Exam+ch+4-5-6

=AC 211 Exam Outline Chapters 4-5-6 March 30, 2010=

Chapter 4

Major topics include:
 * Adjusting entries
 * Posting adjusting entries
 * Preparing closing entries
 * Preparing financial statements after adjustments

Chapter 5

Major topics include:
 * GAAP
 * Multi-step income statements, comparative balance sheet, statement of stockholders equity
 * Comparisons to common benchmarks

Chapter 6

Major topics include:
 * Internal control
 * Bank reconciliations
 * Perpetual inventory systems
 * Merchandiser’s multi-step income statement

For each of the major topic areas, expect to see a couple multiple choice questions that will test your reasoning and computation ability. In addition, a problem similar to the group B problem PB 4-1 on page 185. (Solution posted on the course wiki)