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April 24, 2024, 11:37:49 am
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Author Topic: You want a 50 in Accounting?  (Read 34557 times)  Share 

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lilmamba17

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You want a 50 in Accounting?
« on: May 23, 2011, 10:43:37 pm »
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Ok so honestly I think most off us think VCE is way too hard in which it isn't... It's actually fairly straightforward, and you can make it pretty easy for yourself and then you will realize how easy VCE actually is.
All the people who I have talked to in uni say that if they did VCE again they would smash it.. Which i think is true.

Anyway so back to accounting. I did accounting and methods last year, and i must say i really enjoyed accounting.
Changed my mind, i guess it will make this more credible but i got a 50 in accounting :)

The key to accounting is that most of your answers are 'learnt-response' even though vcaa constantly try to tell you it isn't. It is probably the only subject where you need to memorize answers and definitions.

How to do well
Ok so this is going to be really simple and straightforward:

1) Do at least 25-30 practice exams
- do all pre 2006 vcaa papers
- start from about 2006 and do the company papers
- save the vcaa papers 2006+ for later
- CORRECT PRACTICAL YOURSELF. (Easy to identify where you went wrong)
- GET SOMEONE ELSE (WHO KNOWS ACCOUNTING) PREFERABLY YOUR TEACHER TO CORRECT THEORY
   - this is really important, you have to know how to answer theory properly, this is the only way to improve
- make a list of questions that you find hard answering, and ASK YOUR TEACHER or you can ask me if you want

2) After you have done 20 odd practice exams, make a word document IMPORTANT
- Rewrite all the questions that you got wrong in the practice exams, along with a MODEL answer
- Rewrite any question that you feel pops up a lot (you will know what i mean when you start doing it) with a MODEL answer
- Lastly, rewrite any questions you felt that was a good question, and you have a good answer to
- Get someone to test you, these are the questions that are most likely going to pop up

3) DO NOT DO CHECKPOINTS
- please don't waste your time with accounting checkpoints now
- i believe checkpoints are only good for science and maths subjects
- you are better off using your time doing a practice exam
- and i don't like the solutions in checkpoints

4) Fill out the attached sheet, and print out the other one
- The printed one, stick on your wall or on your shower wall
- LEARN THAT THING OFF BY HEART, IT IS SO IMPORTANT

TIPS:
- take a highlighter into an exam (use it to highlight for example revenues in blue expenses in red, use another colour for dates)
- remember HERMCCG and CURR (it actually helps)
- dont use a pen
- save time (for dates just put Jan 31, shorten depreciation to dep'n and accumulated to acc)
- USE READING TIME (and use it to read the theory questions!!)
- dont ignore a question you dont know, MAKE SURE YOU GET IT ANSWERED OR IT BUGS YOU
- when a question asks for an AP or QC DEFINE THEM (it helps you structure your answer)
- do not talk to anyone about accounting before or after the exam
- AND PLEASE DO NOT STUDY THE DAY BEFORE THE EXAM...

Podcasts+Notes: http://www.mediafire.com/?evgo5ee5j0yp8

So basically what i am trying to say is, after you have done practice exams make that word document. Theory is the only thing on the exam where you want to lose marks and the best way to minimize the amount of marks you lose is by making an errors document. Ill try add to this when i think of anything else.

GOOD LUCK :) and remember you don't need to ace your exams to get the top score...
« Last Edit: November 05, 2016, 02:58:49 pm by heidiii »
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jane1234

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Re: You want a 45+ in Accounting?
« Reply #1 on: May 23, 2011, 10:47:09 pm »
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Quote from: lilmamba17 on May 23, 2011, 10:43:37 pm
GOOD LUCK :) and remember you dont need to ace your exams to get the top score..

??? Pretty sure if you need to ace the exams to get a top score... as they are worth ~66% of your study score....
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lilmamba17

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Re: You want a 45+ in Accounting?
« Reply #2 on: May 23, 2011, 10:54:05 pm »
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Haha no what i meant is that you don't need to ace your exams to get a 50 even if they are worth 66% :) and 50 methods last year, that's impressive!
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lilmamba17

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Re: You want a 45+ in Accounting?
« Reply #3 on: May 23, 2011, 11:18:02 pm »
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Yeah my friend lost 4 and a half marks overall and he got premiers award last year
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ShortBlackChick

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Re: You want a 45+ in Accounting?
« Reply #4 on: May 25, 2011, 05:31:43 pm »
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Quote from: lilmamba17 on May 23, 2011, 10:43:37 pm
- save time (for dates just put Jan 31, shorten depreciation to dep'n and accumulated to acc)
Hi im not sure if this is mentioned or discussed on previous threads (and to be honest i havent checked coz they're quite a mind eff in quantity) but my teacher always tells us not to write words like depreciation and accumulated in short. im not quite sure why and i dont think i was listening to the explanation because i was trying to commit that tip in to my mind (nevertheless i dont think it worked coz next sac i wrote clearing in short because there was no space and she took one stupid mark off me FAIL)
If it adds any credibility to my post, my teacher is an examiner and writes the NEAP Accounting books.
But thanks alot for your advice, it makes a lot of sense :)
Out of curiosity/ need to know, could you pm me what study score you got and how much marks you think you lost in sacs/exam.
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ech_93

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Re: You want a 45+ in Accounting?
« Reply #5 on: May 25, 2011, 05:45:14 pm »
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^ I've been told the same thing about shortening words. My teacher told us not to shorten them, even if there isn't enough room...
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lilmamba17

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Re: You want a 45+ in Accounting?
« Reply #6 on: May 25, 2011, 06:39:27 pm »
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Quote from: kazdawg on May 25, 2011, 05:31:43 pm
Quote from: lilmamba17 on May 23, 2011, 10:43:37 pm
- save time (for dates just put Jan 31, shorten depreciation to dep'n and accumulated to acc)
Hi im not sure if this is mentioned or discussed on previous threads (and to be honest i havent checked coz they're quite a mind eff in quantity) but my teacher always tells us not to write words like depreciation and accumulated in short. im not quite sure why and i dont think i was listening to the explanation because i was trying to commit that tip in to my mind (nevertheless i dont think it worked coz next sac i wrote clearing in short because there was no space and she took one stupid mark off me FAIL)
If it adds any credibility to my post, my teacher is an examiner and writes the NEAP Accounting books.
But thanks alot for your advice, it makes a lot of sense :)
Out of curiosity/ need to know, could you pm me what study score you got and how much marks you think you lost in sacs/exam.

Thanks for the reply :)
Yeah i know what you mean, teacher told me the same thing for everything, BUT there are exceptions.
Do not shorten anything else, but you can shorten acc dep'n :) i suggest that you only shorten it in your practical
because in theory it makes your answer look longer.
And if it is to any help, i shortened it on my exam and didnt lose marks :)
But if you are still uncertain then don't let it worry you and write it!
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soopertaco

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Re: You want a 45+ in Accounting?
« Reply #7 on: May 25, 2011, 09:36:46 pm »
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how possible is it to do 20 exams with all these other sacs going on before exams? -.-
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lilmamba17

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Re: You want a 45+ in Accounting?
« Reply #8 on: May 25, 2011, 11:03:28 pm »
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Correct me if i am wrong you have about 3 and a bit weeks now left, if you do one per day afterschool, and then two on the weekends you will be fine :) Plus don't focus too much on sacs, you don't need to top sacs, just be up there because in the end your sac score will be bumped up by your sac score.

So if you get the highest exam score you automatically get the highest sac score :)
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soopertaco

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Re: You want a 45+ in Accounting?
« Reply #9 on: May 26, 2011, 12:26:46 am »
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I'm actually rank one in my school but im just looking at that daunting number of 20 - 25 and wondering where the hell am i supposed to find that many exams? lol i can only find around 10 on VN excluding TSSM and any exams before the new study design. I am eventually going to VCAA but i haven't seen any CPAP or VCTA revised exams up here yet. do you have any? :)

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lilmamba17

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Re: You want a 45+ in Accounting?
« Reply #10 on: May 26, 2011, 12:50:39 am »
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I used to have like 40 in one big folder but i can't find my unit 3 ones! I have unit 4 though, so when you need them lemme know. If i find my unit 3 however, ill definitely give them to you.
But for now go to www.mediafire.com/cleoxo and you will find heaps in the accounting folder :)
All credits to cleoxo not me
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lilmamba17

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Re: You want a 50 in Accounting?
« Reply #12 on: May 26, 2011, 09:07:38 pm »
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added podcasts :) enjoy
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waldo777

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Re: You want a 50 in Accounting?
« Reply #13 on: May 26, 2011, 10:01:25 pm »
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Quote from: lilmamba17 on May 25, 2011, 11:03:28 pm
So if you get the highest exam score you automatically get the highest sac score :)

Actually, if you get the highest exam score you DON'T automatically get the highest sac score. Your sac score will be based around your cohort ranking. If you are rank 1, then your exam score (if the highest) becomes your sac score. However, if you are not rank 1, then you get another person's exam score as your sac score.

So basically, SACs DO MATTER!!
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sam.utute

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Re: You want a 50 in Accounting?
« Reply #14 on: May 26, 2011, 10:14:17 pm »
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But...... not as much as the exam. Your SAC mark can be moderated to better reflect your exam mark. Unfortunately, this doesn't work the other way 'round.
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