ACCT 3303 - SUMMER SEMESTER 2021 - REVIEW FOR ASSESSMENT 25 Questions - All Multiple Choice - Computational and Conceptual Worth Two Points Each - Total of 50 Points Chapter 1 Accounting Conceptual Framework/Information Characteristics GAAP Guidance Cash vs Accrual Accounting Financial Reporting Objectives Sample Problem - E1-9 Chapter 2 Accounting Equation Journal Entries Prepayments, Accruals, Deferrals & Estimates Sample Problems - E2-2, E2-4 Chapter 3 Contents of Balance Sheet Categories Sample Problems - E3-4, P3-5 Chapter 4 Chapter 5 Chapter 6 Revenue Recognition Principle Performance Obligations Revenue Recognized Over a Period of Time Method Sample Problems - E6-19, P6-10 Chapter 7 Chapter 8 Perpetual Inventory Systems Inventory Cost Flow Methods - FIFO, LIFO - Perpetual Systems Sample Problem - E8-4
Chapter 9 Lower of Cost or NRV Retail Inventory Method Sample Problems - BE9-1, E9-1, E9-13 Chapter 10 Calculation of Goodwill Non-Monetary Exchanges - Journal Entries Sample Problems - E10-1, E10-6, E10-7, E10-15 Chapter 11 Depreciation Methods & Calculation of Depreciation-Straight-Line, SYD Sample Problems - Q11-1, Q11-3, E11-1, E11-2, E11-3 Remember to Have Your Calculator Available
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