mid1 review - Accounting 3110 External Financial Reporting I Review for Midterm Exam 1 Exam day instructions 1 2 3 When entering the classroom please

mid1 review - Accounting 3110 External Financial Reporting...

This preview shows page 1 out of 1 page.

Accounting 3110: External Financial Reporting I Review for Midterm Exam 1 Exam day instructions: 1. When entering the classroom, please select a seat several seats away from another student. You will not be given an exam if you are seated next to another student. 2. The only calculator you may use is the required Aurora calculator or one from the Department of Accounting. 3. All other electronic devices (this includes cell phones, digital dictionaries, etc) must be kept put away in your backpack/book bag until you have turned in your exam and left the classroom. Exam Information: Midterm exam 1 consists of 33 multiple choice questions worth three points each. Below by chapter is a list of possible midterm exam 1 topics. Chapter 1: T Role of financial accounting, difference between cash accounting and accrual accounting (be able to convert cash amounts to accrual amounts and accrual amounts to cash amounts), GAAP definition, role of SEC and FASB, FASB pronouncements, steps in standard-setting process,
Image of page 1

You've reached the end of your free preview.

Want to read the whole page?

  • Spring '13
  • mosebach
  • Accounting, Balance Sheet, Generally Accepted Accounting Principles, International Financial Reporting Standards, Department of Accounting

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes