will the Business Studies exam ever ask...? (2 Viewers)

[16021991]

Hi Everyone,

Will the Business Studies exam ever ask you to create any financial statements?

I've seen questions about components about a financial statement (gross profit, etc), but no "create a balance sheet for Business X" type questions...

Don't want to go out of my way to know EVERYTHING about these statements

Thanks!!!

 

[Absolutezero]

No. At most, they'd make you fill in a balance sheet, but you wouldn't have to create one.

 

[the-derivative]

Hi Everyone,

Will the Business Studies exam ever ask you to create any financial statements?

I've seen questions about components about a financial statement (gross profit, etc), but no "create a balance sheet for Business X" type questions...

Don't want to go out of my way to know EVERYTHING about these statements

Thanks!!!

It's been asked in trials before (I think I saw it in the QATS and ARC trials), but I haven't seen it ever in the HSC or the more prominent trials (i.e. CSSA, Independent).

So it's possible, but highly unlikely.

 

[Eddykungfu]

Physically drawing them up isn't in yr 12 syllabus.

But if you know your statements, shoudn't be a problem.... If you think about it, they are testing our knowledge on the statements, not our ability to use up 10 mins of an exam drawing it up

 

[carlytse621]

so we don't have to remember the financial data of the case study? :0

 

[Eddykungfu]

You do, but you just don't have to PHYSICALLY draw the statements up

(E.G Collumns, headings, etc).

 

[Sadiah]

aye do we have to link our case study thoroughly to the financial statements, and the ratios bla bla bla? or can we just refer very briefly to it?

 

[Eddykungfu]

Case Study per Syllabus point in your response.

 

[Sadiah]

Case Study per Syllabus point in your response.

Ugh.

You've recked my mood.

 

[Eddykungfu]

Or I could have not said that, and you wouldn't know for Tuesday, and consequently lose a few marks .

 

[Sadiah]

Or I could have not said that, and you wouldn't know for Tuesday, and consequently lose a few marks .

Okay. I'm sorry.

I appreciate your kind assistance.

Hopefully, I will bear your tip in my mind.

Heyy sorry one more question..you seem to be really good at business

so like, just to clarify..

for the extended response, you have to be talking about the case study in like every paragraph?

thanks

 

[Eddykungfu]

Not Rly -.- got 90 % in trials -.- Really Low Band 6 .

Oh well I done a lot of study since then.

I'm not saying One Case-Study per syllabus point to bug you. My teacher marked the 2nd extended response for 2 years.

Here is where I know from experience
I Got 11/20 for my extended response in the trial, because I was stressed ,and only remembered to add case studies with 3 MINS to go, despite all the prac papers I did . I also lost another mark in MC.

My teacher said, You MUST have a case study to support EACH syllabus point/paragraph.

and IF you don't remember/know any case studies, MAKE THEM UP. He said the BOS instructed that if students did not attempt to use ANY case studies at ALL, their maximum mark was 8/20...

I don't think I will ever forget case studies again now, (Once bitten, twice shy). Hopefully I can attain a Good band 6...

 

[Sadiah]

Not Rly -.- got 90 % in trials -.- Really Low Band 6 .

Oh well I done a lot of study since then.

I'm not saying One Case-Study per syllabus point to bug you. My teacher marked the 2nd extended response for 2 years.

Here is where I know from experience
I Got 11/20 for my extended response in the trial, because I was stressed ,and only remembered to add case studies with 3 MINS to go, despite all the prac papers I did . I also lost another mark in MC.

My teacher said, You MUST have a case study to support EACH syllabus point/paragraph.

and IF you don't remember/know any case studies, MAKE THEM UP. He said the BOS instructed that if students did not attempt to use ANY case studies at ALL, their maximum mark was 8/20...

I don't think I will ever forget case studies again now, (Once bitten, twice shy). Hopefully I can attain a Good band 6...

Haha your funny.

No, I think, from the way you describe yourself, you are likely to get a band 6.

Sorry if this is buggin you but...one more thing

Can you have only ONE case study flowin through out your essay...or do you have to have more than one?

thanks

 

[Eddykungfu]

My teacher gave me Tips on this too: (P.S He does tutoring as well, and his two students from last year achieved a 1st in state and 4th in state ranking for Business respectively, so He knows his shiz ).

1. Use as MANY case studies as possible, and make sure they are relevant. He said when he was marking the extended responses, many candidates had just MEMORISED their case study material, and "Inserted in" the memorised paragraphs into the essay, with no relevance to syllabus point or question).

2. STAY AWAY FROM QANTAS. He said 75% of papers he marked were from Qantas, and that all the BOS markers know Qantas from back to front, so you can't BS.

3. Mention ALL the case studies that will be in your essay in the introduction (Even if it is just one point).

Thats all I can remember him saying.

 

[Sadiah]

My teacher gave me Tips on this too: (P.S He does tutoring as well, and his two students from last year achieved a 1st in state and 4th in state ranking for Business respectively, so He knows his shiz ).

1. Use as MANY case studies as possible, and make sure they are relevant. He said when he was marking the extended responses, many candidates had just MEMORISED their case study material, and "Inserted in" the memorised paragraphs into the essay, with no relevance to syllabus point or question).

2. STAY AWAY FROM QANTAS. He said 75% of papers he marked were from Qantas, and that all the BOS markers know Qantas from back to front, so you can't BS.

3. Mention ALL the case studies that will be in your essay in the introduction (Even if it is just one point).

Thats all I can remember him saying.

Aww, your making me cry.

I only know one case study like in depth.

OrotonGroup.

Ahh well.

Thanks for your help, I really appreciate it, despite your critical remarks on my use of language.

 

[Eddykungfu]

Aww, your making me cry.

I only know one case study like in depth.

OrotonGroup.

Ahh well.

Thanks for your help, I really appreciate it, despite your critical remarks on my use of language.

With that being said, If you can utilise your Case studies and make sure they are VERY relevant to the question, this won't hinder your mark .

P.S Good work for staying away from QANTAS

 

[Sadiah]

With that being said, If you can utilise your Case studies and make sure they are VERY relevant to the question, this won't hinder your mark .

P.S Good work for staying away from QANTAS

As I said earlier, I only studied ONE case study. Will this affect my marks?

Oh but my case study is very relevant and unique as well.

thanks

 

[Eddykungfu]

The Rubric says

- Use your knowledge and relevant business case study/studies

You will not be marked DOWN on having 1, so long as you can justify properly, etc.

 

[Sadiah]

The Rubric says

- Use your knowledge and relevant business case study/studies

You will not be marked DOWN on having 1, so long as you can justify properly, etc.

Ahh I see

thanks mate

I wont bug you with any more questions, hopefully.

 

[Eddykungfu]

I mean, Barker College obtain lots of band 6's each year, and their Business Department CREATES a business for their year 12's to learn, as it covers each dot point.

It hasn't let them down.

But BSing a case study is a lot better than no-case study at all. That being said, it may be a little too late to be LEARNING full topics of case studies now.