A-Level Principles of Accounts
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Paper 1 & 2
2008 Examination
Danny Poon and Tony Lim
Department of Business Services and
Management
• Institute of Vocational Education (Tuen
Mun)
• 15/3/2008
(c)IVE(TM)
Before examination
• Plan: Study and Revision
• Center location
• Stationery: Calculators and (erasable) ball
pens
• Good sleep for at least two nights before
exam
(c)IVE(TM)
During Examination
• Scan all questions
• Keep time
• Answer the most familiar questions first
• Keep time
*After the morning examination
• Take a rest during lunch
(c)IVE(TM)
HKAL PRINCIPLES OF ACCOUNTS PAST PAPER QUESTIONS
DISTRIBUTION TABLE- Paper 1
2004
2005
2006
2007
Financial Accounting
Consolidated B/S-Goodwill, MI
Consolidated P & L
18
c
14
c
10
c
10
c
6
c
11
c
10
c
10
c
26
c
23
c
20
7
c
10
c
16
c
Cash Flow Statement (indirect) -Liquidity
Accounting ratio analysis - Short term liquidity
Theory - Consolidated A/C
6
c
5
Incomplete record - Sole trader
17
Partnership - Appropriation, Revaluation, Change
of Partnership, Realization, Cash
20
Incomplete record -Partnership - Final accounts
Theory - Published account items: Exp, Prior
Year Adjustment, EPS
20
c
c
10
c
20
c
HKAL PRINCIPLES OF ACCOUNTS PAST PAPER QUESTIONS
DISTRIBUTION TABLE- Paper 1
2004
2005
2006
2007
Financial Accounting
Control accounts
Statement of change in equity
6
Theory - development cost
4
4
Correction of error/suspense (journal entry)
20
Partnership - changed to LTD
20
Income & expenditure A/C & B/S
18
6
c
c
c
20
20
20
Valuation of fixed assets, depreciation
20
Valuation of stock & perpetual inventory system
Bank reconciliation statement
c
c
Theory - use of a/c
True and fair
8
20
2
3
Partnership - Dissolution
Hire Purchase / Finance lease
Income determination
Valuation of intangible assets
Joint Venture
Consignment
Manufacturing
Branch accounts
Investment
Business take over
Bill of exchange
(c)IVE(TM)
Miscellaneous
HKAL PRINCIPLES OF ACCOUNTS PAST PAPER
QUESTIONS DISTRIBUTION TABLE- Paper 2
Managerial Accounting
2004
2005
Variance analysis
20 c
Process Costing
6 c
Cash Budget
15 c
20
24 c
16 c
11 c
30 c
ABC method
4 c
10 c
B.E Analysis/CVP
6 c
20
Cost behaviours
8
14
9 c
11
10
6
10 c
11 c
Valuation of stocks
11 c
Accept order/ spare cap
8 c
and full capacity
8 c
Budget income statement
7 c
Valuation of Products
Accounting Theory
2007
19 c
Contribution/profit maxi
NPV cal & explanations
2006
(c)IVE(TM)
20
3 c
20
20
20
HKAL PRINCIPLES OF ACCOUNTS PAST PAPER
QUESTIONS DISTRIBUTION TABLE- Paper 2
Managerial Accounting
2004
2005
absorption O/H and rate
Make or buy decision
9 c
2006
17
3 c
17
Minimum pricing
12
NPV Buy or Lease
10
Flexible budgeting
Marginal Costing System
2007
9
3
3
(c)IVE(TM)
• Good Luck
• Thank you
(c)IVE(TM)