ACCG105 - Last Minute Help (2 Viewers)

[golfstick]

It's on Monday

Bank reconciliation isn't in it is it???

I know very little at this stage. I have 2 days to turn it around. Who else on here does it?

I'll be starting a similar Econ141 thread soonish, stressing about that one too.

 

[Grizzly]

yay, i'll have do an adjusting entry on my sig then

for bank rec's

*thinks from 100*

edit: oh bank rec;s isnt in it, wow, lucky, =)

 

[pb]

does anyone know how the exam is gonna be set out? like how many short answers, journals and prac type of stuff and ... is there mc?

 

[orangeguy]

cant remember, but i heard a few MC's, a few Q's form Solaire and some short questions.

Econ141 should be a breeze, the underlying concept is very very similar to stat170. think about it.

 

[Orange Juice]

what??? i thought bank recon was in it? it was in our assignments

 

[golfstick]

It was in our assignments?

I just remember hearing that it wasn't in our last lecture.

I thought there were meant to be some essay questions in our exam too?

 

[pb]

essay questions?! i cant do essays.. awww r u serious

 

[HeCtic]

10 MC's and 6 questions worth 15 each were what I heard. Not too sure, I was trying to pick up this chick who I'd been checking out for a couple of lectures tho, it was the last time I'd see her till next year maybe, so I went for that over listening too hard to Samantha.


But yeah, we also have a seperate test on Solaire specific stuff too, lucky I photocopied my book befor ehanding it in eh?

 

[Orange Juice]

i coulda sworn there was a question about bank reconciliations... something about segregation of duties and all that nonsense crap...

hectic did you suceed?
i hope your wrong about the format... 15 mc is too less!

 

[pb]

yeh bank reconciliation was in our assignment

 

[Orange Juice]

im beginning to think that i should have studied more... i seem to be more worried now that we're closer to the exams...

 

[pb]

i shoulda studied more! i dunno jack poop for accg... or for acst

 

[Grizzly]

if bank rec's arnt in it - make sure u know ur p&l and balance sheet ....
do u have to calculate COGS for the PL ?

do you have to prepare a SCF ?
Make sure u can do the notes at the end if so.

im assuming that the qualitative characteristics for financial reporting are really important too...(the theory side)
memorise them, coz they ask if to read a few sentences, and say if there has been any violations, or incorect journal entries.
i.e, asset recognition/expenses recog.....then then entity assumption, historical cost etc etc...

they may also ask you like, what is the difference betwen perpetual and periodic inventory systems...and provide advice on a company that is about to choose one....



or maybe i'm just thinking about 100 and 101 too much and have no idea about the 105 exam

 

[golfstick]

But yeah, we also have a seperate test on Solaire specific stuff too, lucky I photocopied my book befor ehanding it in eh?

as did i

 

[toknblackguy]

so does anyone know what the format will be like?
if it's just a few MC and then 6 long answer questions i'm screwed

 

[Grizzly]

gets lots of sleep, and drink plenty of water..

wait, thats not my line....

goood luck !

 

[HeCtic]

From what I've heard we won't be getting any essay questions as such.

The 6 big questions MIGHT just be us showing them we can journalise,reverse,adjust, make financial statements etc, or they could throw in a bit of theory as well. Not for certain, but thats what most people think. I hope it's that way too.

All in all I've found once you get a basic understanding of debits and credits going then the rest should come pretty easily as it's mainly just processes you have to learn and can learn from practising a few times, and the theory and principles etc aren't that numerous or difficlut.

We should all pass it, good luck!!

 

[CloudStrife]

pass? i need a credit...stoopid acst exemptions....(-_-)
hope its not too hard....

GL all!

 

[Grizzly]

pass? i need a credit...stoopid acst exemptions....(-_-)
hope its not too hard....

GL all!

Yup, i heard about that, boy thats gotta sux....

If u dont Cr it ? they still let u do 200 lvl acst yeah ?
u just goota do 105 again ? =O

 

[orangeguy]

I think they let you do 200-level, but then you wont meet the Level 1 actuarial exemption thingy? So maybe you have to complete some post-grad module?