Subjects · Leaving Cert Accounting
Leaving Cert Accounting: Accounting concepts
How often Accounting concepts comes up on the Accounting papers, every year it was asked, and questions to try.
HL Asked on 1 of the last 10 Higher Level papers, most recently in 2025.
Accounting concepts, Higher Level(6 marks)
Quick ones on Accounting concepts.
(a)Which concept matches expenses to the period they relate to?
- Prudence
- Accruals
- Materiality
(b)Changing the depreciation method every year breaks which concept?
- Business entity
- Materiality
- Consistency
(c)Which concept assumes the firm will keep trading for the foreseeable future?
- Going concern
- Prudence
- Consistency
Show the answers
(a) Accruals
(b) Consistency
(c) Going concern
Higher Level
Asked on 1 of the last 10 Higher Level papers, most recently in 2025.
Every paper, year by year
| Year | Where it came up |
|---|---|
| 2026 | Not asked |
| 2025 | Q3 |
| 2024 | Not asked |
| 2023 | Not asked |
| 2022 | Not asked |
| 2021 | Not asked |
| 2019 | Not asked |
| 2018 | Not asked |
| 2017 | Not asked |
| 2016 | Not asked |
Links open the State Examinations Commission’s paper for that year.
More Accounting concepts questions
Accounting concepts, 2 marks
Reliability means accounting information is…
- Prepared quickly after year end
- Shown in round figures only
- Free from material error and bias
Show the answer
Free from material error and bias
It can be depended on: free from material error and bias, and faithfully showing what happened.
Other Accounting topics
- Accruals and prepayments
- Bad debts and provisions
- Budgets
- Cash flow statements
- Correction of errors
- Depreciation
- Ratios — efficiency
- Ratios — interpretation
- Ratios — investment
- Ratios — liquidity
- Ratios — profitability
- Company final accounts
- Bank reconciliation
- Ratios — gearing
- Fixed asset disposal
- Control accounts
- Farm accounts
- Manufacturing accounts
- Marginal costing
- Overhead absorption
- Product costing
- Published accounts
- Cash budgets
- Club accounts
- Cost classification
- Final accounts
- Incomplete records
- Tabular statements
- Fixed asset revaluation
- Service firms
- Flexible budgets
- Stock valuation
- Trial balance
- Capital and revenue expenditure
- Departmental accounts
- VAT