those who took accounting - please answer ASAP
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those who took accounting - please answer ASAP
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06-28-2007, 01:39 PM
what are the important points in Managerial accounting that came in the exam?
thanks! i'm sorry i made an another accounting thread but i have the exam in about 14 hours and i need to know ASAP.
06-28-2007, 02:24 PM
Redmuse Wrote:what are the important points in Managerial accounting that came in the exam? Redmuse, The best advice I can give you is written in the post I made right after I took the exam. You can find it here: http://www.instantcertonline.com/forums/...ost28.html Best of luck to you, Snazzlefrag
My name is Rob
_____________________________________ Exams/Courses Passed (43): - Courses (4): 1 Excelsior, 1 CSU-Pueblo, 2 Penn Foster. - Exams (39): 24 DSST, 15 CLEP. Total Credits: 142 (12 not used). [SIZE=1]GPA: 4.0 [/SIZE]
06-28-2007, 02:42 PM
Redmuse,
I just took the exam about 8 hours ago. As for managerial accounting... CVP, ABC, Process/Job costing - Contribution Margin, Leverage (Debt/Equity Ratio) Know which ratios belong to which groupings, e.g. profitability ratios, liquidity ratios etc Looking overall at the exam, managerial is less than 40% of the content, so you can expect it to be less of a factor on the exam. Good luck! Let us know how you go...
06-28-2007, 03:05 PM
thank you guys that was helpful!
12 hours and 56 minutes left :eek:
06-28-2007, 06:16 PM
ridin8ude Wrote:Redmuse, I agree. Incredible memory, Ridin8ude! 
06-28-2007, 06:26 PM
ridin8ude Wrote:Redmuse, ridn8ude, check your PM's. It is important.
[SIZE="4"]auminer49r[/SIZE]
Completed a B.S. in General Business at Excelsior College (3.86 GPA) Left to take: NOTHING!!! ... But, I'm still sticking around... 
06-28-2007, 08:02 PM
I had mainly the same. I recall two break even unit calculations which were very easy and could be done in my head. There was one crazy question involving ski lifts that I just guessed at. The other questions were not terribly difficult and involved basic concepts.
Follow the advice from Snazzlefrag on time management. I just posted my summary of how I took the test and although I used all of my time, at no point did I feel rushed. Good luck.
06-28-2007, 08:15 PM
Hah! That's funny, I remember the crazy ski lift question as well.
By the time I was on that question my head was spinning so much, I think I just randomly guessed the middle number (653,xxx), not sure why that stuck in my mind I was so happy to think I was done with all this financial numbering and stuff, only to realize tonight that I still need to take the DSST Principles of Finance bummer...
06-28-2007, 08:43 PM
I guessed the same number as well. I'm looking at having to take that test also but I think I'll take the Principes of Marketing first. I need a break from debits and credits for a couple of weeks.
06-28-2007, 10:07 PM
(This post was last modified: 06-28-2007, 10:12 PM by iwannapass.)
i remember p/e ratio; abc costing; process costing; bonds, lifo, fifo, weighted average, the difference between the balance sheet, income, cash flow, cost of goods sold,break even analysis, standard costs, variances, bank reconciliations, %salary of owners in corp scenario, what are considered investing-financing-operating activities, interest on bank notes..
TESC BA Social Sciences (Completed Feb 09)
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