CLA 2323 Study Guide - Final Guide: Twelve Olympians, Typhon

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5 Feb 2016

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Plate a : section 1 theme: love gained / love lost. Part e: images: choose 2 sections from 2 different plates. Possibilities: section 1+3 or 1+4 or 1+5 or 1+6 or 2+3 or 2+4 or 2+5 or 2+6 or 3+5 or 3+6 or 4+5 or 4+6. Give a very short description of the myth we see in the image specifying the main characters (you. From each of the two sections, do the following: may underline them) (3 for each image= 6 points)) Connect the two images with the common theme and make comparisons. (4 points) (you should choose only one section from plate a, either section 1 or section 2 and discuss both images of that section) Image a: in the image here aphrodite is bringing the statue galateia to life granting pygmalion"s wish to be with his beloved creation forever. (3) Image b: in the image here orpheus is using his superb musical skills to plead with hades and.

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SECTION II: MATCHING (10 possible points)
Please match the numbered terms with their definitions by placingthe letter that identifies the best definition in the blank spacenext to the term. The value of each correct answer is 1point.

____ 1. Accrual Basis

____ 2. Cost Principle

____ 3. Credit

____ 4. Debit

____ 5. Generally Accepted Accounting Principles(GAAP)

____ 6. General Ledger

____ 7. Journal

____ 8. Liquidity

____ 9. Matching Principle

____ 10. Materiality

A. The various methods, rules, practices, and other proceduresthat have evolved over time in response to the need
to regulate the preparation offinancial statements.
B. The magnitude of an omission or misstatement in accountinginformation that will affect the judgment of
someone relying on theinformation.

C. A book, file, hard drive, or other devices containing all ofa companyâs accounts.

D. An entry on the left side of an account.

E. An entry on the right side of an account.

F. A chronological record of transactions, also known as thebook of original entry.

G. The association of revenue ofa period with all of the costs necessary to generate thatrevenue.

H. Assets are recorded at the cost to acquire them.

I. The ability of a company to pay the debts as they comedue.

J. A system of accounting in which revenues are recognized whenearned and expenses are recognized when
incurred.

SECTION III. SHORT ANSWER

1. Explain the difference between internal andexternal users of a corporationâs financial information. Give twoexamples of
internal users and two ofexternal users.

2. How do financial accounting andmanagement accounting differ?

3. What does relevance mean with regard to theuse of accounting information?

4. Briefly explain the purpose of a TrialBalance.

5. Explain briefly the Revenue RecognitionPrinciple. When should a publisher of magazines recognizerevenue?

CLA 2323 Study Guide - Final Guide: Twelve Olympians, Typhon

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