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Accounting

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  • 11-06-2002 9:18pm
    #1
    dave_l
    Closed Accounts Posts: 44 ✭


    Has anybody got any tips for the Accounting exam on Thursday?

    I've left a lot of revision for the subject till the last minute so any ideas as to what is due to come up / general revison hints would be much appreciated.


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    #2
    cournioni
    Moderators, Regional North East Moderators Posts: 12,739 Mod ✭✭✭✭cournioni


    I haven't done a thing in Accounting for the past two months since we got our new "teacher". Whom we didn't learn a thing off. And to think I put down Accounting as one of my college courses! *shakes head* :mad:

    I went looking for a revision book for ordinary level today (cos lets face it I won't pass higher) and I couldn't find any anywhere. There doesn't seem to be anything on the internet to help me either. So any tips on starting from scratch?


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    #3
    PiE
    Registered Users Posts: 5,538 ✭✭✭PiE


    I too would be much appreciative of aforementioned tips :]


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    #4
    Paulj
    Registered Users Posts: 326 ✭✭Paulj


    Ok....here's the tips our teacher gave us. These are higher level by the way:

    Q1 Sole Trader/Company

    *Debtors/Creditor Control (60 mark question)
    Depreciation (60 mark)
    Club/Farm a/c (60 mark ??)

    Published a/c
    *Interpretatoin of a/c
    Correction of errors

    Last section:
    *Product Costing
    Flexible/cash budget

    I know there's still a lot there but it cuts it down a fair bit. Thats all im covering anyway. The interpretation seems to come up every year. Dont bother doing Correction of errors (ie suspense a/c) unless you understand the whole double entry thing well. I'll probably be doing a Q1...i've heard they might be makin em easier cos hardly no one has been doing them lately. If your doing published make sure u know the notes...they're very handy marks.


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