8.3 Exam Techniques

Cards (38)

What is the purpose of understanding the exam format in the Edexcel A-Level Accounting exam?
Effective exam preparation
Section A of the exam consists of multiple choice questions.
Section B of the exam includes structured questions with a suggested time of 75 minutes.
How many marks are allocated to extended response questions in Section C?
30
Effective time management requires allocating time according to the marks awarded per section.
The Edexcel A-Level Accounting exam consists of three sections with different question types and mark allocations.
Order the sections of the Edexcel A-Level Accounting exam based on suggested time allocation.
1️⃣ Multiple Choice (25 minutes)
2️⃣ Structured Questions (75 minutes)
3️⃣ Extended Response Questions (40 minutes)
Understanding the specific requirements of each question is vital for success in the exam.
Which key phrases are associated with multiple choice questions?
"Select," "correct," "best"
Carefully reading questions ensures misunderstandings are avoided and all required elements are addressed.
What are the three sections of the Edexcel A-Level Accounting exam?
Multiple Choice, Structured Questions, Extended Response Questions
Effective time management is crucial; allocate time according to the marks awarded per section
How should time be allocated during the exam?
By marks awarded per section
Understanding the specific requirements of each question is vital for success.
Match the question type with its focus area:
Multiple Choice ↔️ Select correct answer
Structured Questions ↔️ Break down question into parts
Extended Response Questions ↔️ Comprehensive coverage of key aspects
In accounting exams, using precise accounting terminology is crucial for achieving higher marks
Match the accounting term with its definition:
Assets ↔️ Resources owned by an entity with future economic benefits
Liabilities ↔️ Obligations to transfer assets or provide services
Equity ↔️ Residual interest in assets after liabilities
Why is it important to show your workings in accounting exams?
Demonstrates understanding
Section A of the exam includes multiple-choice questions covering accounting practices and regulations
Suggested time allocation for each exam section:
1️⃣ Section A: 25 minutes
2️⃣ Section B: 75 minutes
3️⃣ Section C: 40 minutes
Multiple-choice questions in the exam require breaking down the question into parts.
False
When answering questions, key phrases such as "calculate" and "apply" indicate the need for a calculation
What is the primary benefit of showing workings in a tabular format?
Enhances clarity
Why is it crucial to show your workings in accounting exams?
Partial credit for understanding
Step-by-step calculations demonstrate full comprehension
What is the advantage of using tabular presentation for calculations?
Enhances clarity
A flowchart simplifies calculations involving multiple steps
The formula for COGS is $COGS =$ $Beginning Inventory +$ $Purchases - Ending Inventory$ .
Steps to calculate COGS using the formula
1️⃣ Calculate Beginning Inventory
2️⃣ Calculate Purchases
3️⃣ Calculate Ending Inventory
4️⃣ Apply the formula: Beginning Inventory + Purchases - Ending Inventory
What should students allocate their exam time according to?
Marks awarded per section
Match the exam section with its suggested time allocation:
Section A ↔️ 25 minutes
Section B ↔️ 75 minutes
Section C ↔️ 40 minutes
Why is reviewing answers crucial in accounting exams?
Ensures clarity, accuracy, completeness
To avoid arithmetic errors, double-check calculations and use a calculator
Incomplete responses can result in lost marks in accounting exams.
What is one benefit of practicing past exam papers?
Familiarizes with exam format
Practicing past papers helps improve time management during the exam.
Match the type of cost with its description:
Direct costs ↔️ Easily traced to products
Indirect costs ↔️ Cannot be directly traced
Panic during an exam can lead to arithmetic mistakes