acc1exam review

acc1exam review - ACC 3020 ITEMS WHICH MAY BE ON EXAM 1 The...

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ACC 3020 ITEMS WHICH MAY BE ON EXAM 1 The difference between Financial and Managerial Accounting Timing Reliability Internal user External user GAAP FASB Total Quality Management Just In Time Enterprise Resource Planning Product and Period costs The difference How to calculate How to use in an income statement Be able to calculate ($’s or ratios) Operating Income Net Income Gross Profit Cost of Goods Sold (Including Statement of Cost of Goods Sold) Cost of Goods Manufactured (Including Statement of Cost of Goods Mfg.) Cost of one unit Income statement and Income statement ratios Missing amounts in any statement or account The difference between statements (esp. Income statement) and accounts (esp. Inventory) of: Service companies Merchandisers Manufacturers Manufacturing Overhead What it is What makes up the actual How to account for the actual How to account for and calculate the allocated (applied or assigned)
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This document was uploaded on 02/14/2011.

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acc1exam review - ACC 3020 ITEMS WHICH MAY BE ON EXAM 1 The...

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