Final exam for accounting PDF

Preview

Summary

Final exam questions for accounting...

Description

Exam Review (30%)

Comprehensive Exam (Chapters 1, 2, 3, 4, 5, 7, 9, 10, 13, 14) Multiple Choice Tables/Definitions/Mix & Match/Short Answers Managerial vs Financial Accounting (Define with examples) Ie. Managerial: Forecast / Financial: Historic Operating Budgets (What 4 budgets make up the Budgeted Income Statement?) 

Sales Budget



Production Budget

 

Purchase Budget Operating expenses Budget

Ratios (Does an increase/decrease have a positive/negative impact???) 

Gross Profit Margin



Current Ratio

  

Quick Ratio Days Sales Outstanding Inventory Turnover

 

Manufacturing Overhead Period Costs

 

Step Fixed costs Mixed Costs

 

Process Costing Activity Based Costing

 

Predetermined overhead rate / Activity Rates Time Value of Money

Manufacturing Costs (Define and use examples) 

Direct Materials



Direct Labour

Types of Costs 

Variable Costs



Fixed Costs

Costing Methods 

Job Costing

Relevant Costs vs Irrelevant Costs Opportunity Costs Sunk Costs Calculation 

Product costing Methods – Calculating Manufacturing Overhead

 

PV Factors Break- Even (Buy or Not)



Equivalent Units...