midterm exam study guide_ACC-101-16feb.docx - ACC-101:...

This preview shows page 1 - 2 out of 3 pages.

ACC-101: PRINCIPLES OF FINANCIAL ACCOUNTINGMidterm Exam Study GuideEXAM STRUCTUREThe exam consists of multiple-choice and problem questions. The multiple-choice questions will require you to identify, define, and understand the concepts found in the course. The problems will require you to apply concepts and calculate values using provided data.KEY CONCEPTS*Chapter 1What is included in financial statements and what they provideWhere financial reporting is primarily directedWhat a strong internal control structure doesThe nature of generally accepted account principles (GAAP)The purpose of bookkeepingWhat bodies give the CPA designationWhat accounting isThe Sarbanes-Oxley Act of 2002 and what it createdWhat transactions are recordedFunctions of the accounting systemCharacteristics of the information used in financial accountingAccounting terminologyAccounting systemAuditBalance sheetFinancial accounting

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 3 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Winter
Professor
NoProfessor
Tags
Balance Sheet, Generally Accepted Accounting Principles, Thomas Edison State University

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture