Financial Services 2015 HSC exam pack (archive)
2015 Financial Services HSC exam paper
Marking guidelines
Marking guidelines are developed with the exam paper and are used by markers to guide their marking of a student's response. The table shows the criteria with each mark or mark range.
Sample answers may also be developed and included in the guidelines to make sure questions assess a student's knowledge and skills, and guide the Supervisor of Marking on the expected nature and scope of a student's response. They are not intended to be exemplary or even complete answers or responses.
Marking feedback
Select from the sections below to view feedback from HSC markers about how students performed in this year’s exam.
Use the feedback to guide preparation for future exams. Feedback includes an overview of the qualities of better responses. Feedback may not be provided for every question.
Feedback on written exam
Candidates showed strength in these areas:
- demonstrating understanding of the advantages of different types of business ownership (Q.16 (b))
- calculating income and tax (Q.19 (a))
- demonstrating understanding of the bank reconciliation process (Q.21).
Candidates need to improve in these areas:
- understanding the difference between a WHS right and a responsibility (Q.16 (a))
- describing strategies to prevent cultural misunderstandings in the workplace (Q.17)
- understanding the effects of poor ergonomics on both the employee and the employer (Q.18 (b))
- demonstrating understanding of journals and the debit and credit rule, including the treatment of GST (Q.19 (b))
- understanding the difference between conflict of interest and conflict (Q.20)
- providing examples from the financial services industry (Q.20).
Candidates showed strength in these areas:
- identifying technologies available
- addressing all elements of the question
- providing workplace examples from workplace experience.
Candidates need to improve in these areas:
- familiarity with the range of products available in the financial services industry
- incorporating specific financial services examples
- using industry terminology and relevant legislation.
Candidates showed strength in these areas:
- understanding the purpose of an Accounts Receivable Ageing report (Q.23)
- differentiating between income and expenses (Q.23)
- understanding the importance of credit history (Q.25)
- demonstrating knowledge of the purpose and effect of the Reserve Bank’s monetary policy (Q.25).
Candidates need to improve in these areas:
- understanding the effect of inventory variance expense on cost of goods sold (Q.23)
- explaining the effect of doubtful debts and bad debts on profitability and financial situation (Q.23)
- understanding key components in regard to Gross Profit and Net Profit (Q.23)
- understanding the positive and negative effects of debt on the Australian economy (Q.25).
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Financial Services syllabus
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