Accounting

radiospan

There's not much Accounting talk going on here.

A few weeks ago I was thinking of preparing for a Company or Sole Trader question, but I'll stick with the two 60 markers.

Here's my prediction anyway:

Section A
Company or Sole Trader
Control Accounts
Revaluation
Farm Accounts

Section B
Interpretation
Suspense and Corrrection of Errors
Incomplete Records
(maybe Cash Flow?)

Section C
CVP / Marginal
(I'll prepare Flexible as well)

imp

Control accounts and Revaluation are a joke. Incomplete Records and Suspense/Correction of errors are harder but still quite easy. And Management Accounting... you could drink a full bottle of Night Nurse and still ace the section.

Those predictions look pretty good, actually, judging from past years and what the teachers have been saying.

That said, I'm gonna leave myself some room for maneuvering, I'll be prepared for just about anything ('cept maybe Interpretation... too many formuale...)

}:>

Sev

Yeah, Im going to completely forget about Q1, I think its definitely a good idea at this stage if you arent prepared for it. I'll be hoping for a bit of cashflow myself, published accounts, club accounts, suspense, tabular statements would be nice, incomplete records maybe, and flexible budgeting and marginal costing would be just swell.

Sev

You cant beat revaluation/depreciation too, some of that would be nice.

radiospan

Funny how everyone avoids Interpretation.

The only gauranteed question, and just a few formula to learn.
The report you must do is a bit dodgy, alright.

Sev

Yeh, very dodgy. It's my emergency question. Also, dont forget to study the verbal answer questions, like, why are cash flows prepared, or what is the purpose of budgeting?