TOPICS THAT SHOULD DEFINITELY BE ON YOUR NOTE SHEET:
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Managerial and Financial accounting
QUESTIONS WILL BE
Accounting periods
STRAIGHT DEFNITIONS,
A = L + OE (all characteristics and balancing rules)
DIAGRAMS, CALCULATING,
Analyzing business transactions (steps)
AND APPLYING RULES
How to read source documents
All debit, credit, and normal balance rules for all types of accounts
Temporary and permanent accounts
What is a journal and a ledger and the difference; posting vs journalizing
Account numbers
Types of errors
Ruling and extending on a work sheet
Calculating net income
What is a profitability and liquidity ratio
Calculating return on sales, current ratio, and quick ratio YOU NEED TO BRING:
What makes up the current assets
- PENCIL FOR SCANTRON
Income summary rules
- CALCULATOR
Closing entries
Internal and external banking controls
Parts of a check
YOU WILL SIT EVERY OTHER SEAT
ABA numbers
Endorsements
Bank statements
Ethics