Accounting Predictions 2012!

barbarians

The definitive thread! :P


Make your predictions/bitch about accounting here

I have about 5 days to study for accounting so here's hoping I can get all the course covered in those few days as well as the economics course which I have two days later :rolleyes:

What I think will come up:
Q1- Company Final Accounts

Q2- Revaluation
Q3- Tabular Statments
Q4- Service Firms

Q5- Interpretation
Q6- Suspense
Q7- Published

Q8- Stock Vakuation/Overhead Apportionment
Q9- Flexible Budgeting.

(Sorry I couldn't break the poll options into the separate sections, polls have a maximum of 25 options so had couldn't show the 60 mark and 100 mark questions separately.)

Spattersonox

Flexible Budgeting

I will be a happy camper if it is:
1.Company
6.Suspense
7.Service
9. straight forward Cash Budgeting

bobjimmy

Flexible Budgeting

Q8- Stock Vakuation/Overhead Apportionment
Q9- Flexible Budgeting.

A Flexible Budget Wont be coming up as a full question its seen as being too easy.
A Cash Budget will be on it its just what type. It could be like in 09 where its was mixed with a production budget. Its definatley not going to be straight forward anyway.

Id say a company A/C is almost guarenteed but again this is in no way going to be straight forward. For the 100 marks it hard to call, interpretation will be there and id say its between a Published, Cash Flow, Sevice/Farm, and Suspense or maybe Incomplete since it didnt come up as a 100 mark last year.

smithy77

Flexible Budgeting

I reckon:

Q.1) Sole Trader
Q.5) Ratios
Q.6) Suspense
Q.7) Incomplete
Q.8) Stock valuation/ Product costing
Q.9) Cash budgeting

I'm gonna study Sole Trader, Company A/C's, Ratios and costing in the 3-4 days I have before the exam:p

Sunny!!

Flexible Budgeting

I advise learning every single topic as they all have equal chance, and dont get caught out like me last year and be repeating!!, but heres what i think will be up:)

60's
- Reval
- Suspense
- Cashflow

100's
-Ratios
-Published
-Farm

80's
- Job Costing
- Budgeting(pro-forma)

smithy77

Flexible Budgeting

My teacher reckons the Costing (question 8) will be asked in parts not as a whole question like Stock Valuation + something else.

I did the 2012 pre, 2010 and 2007 question 8's earlier and they were grand, hope it comes up in the structure with Stock Valuation:p

ChemHickey

Incomplete Records

bobjimmy wrote: »

Q8- Stock Vakuation/Overhead Apportionment
Q9- Flexible Budgeting.

A Flexible Budget Wont be coming up as a full question its seen as being too easy.
A Cash Budget will be on it its just what type. It could be like in 09 where its was mixed with a production budget. Its definatley not going to be straight forward anyway.

Flexible is possible I think. they want to put on as much theory as possible and with a flexy, they'd get loads on!

My predictions are

Depreciation straight line
Suspense
Farm (60,s)

Ratios
Published
Cash flow
(100)

Flexible or normal budget.

Spattersonox

Flexible Budgeting

My teacher thinks that if they put company as Q1 then published won't be a 100 marker.. too much company? sheo could be chatting rubbish? I dunno

treely

Flexible Budgeting

Which imcomplete records do you reckon are more likely if they come up in Q6/7?

ChemHickey

Incomplete Records

Spattersonox wrote: »

My teacher thinks that if they put company as Q1 then published won't be a 100 marker.. too much company? sheo could be chatting rubbish? I dunno

I hope she is!! Published would be great as a 100! :L And I don't do q1 so it'd be annoying if that happens! I probably would rather Cash Flow 100 though tbh.... And suspense 100!

ChemHickey

Incomplete Records

treely wrote: »

Which imcomplete records do you reckon are more likely if they come up in Q6/7?

Control account one. The other method has been up last year and 2009.

smithy77

Flexible Budgeting

Incomplete Records (Forward) i think is the one

xclw

Marginal Costing

if this paper came up i think i would cry with happiness - especially since i'm repeating and accounting screwed me last year :P

Q1 - Company
Q5 - Ratios
Q6 - Cash Flow Forecasts
Q7 - Incompleter Records Forward
Q9 - Flexible Budgeting

that's just the paper i'd love to come up and would stand a chance of getting a B on




anyway is anyone else really worried that they'll do something like put departmental up for Q1 and not have ratios on the paper?

xclw

Marginal Costing

ok if i study this do you think i'll be ok?

Q1 - learning all 4 (not taking a risk )
Ratios
cash flow
published
incomplete
suspense
and either service firm/farm a/cs
and all the budgeting?

stapler10

Flexible Budgeting

My teacher said farm has never come up as a 100 mark question before, so here is hoping it stays that way, and as for departmental not a chance will that come up, if it were to come up there would have been some sort of indication by the department, would be farily **** if it did though

emmamurphy233

Incomplete Records

What do you guys think the B/C parts of interpretation will be?
I reckon shareholders and lowering gross profit percentage/advise the company.

My dream paper:
2. Revaluation
3. Farm
5. Shareholders
6. Published
7. Suspense
9. Flexible

God I'd cry with happiness.

smithy77

Flexible Budgeting

It'll be shareholders or debentures anyway.. Most years is shareholders and hopefully it is this year:D

treely

Flexible Budgeting

My dream paper:

Q1) Company
Q5)Interpretation
Q6)Service firm
Q7)Suspense
Q9)Flexible


Only problem would be that I wouldnt know which two of 5,6 and 7 to pick!

xclw

Marginal Costing

who else is planning on standing up and taking a bow halfway through the exam if they get their q1 out?

smithy77

Flexible Budgeting

haha if my Q.1 balances i'll cry with joy:D

imelle

Marginal Costing

i'd love company to come up as Q1, i hope they don't put some nasty workings on though..

smithy77

Flexible Budgeting

Yeah company account would be better.. I have a sneaky feeling they'll bring up Sole Trader though

insua

Flexible Budgeting

I'd say

Q2 Revaluation
Q3 Cash Flow Statement
Q4 Farm Account

Q5 interpretation
Q6 Suspense
Q7 Service Firm

Q8 Product Costing/ Fifo/ Job Costing
Q9 Cash Budget ( with production )

study2012

so wait no one thinks that cash flow statements are going to come up??????? in section 2.
noooooo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

ChemHickey

Incomplete Records

study2012 wrote: »

so wait no one thinks that cash flow statements are going to come up??????? in section 2.
noooooo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Ya they could! It'd be more likely as a 60 though I think.

Sunny!!

Flexible Budgeting

ChemHickey wrote: »

Ya they could! It'd be more likely as a 60 though I think.

was it not a 60 in 2010? correct me if im wrong

study2012

hey guys farm accounts were never asked as 100 marker so would that not make it impossible for it to be up this year!!!!!
i srsly think this is going to be the paper
q1companyac
q567 ratios cashflow and suspense
q.9 cash budgeting or flexible
i would love that paper
i hope it does come up

ChemHickey

Incomplete Records

Sunny!! wrote: »

ChemHickey wrote: »

Ya they could! It'd be more likely as a 60 though I think.

was it not a 60 in 2010? correct me if im wrong

It was, but they probably will wait another year or two before putting up a 100 again. I'd love it to be a 100! Lets hope it will be!