10-28-2014, 06:33 PM
UPDATE: Okay, so I just got home from taking the final exam for the cost accounting class and I thought I'd get my thoughts down before I forget anything. Most of the experience was similar to the final exam for my Intermediate Accounting II class. You are given 1 hour and the test is open book and open notes. For this exam, however, the instructions stated that you could use a computer to access the study guide as long as your proctor verified your computer and such. I didn't know that was an option so I didn't use it, but I don't know if it's really necessary. Also, the instructions said to use a blue or black pen except on math exams. I wasn't sure if this qualified as a math exam so I went ahead and used the pen.
As far as the exam itself, it wasn't too bad. There were several questions requiring you to work out the problems and then there were quite a few questions where you had to write a 2-4 sentence response. They don't seem to give you enough paper for your answers so I ended up flipping the paper over and writing on the back. (hopefully, that's not against the rules! <gulp>) Anyway, the hardest part with this exam is the time limit. It's really not enough time to look up the answers, even though it is open book so it's important that you understand the material.
Some topics I would recommend that you know are journal entries, T-accounts, process costing, price and quantity variances, overtime, activity-based costing, and overhead application.
Hope that helps. I'll update when I get the grade back.
As far as the exam itself, it wasn't too bad. There were several questions requiring you to work out the problems and then there were quite a few questions where you had to write a 2-4 sentence response. They don't seem to give you enough paper for your answers so I ended up flipping the paper over and writing on the back. (hopefully, that's not against the rules! <gulp>) Anyway, the hardest part with this exam is the time limit. It's really not enough time to look up the answers, even though it is open book so it's important that you understand the material.
Some topics I would recommend that you know are journal entries, T-accounts, process costing, price and quantity variances, overtime, activity-based costing, and overhead application.
Hope that helps. I'll update when I get the grade back.
CLEP:
West. Civ I - 65, A&I Lit - 66, Biology - 65, Chemistry - 55, Nat. Sciences - 64, US Hist I - 68, Am. Lit - 61, US Hist II - 62, Am. Gov. - 67, Macroecon. - 63, Microecon. - 75, College Comp. - 66, Prin. of Marketing - 68, Prin. of Mngt - 71
DSST:
Civil War and Reconst. - 70, Prin. of Supervision - 443, Intro to World Rel - 477, Intro to Bus - 443, HR Mgmt - 64, Intro to Computing - 458, Prin. of Fin. Acct - 80
, Bus Ethics & Society - 447, Prin. of Finance - 437
ALEKS:
Int. Algebra, College Algebra, Precalc, Intro to Stats., Business Stats.
SAYLOR:
Corp. Comm - 78%, Bus Law and Ethics - 76%
PENN FOSTER:
Manag. Acct. - 96, Int. Acct. 1 - 98, Int. Acct. 2 - 87, Cost Acct. - 94, Strategic Bus. Mngt. - 95
ADAMS STATE:
Auditing - 89
LSU:
Adv. Acct. - B
TECEP:
Fed Income Taxation
BSBA Accounting
West. Civ I - 65, A&I Lit - 66, Biology - 65, Chemistry - 55, Nat. Sciences - 64, US Hist I - 68, Am. Lit - 61, US Hist II - 62, Am. Gov. - 67, Macroecon. - 63, Microecon. - 75, College Comp. - 66, Prin. of Marketing - 68, Prin. of Mngt - 71
DSST:
Civil War and Reconst. - 70, Prin. of Supervision - 443, Intro to World Rel - 477, Intro to Bus - 443, HR Mgmt - 64, Intro to Computing - 458, Prin. of Fin. Acct - 80
, Bus Ethics & Society - 447, Prin. of Finance - 437ALEKS:
Int. Algebra, College Algebra, Precalc, Intro to Stats., Business Stats.
SAYLOR:
Corp. Comm - 78%, Bus Law and Ethics - 76%
PENN FOSTER:
Manag. Acct. - 96, Int. Acct. 1 - 98, Int. Acct. 2 - 87, Cost Acct. - 94, Strategic Bus. Mngt. - 95
ADAMS STATE:
Auditing - 89
LSU:
Adv. Acct. - B
TECEP:
Fed Income Taxation
BSBA Accounting
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