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Unformatted text preview: 1 ACCT 3110: External Financial Reporting 1 2011 Summer Session 1 Exam 2 Information Exam Date and Times: The second exam will be available through the class Connect Accounting website beginning Friday, June 3 at 6:00am and ending Friday, June 3 at 11:00pm. Time Limit: Students will have 75 minutes to complete the exam once the exam has been started until 11:00pm Friday, June 3. Reminders: 1. Giving and/or receiving information about the exam is an act of academic dishonesty. 2. The exam is an individual effort and not a group project. 3. No exam submissions will be accepted after the deadline. Exam Format: The exam consists of 50 multiple choice questions that are worth 2 points each. The exam is open book and open notes. Exam Topics: Questions on the first exam over chapters 5 and 7 are based on the textbook learning objectives listed below. CHAPTER 5 Learning objective 1: Discuss the general objective of the timing of revenue recognition, list the two general criteria that must be satisfied before revenue can be recognized, and explain why these criteria usually are satisfied at a specific point...
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This note was uploaded on 06/05/2011 for the course ACCT 3110 taught by Professor Snow during the Spring '11 term at Toledo.
- Spring '11