Reaction to Leaving Certificate 2019 Accounting (Higher Level) by Ray O’Loughlin, Accounting teacher at The Institute of Education.
A very straightforward, uncomplicated paper. Students who prepared well will be pleased with this exam. In line with one of its basic principles, the higher-level accounting paper could be described as being conservative in both topics examined and content.
Section 1: Short Questions:
A nice range of short questions provided great choice for students.
Question 1 saw a welcome return of company final accounts after a three-year absence. This was an uncomplicated question, and other than the calculation of depreciation on vehicles and a capital transfer, all other adjustments had appeared on previous papers.
Both the club accounts, cash flows statements and interpretation of accounts would all have been well received by students.
Club accounts, which last appeared in Section 2 in 2011, had a few added problems such as accumulated depreciation, the loan figure was missing and a national lottery grant appeared as a revenue item. It was very manageable however.
Question 8, on overhead analysis and job costing, or Question 9, on production budgeting, also provided a good choice for students, and required students to be very precise and accurate in their calculations.