Financial Services 2016 HSC exam pack (archive)
2016 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:
- knowledge of legal and ethical behaviour (Q16a)
- calculating the break-even point in units and with required profit (Q18b)
- knowledge of drawings (Q19)
- understanding the completion of a petty cash book up to balancing (Q20).
Candidates need to improve in these areas:
- understanding how the number of repayments impacts on loans (Q16b)
- understanding the different forms of communication (Q17a)
- calculating break-even point in dollars (Q18b i)
- calculating with break-even point to meet profit target (Q18b ii)
- using the correct GST account and calculation and posting of business transactions (Q19)
- using details of date, balancing, carried and brought down amounts to suit format (Q20).
Candidates showed strength in these areas:
- understanding the impact of poor work practices
- understanding how work practices effect the workplace and client
- incorporating detail and relevant examples in extended responses.
Candidates need to improve in these areas:
- using industry terminology
- clearly distinguishing between the impact of work practices on the financial services industry and on the business/workplace
- detailing cause and effect in responses.
Question 22
Candidates showed strength in these areas:
- demonstrating that bad and doubtful debts have an effect on Accounts Receivable status (part a)
- formatting a balance sheet.
Candidates need to improve in these areas:
- calculating doubtful debts and making allowance for doubtful debts (part a)
- explaining that doubtful debts are estimates and bad debts are actuals (part a)
- understanding doubtful debts does not affect balance of Accounts Receivable in ledger (part a)
- classifying balance day adjustment accounts (part c)
- presentation of allowance for doubtful debts and owner’s equity (part c).
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Financial Services syllabus
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