In case you missed it, these are Chapter 6 notes from class for Professor Youngki! Lecture 4: Chapter 3 Accounting Information Systems. Perpetual- records are updated continuously, Periodic- records are updated continuously. 1. Understand the difference between a perpetual and periodic inventory system. Good luck on the exam everyone. 3 pages. Name: Financial Accounting Exam 2 Study Guide Description: Chapter 4-7 Study Guide Uploaded: 11/02/2017. Learn more about characters, symbols, and themes in all your favorite books with Course Hero's What is the journal entry the responsible part will make under each FOB shipping term? Financial Accounting, Week 2 Notes. Course Hero is not sponsored or endorsed by any college or university. Study guide 2.docx - Financial Accounting Study Guide-Exam 2 Chapters 5 part of 7 8 and 9 The exam is scheduled for Wednesday November 2nd The format, The exam is scheduled for Wednesday, November 2. This preview shows page 1 - 2 out of 3 pages. - 8th Edition, Exam 2 Study Guide.docx - ACCT 2301 \u2013 Principles of Financial Accounting Exam 2 Study Guide MULTIPLE CHOICE Chapter 4 Understand the difference, ACCT 2301 – Principles of Financial Accounting. Lecture 7: Cont: Accounting Information Systems. Exam 2 covers chapters 5,6,8, and 9 which are all covered in this study guide. Financial and Managerial Accounting … Know the difference between a merchandising and a service company. 2 pages. Know the account classification, normal balance, and definition for the following accounts: Expense account- records cost of goods sold to customers, Asset account- shows the value of inventory on hand, Contra revenue account- records returns and allowances, Contra revenue account- records discounts to buyers for early payment. Know who would pay freight charges if goods were shipped FOB destination or if goods were shipped, Know how to record merchandising transactions for both the buyer and seller in a perpetual inventory, Purchase, Purchase Returns, and Making Payments, Beginning inventory + purchases – Ending inventory = Cost of. These are just the notes all condensed with definitions and concepts rather than example problems, keep in mind! ACG 2021. These are just the notes all condensed with definitions and concepts rather than example problems, keep in mind! CGFM Study Guide – Linda. 3 Pages 39 Views 1 Unlocks Reviews 4 pages. ACCT 2301 – Principles of Financial Accounting Exam 2 Study Guide MULTIPLE CHOICE Chapter 4 Understand the difference between a perpetual and periodic inventory system. FREE study guides and infographics! Lecture 6: The Accounting Cycle. Know how to compute net sales and … Chapter 5—Accounting for Merchandising Operations Know the difference between a merchandising and a service company. Exam 3 Study Guide. This textbook can be purchased at www.amazon.com. Chapter 5—Accounting for Merchandising Operations. Lecture 5: Continuation of Accounting Information Systems. 2 pages. Financial Accounting Study Guide-Exam 2 Chapters 5, part of 7, 8 and 9 The exam is scheduled for Wednesday, November 2 nd The format will be similar to Exam 1. Lecture 9: Chapter 4: Income Statement and Related Information. Understand the two shipping terms discussed in this chapter: Who is responsible for shipping costs under each FOB shipping term? Exam questions and problems will come from the following review items. I found the study guide to be very useful. Chapter 5 - Accounting for Merchandising Businesses. Good luck on the exam … 2 pages. Fall 2017. Be able to compute sales discounts allowed to encourage early payment of invoices. 2 pages. This is the set of notes for October 18th of Chapter 9: Long-Lived Assets which will be covered on our quiz due by Tuesday and our Nov.1 Test! gross profit and the gross profit percentage. These notes cover mainly Ch. These notes cover chapter 1: financial accounting and business decisions, Accounting, financial accounting, Income Statments, Net Income, Intangibles, patents, Copyrights, trademarks, franchises, asset, liability, and Amortization. The breakdown has a plethora of information needed to master the exam. Course Hero is not sponsored or endorsed by any college or university. Jeff Reinking. BSNS 160 Syllabus _Fall2020 - 08102020.pdf, EFE3B0CD-AB26-4419-819B-2DDE56942882.jpeg, 1691DF99-A22C-4CC1-B0C5-9CE19269DA68.jpeg, (Lecture 10) Chapter 4 Auditing the Revenue Business Process, (Lecture 12) Chapter 7 Auditing the Inventory Business Process, (Lecture 11) Chapter 6 Auditing the Acquisition and Expenditure Business Process, Thornton Township High School • IV ENGLISH, High School Of Economics & Finance • FINANCE 1145. This set of notes covers the in-class lectures for Chapter 8 which will be on our quiz and test! 3 pages. Name: Exam 2 - Financial Accounting Description: Exam 2 covers chapters 5,6,8, and 9 which are all covered in this study guide. Exam questions and problems will come from the following review items.