Anyone who has done accounting or is currently doing it, could you please tell me what and how to revise for this exam i am sitting in 2 weeks?! I dont have a clue and am starting to panic! ANY HELP WOULD BE APPRECIATED SO MUCH!
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Aqa accn1 jan 2013 watch
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Arsenal014
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- 04-01-2013 01:52
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Arsenal014
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- 05-01-2013 23:24
Anyone? Loosing days
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- 07-01-2013 00:12
I completed this course last year and managed to get a B overall in accounting. Accounting is a subject that takes a lot and I mean a lot of practice to get right and correct understanding. ACCN 1 is an exam where you really need to know Balance sheets and Income statements at a sound level as this is where the bulk of the marks come from. Practice as many as you can until you know where everything goes. Make sure you know your definitions because they are questions that AQA gift candidates. Cash books and bank reconciliations will become a lot clearer once you understand where everything goes, I.e credit or debit side. AQA repeat things quite a lot but just mix them around so try understanding the concept then practice them and test yourself with the mark schemes. I have every past paper and mark scheme up to Jan 12 if you want them. The first time I took this exam I got a D, but then I re-took the exam to get an A, so it's not all over if you don't get the grade you want. In accounting you are continuously learning and getting better at the subject and you will build on this platform in ACCN 2. Lastly Good Luck and as my teacher always said to me PRACTICE PRACTICE PRACTICE.
Also good on you for being a gooner, Arsenal is the way forward -
Arsenal014
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- 07-01-2013 21:53
Omg, thank you so much!!! I will read the text book through out and go through balance sheets and income statements a lot as well as learn all definitions. My teacher has given me all the past papers already and i will hopefully do them all twice before next wednesday now. But thank you so much, this was my first post and i was really starting to get scared!
But i know i will be retaking this exam unless i get an A as i've heard unit 2 is disgusting.
Haha, great to see a fellow gooner out there! I know i can trust you! -
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- 14-01-2013 20:00
Another gooner right here mate!
Unfortunate against city
. And yeah got the exam on wednesday aswell, i just cant do bank recon statements or sales/purchase ledger accounts. I just don't understand how to work out where to put the weird things in either credit or debit. Stuff like unpresented chqs, outstanding lodgements e.t.c
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Arsenal014
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- 15-01-2013 17:30
Haha, gooner all the way! :P But till someone like Hummels comes in to the defense, some magic in the midfield and a world class striker it doesnt look too good
Looking at past papers balance sheets and inc statements look to be the biggest targets of revision. Errors, control accounts and bank rec statements are what is putting me off the paper.... I guess practice is the best way of revising them.. Good luck for tomorrow though!
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- 15-01-2013 18:50
Another gooner here! ahahaha, also. I doubt bank reconciliation will come up, as it's come up the past two years.
Advice being, KNOW YOUR ERRORS! And know what SLC and PLC Do! And your adjustments!
Ill right out the SLC For you here
Dr/////////////////// CR
Balance B/D ////////////// Payments Recieved
Sales ////////////// Discount Allowed
Interest CHARGED /////////Contra Set off
Returned Cheques //////////Sales Returns
//////// //////////////////////////BAD DEBTS (I always forget this)
Subtotal/ Subtotal
Balance C/D / Balance C/D
Final Total /////// Final Total
Balance B/D ////////// Balance B/D
Goes on the opposite side to the C/D
Note: Remember that it goes, BALANCE B/D THEN C/D THEN B/D AGAIN (APPLICABLE TO ALL T ACCOUNTS)
The purchase ledger is exactly the same way, but is opposite to everything, and disregard the Bad Debts,
The way I remember it (Dead Clic) And the starting points are opposite, so for Sales, they are USUALLY a Credit,
But the balance B/D starts on the left. Sorry if that last bit is confusing!
If you have any questions I'd love to help (it helps me revise too :P ) Good luck to all!Last edited by WheezyT; 15-01-2013 at 18:54. -
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- 15-01-2013 19:01
(Original post by Arsenal014)
Anyone who has done accounting or is currently doing it, could you please tell me what and how to revise for this exam i am sitting in 2 weeks?! I dont have a clue and am starting to panic! ANY HELP WOULD BE APPRECIATED SO MUCH! -
FaisalTreShah
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- 15-01-2013 22:44
I'm sitting this exam! Good luck man.
Don't forget PEA|RLS! -
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- 16-01-2013 07:43
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frandubking
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- 16-01-2013 15:41
How'd you find it?
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- 16-01-2013 16:23
(Original post by frandubking)
How'd you find it?
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FaisalTreShah
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- 16-01-2013 16:23
(Original post by frandubking)
How'd you find it?
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superman17
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- 16-01-2013 16:25
(Original post by afzal123)
What did you get for the income statement? -
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- 16-01-2013 16:25
(Original post by FaisalTreShah)
Awful. My balance sheet didn't balance! -
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- 16-01-2013 16:26
(Original post by superman17)
29,000? -
superman17
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- 16-01-2013 16:28
How does it work in terms of marks if your balance sheet doesn't balance at the end? Hope I got a good chunk of the marks, it's out of 27 :/
Was out by £4000 and I couldn't find what I'd done wrong. Very annoying. -
frandubking
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- 16-01-2013 16:32
So was I , but praise The Lord I did a draft, they said the bad debt of 4000 was recorded in the sales ledger and not the general ledger. So the figure for debtors was correct, you only had to take 4000 off net profit... Did you get 28000 for net profit ? I hope that's right anyways if not i will be very sad.... But tbh even if you do get it wrong you still get loads of marks for workings
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- 16-01-2013 16:33
(Original post by superman17)
How does it work in terms of marks if your balance sheet doesn't balance at the end? Hope I got a good chunk of the marks, it's out of 27 :/
Was out by £4000 and I couldn't find what I'd done wrong. Very annoying. -
frandubking
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- 16-01-2013 16:33
I might have got 29000 can't remember
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