Midterm Tips - • profit margin, and • preliminary...

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AC574 – Midterm Exam Study Guide Contains two pages o Page 1 - 30 multiple choice questions @ 4 points each - 120 total points o Page 2 - 3 essay questions @ 20 points each - 60 total points o Total points - 180 Covers TCO A, B, C Covers Chapters 1 through 9 Questions are in “pools”. The major concepts in these pools are as follows: TCO A (60 points) Ten multiple choice questions including 9 various questions from chapters 1 through 4 and 1 question involving the calculation of; return on assets, or return on equity, or inventory turnover (40 points). Also, there is an essay question covering either: red flags of financial statement fraud; or the expectation gap and SAS No. 99; or horizontal versus vertical analysis. (20 points). TCO B (60 points) Ten multiple choice questions including 7 various questions from chapters 5 through 7 and 3 questions involving the calculation of:
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Unformatted text preview: • profit margin, and • preliminary understatement of income, and • income under the net worth method. (40 points). Also, there is an essay question covering either: • banks and money laundering; or • effective audit steps in detecting fraud; or • minimum income probes. (20 points) TCO C (60 points) Ten multiple choice questions including various questions from chapters 8 and 9 (40 points) Also, there is an essay question covering either: • demonstrative evidence; or • an expert report; or • preserving the integrity of evidence. (20 points) Remember • to save your answers; • submit your exam when you are finished; · the exam has a time limit of 3 hours - after that time your exam will close; · in the final exam environment, the Windows clipboard is disabled, so, you will not be able to copy exam questions or answers to or from other applications....
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This note was uploaded on 02/07/2009 for the course AC 574 taught by Professor Kabani during the Spring '09 term at Keller Graduate School of Management.

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Midterm Tips - • profit margin, and • preliminary...

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