Cumulative_Final_Exam_notesreview_sheet

Cumulative_Final_Exam_notesreview_sheet - ACCTG 211...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ACCTG 211 Cumulative Portion of the Final Exam notes/review sheet - 12 out of the 40 questions on the final exam will be devoted to this cumulative phase and will be worth 36% of the total final exam points - Objective: test students ability to: o Read a balance sheet o Analyze transactions during a period of operations o Prepare selected portions of the resulting multi-step income statement, balance sheet and statement of cash flows Note: except for those portions of the exam dealing with “manufacturing” issues, those students who diligently & successfully complete the Case Study for this course will be well prepared for this portion of the Final Exam. - Transactions will focus on: o Adjustments Deferred Revenues Deferred Expenses Accrued Revenues Accrued Expenses o Management of Long-Term Assets (LTA) Depreciation using: Straight-Line & Double-Declining Balance methods Disposal of LTA and determining gain or loss on the disposal o Inventory valuation using: FIFO, LIFO, Weighted Average Methods
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

Cumulative_Final_Exam_notesreview_sheet - ACCTG 211...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online