Revision thread - Accounting (AQA) Unit ACCN1 - 10 January 2012 (pm)

A.A.T.

Discussion now open:

Feel free to comment on:
a. prediction of exam topics.
b. areas of the syllabus which is new (e.g. IAS) or you are unfamiliar with.
c. summary of accounting key skills to this module.
d. requesting solutions to any text book or exam past paper.

I will provide Accounting help to you by replying to your comments you post here or if more appropriate with a PM.

Enjoy and let the discussion commence.
A.A.T.

Summary of All Accounting Exams for OCR and AQA: (Both boards on the same day this session)
http://store.aqa.org.uk/admin/t_table_pdf/AQA-TT-GCE-JAN12.PDF

Accounting (AQA board)
ACCN1 10 January 2012 pm 1.5 hours
ACCN2 16 January 2012 am 1.5 hours
ACCN3 26 January 2012 pm 2 hrs
ACCN4 30 January 2012 pm 2 hrs

http://www.ocr.org.uk/download/admin/ocr_55545_admin_gce_jan_2012_exam_timetable.pdf

Accounting (OCR board)
F011 Accounting Principles 1 h Tue 10 Jan. pm
F012 Accounting Applications 2 h Mon 16 Jan. am
F013 Company Accounts and Interpretation 1 h 30 min Thu 26 Jan. pm
F014 Management Accounting 2 h Mon 30 Jan. pm

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Reply 1

Henwin

Is there a list of specific things I will need to know that I can work through?

It's difficult for me to know where I'm going without a detailed list I can pretty much check off as I go through.

Reply 2

Skaterkid

Awkwardly waiting to fail this exam.

Reply 3

sukhys

theres the specification itself if you want to use http://web.aqa.org.uk/qual/gce/business/accounting_materials.php?id=05&prev=05

Reply 4

A.A.T.

Original post by sukhys

theres the specification itself if you want to use http://web.aqa.org.uk/qual/gce/business/accounting_materials.php?id=05&prev=05

Direct link: http://web.aqa.org.uk/qual/gce/pdf/AQA-2120-W-SP.PDF

Reply 5

afzal123

hey, am doing the aqa unit 1 exam in jan. Anyone got any usefull revision notes for unit 1? i've done all the past papers... :smile:

Reply 6

YoungCastro93

has anyone got 2011 unit 1 markscheme. I have the paper

Reply 7

sukhys

i have got the january 2011 mark scheme electronic and the may mark scheme but not electronic.

Reply 8

Henwin

I had a question on stakeholders in my mock - are the owner and the bank the only stakeholders I could be asked about?

Reply 9

A.A.T.

Original post by Henwin

I had a question on stakeholders in my mock - are the owner and the bank the only stakeholders I could be asked about?

As well as the owners there are many other interested parties (known as stakeholders) [Key term].

These include:
Lenders/potential investors (e.g. banks, entrepreneurs)
Suppliers (cash and creditors)
Customers (cash and debtors)
Government (local and national)
Employees or Trade unions of employees
Competitors
Local community
Pressure groups e.g. Trade unions

What interest may they have?
Lenders/Bank: to ensure that they are repaid amounts due.
Potential Investors: to check whether the business is worth investing in.
Suppliers: to check that they will be paid amounts due.
Customers: to check that they will be supplied with orders made.
Government: to confirm the amount of taxes due.
Trade Unions: to ensure that Mark is offering his employees good terms and conditions.
Competitors: to compare the performance of their business against Mark’s.
Local Community: to provide jobs in the local area.

Reply 10

yosc

I reckon cash book should come up this time, hopefully anyway=]

Reply 11

omgg

ahaha lets hope your guess is right then, cash books are easy.
the past exam question on Bank Reconciliation statements are not! :/

Reply 12

yosc

Original post by omgg

ahaha lets hope your guess is right then, cash books are easy.
the past exam question on Bank Reconciliation statements are not! :/

when you get used with the layout, they are pretty much the same=]
hope this is going to be a really nice paper=]

Reply 13

omgg

i can do the questions in the book, but when it comes to exam questions... im totally blown away! aha, when is accounting ever nice? ;P
as someone said above^ im just awkwardly waiting to fail this exam too
theres a whole bunch of things that confuse the heck outta me, with only a week left till the exam, i have no hope left!

Reply 14

OakleyReef

iahgdfjsghsjkfdgsdfgusdfg so scared for this exam.

Reply 15

omgg

i totally get what your going through! i feel the exact same ://

Reply 16

tom689

any rough ideas on what might come up because of the recent papers?
btw will the grade boundaries stay the same as always even if the paper is hard?

Reply 17

afzal123

For anyone doing the AQA ACCN1 paper on 10th January 2012, post your predictions as to what could come up on the paper.Based on previous papers such as the June 2011 paper and January 2011 paper, please state what topic could arise.
Thanks and good luck!! :tongue:

Reply 18

OakleyReef

Pray to God there's an income statement and balance sheet and a few definitions
i can get all my marks from there and feel pretty confident i'll get a c+

Reply 19

omgg

Original post by tom689

any rough ideas on what might come up because of the recent papers?
btw will the grade boundaries stay the same as always even if the paper is hard?

trading and profit and loss account may come up, because it always does.
urgh grade boundaries are soo high! but if everyone does badly then they do lower it