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A2 AQA Accounting Unit 3 (ACCN3) 8th June 2015

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Hi, anyone knows how many marks in task 4: source of finance. I forgot turn the page, I lost all Task 4 marks. If you still remember. please tell me

Mate how did you forget to turn the page? Did you think you were done or run out of time?

Reply 61

eleanorchapple

It was worth 16 marks!

Reply 62

abc123def456

Original post by louisephung

Hi, anyone knows how many marks in task 4: source of finance. I forgot turn the page, I lost all Task 4 marks. If you still remember. please tell me

16marks plus 2qwc. Good question, unlucky you missed it.

Reply 63

T_law18

This was my reaction to the paper.... Meme made by me...😭😭😭

Reply 64

louisephung

Original post by Michael34562

Mate how did you forget to turn the page? Did you think you were done or run out of time?

When I did question 3, I found it quite long, I supposed that I would finish it by the time. However, I got 20 mins left, I checked the last questions, OMG I know how stupid I am. :frown:

((

Reply 65

Michael34562

Original post by louisephung

When I did question 3, I found it quite long, I supposed that I would finish it by the time. However, I got 20 mins left, I checked the last questions, OMG I know how stupid I am. :frown:

((

Sure there's no point worrying about it now, just do well in unit 4

Reply 66

Douglas1223

Did you get Net current Liability rather than net current asset in the balance sheet?

Reply 67

Hannnnnnnn

That's actually so helpful!

Reply 68

Nishil29

what did people get for the dividends ?
also did anyone work out the gearing ratio for task 4 and what did they get ?

Reply 69

Michael34562

Original post by Douglas1223

Did you get Net current Liability rather than net current asset in the balance sheet?

Yeah it was a net current liability by about £2k

Reply 70

Michael34562

Original post by Nishil29

what did people get for the dividends ?
also did anyone work out the gearing ratio for task 4 and what did they get ?

Dividends were £30,000
Gearings for shares was 21.74%
Gearing for debentures was 30.43%
(I think those percentages are what I got, roughly anyway)

Reply 71

Michael34562

Original post by Michael34562

Dividends were £30,000
Gearings for shares was 21.74%
Gearing for debentures was 30.43%
(I think those percentages are what I got, roughly anyway)

Actually I think those percentages are wrong, shares was low 20s debentures was high 20s I think

Reply 72

abc123def456

Original post by Nishil29

what did people get for the dividends ?
also did anyone work out the gearing ratio for task 4 and what did they get ?

I think I got 20.2% without the investment and 29.8% with the £1.12m

Reply 73

AccnTeacher

Answer to Cashflow: Real hard question, especially with the depreciation. You had to use Purchases of non-current assets to work out depreciation.

will post further about this soon

Reply 74

NumberNerd

I'm so happy. I got mostly all of that correct :smile:

Grade boundaries predictions?

Reply 75

AccnTeacher

I'm saying 66/67 for a B perhaps, the statement of cash flows would have taken the boundaries down, not many would have got the depreciation correct,

You can't use the NBV values to work out depreciation unless you were given Purchase of non-current assets:

as the formula for Purchase of non-current assets is:
NBV 2015- NBV 2014 +Disposals@nbv + Depreciation-Revaluation = Purchase of concurrent assets

rearrange to get: Depreciation: Purchase of noncurrent assets + revaluation -Disposal @ Nbv + NBV 2014- NBV 2015 = £32,500

Reply 76

Michael34562

Original post by AccnTeacher

Answer to Cashflow: Real hard question, especially with the depreciation. You had to use Purchases of non-current assets to work out depreciation.

will post further about this soon

Thanks for that, I think I got all of that apart from using dividends paid when working out operating profit, it's not that I forgot but I was told you weren't meant to 😔

Reply 77

AccnTeacher

Original post by Michael34562

Thanks for that, I think I got all of that apart from using dividends paid when working out operating profit, it's not that I forgot but I was told you weren't meant to 😔

Lol, who told you that!

since we work out the retained earnings between the years, that gives us the profit for the year after paying dividends, so we need to add this back, plus interest and tax to get us the profit from operations.

Anyway, you would not have lost many marks overall for this

Reply 78

Gemgraham_

Original post by AccnTeacher

Answer to Cashflow: Real hard question, especially with the depreciation. You had to use Purchases of non-current assets to work out depreciation.

will post further about this soon

Do you know the answers for the income statement and balance sheet for the incomplete record question?