DEBK Session Slides

DEBK Session
• By the end of today’s session(s), you will :
– Be aware of how to register for the exam

– Be familiar with the layout of the DEBK Exam
– Be knowledgeable of the topics and areas examinable
in the DEBK exam
– Be in a position to prepare yourself for the exam
CAP1 Financial Accounting

Accounting, Academic Year 2016/17
© Chartered Accountants Ireland
Registering for test
•Register to sit test in pre-determined “testing windows”, which

are indicated on the website.
CAP1 Financial Accounting, Academic Year 2016/17

DEBK Assessment
• Marks capped at 60% (12/20) after first attempt

• Marks capped at 60% (12/20) after first window (even if it is
the first attempt)
• First attempt covered in course fees. Subsequent attempts
must be paid for directly at time of registration (€/£81.40)
• Students with special needs should contact
[email protected] directly

Preparing for the test
• Attending Lectures
• Mock Exams at http://debktest.brandfour.com/
• Working through questions in core material
• Working through sample questions in DEBK Toolkit
• Read Guidance on Exam (page 5-7 DEBK Toolkit)

Accounting, Academic Year 2016/17
Preparing for the test
• Read all 4 Section Overviews (pages 8, 37, 64, 88 DEBK
Toolkit )
• Aim to complete required number of paper-based
questions in 65 minutes (allowing additional 10 for
computer-based environment)

Specific Examinable Areas
• Accounting for VAT
• Calculation and accounting for depreciation and fixed
assets in general
• Accounting for the disposal of a Fixed Asset including the
calculation of the Profit/Loss incurred
• Accounting for Closing Stock & Cost of Sales/Gross
Margin figures
• Accounting for Capital (Net Asset Equation)
• Accounting and treatment of Drawings

• Accounting and treatment of Wages/Payroll including Tax
Control accounts and Net Wage Control accounts
• Calculation and accounting for prepayments or accruals
including the calculation of a charge to the Income
Statement where there are accruals or prepayments
involved
• Accounting for bad debt write offs, bad debt provisions and
bad debts recovered
• Preparation and manipulation of Debtors and Creditors
Control Accounts and the calculation of a missing figure
within these

• Reconciliation of Debtors/Creditors Listings to control
accounts
• Preparation and manipulation of figures on a bank
reconciliation statement and preparation of bank control
account
• Preparing and correcting suspense accounts
• Ability to deal with all types of errors whether suspense
account related or not
• Knowledge of books of prime entry

• Calculation of Loan Interest and the disclosures required
for loan liabilities
• Preparation of a simple Balance Sheet, Income Statement
and Capital account from a Trial Balance with some
straight forward adjustments

At the Testing Centre
• Required to bring your calculator (see guidelines on

website re type of calculator)
• Turn up early, to allow for check in
• Must have valid ID (Driver’s Licence or Passport ONLY)
• Appointment lasts up to 1.75 hours or 105 minutes
• Optional Tutorial (15 minutes)
• Test (75 minutes)
• Optional Survey (15 minutes)

Optional Tutorial
• Optional Tutorial provided in test centre, to familiarise you

with the onscreen navigation
• Includes details of the “review” options
• You can navigate back and forwards in the test at any time
• You can mark questions for review, and see a list of these
by going to the review screen at any time. It is also
possible to unmark questions
• Maximum of 15 minutes allowed for tutorial, but can “end”
at any time (and start the assessment)

This is the title
screen at the
start of each test
Sample page from introductory tutorial
Note the tutorial page number Note the amount of time

remaining to complete the tutorial
This area guides you through the

onscreen navigation
At any time, you can press “end” to end the

onscreen tutorial before the allotted 15 minutes
are up
Sample page from introductory tutorial

Reviewing Questions

Page from tutorial explaining exhibits
In sections 1 and 4 of the DEBK assessment, you will be required

to click the exhibit button to enable a pop-up window which will
display additional question material. Please note this button will
usually be located in the bottom right corner of the screen.

Section 1: Questions 1 - 10
• 10 Questions, based on identical narrative/background

information
• For each “docket”, decide whether the item should be
“posted” to the accounts or “filed”
• “Dockets” are presented as “exhibits” in a pop-up window

Item is Posted IF
• Docket refers to the company/firm in question (either as a
supplier or customer)
• Docket relates to the specified period
• Docket is relevant rather than evidentiary in nature

Relevant Dockets vs. Evidentiary Dockets
Relevant Evidentiary
Sales Invoice Supplier Statement
Purchases Invoice Customer Statement
Sales Debit Note Goods Delivery Note
Purchases Credit Note Purchases Order
Packing Slip
Section 1: Sample question
Please note time remaining for DEBK assessment
Click here to see the “docket” referred to in the

narrative.

Section 1: Sample question with exhibit showing
The exhibit appears in a pop-

up window which can be
dragged around the screen

• 10 scenarios requiring journal entries

• A five line nominal ledger template is provided for each answer.
Only enter numbers in the places required.
• Note the requirement to “net off” entries (i.e.: only one figure for
each nominal ledger code; either debit OR credit)
• Assume all journals should balance i.e. Debits = Credits
• Where errors arise, assume that the suspense account is used
to post any differences

Section 2: Sample Question
Note that where debit & credit

entries are required for a
particular account code, only
1 entry should be made as
described here.


• 10 reconciliation type questions

• Each question requires a single, numerical answer
• Where appropriate, you will be given the option to use the
minus sign, IF required.

Enter answer here. Do not use a

minus sign, “ - ”, unless
specifically given the option in
the question.

In this example, you are

required to use the minus sign
(if appropriate) to indicate a
credit balance

• Single piece of narrative provided, including a list of
nominal ledger balances
• Some simple adjustments will be indicated within the
narrative
• Two templates will be provided for you to complete, based
on the narrative from the following list
– Income Statement
– Balance Sheet
– Capital Account

• Narrative can be recalled by using the “exhibit” button (as

in Section 1)
• Marks are awarded for sub-total and totals


Section 4: Sample Answer Template
The “Exhibit” button can be used to display a copy of the

question narrative. Alternatively, you can request this
information in paper-copy, as previously described.

After the DEBK Assessment
• Feedback
• Feedback to: [email protected]
• Feedback welcome on all parts of the process
(preparation, materials, registration, test centre etc.)
• Results
• Result posted on student web portal within 10 days.
• Result is notified to the firm


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What are the different sections of the exam?

What are the different sections of the exam?

What are some tips for preparing for the exam?

What are some tips for preparing for the exam?

DEBK Session

• By the end of today’s session(s), you will :

– Be aware of how to register for the exam

CAP1 Financial Accounting

•Register to sit test in pre-determined “testing windows”, which

CAP1 Financial Accounting, Academic Year 2016/17

• Marks capped at 60% (12/20) after first attempt

CAP1 Financial Accounting, Academic Year 2016/17

CAP1 Financial Accounting

CAP1 Financial Accounting, Academic Year 2016/17

CAP1 Financial Accounting, Academic Year 2016/17

CAP1 Financial Accounting, Academic Year 2016/17

CAP1 Financial Accounting, Academic Year 2016/17

CAP1 Financial Accounting, Academic Year 2016/17

• Required to bring your calculator (see guidelines on

CAP1 Financial Accounting, Academic Year 2016/17

• Optional Tutorial provided in test centre, to familiarise you

CAP1 Financial Accounting, Academic Year 2016/17

Note the tutorial page number Note the amount of time

This area guides you through the

At any time, you can press “end” to end the

CAP1 Financial Accounting, Academic Year 2016/17

CAP1 Financial Accounting, Academic Year 2016/17

In sections 1 and 4 of the DEBK assessment, you will be required

CAP1 Financial Accounting, Academic Year 2016/17

• 10 Questions, based on identical narrative/background

CAP1 Financial Accounting, Academic Year 2016/17

CAP1 Financial Accounting, Academic Year 2016/17

Please note time remaining for DEBK assessment

Click here to see the “docket” referred to in the

CAP1 Financial Accounting, Academic Year 2016/17

The exhibit appears in a pop-

CAP1 Financial Accounting, Academic Year 2016/17

• 10 scenarios requiring journal entries

CAP1 Financial Accounting, Academic Year 2016/17

Note that where debit & credit

CAP1 Financial Accounting, Academic Year 2016/17

CAP1 Financial Accounting, Academic Year 2016/17

• 10 reconciliation type questions

CAP1 Financial Accounting, Academic Year 2016/17

Enter answer here. Do not use a

CAP1 Financial Accounting, Academic Year 2016/17

In this example, you are

CAP1 Financial Accounting, Academic Year 2016/17

CAP1 Financial Accounting, Academic Year 2016/17

• Narrative can be recalled by using the “exhibit” button (as

CAP1 Financial Accounting, Academic Year 2016/17

CAP1 Financial Accounting, Academic Year 2016/17

The “Exhibit” button can be used to display a copy of the

CAP1 Financial Accounting, Academic Year 2016/17

CAP1 Financial Accounting, Academic Year 2016/17

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