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Accounting Leaving Cert.

  • 02-07-2012 12:48pm
    #1
    Banned (with Prison Access) Posts: 531 ✭✭✭


    OK So just wanna know how easy is Leaving Cert Accounting Higher Level and what it mainly contains.


Comments

  • Registered Users, Registered Users 2 Posts: 164 ✭✭Mr.Fun


    vague question "what it mainly contains"


  • Registered Users Posts: 35 noname123


    fontdor wrote: »
    OK So just wanna know how easy is Leaving Cert Accounting Higher Level and what it mainly contains.

    Your question is a bit vague as Mr. Fun pointed out. I'll try anyway.

    I did accounting outside of school and found it manageable. All it requires is PRACTICE, PRACTICE, PRACTICE, and it can become very handy. The theory is small and can be contained in about 10 pages.

    However, it can be extremely difficult if you do not grasp the idea of double-entry book keeping. It is also difficult to complete a paper if you do not do all the topics.

    It is probably necessary to have done Junior Cert. business at higher level, but as you will see below, a lot of the topics are new.

    The syllabus can be found here - http://accounting.slss.ie/resources/c/2092/ACCOUNting%20syl.pdf

    The exam is divided into three sections;
    Section 1
    Q1 is a big long Trading Profit and Loss account
    (A lot more detailed than Junior Cert.)
    or do 2 from Q2,3,4
    These are usually short versions of things that come up in section 2
    but can be other things like Depreciation, Revaluation and Debtors'/Creditors' Control Accoount

    Section 2 - 3Q's, do 2
    Q5 - Usually ratio analysis
    Q6/7 - Quite unpredictable
    (2 from Club, Service, Farm, Cash Flow(Not in J.C.), Suspense(Not in J.C.), Published (Not in J.C.), Incomplete (Not in J.C.))

    Section 3 - 2Q's, do 1
    Q8 - Product Costing, Absorption and Marginal Costing, etc.
    (This is looking at how firms could figure out the cost and price of goods)
    Q9 - Cash Flow Forecast (Similar to the J.C., except you draw it out), Manufacturing (Not in J.C.), Flexible (Not in J.C.)
    (This is looking at the different types of budgets firms prepare for analysis)

    Hope that was of help :)


  • Banned (with Prison Access) Posts: 531 ✭✭✭fontdor


    noname123 wrote: »
    Your question is a bit vague as Mr. Fun pointed out. I'll try anyway.

    I did accounting outside of school and found it manageable. All it requires is PRACTICE, PRACTICE, PRACTICE, and it can become very handy. The theory is small and can be contained in about 10 pages.

    However, it can be extremely difficult if you do not grasp the idea of double-entry book keeping. It is also difficult to complete a paper if you do not do all the topics.

    It is probabably necessary to have done Junior Cert. business at higher level, but as you will see below, a lot of the topics are new.

    The syllabus can be found here - http://accounting.slss.ie/resources/c/2092/ACCOUNting%20syl.pdf

    The exam is divided into three sections;
    Section 1
    Q1 is a big long Trading Profit and Loss account
    (A lot more detailed than Junior Cert.)
    or do 2 from Q2,3,4
    These are usually short versions of things that come up in section 2
    but can be other things like Depreciation, Revaluation and Debtors'/Creditors' Control Accoount

    Section 2 - 3Q's, do 2
    Q5 - Usually ratio analysis
    Q6/7 - Quite unpredictable
    (2 from Club, Service, Farm, Cash Flow(Not in J.C.), Suspense(Not in J.C.), Published (Not in J.C.), Incomplete (Not in J.C.))

    Section 3 - 2Q's, do 1
    Q8 - Product Costing, Absorption and Marginal Costing, etc.
    (This is looking at how firms could figure out the cost and price of goods)
    Q9 - Cash Flow Forecast (Similar to the J.C., except you draw it out), Manufacturing (Not in J.C.), Flexible (Not in J.C.)
    (This is looking at the different types of budgets firms prepare for analysis)

    Hope that was of help :)

    Excellent help thank you very much!


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