ACTG2011 MIDTERM Exam-AID Review Package Tutor: Balpreet Singh (bsingh13@schulich.yorku.ca) York SOS 1 Preface This document was created by the York University chapter of Students Offering Support (York SOS) to accompany our ACTG2011 Exam-AID session. It is intended for students enrolled in any sections of 2012/2013 INTRODUCTION TO FINANCIAL ACCOUNTING II-ACTG2011 course who are looking for an additional resource to assist their studies in preparation for the exam. References Friedlan
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Finance 451 Exam 1 Study Guide Chapter 13: Financial Statement analysis; notes * Having insurance increases the chance of something happening (moral hazard). * Insurance industry… * Hancock Bank got into investments that they couldn’t handle and it back fired; got bought out by Whitney Bank. * Hancock’s investments were “too risky” * Internal evaluation‚ good ratios vs. bad ratios‚ analyzing all parts of a company‚ ratio analysis. * Of interest to shareholders‚ creditors
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significantly. An unqualified independent auditor’s report must be included in the annual report. Notes to the financial statements do not need to be included in the annual report because that information is only for internal users. A Management Discussion and Analysis section is required in annual reports to shareholders even when financial results are positive. 2) Notes to the financial statements include which of the following: A. B. C. D. An independent auditors report. Explanations of uncertainties
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of Financial Accounting Prepare written answers to the following assignments from Ch. 3 of Financial Accounting: * Questions 2‚ 3‚ 4‚ & 8 * Exercise E3-7 * Exercise E3-8 2. State two generally accepted accounting principles that relate to adjusting the accounts. Matching principle and revenue recognition principle 3. Rick Marsh‚ a lawyer‚ accepts a legal engagement in March‚ performs the work in April‚ and is paid in May. If Marsh’s law firm prepares monthly financial statements
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Exam #2 Study Review Chapter 4 social interaction • The process by which we act and react to those around us. microsociology • The study of human behavior in contexts of face-to-face interaction. civil inattention • The process whereby individuals in the same physical setting demonstrate to one another that they are aware of each other’s presence. impression management • Preparing for the presentation of one’s social role. social position • The social identity an individual has
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Study Guide for GCOM 123 Final Exam Fundamentals of Communication Chapter 1: Competent Communication What are the most common myths about communication? 1. Communication is the cure all2. Communicating is just common sense3. Communication quantity equals quality Explain the differences between the three models of communication: linear‚ interactive‚ and transactional. linear: one way‚ sender sends a message through a channel to a receiver in an atmosphere of noise interactive: back and
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+ CONCORDIA UNIVERSITY Course: Managerial Accounting‚ No.: COMM 305 & ACCO. 240 Sections: All Examination: Alternate Final Date: June‚ 2006 No. of Pages: 9 including the cover page Material Allowed: Non-programmable calculators and dictionaries Special Instructions: Answer all multiple choice questions in the Answer Sheet form no. 4521 Return the exam questions with your answers. Student Name: Student ID No
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Accounting and financial statement • Business going concern- dobry interes = IT WILL CONTINUE INTO THE FUTURE Current market value of its fixed assets is irrelevant‚ they’re not for sale. Fixed assets-środki trwałe. • NET BOOK VALUE->>Historical cost accounting = assets at original purchase price –accumulated depreciation charges. WARTOŚĆ KSIĘGOWA NETTO historyczna kalkulacja kosztów = aktywa w oryginalnej cenie zakupu-zgromadzone odpisy amortyzacyjne
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Final exam format‚ SPA 101 All accent marks will count as ¼ pt. on the exam‚ whether they are missing or misplaced. 1. Listening: You will hear a paragraph 3 times‚ but no more than 3 times. There are five statements that must be finished with information from the paragraph. There are 3 choices. Example: Rogelio hace ejercicios en a. El club b. en el gimnasio c. en su casa. From Lesson 1 2. Definite articles: You will see five nouns. In front of each noun‚ write the correct Spanish
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Financial Accounting and Reporting Case: America Online 1. What accounting approach has AOL used in the past that it is now changing (related to the $385 million)? AOL‚ prior to October 1‚ 1996‚ recorded the expenditure related to subscribers acquisitions as an asset and amortized monthly over a period < 24 months. This was a strongly criticized approach. Furthermore‚ the accounting approach in the article is considered aggressive. In October 1996‚ they discontinued capitalizing customer acquisition
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