[omgg]

trading and profit and loss account most likely is going to come up.

[afzal123]

hey, ive done all the past papers for Accounting unit 1. Is their any website which just has random questions on stuff like cash book, control accounts, trading and profit and loss account? Really appreciate it if someone can give me a website with questions related to unit 1.
Thanks

[afzal123]

yh. Ive done a lot of them actually. What else do you reckon will come up. I think their will be suspense accounts, which am not so good at. LOL

[JLXP]

I suck at suspense accounts :'(

[omgg]

not that i know of, do the questions in the textbook again

[omgg]

i HATE suspense accounts, they came up in 2010, i dont think thier going to come up this year, hopefully (YN)

[Henwin]

(Original post by A.A.T.)
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.

Where did this information come from?

[afzal123]

lol yh. i think i'll be concentrating on trading and profit and loss account + balance sheet, Control accounts, memorandum, suspense account and cash books.

[sukhys]

(Original post by afzal123)
hey, ive done all the past papers for Accounting unit 1. Is their any website which just has random questions on stuff like cash book, control accounts, trading and profit and loss account? Really appreciate it if someone can give me a website with questions related to unit 1.
Thanks

http://www.osbornebooks.co.uk/quiz/s...AQA%202nd%20ed

this book is excellent and the website, im using the A2 book for unit 3

[brrittt]

hi, does anyone know anything about the changes in terminology to the international accounting standards? i have only found out, just a week before my exam

[sukhys]

Guys i have the may 2011 paper electronically i can upload it if you want. btw im not even resitting unit 1.

[ilovefruitloops]

i think suspense accounts are the trickiest topic in unit 1. i'm going to need to read over the theory notes too. they're quite annoying.

[ilovefruitloops]

are we allowed to discuss the paper on this thread straight after the exam?

[omgg]

(Original post by ilovefruitloops)
are we allowed to discuss the paper on this thread straight after the exam?

yeah we're allowed to discuss the paper on here after we have done it

[dan94adibi]

does anyone have accounting june 2011 mark scheme. I have the exam paper but not the MS.
If you do please send it to me.
Thank you

[dan94adibi]

does anyone have June 2011 mark scheme. I can't find it.

[dhillon]

(Original post by sukhys)
Guys i have the may 2011 paper electronically i can upload it if you want. btw im not even resitting unit 1.

Yes please upload it! thanks

[sukhys]

(Original post by dhillon)
Yes please upload it! thanks

enjoy

[dhillon]

(Original post by sukhys)
enjoy

cheers mate, would you happen to have the mark shceme with it?

[sukhys]

no i have the report though