!! Accounting 2015 - predictions, guesses, discussions, head-scratching ...

Barry1000

Trading, profit and loss account a definite?

tcofla

johnh100 wrote: »

Can someone help me out how to get this dividend figure for cash flow 2012 Q7?

800000x0.05=40000??

Luke Armstrong

MmmPancakes wrote: »

Perfect exam for me is Company, Shareholder Interpretation, Club, Job Costing.

How come everyone seems to avoid Interpretation if it comes up every year?

Because there's so much writing involved and it's quite hard to get full marks in

Scirpt

Anyone know what to do here? It's a company final account question one 2007 HL paper. http://gyazo.com/8e2909fe8f7735713bf14aab56676d35

MmmPancakes

Scirpt wrote: »

Anyone know what to do here? It's a company final account question one 2007 HL paper. http://gyazo.com/8e2909fe8f7735713bf14aab56676d35

Check how many months interim dividends is for. Then multiply pref. shares by the % and by (number of months interim dividends/12). This gives preference dividend paid. To find pref div due, take this from pref shares x %.

Take pref div paid from interim dividends, this gives ordinary dividends paid.

Multiply ordinary shares by 11% (it's in the adjustment.. 11p), then take the ordinary dividends paid from this to get ordinary dividends due.

Luke Armstrong

How do you get closing stock of finished goods and raw materials in part (d) of 2013 cash budget?

LauraKc

What is everyone doing about ruled paper? I know they give you ruled paper but my teacher said its ruled for junior cert and is pretty much useless. In class we rule it ourselves but I need the time in the exam. Would I be allowed to rule some paper beforehand?

MmmPancakes

LauraKc wrote: »

What is everyone doing about ruled paper? I know they give you ruled paper but my teacher said its ruled for junior cert and is pretty much useless. In class we rule it ourselves but I need the time in the exam. Would I be allowed to rule some paper beforehand?

Avoiding tabular if I can so I don't need to rule out anything :pac:

DarraghF197

LauraKc wrote: »

What is everyone doing about ruled paper? I know they give you ruled paper but my teacher said its ruled for junior cert and is pretty much useless. In class we rule it ourselves but I need the time in the exam. Would I be allowed to rule some paper beforehand?

We got the Accounting papers for the mocks and they were an absolute nuisance. It was just random lines that got in the way and you had to make new lines for each page on top of the already ruled ones. Didn't help with the tabs either, not enough lines IIRC.

I would advise asking for a normal handout, and just spend that one minute ruling things out.

Seanb96cbc

Does anyone else put the bank on the top section of a tabular statement as a minus? I find it so much easier but am worried if the corrector doesnt realise what I've done I won't get the marks...

MmmPancakes

For manufacturing accounts, where does profit in the disposal account go? I know loss goes in FO, but if it was a normal company it would be S&D. Does profit go somewhere else too?

sarah_97

Who ever is relying on the tab coming up for a section 2 q, don't be surprised if it actually comes up in section 1

theRB

MmmPancakes wrote: »

For manufacturing accounts, where does profit in the disposal account go? I know loss goes in FO, but if it was a normal company it would be S&D. Does profit go somewhere else too?

You treat it the same way you treat the sale of scrap machinery.

MmmPancakes

theRB wrote: »

You treat it the same way you treat the sale of scrap machinery.

Take it away at the end?

theRB

MmmPancakes wrote: »

Take it away at the end?

Yep.

Scirpt

MmmPancakes wrote: »

Check how many months interim dividends is for. Then multiply pref. shares by the % and by (number of months interim dividends/12). This gives preference dividend paid. To find pref div due, take this from pref shares x %.

Take pref div paid from interim dividends, this gives ordinary dividends paid.

Multiply ordinary shares by 11% (it's in the adjustment.. 11p), then take the ordinary dividends paid from this to get ordinary dividends due.

Hmmm I can't seem to get the answers they're getting with this method. Any chance you could show me the workings?

MmmPancakes

Scirpt wrote: »

Hmmm I can't seem to get the answers they're getting with this method. Any chance you could show me the workings?

http://prntscr.com/7go386

Scirpt

MmmPancakes wrote: »

http://prntscr.com/7go386

Thanks a lot

Anonymagician

Seanb96cbc wrote: »

Does anyone else put the bank on the top section of a tabular statement as a minus? I find it so much easier but am worried if the corrector doesnt realise what I've done I won't get the marks...

I do and so do all my class because we are taught that way. My teacher has triple checked it with everyone possible and it's totally acceptable.

Seanb96cbc

Anonymagician wrote: »

I do and so do all my class because we are taught that way. My teacher has triple checked it with everyone possible and it's totally acceptable.

Perfect, cheers

Scirpt

Anyone know how to find the Fixed Overheads depreciation in Cash Budgets? e.g. 2012 HL.

Edit - Never mind, I got it.

Levvitu

Hey if anyone is looking for accounting theory (i know it's last minute but hey, better late than never) i've typed out the theory for each topic, PM me if you want a link! (it's missing some stuff from Q9, and i haven't done Q1 and Q5 but everything else is there)

Jason_H

Hey guys, so I'm not going near ratios (never have, never will), but I'm not looking at cash flow, published or suspense for the 100 markers... Am I taking too much a risk, especially with cash flow? I'm doing Club, both incompletes, tabular and farm... And I could do Service if I have to...

Luke Armstrong

Jason_H wrote: »

Hey guys, so I'm not going near ratios (never have, never will), but I'm not looking at cash flow, published or suspense for the 100 markers... Am I taking too much a risk, especially with cash flow? I'm doing Club, both incompletes, tabular and farm... And I could do Service if I have to...

Some risks are worth taking

STEEL COMET

Any chance to they could mix up cash budgets with flexible or production in Q9?

Luke Armstrong

STEEL COMET wrote: »

Any chance to they could mix up cash budgets with flexible or production in Q9?

They do some years yeah

Scirpt

I'm trying to study Manufacturing but there's just too much in them. Think I'm going to have to just risk it and rely on Company coming up.

Blue giant

Scirpt wrote: »

I'm trying to study Manufacturing but there's just too much in them. Think I'm going to have to just risk it and rely on Company coming up.

Aren't they practically the same apart from the manufacturing account? What are you struggling with?

Scirpt

Blue giant wrote: »

Aren't they practically the same apart from the manufacturing account? What are you struggling with?

Trying to remember the manufacturing account, the different workings and where all of the manufacturing related workings go in the TPL and B/S.

Jamies15

Anyone know what the return on risk free investments is?