[sukhys]

Unit 4 January 2012 mark scheme uploaded enjoy

[martyg1993]

Anybody got predictions for revision for the 18th of June ACCN4 paper? Thanks

[sukhys]

(Original post by martyg1993)
Anybody got predictions for revision for the 18th of June ACCN4 paper? Thanks

Absorption costing will defo be on there wasnt on jan 12
ABC might be there
Budgets - production most likely.

has anyone got Jan 12 examiners report??

[A.A.T.]

Report on the Examination – General Certificate of Education (A-level) Accounting – ACCN4 –
January 2012

[sukhys]

(Original post by A.A.T.)
Report on the Examination – General Certificate of Education (A-level) Accounting – ACCN4 –
January 2012

thank you for uploading it, after reading it i still think absorption and ABC will come up and instead of a production budget i reckon a labour will come up again. also i think variances will be there this time sales variances, and calculating provision for unrealised profit will be on there instead of a manufacturing account. but who knows these are my guesses.

why the negs???

[A.A.T.]

Absorption costing
Q13.5 Page 327 Osborne Book Solution


(d) Depending on the method and type of production, the company is most likely to use overhead absorption rates based on direct labour hours, or machine hours.

The OAR selected may vary from one department to another, depending on whether departments are labour-intensive or machine-intensive. The labour hour rate is a popular method because overheads are absorbed on a time basis. However, the machine hour is particularly appropriate where expensive machinery is used in a department.

[A.A.T.]

(Original post by sukhys)
thank you for uploading it, after reading it i still think absorption and ABC will come up and instead of a production budget i reckon a labour will come up again. also i think variances will be there this time sales variances, and calculating provision for unrealised profit will be on there instead of a manufacturing account. but who knows these are my guesses.

I would ensure you are familiar with the whole specification as more of it is being examined now rather than just 3/4 topics.

[MrPhilo]

(Original post by A.A.T.)
I would ensure you are familiar with the whole specification as more of it is being examined now rather than just 3/4 topics.

What do you think is gonna be on this paper tomorrow?

[timeplayer]

Feeling quite happy about this paper i think its more based on working out figure rather then the representation of information just how i like it. Are these all the major topic or am i missing some:-
1) Budgeting- Normal, purchase, sales, productions, labour unlikely (Payable/receivable)
2) Capital Investment - NPV,PAYBACK & DISCOUNTED PAYBACK
3) Break even and decision making techniques
4) Manufacturing accounts & unrealized profits
5) Marginal Absorption and abc costing: Knowing how to absorb and attribute cost to cost center. + knowing the advantages disadvantages to come each of the cost methods. No need to show practice of AB Costing as only understanding of it.
6)Standard costing and Variance
Plus quite a few marks on written questions?

I feel quite confident about this paper but need at least an A on this after a very difficult retake on accn3 with the 30 mark question. I have 2B for Accn1/2
What are your thoughts about tomorrows paper and if i have missed anything major out of my list can u tell me?

[sukhys]

(Original post by timeplayer)
Feeling quite happy about this paper i think its more based on working out figure rather then the representation of information just how i like it. Are these all the major topic or am i missing some:-
1) Budgeting- Normal, purchase, sales, productions, labour unlikely (Payable/receivable)
2) Capital Investment - NPV,PAYBACK & DISCOUNTED PAYBACK
3) Break even and decision making techniques
4) Manufacturing accounts & unrealized profits
5) Marginal Absorption and abc costing: Knowing how to absorb and attribute cost to cost center. + knowing the advantages disadvantages to come each of the cost methods. No need to show practice of AB Costing as only understanding of it.
6)Standard costing and Variance
Plus quite a few marks on written questions?

I feel quite confident about this paper but need at least an A on this after a very difficult retake on accn3 with the 30 mark question. I have 2B for Accn1/2
What are your thoughts about tomorrows paper and if i have missed anything major out of my list can u tell me?

the words that i have bolded do not make sense as you cannot get discounted payback as far as i know for this unit. also what do you mean by "normal"
otherwise you have not missed out any topics except social accounting.

[timeplayer]

Discounted payback is in this topic is where you have to work out payback in terms of NPV. Normal i mean the cash budget:-

Inflows
outflows
net
+open
=closing

[timeplayer]

Most problematic topic for me is apportioned to cost center with the additions for example floor space or number of employees. And written questions... Apart from that i feel quite up for this.

[iStan]

Guys do you know what's going to come up in the exam tomorrow? I'm here having panic attacks just thinking about it

Any predictions guys?

[LukeDray]

how do you lot think it went?

[Captivity of negativity]

(Original post by LukeDray)
how do you lot think it went?

yh the paper was easy at start end was hard .

labour rate was negative
labour efficency positive

selling price £94.783
fixed over heads 17.33/4.20

60kof the last product 100k second prodcut 40k of 1st product

[sukhys]

(Original post by Captivity of negativity)
yh the paper was easy at start end was hard .

labour rate was negative
labour efficency positive

selling price £94.783
fixed over heads 17.33/4.20

60kof the last product 100k second prodcut 40k of 1st product

both variances were negative, i agree it was a hard paper. http://www.thestudentroom.co.uk/show...029455&page=11
comment on this thread alot more people on there

[frandubking]

(Original post by A.A.T.)
Revision discussion thread - Accounting (AQA) Unit ACCN4 - 30 January 2012

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.



June 2011 ACCN4 paper topics are as follows:

- Calculate inventory net of factory profit.
- IAS 2 - Inventories
- Overhead absorption rate
- Calculate selling price
- Limitations of absorption costing
- Expected contribution and expected profit statement
- Variance analysis (direct materials and direct labour)
- Variance analysis (sales price and sales volume sub-variances)
- Statement reconciling actual profi t with budgeted profit
- Effectiveness of using variance analysis to evaluate the performance of
a business
- Production budget
- Costing decision: Make or Buy - Financial implicaitons.
- Investment appraisal - calculate net present value
- Decision making - element of social accounting

POST EXAM

Exam Paper is here

Hi mate , what is a good revision guide to purchase for AS/A2 as I am self teaching it myself and just need something to learn from.
cheers fran