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Past Exam for ACCT 201 - FIN ACCT CONCEPTS with Schleifer at Clemson (Clemson)

Exam Information

Material Type:Final
Professor:Schleifer
Class:ACCT 201 - FIN ACCT CONCEPTS
Subject:ACCOUNTING
University:Clemson University
Term:Fall 2007
Keywords:
  • Return on Equity Ratio
  • Perpetual System
  • Indirect Methods
  • Trend Analysis
  • Differences
  • Profitability
  • Amortization
  • Similarities
  • Stock Split
  • Financing Activities
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Sample Document Text

INFORMATION ABOUT THE ACCOUNTING 201 FINAL EXAM The final exam in Accounting 201 is Friday, December 14th at 6:30 PM. The exam room locations are listed at the end of this message. The final consists of 75 multiple questions worth 2.2 points each. Since the final exam is a 150 point exam, it is possible to score 165 points. That represents a built-in potential bonus of 15 points. In other words, you get an extra .2 points for each question you answer correctly. The exam covers chapters 1 through 13 (it is cumulative). Approximately 35 of the questions require calculations to obtain the answer. You are responsible for all material assigned during the semester. To be successful on the exam you should, at a minimum, be able to • • • • Describe the types of organizations (proprietorships, partnerships, corporations) and their advantages and disadvantages Name and explain the purpose and content of the four basic financial statements. [balance sheet, income statement, cash flows, and stockholders’ equity...

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