BUSL320 Final Exam

Monstar · 2 Nov 2009, 11:45 PM

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Anyone whose done it previously shed some light on this? whats the main focus here; the theory or the calculations.. ?

Also to the current people; How are you studying for this ? Lecture notes seem brief.. and nonsensical..I think there meant to be accompanied by some written notes in class but the past few people I've been having seem to read directly off the notes. I'm forced to read the book with the bible paper and theres alot of it. Anyone know a more efficient way to study this?

Mathmatics85 · 3 Nov 2009, 12:46 PM

yeah i need some hot and wet tips for this unit. since i failed mid-sem miserably, i mean i've never fucked up any exam so bad in my entire fkn life.. must be the lack of studies on calculation..

therefore in this coming exam i have to pass no matter what.. i need something like 35/60... also i hear the final is really weird and hard since we can take in paper aids..

my q is.. whats best to write on the cheat sheet?

Monstar · 4 Nov 2009, 9:05 PM

Typing up some notes for deductions based on lecture notes and ilecture. The dude is thorough and crazy man.. I suggest you listen to it.. it filters out a tonne of bs from the thick book.

tajid73 · 12 Nov 2009, 10:15 PM

yes thats wat im doing now..listening to ilect n writing notes.. dunno how long will i stand doing dat. it wont b long 4 sure.. sshoud hav done it b4..

Wat did u guys get in the assignment?? i saw the avrg was like 5.3.. but i dunno why everyone that i asked sed their marks r like 7-8..

Mathmatics85 · 16 Nov 2009, 3:46 AM

what the hell is tax planning for FBT? I cant find it anywhere...

tajid73 · 16 Nov 2009, 10:13 AM

it has sumthing to do with lect wk 13... i dunno wat as i havnt studied tht yet. im still studying accg253..

*hopeful* · 16 Nov 2009, 1:35 PM

Quote:

Originally Posted by tajid73

it has sumthing to do with lect wk 13... i dunno wat as i havnt studied tht yet. im still studying accg253..

tajid why not post in the 253 thread

i've just been reading, making little notes and doing practical questions for 253, how are you studying for it ??

tajid73 · 16 Nov 2009, 2:40 PM

hey hopeful i already replied ur questions in accg253 thread.

Monstar · 16 Nov 2009, 7:12 PM

Holy fuck tax is hard.

Luke! · 16 Nov 2009, 9:50 PM

(Hi Ben)

Guys, when I did the final exam for BUSL320 I remember:

A long calculation question on CGT which included:
-Sale of the individual's primary residence.
(And that's a trick;— there's no CGT on a person's residence.)
-Sale of shares.
-Sale of an investment property.

A question focusing on allowable deductions and calculation of personal income tax. The key is to understand what are and are not allowable deductions. Also be aware of how to deal with foreign-sourced income and franking (imputation) credits.

A question on FBT. The key is to understand what consitutes a fringe benefit.

I hope that helps.

tajid73 · 16 Nov 2009, 10:42 PM

Thanks Luke.. That certainly helps.
however personal income and CGT are not examined in this exam.. although i prefer if they examine me on CGT than GST.. GST sucks

Mathmatics85 · 20 Nov 2009, 8:11 PM

how did u guys go? For me, it was a total disaster.so many of the questions were so tricky, something i've never encountered before and unexpected.... I wrote so many crap on the cheat sheets but they were just useless. For future semester ppl, dont spend too much time on the cheat sheet...u won't even use 1/10 of the stuff. And what did i put on my cheat sheets? I put, study manual, online quizzes with solutions, lecture notes, tutorial qs and solutiins, and summaries from textbook..now u know what kind of exam BUSL320 is like...

Monstar · 20 Nov 2009, 8:47 PM

Yeah maths, I got tricked out for some .. luckily one of the questions was lifted straight from atsm and i remembered one of the answers.

I heard a few people found it heaps hard.. I mean i keep getting FBT and deductions mixed up so i didnt even apply operations cause it was based on undocumentated evidence!

tajid73 · 20 Nov 2009, 9:40 PM

IMO, the multiple choice questions were pretty easy that i was like yeahhh it wasnt as hard as i thought but thennnnn....
after finishing MCQ n started reading next question, I found the short answer qs were really hard (wanna say pretty hard but if just i thought more before started writing).. i bullshit the first question and realised i did it wrong so after did like one page , had to redo it again...
and yeah cheatsheet's pretty useless.. they asked us to study from ATSM, only 1 question is in the ATSM (not even a question, just some parts in the question.. i.e.company). .seriously. .wat a waste of time studying...

Fingercross.. cr....I still wish for a distinction though... (which would be a miracle if that happens)

Monstar · 20 Nov 2009, 9:49 PM

Man i thought the GST question was a gift.. I thought companies was gonna be easy but i never really learnt to work out assessable, taxable income andmedicare levy shit properly!

2 Nov 2009, 11:45 PM	#1 (permalink)
Monstar Executive Member HSC: 2006 Gender: Male Join Date: Jan 2006 Posts: 621 Last Activity: Today, 9:36 AM	BUSL320 Final Exam You can hide this advertisement by registering. Anyone whose done it previously shed some light on this? whats the main focus here; the theory or the calculations.. ? Also to the current people; How are you studying for this ? Lecture notes seem brief.. and nonsensical..I think there meant to be accompanied by some written notes in class but the past few people I've been having seem to read directly off the notes. I'm forced to read the book with the bible paper and theres alot of it. Anyone know a more efficient way to study this? __________________ I'm not a businessman I'm a business Man! - Jay Z

3 Nov 2009, 12:46 PM	#2 (permalink)
Mathmatics85 Assistant Member HSC: 2004 Gender: Male Join Date: Dec 2008 Posts: 61 Last Activity: Yesterday, 7:05 PM	Re: BUSL320 Final Exam yeah i need some hot and wet tips for this unit. since i failed mid-sem miserably, i mean i've never fucked up any exam so bad in my entire fkn life.. must be the lack of studies on calculation.. therefore in this coming exam i have to pass no matter what.. i need something like 35/60... also i hear the final is really weird and hard since we can take in paper aids.. my q is.. whats best to write on the cheat sheet? __________________ B. Applied Finance & B. Commerce - Accounting (3rd Year)

4 Nov 2009, 9:05 PM	#3 (permalink)
Monstar Executive Member HSC: 2006 Gender: Male Join Date: Jan 2006 Posts: 621 Last Activity: Today, 9:36 AM	Re: BUSL320 Final Exam Typing up some notes for deductions based on lecture notes and ilecture. The dude is thorough and crazy man.. I suggest you listen to it.. it filters out a tonne of bs from the thick book. __________________ I'm not a businessman I'm a business Man! - Jay Z

12 Nov 2009, 10:15 PM	#4 (permalink)
tajid73 Junior Member HSC: 2007 Gender: Undisclosed Join Date: Oct 2009 Posts: 30 Last Activity: Today, 6:08 PM	Re: BUSL320 Final Exam yes thats wat im doing now..listening to ilect n writing notes.. dunno how long will i stand doing dat. it wont b long 4 sure.. sshoud hav done it b4.. Wat did u guys get in the assignment?? i saw the avrg was like 5.3.. but i dunno why everyone that i asked sed their marks r like 7-8..

16 Nov 2009, 3:46 AM	#5 (permalink)
Mathmatics85 Assistant Member HSC: 2004 Gender: Male Join Date: Dec 2008 Posts: 61 Last Activity: Yesterday, 7:05 PM	Re: BUSL320 Final Exam what the hell is tax planning for FBT? I cant find it anywhere... __________________ B. Applied Finance & B. Commerce - Accounting (3rd Year)

16 Nov 2009, 10:13 AM	#6 (permalink)
tajid73 Junior Member HSC: 2007 Gender: Undisclosed Join Date: Oct 2009 Posts: 30 Last Activity: Today, 6:08 PM	Re: BUSL320 Final Exam it has sumthing to do with lect wk 13... i dunno wat as i havnt studied tht yet. im still studying accg253..

16 Nov 2009, 2:40 PM	#8 (permalink)
tajid73 Junior Member HSC: 2007 Gender: Undisclosed Join Date: Oct 2009 Posts: 30 Last Activity: Today, 6:08 PM	Re: BUSL320 Final Exam hey hopeful i already replied ur questions in accg253 thread.

16 Nov 2009, 7:12 PM	#9 (permalink)
Monstar Executive Member HSC: 2006 Gender: Male Join Date: Jan 2006 Posts: 621 Last Activity: Today, 9:36 AM	Re: BUSL320 Final Exam Holy fuck tax is hard. __________________ I'm not a businessman I'm a business Man! - Jay Z

16 Nov 2009, 9:50 PM	#10 (permalink)
Luke! Sexual Revolutionist HSC: 2003 Gender: Male Location: Sydney, Sutherland Shire Join Date: Feb 2007 Posts: 360 Last Activity: Yesterday, 9:06 PM	Re: BUSL320 Final Exam (Hi Ben) Guys, when I did the final exam for BUSL320 I remember: A long calculation question on CGT which included: -Sale of the individual's primary residence. (And that's a trick;— there's no CGT on a person's residence.) -Sale of shares. -Sale of an investment property. A question focusing on allowable deductions and calculation of personal income tax. The key is to understand what are and are not allowable deductions. Also be aware of how to deal with foreign-sourced income and franking (imputation) credits. A question on FBT. The key is to understand what consitutes a fringe benefit. I hope that helps. __________________ B.Applied Finance + B.Commerce-Accounting (Final Year)

16 Nov 2009, 10:42 PM	#11 (permalink)
tajid73 Junior Member HSC: 2007 Gender: Undisclosed Join Date: Oct 2009 Posts: 30 Last Activity: Today, 6:08 PM	Re: BUSL320 Final Exam Thanks Luke.. That certainly helps. however personal income and CGT are not examined in this exam.. although i prefer if they examine me on CGT than GST.. GST sucks

20 Nov 2009, 8:11 PM	#12 (permalink)
Mathmatics85 Assistant Member HSC: 2004 Gender: Male Join Date: Dec 2008 Posts: 61 Last Activity: Yesterday, 7:05 PM	Re: BUSL320 Final Exam how did u guys go? For me, it was a total disaster.so many of the questions were so tricky, something i've never encountered before and unexpected.... I wrote so many crap on the cheat sheets but they were just useless. For future semester ppl, dont spend too much time on the cheat sheet...u won't even use 1/10 of the stuff. And what did i put on my cheat sheets? I put, study manual, online quizzes with solutions, lecture notes, tutorial qs and solutiins, and summaries from textbook..now u know what kind of exam BUSL320 is like... __________________ B. Applied Finance & B. Commerce - Accounting (3rd Year)

20 Nov 2009, 8:47 PM	#13 (permalink)
Monstar Executive Member HSC: 2006 Gender: Male Join Date: Jan 2006 Posts: 621 Last Activity: Today, 9:36 AM	Re: BUSL320 Final Exam Yeah maths, I got tricked out for some .. luckily one of the questions was lifted straight from atsm and i remembered one of the answers. I heard a few people found it heaps hard.. I mean i keep getting FBT and deductions mixed up so i didnt even apply operations cause it was based on undocumentated evidence! __________________ I'm not a businessman I'm a business Man! - Jay Z

20 Nov 2009, 9:40 PM	#14 (permalink)
tajid73 Junior Member HSC: 2007 Gender: Undisclosed Join Date: Oct 2009 Posts: 30 Last Activity: Today, 6:08 PM	Re: BUSL320 Final Exam IMO, the multiple choice questions were pretty easy that i was like yeahhh it wasnt as hard as i thought but thennnnn.... after finishing MCQ n started reading next question, I found the short answer qs were really hard (wanna say pretty hard but if just i thought more before started writing).. i bullshit the first question and realised i did it wrong so after did like one page , had to redo it again... and yeah cheatsheet's pretty useless.. they asked us to study from ATSM, only 1 question is in the ATSM (not even a question, just some parts in the question.. i.e.company). .seriously. .wat a waste of time studying... Fingercross.. cr....I still wish for a distinction though... (which would be a miracle if that happens)

20 Nov 2009, 9:49 PM	#15 (permalink)
Monstar Executive Member HSC: 2006 Gender: Male Join Date: Jan 2006 Posts: 621 Last Activity: Today, 9:36 AM	Re: BUSL320 Final Exam Man i thought the GST question was a gift.. I thought companies was gonna be easy but i never really learnt to work out assessable, taxable income andmedicare levy shit properly! __________________ I'm not a businessman I'm a business Man! - Jay Z

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