Section 1
Section 1 is the Financial Accounting section of the exam and is worth 120 marks or 30% of the paper . You are required to answer either the 120 mark question (question 1) or two 60 mark questions (question 2, question 3 or question 4) . The areas of the course that usually come up in this section include the following -
120 Mark Questions
1. Sole Trader
2. Company Account
3. Company and Manufacturing Account
60 Mark Questions
1. Disposal of a Fixed Asset
2. Revaluation of a Fixed Asset
3. Farm Accounts
4. Debtors Control Accounts
5. Creditors Control Accounts
6. Service Firms
7. Club Accounts
8. Incomplete Records (Type A and Type B)
9. Cash Flow Forecast
10. Published Accounts
11. Tabular Statements
12. Correction of Errors (Suspense)
Each of the questions are worth 120 marks or 2 60 marks questions. You have the following timing to answer your chosen question(s)
120 Mark Question - 52 mins.
60 Mark Question (x 2) - 26 mins per question.
120 Mark Questions
1. Sole Trader
2. Company Account
3. Company and Manufacturing Account
60 Mark Questions
1. Disposal of a Fixed Asset
2. Revaluation of a Fixed Asset
3. Farm Accounts
4. Debtors Control Accounts
5. Creditors Control Accounts
6. Service Firms
7. Club Accounts
8. Incomplete Records (Type A and Type B)
9. Cash Flow Forecast
10. Published Accounts
11. Tabular Statements
12. Correction of Errors (Suspense)
Each of the questions are worth 120 marks or 2 60 marks questions. You have the following timing to answer your chosen question(s)
120 Mark Question - 52 mins.
60 Mark Question (x 2) - 26 mins per question.