Final_Exam_FALL07_studyguide

Final_Exam_FALL07_studyguide - ACC240 Fall 2007 Final Exam...

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ACC240– Fall 2007 Final Exam – TENTATIVE STUDY GUIDE The multiple-choice questions may have several answers that appear to be correct; however, pick the BEST answer. Make sure you bring a calculator, pencils and an eraser . We will be using scantrons and these will be provided. Additionally, you will not be able to use the calculator available on cell phones. The exam is not finalized, but based on the draft, expect 50 multiple choice questions for a total of 200 points. Note: The following is not intended to be all inclusive and is based on the current exam draft Chapter 1 (2 question) Be able to: Compare and contrast managerial accounting with financial accounting and distinguish between the information needs of external and internal users. Chapter 2 (7 questions) Be able to: Classify manufacturing costs as direct materials, direct labor, or overhead. Understand the cost flow and calculate the cost of goods manufactured and cost of goods sold. Identify product costs and period costs
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Final_Exam_FALL07_studyguide - ACC240 Fall 2007 Final Exam...

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