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Practice Final exam.pdf

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York University
Administrative Studies
ADMS 2500

York University APADMS250003 Introduction to Financial Accounting Practice Final ExaminationTest Form A Time30 hoursQuestions50 Instructions1 Submit Both the pink mark sense sheet and the exam will be collected Ensure your name is on both Marks will be deducted if you do not turn in your question paper Record your name and ID hereNAMEID 2 Mark Sense Sheet Record your name and student number and answer all questions on the computer mark sense sheet provided with an HB soft lead pencil Bring several pencils in case one breaks The computer will not recognize ink or hard lead pencilsTest Form is A and Code is your Section in the left columnFill in the bubbles for your name and student number in pencil your phone number is not requiredLeave the last column of the student number BLANK If you change an answer use a high quality eraser to completely remove the previous mark If the computer senses two answers to a question only the first scanned will be recognized3Exam Aids Only calculators without alphanumeric programmable memories are allowed It is strongly suggested you bring a couple of cheap 4 function computers to the exam in case one fails Be prepared to be challenged by invigilators if you bring a fancy calculator Compact foreign languageEnglish dictionaries may be used However these will be examined by invigilators If there are any loose pages or handwriting in the dictionary it will be seized and you will be charged with academic dishonestyIn 2500 invigilators answer no questions of interpretation They will pass along questions regarding possible errors typosmissing data to the head invigilator If you believe a question contains an error and do not receive a response make a detailed note on the back of your pink Scantron sheet and submit it with your paper4 Exam StrategyCareful budgeting of time on an accounting exam is essential Bring a watch and check your progress regularly Poor time management is the most common reason for poor exam performance in accountingIt is always a good idea to attempt the questions you deem easiest first In an interrupted exam that is not restarted your exam will be scored based on questions attemptedIt is essential to transfer your answers to the grading sheet after each question in case the exam is interrupted by fire alarmThe last ten minutes of an exam should be devoted to double checking your transfers What you submit is what is graded If you have not transferred your answers to the mark sense sheet at the end of the exam the invigilator will not wait Your answer sheet will be seized and it will be graded based on whatever questions have choices filled inRemember there is no penalty for guessing on a multiple choice computer graded exam Submit a choice for every question Also note that in 2500 None of the above does indeed represent a frequent correct choice to questions 5 Exam room regulationsAll personal belongings either on the floor or at the front of the exam room All items on your desk will be examined by invigilatorsBring appropriate ID as proof of registration You will be required to sign in and show appropriate documentation Students without ID will be allowed to write the exam but will be photographed and asked to submit registration and photo ID to the School of Administrative Studies the next dayNo student may leave the exam in the first hour No student may start the exam after an hour Students requiring restroom visits must be accompanied by an invigilatorThe proctors will announce when there are 15 minutes remaining and any answers not transferred should be recorded at this time No one is to leave their seat in the last 15 minutesWhen time is called the proctors will go down the rows collecting your answer sheets and this exam paperThey will not wait and they will not accept your sheet once they have passed Any violation of this protocol will result in a grade of zero recorded for the exam 6 Fire AlarmsA frequent occurrence in York exams In the event of a fire alarm you are to leave your exam and answer sheet face down on your desk and immediately proceed outside with coats and all personal belongingsPrint your surname on the back of the exam so you know which seat to return to An invigilator will lead the group outside to a place of safetyThere is to be no talking during the evacuation or outside Most rooms are cleared so that exams can recommence within 30 minutes of the alarm You will be told after this time whether to reenter the room and recommence the exam or to go home 7Academic DishonestyYou are reminded that cheating is a serious offense which can result in expulsion from universityExams at York are held in regular classrooms which may involve tiered seating Consequently neck exercises are not allowed during exams First instance of wandering eyes has the student relocated to the front of the room Second instance results in seizure of paper8 Special InstructionsDouble check your transfers to the pink scantron sheetThis exam is divided into two parts part 1 30 questions and Part 2 20 questions Part 2 is a case which is related to a series of questions based on that case While an attempt has been to minimize the impact of carry forward errors in question design some questions of necessity are related to multiple computations or previous questions so an error potentially can have multimark impact Part 1 contains questions based on different and independent scenarios unrelated to the case of Part 2The exam clearly indicates when a group of questions are related to a single data set Otherwise assume each question is independent of the othersThere are four present value tables and a cheatsheet of ratios for financial statement analysis appended to this exam in case you need to use themWith 180 minutes to do 50 questions you should budget your time carefully and not spend more than 3 minutes on a question If you do you risk not finishing the exam A time honoured exam strategy is to attempt the easiest questions first This builds confidence creates a bank of correct answers if the exam is terminated by fire alarm and also builds a time cushion to spend extra time on difficult questionsADMS2500Winter 2011Page 2
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