ACCY 161 Fa14 E02 Study Guide UPDATED

Topics: Financial statements, Finance, Investment Pages: 3 (493 words) Published: November 19, 2014
1. The exam will be on Tuesday November 18th
2. The exam is taken primarily from the class notes and exercises. Use the text as a reference. 3. Prior exams will be posted to BlackBoard by November 9th
4. No class on Tuesday November 11th – University holiday
5. A practice exam will be emailed to you by Monday November 10th and we will go over it on Thursday November 13th as part of the exam review. 6. Extra office hours on Friday, November 14th ~ 10 AM to noon. Saturday November 14th from 10 AM to noon in Mr. Lundblad’s office. 7. Chapters 5 and 6 will be approximately 40% of the exam.

8. The exam will consist of with estimates of how much time will be needed: 1. 25 multiple-choice questions at two points each - 50 points ~ 25 minutes 2. FOUR Five journal entry problems for 40 points - ALL THE PROBLEMS REQUIRE YOU DO MAKE JOURNAL ENTRIES AND NOT ANSWER MULTIPLE-CHOICE QUESTIONS AS YOU MAY SEE ON PRIOR EXAMS: 1. Chapter 5 - Capital Projects Fund ~ ten minutes

2. Chapter 6 - Debt Service Fund ~ ten minutes
3. Chapter 8 - Tax Agency Fund ~ ten minutes
4. Chapter 8 - Investment Fund ~  NOW A TAKE-HOME PORTION DUE ON THE DAY OF THE EXAM – WILL BE EMAILED AND ON BLACKBOARD BY THURSDAY NOVEMBER 13TH – TEN POINTS AND TREAT AS HOMEWORK 5. Chapter 9 – Closing Entries ~ ten minutes.

9. You have 75 minutes to finish the exam so you will have just enough time. Here is a table of the major material for the exam
Chapter
Topics
Important Pages - 15 ed
Important Pages - 16 ed
Other Comments
5
Capital Projects Funds
171-172, 176, 184-189, 196
170-172, 176, 184-189, 195
Do sample problem with journal entries
6
Debt Service Funds
212-215, 222-227,239-241
210-217, 221-225, 238-240
Do sample problem with journal entries. Serial bonds only.
7
Enterprise Funds
257-259, 269-273
257-259, 270-272
No journal entries here
7
Internal Service Funds

No journal entries here
8
Fiduciary Funds
305-306, 307-326
307-308, 308-327
Do sample problem with...
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