ex-accg310ers SPECIFICALLY PB AND REDRUM (1 Viewer)

[*hopeful*]

PB AND REDRUM and other ex-accg310ers

does anyone remember what kind of theory question was in their exam ? yes i've searched older threads but no-one said....any other hints?

pb and redrum were the only 2 posting in the old thread hence the title

 

[redruM]

Re: PB AND REDRUM and other ex-accg310ers

does anyone remember what kind of theory question was in their exam ? yes i've searched older threads but no-one said....any other hints?

pb and redrum were the only 2 posting in the old thread hence the title

My memory loss is permanent me thinks. I can't remember.

What I can remember from my exam:
- Direct Minority Interest consolidation (No Indirect Minority)
- Business Acquisition
- Consolidated cash-flows - easy marks here if you understood cashflows from 1B (using T-accounts)
- Tax worksheet
- I really cannot remember any theory, sorry. (I'm sure there was some in the exam, but I can't remember)

 

[pb]

Re: PB AND REDRUM and other ex-accg310ers

oh i feel special lol

anyhooz.. for theory relating to the thin green book, there was like one question that was i think 3 marks... and the assignment really helped for it. i don't remember any other theory :s. i think there were stuff like "list and outline" kinda stuff, but not a lot. it was mostly calculating and journal entries.
but oooh consolidation was a bigbig part of it so know it well!

 

[redruM]

Re: PB AND REDRUM and other ex-accg310ers

Yeah consolidation was 33 marks and cash flows was 16 marks.

 

[*hopeful*]

Re: PB AND REDRUM and other ex-accg310ers

^was it like a normal cash flow or something extremely whack ?

i cant do equity accounting for shit and i get my miniority interests confuzzled sometimes..

 

[redruM]

Re: PB AND REDRUM and other ex-accg310ers

It was a normal CONSOLIDATED cash flow. From other peoples opinions they were saying it was straight forward.
edit: you ahve to know the T-accounts method.

 

[*hopeful*]

Re: PB AND REDRUM and other ex-accg310ers

lol yes thats what i meant, thanx dude

 

[The_Adonis]

So how did we all go today...

I had nfi for IMI and unfortunately couldnt bs much for the CF theory,
overall though, im glad its over.

 

[*hopeful*]

im so glad it was first out of the way

umm it was alrite, no suprises...i still think i went bad though :/

 

[n00dl3~danc3r]

It is good its done. Some questions were almost identical to the test Q's.

Buuuut, the theory question was crazy, i had no idea what it meant. Also my cashflow didn't balance . . . meh

 

[*hopeful*]

YEAH THE first 2 questions were straight from the shitty first test

the theory question was like something from accg101, u could easily bs it

my cashflow didnt balance the first time but thats cause i forgot something, ah well at least i know i'll get 12 marks if nothing else

 

[robbie^^]

im so frustrated with this morning's exam, coz i did really bad which i thought i could get through the eaxm easily. damn, the cosolidation questions killed me, i lost the whole 10 marks for the first one, i know it was exactly from the example of the notes , however, i didnt look at it since i thought its too hard to turn up in final.(cryingggggggggggg) also did not gud on the other two question. the theory question pissed me off aswell, lost another 10 marks. now im at the cliff, praying i can pass it.

 

[The_Adonis]

the 10 mark consolidation, wasnt that just accounting the unrealised profit from the sale of the machine, and also accounting for depreciation?

 

[redruM]

im so frustrated with this morning's exam, coz i did really bad which i thought i could get through the eaxm easily. damn, the cosolidation questions killed me, i lost the whole 10 marks for the first one, i know it was exactly from the example of the notes , however, i didnt look at it since i thought its too hard to turn up in final.(cryingggggggggggg) also did not gud on the other two question. the theory question pissed me off aswell, lost another 10 marks. now im at the cliff, praying i can pass it.

Are you serious? umm...a lot of the stuff you learn before this is used to build your knowledge to be able to deal with consolidation (tax effect accounting, business acquisition). And what about the fact that it was like 3 (or 4) lectures?

 

[*hopeful*]

yeh too hard? i thought u meant theres no chance of the same question coming up

Yeh adonis, just the purchase, unrealised profit, ca/excess dep bs...

hmm i should put is some proper info about the exam while i remember, for future peepz, maybe even me again

Q1- share captial, alloting shares etc etc. inclass test 1 q1 (10marks)
Q2- record depreciation and impairment test based on value in use amount and ca. inclass test q2
Q3-mini consolidation worksheet. sale of plant to subsidiary with depreciation and all that crap
Q4- Huge consolidation worksheet, 25 marks ?
Q5- imi question ?
Q6- Cashflow statement, straightforward, reconstruction method (12 marks)
Q7- Equity accounting qstn, nothing too special
Q8- Theory qstn, basically talk about nature and function of conceptual framework (10 marks)

umm correct me if im wrong and yeh i cant remember anything else

 

[redruM]

Apparently the cashflow was exactly the same as the tute, except they changed the name of the company.

 

[*hopeful*]

Apparently the cashflow was exactly the same as the tute, except they changed the name of the company.

False, your friends lie.

 

[H?]

False, your friends lie.

That was the only question I'm sure i got right.

 

[*hopeful*]

^yeh same

 

[The_Adonis]

Yeah I stuffed it didn't get it to balance, because I stuffed up a figure in 2 accounts, but overall that shouldnt punish me too many marks surely. Should be ok though. I think I got through it, not expecting much but felt good after the exam, not a Failing feeling...