ETS Major Field Test Accounting Content

ETS Major Field Test Accounting Content - ETS Major Field...

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Prepared by: Salma Ibrahim ETS Major Field Test Accounting Content
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ETS Accounting Content Accounting topics constitute around 15% of test, covering: 1. Financial Accounting 2. Managerial Accounting 3. International Accounting Reference: Accounting Principles Textbook by Weygandt, Kieso, and Kimmel, 7th, 8th, or 9th edition
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1. Financial Accounting The following are the main topics included in the financial accounting area and some suggested sub-topics. Conceptual foundations: Accounting Equation Double-entry system Accrual accounting Accounting Assumptions e.g. economic entity assumption Generally Accepted Accounting Principles e.g. revenue recognition principle
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1. Financial Accounting (Continued) Income statement and statement of retained earnings Service vs. merchandising vs. manufacturing companies Determination of cost of goods sold, cost of goods manufactured Cash dividends vs. stock dividends Basic and diluted earnings per share
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1. Financial Accounting
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This note was uploaded on 02/20/2012 for the course H/A 121 taught by Professor Alamo during the Spring '12 term at Morgan.

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ETS Major Field Test Accounting Content - ETS Major Field...

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