Predictions for the Business Studies HSC exam? (2 Viewers)

[jimmysmith560]

wait yeah @jimmysmith560 will they always give you the ratio formulas? (not gp, np, or cogs)

Yes, the financial ratios are provided. However, other formulas/equations, figures and acceptable/favourable ratios are unlikely to be provided. In any case, it would be good to be familiar with all of these.

 

[utopianimal]

have u guys all memorised the syllabus?

 

[idk123233]

have u guys all memorised the syllabus?

no for me it takes foreverrrrr, and i keep forgetting the stuff i have done too

 

[rev668]

no for me it takes foreverrrrr, and i keep forgetting the stuff i have done too

imma just hit the hay and wake up at 6am tmrw smack out a past paper

 

[idk123233]

but fr guys how do u get the content in ur headddd

 

[billy10101]

imma just hit the hay and wake up at 6am tmrw smack out a past paper

yeah i might just go into a past paper no study and see what i can muster up

 

[zackbekro123]

Yes, the financial ratios are provided. However, other formulas/equations, figures and acceptable/favourable ratios are unlikely to be provided. In any case, it would be good to be familiar with all of these.

Where can you find these extra ratios to learn?

 

[jimmysmith560]

Where can you find these extra ratios to learn?

These are covered in the Preliminary course and are revisited in the HSC course:

• Gross profit = Revenue − COGS
• Net profit = Gross profit − Expenses
• COGS = Opening stock + Purchases − Closing stock
• Assets = Liabilities + Owner’s equity

Information regarding acceptable figures for financial ratios is included in textbooks. For example, it is generally accepted that a current ratio of 2:1 indicates a sound financial position for a business.

 

[sarahhelenharris]

Section III Business Report - Operations and Marketing
Section IV Essay - Finance and HR

That is just my rough predictions

 

[TheLastHope]

Are expenses and COGS not the same thing? @jimmysmith560

 

[sarahhelenharris]

Are expenses and COGS not the same thing? @jimmysmith560

COGS - The cost of goods sold so it is how much it costs to make the actual product itself ie materials used in the product.
Expenses - All other expenses which operating the business generates ie electricity, water, wages.

Sales - COGS = gross profit
Gross profit - expenses = net profit (the money that goes into the pocket of the business)

Hope this helps.

 

[TheLastHope]

and are liabilities another name for expenses

 

[K2Trappy]

and are liabilities another name for expenses

they similar,
liabilities are like business outstanding debt, so like loans, and payables
expenses are more just basic costs stuff like cost of materials, cost of labour
liabilities are a form of expense if that makes sense
so all hondas are cars but not all cars are hondas, idek what I'm saying but ykwim

 

[billy10101]

Marketing and Finance?

 

[K2Trappy]

pls HR and finance i just dont wanna do HR

 

[K2Trappy]

barely any1 wouldve picked finance in 2018 istg everyone hates global financial management

 

[sarahhelenharris]

pls HR and finance i just dont wanna do HR

I will do anything but a Finance essay so I'm counting on HR, Marketing and Operations.

 

[hihglightermmmm]

Guys for essays just say it was a question on Financial strategies linking to PO's

Would an example body look like:

1. Thesis / Direct answer question on Cash flow management
2. Define cash flow management + funnel the sub points (distribution of payments etc...)
3. Provide theory for the subpoints
4. Provide case study to reinforce points as well as linking to Performance Objectives (PLEGS)
5. Link to question

And then repeat for each strategy

 

[sarahhelenharris]

Guys for essays just say it was a question on Financial strategies linking to PO's

Would an example body look like:

1. Thesis / Direct answer question on Cash flow management
2. Define cash flow management + funnel the sub points (distribution of payments etc...)
3. Provide theory for the subpoints
4. Provide case study to reinforce points as well as linking to Performance Objectives (PLEGS)
5. Link to question

And then repeat for each strategy

For essay body paragraphs I usually write in DPEEL:

D - Definition
P - Point (answers the question directly)
E - Explain (provide theory knowledge)
E - Evidence (case studies and making judgements on effectiveness)
L - Link (makes an explicit judgement that links directly to the question)

Your structure looks very similar to mine so yeah you're on the right track.

 

[JosephSeed]

Operations and marketing are so easy, dont even need to study. You can also just make up case studies on the spot for HR, operations and marketing. Finance is also not hard. HR though is so annoying and boring.

how do you make up case studies, i never got that