside to this?


Comments

  • #2
    ChemHickey
    Closed Accounts Posts: 3,479 ✭✭✭ChemHickey


    I don't see any major downsides to it. I possibly mightn't do it on the day... I'll be glancing over the formulas a few times from now until June but the ratios don't appear anywhere else on the paper ( except in incomplete records but thats only a few of them!) But, if you're like me, you'll be doing Q's 2/3/4 so you'll have to revise everything anyway so there is not much bother learing the 100 parts of them aswlell! The only downside is that there is a possibility of some weird new adjustments appearing in just say Cash Flow (:eek: my pet hate) or a different unseen note in Published.

    What im more worried about is the possibility of a 100 marker reval or depreciation as my teacher said she didn't know if it would allowed but anythin is possible with the new unpredictable aspect.


  • #3
    angela1711
    Registered Users, Registered Users 2 Posts: 470 ✭✭angela1711


    I think that you will be much safer if you do learn ratios as they come up every year and as ChemHickey said there is always a possibility of some weird adjustments appearing.


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