those who took accounting - please answer ASAP

those who took accounting - please answer ASAP - Printable Version

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those who took accounting - please answer ASAP - Redmuse - 06-28-2007

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.

those who took accounting - please answer ASAP - snazzlefrag - 06-28-2007

Redmuse Wrote: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.

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/3982-post28.html

Best of luck to you,
Snazzlefrag

those who took accounting - please answer ASAP - ridin8ude - 06-28-2007

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...

those who took accounting - please answer ASAP - Redmuse - 06-28-2007

thank you guys that was helpful!

12 hours and 56 minutes left :eek:

those who took accounting - please answer ASAP - 4dkids - 06-28-2007

ridin8ude Wrote: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...

I agree. Incredible memory, Ridin8ude! Cool

those who took accounting - please answer ASAP - auminer49r - 06-28-2007

ridin8ude Wrote: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...

ridn8ude, check your PM's. It is important.

those who took accounting - please answer ASAP - jwturner421 - 06-28-2007

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.

those who took accounting - please answer ASAP - ridin8ude - 06-28-2007

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...

those who took accounting - please answer ASAP - jwturner421 - 06-28-2007

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.

those who took accounting - please answer ASAP - iwannapass - 06-28-2007

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..