ADMS 2500 Study Guide - Midterm Guide: Double-Entry Bookkeeping System, Cash Flow Statement, Accrual

• School: York University
• Department: Administrative Studies
• Course: ADMS 2500
• Professor: all

Document Summary

Instructions: this practice exam does not indicate in any way either topics stressed or topics omitted from your actual midterm 2 exam coverage. Its sole purpose is to give you extra practice in writing computer graded multiple choice accounting exams. This is an actual exam from some previous year in a semester where there was only one midterm. This means the exam covered modules 1 to 12 inclusive and contained bookkeeping and theory questions which would not likely be appropriate in a two midterm environment. For instance, this exam did not include coverage of the cash flow statement (module 13), shareholders equity (module 12), long term liabilities (module 11) or time value of money (module 8) but did include coverage of module 14. It also contained a mini-bookkeeping case since there was no separate bookkeeping exam (midterm 1). You will double the learning value of this exercise if you take the exam under strict exam conditions.