[ACCT 4999] - Final Exam Guide - Everything you need to know! (310 pages long)

just a quick study guide for final exam

How do you alculate break-even point from dollars?
How do you calculate operation Leverage?
If given Fixed and variable overheads determine what amount wouldbe escorted on the variable cost sheet?
How do they relate: net present value and present value future cashflows?
How do you determine the equivalent units of production
How do you determine the rate of return on investment
How do you determine the budget cost of goods manufacturered
What's a budget? What's it's purpose?
If given the numbers for production beg inventory desired inventoryand sales volume determine how many you need to manufacture forthat month to meet the desired inventory?
High low method example:
Budgeted sale and conversion cost rate: what's included inthem?
Break even sales example with variable cost decreased by...
what kind of principal is inventory reduction?
Figure out overhead cost per unit when given labor hours machinehours and number of units with the cost of everything
Single plant wide multiple department and activity based costingpurpose?
Absorption cost balances sheet (has fixed amounts)
How do you determine activity rate for 6 differentdepartments
What's in conversion cost

ACCT 312 – Accounting Information Systems

Exam One (Ch. 1-3) Review Sheet:

The exam will consist of 25 multiple choice questions at2 points each.

Chapter Two:

1. Know the four major steps inthe data processing cycle.

2. Know which type of special journal would be used for avariety of business transactions: the sales journal, cash receiptsjournal, purchases journal, cash payments journal and generaljournal.

3. Know the purpose of the two types of subsidiary ledgers.

4. Understand the basics of how coding (e.g., account numbers)works.

5. Understand the difference between online or offline dataentry and batch or real-time processing.

6. Know the difference between master files and transactionfiles. (Problem 2.8)

7. Understand the basic components of an ERP and its advantagesand disadvantages.

Chapter Three:

1. Be able to read and understand the symbols used in data flowdiagrams (DFDs – context and level 0), BPD, and documentflowcharts.

2. Know why it is so very important for accountants to be ableto read and/or prepare flowcharts.

3. You will not have to prepare a DFD, BPD, or documentflowchart.

ACCT 312 – Accounting Information Systems

Exam One (Ch. 1-3) Review Sheet:

The exam will consist of 25 multiple choice questions at 2points each.

Chapter One:

Know the difference between data versus information.

Know the seven characteristics that make information useful andmeaningful. (Problem 1.4)

Be able to recognize the specific business processes that appearin the five business cycles. (Problem 1.8)

Know the six components of an AIS and the three importantbusiness functions they serve.

Know the relation between IT and business strategy.

Know the definition of a value chain and supply chain.

Chapter Two:

Know the four major steps in the data processing cycle.

Know which type of special journal would be used for a varietyof business transactions: the sales journal, cash receipts journal,purchases journal, cash payments journal and general journal.

Know the purpose of the two types of subsidiary ledgers.

Understand the basics of how coding (e.g., account numbers)works.

Understand the difference between online or offline data entryand batch or real-time processing.

Know the difference between master files and transaction files.(Problem 2.8)

Understand the basic components of an ERP and its advantages anddisadvantages.

Chapter Three:

Be able to read and understand the symbols used in data flowdiagrams (DFDs – context and level 0), BPD, and documentflowcharts.

Know why it is so very important for accountants to be able toread and/or prepare flowcharts.

You will not have to prepare a DFD, BPD, or documentflowchart.