Final Exam SP2011 Review sheet

Final Exam SP2011 Review sheet - Review & Exam-Taking...

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1. Review (start reviewing for the final NOW if you have not yet): a. Start with my lecture notes (if there is any conflict between the lecture notes and the textbook, go with the lecture notes. The textbook has not kept up with some accounting updates. ) a.i. Make sure you UNDERSTAND the concepts and problems in the lecture notes a.ii. Generate a summary sheet for each type of concepts/questions a.ii.1. E.g., for statement of cash flow problem, what are the steps for direct/indirect method? What transactions affect operating/investing/financial activities? b. Review homework problems, in-lab assignments, quizzes b.i. Make sure you UNDERSTAND the problems and solutions b.ii. Again, enrich your summary sheets from Step a with what you’ve learned from the problems here c. Review the textbook materials, if you are still unclear about something. d. Do the suggested practice problems for additional practice. e. Come to my office hour or email me if you have any questions. More than likely, your classmates will have similar questions. 2. Exam: a. Pace yourself well. Do not hung up with one (part of ) question, you may want to move on to the next one then come back to the first question in the end if you still have time. b. Don’t leave any question blank. You will be given partial credit for partial work!!! And always show your work for partial credit!!!
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Cumulative Final Exam Composition 1. Total points for Cumulative Final Exam*: 380 points. It represents 38% of your total course grade. 40% of the final will be cumulative (covered in Parts 1 and 2 of the course syllabus), and 60% will pertain to current topics (covered in Part 3 of the syllabus).* 18 Multiple Choice 5 Problems Total by topic Conceptual 16 points (4.2%) 16 points (4.2%) 14 points (3.7%) 14 points (3.7%) I/S (Ch 4) 24 points (6.3%) 24 points (6.3%) Receivables (Ch 7) 8 points (2.1%) 14 points (3.7%) 22 points (5.8%) Inventory (Ch 8 &9) 16 points (4.2%) 16 points (4.2%) PPE (Ch 10 & 11) 16 points (4.2%) 16 points (4.2%) Intangibles (Ch 12) 8 points (2.1%) 8 points (2.1%) Accounting Changes/Error Correction (Ch 22) 38 points (10.0%) 38 points (10%) Current Liabilities (Ch 13) 24 points (6.3%) 50 points (13.2%) 74 points (19.5%) Long-Term Liabilities (Ch 14) 16 points (4.2%) 70 points (18.4%) 86 points (22.6%) 16 points (4.2%) 50 points (13.2%) 66 points (17.4%) Total by question type 144 points (38%) 236 points (62%) 380 points (100%) 18 multiple choice questions (8 points each) will NOT be graded for partial credit. The 5 “work-out problems” will be graded for partial credit. Thus, show your work and complete as much as you can on these problems to earn as much credit as possible!
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Final Exam SP2011 Review sheet - Review & Exam-Taking...

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