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Accounting Mid-Term Exam Review for Financial Management Students

Prepare for the mid-term exam by reviewing PowerPoint slides, redoing homework problems, and practicing demonstrations cases. Focus on balance sheets, income statements, adjusting entries, FIFO, LIFO, ratio calculations, and time value of money. Practice with provided formulas and formats. Check office hours for assistance and be ready with required materials. Grades will be posted post-exam.

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Accounting Mid-Term Exam Review for Financial Management Students

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  1. Mid-Term Exam Review • Review power point slides • Redo homework problems • Do end of chapter demonstration cases • Review three quizzes I gave you • Review self-study quizzes in book • Go over examples in chapters

  2. Demonstration Cases Ch Page Focus 1 24 See required 2 71 Balance sheet, JE’s, T-accts 3 125 Income statement, JE’s, T-accts 4 181 Adjusting and closing entries 6 306 Case A only 7 362 FIFO, LIFO, analysis

  3. Demonstration Cases (cont’d) Ch Page Focus 8 424 All required 9 NM Review time value of money 10 529 Required 11 567 Required 16 NM Review all ratio calc. & meaning

  4. Formulas • Ratio formulas will be provided • FIFO, LIFO, Weighted Average

  5. Formats • Balance sheet • Income statement • Cash flow • Retained earnings • Adjusting worksheet

  6. Logistics • True False 27 1.5 = 40.5 • Multiple Choice 18 1.5 = 27 • Problems 5 7 = 35 • Total Points 102.5 We’ll start at 11:00 AM, or when I finish the Garrison lectures, which ever is sooner. We end at 1:00 PM sharp.

  7. Exam Office Hours • Wed 1/28 1:30 – 3:30 • Sat 1/31 8:00 – 9:00 • Or by email anytime

  8. What to Bring • Tranquilizers • Scantron #882 • #2 pencils (not pens!) • Calculator (not computer, cell phone, translator or any other programmable device

  9. Final Comments • Grades will be posted either late Sunday or Tuesday just before class

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