Transcript Approaching the June Exam

Approaching the June Exam
Sasha Mildenhall
Taylors Lakes Secondary College
We remember . . . .
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20% of what we read
30% of what we hear
40% of what we see
50% of what we say
60% of what we do
90% of what we see, hear, say
& do!
Key Tips . . . . .
• Complete several practice exams under
exam conditions
• Practice at the same time as the exam
• The more exams you do the better your
result will be
• Read the examiners reports for ‘07, ’08 &
’09
• Eat the right food, drink plenty of water
Key Tips . . . . . (continued)
• Get plenty of exercise
• Assemble the correct materials
• Plan your trip to the exam centre
• Carefully read the required tasks with the
answer booklet to focus your reading
• Answer questions in full
• Be specific – eg current asset not just
asset, use amounts in theory responses
where possible
Key Tips . . . . .
• Dont repeat the question in your theory
responses
• Beware of constraints in questions
• Plan your time
• Don’t confuse qualitative characteristics
with principles
• Use practice exams from the VCTA and
VCAA
• Make full use of your teacher
Key Tips . . . . .
• Watch out for titles
• If you get stuck on a question . . .move on
. . . Come back if you have time
• Put all workings in the answer book
• Put a line through errors . . .dont erase
them
• Complete the question even if you have
made an error. You don’t lose marks for
consequentials
• Look carefully at the marks allocated
Practice exams are ideal preparation
The current course started in 2007!
Complete the ’07 ‘08 and ’09 exams
If they are available, practice using an
actual answer book.
The old course did not include the GST
in all journals so be careful if using
questions pre-2007
Most students need practice writing
concise answers in the restricted space
provided.
Read the assessors reports
Race the clock! Set yourself time trials.
You should attempt questions in your
preferred order: i.e. Question 1.1 does not
have to done first.
One mark = one minute (5 marks = 5 minutes)
Work to a plan in terms of time and move on
quickly if one question is particularly difficult.
Show all workings where space is provided.
Marks are often gained by students who
actually end up with the wrong answer, but
have shown workings that demonstrate their
knowledge.
Be aware of omissions that will cost you
marks: e.g. no dates, no balancing of
accounts, no narrations, no document
numbers, no labelling of key items (e.g. gross
profit, net profit).
•Watch out for aliens in reports (don’t
include everything just because it’s
there!)
•Look for “key words” in questions, such
as complete, record, explain, outline,
justify, discuss, state, list, and calculate.
The key word is a guide as to how the
question should be answered.
•Be aware of the marks allocated and the
space provided in the answer book. Both
provide clues as to the length of answer
required. An explain type question worth 2
marks and with four lines provided will usually
require a full explanation of two separate
points. Three or four word answers will not
suffice!
•Check dates when doing balance day
adjustments. Watch out for prepaid items and
depreciation when items occur part of the way
through the reporting period.
Some Common Exam Errors
• Not answering the question: make sure you
answer what the question requires, not what
you want to answer!
• Insufficient detail: 2 marks usually indicates 2
points need to be made. Don’t make one point
and simply re-word it. Make 2 separate points!
• Wrong reporting period: always check the
length of the reporting period. You should not
allocate a year’s depreciation in a one month
report!
• Watch out for ‘constraints’: some questions
state “apart from a particular item”, do not state
the items already listed.
• Posting errors: when posting from special
journals to general ledger accounts totals
should be posted.
What will my student do first . . . . .
•The PALER Rule
•CURR
•HERMCCG or CHER MCG
I D L Response
Identify
Define
Link
Let’s try an example
Use
of
Visuals
Try to think about a topic from every angle . . . . .
Caused when?
Recorded?
Stock Loss
Reported Where?
Strategies to reduce?
Prac vs Theory
The examiners do NOT have a pre-determined percentage of
theoretical type questions – be prepared for both types!
2007
Practical
78%
Theory
22%
100%
2008
68%
32%
100%
2009
70%
30%
100%
The General Journal
2007 2008
2009
Establishing double entry
4
4
Assets contributed by owner
3
3
Stock withdrawal
2
Balance day adjustments
7
10
5
Correction of error
1
2
Stock loss
1
Bad debts
2
Closing entries
5
2
2
Total marks allocated
22
18
13
Exam Literacy
Know your Templates . . . . . .
Time for a challenge . . . . . .
Contact Details
Sasha Mildenhall
Assistant Principal
Taylors Lakes Secondary College
[email protected]
Skype: Sasha Mildenhall