High failure rate with Accounting core units...? (1 Viewer)

[Minai]

Having done all the Accounting core subjects and auditing, my advice is to work consistantly from 1A onwards, because you'll be surprised how many little concepts from 1A/1B become common knowledge by the time 3A rolls around.

 

[Grizzly]

The second half of 2B is full of consolidations. Basically, consolidations is where you take the accounts of subsidiary/associate compainies and add them to the parent companies to find group totals. Unfortunately its not a simple prcess of addition, because depending on the nature of the transactions and the parent's ownership/control of the associate/subsidiary, certain elimination enmtries need to be made to avoid double counting. This means that there are heaps of journal entries, which can sometimes be very messy and confusing. Also if you make one or two small mistakes, it can flow through into other calculations and hence screw up your final answer.

Also with consolidations, if you didn't go to the lectures (like, I only missed 4 for the whole semester), you fall really far behind because each week build on the previous week (from week 7 onwards this is particularly the case). In order to cram for it and catch up the missed work took me six days straight (which screws up study for other subjects).

In the end the fail rate is only around 10% (because of the positive scaling of the finals). . . so you just have to be part of the 90% that pass! And the really bad thing is if you fail 2B, your standard BCom or BEc degree will take one extra year to complete, since the course is only offered in session 2.

Someone D'd 2b
*pushes 2b book off desk*

 

[chloe169]

(because of the positive scaling of the finals)

scaling.... university subjects are SCALED?!!!1

 

[redslert]

scaling.... university subjects are SCALED?!!!1

Only the hard courses. None of your first year commerce subjects will be scaled.

 

[mr_shittles]

Someone D'd 2b
*pushes 2b book off desk*

After scaling, its not that hard to score 75 in 2B!

 

[ace]

I think its a tad hard to fail the accounting first year cores (ignoring the fact probably 50-100 or so (out of 1000-1200 mind you) fail).

Lets take myself as an example on ACCT1511. (Accounting 1B)

Now I admit, im not a model accounting student, actually probably the furthest thing from a model accounting student.

Ok, my run down (What I did and didn't do)
Tutorials, didn't do any of the homework except 2 times, I think the 1st week I actually did something, and probably the week before the mid-session.
Lectures, went to about 20% of them. They basically read the slides to you. I found it wasn't worth it.
Exams, Cramming 1-3hrs before each exam. Includes finals.

Ok, the problem with the above, you get the feeling (well I did) that one has failed. For two weeks or so from the final exam, I waited in anticipation to find other whether I was going to have to repeat the subject.

Then the two weeks pass, and I get rewarded with a CR. Quite amazing actually, considering the effort put in, and the fact I forgot everything from the pre-requiste course (ACCT1501).

Now to the lesson here. Do your work and its pretty bloody hard to fail. Don't do your work and its still pretty bloody hard to fail. But its better to stick to the first point Do your work, and you'll be fine.

Cheers

p.s. Not all subjects you can ignore for months on end and still pass. Accounting just happened for me to be one of them

 

[Minai]

Only the hard courses. None of your first year commerce subjects will be scaled.

I'd disagree with that...I remember my Micro 1 final exam...if it wasn't scaled, I wouldv'e got 99% in the final exam to get my 85 HD

 

[redslert]

I'd disagree with that...I remember my Micro 1 final exam...if it wasn't scaled, I wouldv'e got 99% in the final exam to get my 85 HD

There is no way in hell that mirco I can be scaled, way too easy.