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

[little-rat-boi]

Two of my friends who are both doing economics and a commerce degree.. both failed accounting not sure if its 1A or 1B .. but they failed one of em ... is it that hard or wat?? im worried, that if i make it to Economics at UNSW and fail at it .. who here has done these units what do you think??

 

[sunny]

You should ask them whether they tried.

As in tried throughout the session, not tried the week before the exams.

 

[Eagles]

It's pretty straight forward, esp if you go to PASS classes.

1 in 4 people failed the midsession exam in 1B last session.

GO to lectures and LISTEN in them = pass

do tutorials = C, D

study 1 month before exam = HD

(the HD might be abit exaggerated. C, D are quite achievable.)

 

[Lundy]

I don't think you can really fail anything at uni if you apply yourself throughout the semester.

 

[little-rat-boi]

yeah they are abit bludgy.. lol

so yeah.. just got to study and listen consistently ..ok i got another question .. i finished a Advanced diploma of business management and international business .. should i apply for exemptions so just stuff it and start 1st year...

 

[Eagles]

yeah they are abit bludgy.. lol

so yeah.. just got to study and listen consistently ..ok i got another question .. i finished a Advanced diploma of business management and international business .. should i apply for exemptions so just stuff it and start 1st year...

Just apply for exemptions, u never know.

I have a friend who did accounting at HS and he got exemptions for Acct1a.. Personally, I wont mind the extra subject space.

Joyce: harsh is an understatement.. Kar Ming was just brutal!

 

[little-rat-boi]

i totally forget everything accounting in my course lol

if i say get exempted for acct-1A .. would i be really disadvantaged for acct-1B ??
what you think ..

 

[Sharpshooter]

yeah they are abit bludgy.. lol

so yeah.. just got to study and listen consistently ..ok i got another question .. i finished a Advanced diploma of business management and international business .. should i apply for exemptions so just stuff it and start 1st year...

exemptions give you a PC? or a Pass? i'm not sure on that at all, heard it of a mature age student at some point. so if you want to aim higher then i guess the only way is to complete the subject (+ a little bit of effort )

oh yea, and you dont need to do tutes etc to get a C/D... just dont leave everything to cramming doing your tute q's would certainly help so set out to get them done just a bad example here...

 

[t-i-m-m-y]

With 1A, the key is being consistent. It really covers the basic fundamentals of accounting, and emphasis is placed on being able to do debits and credits and manage the workflow from journals to ledgers etc. You need to do the work to do well, it comes with practice, just like maths.

 

[ricenoodles]

Does kar ming still paint his fingernails black? :/

 

[MAICHI]

Accounting 1A/B is definately the hardest first year commerce subject. And the easiest is Microeconomics 1.

 

[Raginsheep]

What happens if u do actuarial? Is accounting 1a/b mainly calculations or theory?

 

[Kazuya]

1A is mainly journal entries and learning the basics of accounting .. debits/credits, balance sheet, income statement, journals etc etc. Has some basic calculations like finding interest owing and stuff like that.

1B is probably more theoretical overall, it's mostly applying/putting into practice the stuff you learnt in 1A. There is a topic towards the end of the course which is mainly calculations, but it's all with formulae.

 

[redslert]

1B is probably more theoretical overall, it's mostly applying/putting into practice the stuff you learnt in 1A. There is a topic towards the end of the course which is mainly calculations, but it's all with formulae.

1B tends to change every year depending on who the lecturers are.

 

[MAICHI]

What happens if u do actuarial? Is accounting 1a/b mainly calculations or theory?

From what I heard of the final results last session, most people had a much lower accounting mark than actuarial. I think the only people who got lower in actuarial would be those who had preconception that actuarial was hard and opted not to study for it seeing that they are bound to drop out.

Accounting is both calculation and theory, but the hard part is formatting things right, like knowing the exact name that they want for certain accounts etc.

 

[Shawny]

2b is the real hard one
1B AND 1A
if we measured difficulty out of 10 with 2b at 10
1a stands at 4
1b stands at 5

 

[starsky05]

what makes 2b so hard

 

[t-i-m-m-y]

2B draws a lot on concepts in 1A and 1B, and thus you need to be extremely familiar with your journal entries. If you lack the basics or foundations, then it will be more difficult. 2B has a lot of journal entries you need to be able to do.

 

[mr_shittles]

what makes 2b so hard

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.

 

[mr_shittles]

2b is the real hard one
1B AND 1A
if we measured difficulty out of 10 with 2b at 10
1a stands at 4
1b stands at 5

Basically 1A post-midsession feels a bit tough becase the concepts associated with journal entries seem a bit foreign to most students. 1B, with the exception of cashflow statements, is easier than 1A in terms of content. Cashflow statements are the only difficult concept, and they're pretty easy once you've done a few and familiarised yourself with the direct and indirect methods.

Accounting isn't as bad as what most people describe it to be, and some accounting subjects are pretty easy (eg. 2a and 3b are pretty softcore). So don't be put off doing accounting by the level of difficulty, you'll get used to it!