Acct-212 Midterm Study Guide Essays

1107 Words Jul 5th, 2013 5 Pages
ACCT212 - Financial Accounting Midterm Exam Study Guide
1. The Midterm Exam is "open book, open notes." The maximum time you can spend in the exam is 3 hours, 30 minutes. If you have not clicked the Submit For Grade button by then, you will be automatically exited from the exam. In the Midterm Exam environment, the Windows clipboard is disabled, so you will not be able to copy exam questions or answers to or from other applications.
2. You should click the Save Answers button in the exam frequently.
This helps prevent connection timeouts that might occur with certain Internet Service Providers, and also minimizes lost answers in the event of connection problems. If your Internet connection does break,
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Changing a few words in a passage does NOT constitute putting it in your own words and proper citation is still required. Borrowed material should NOT dominate a student’s work, but should only be used sparingly to support your own thoughts, ideas, and examples. Heavy usage of borrowed material (even if properly cited) can jeopardize the points for that question. Uncited material can jeopardize a passing grade on the exam. As a part of our commitment to academic integrity, your work may be submitted to, an online plagiarism checking service. Please be VERY mindful of proper citation. * Sample Short Answer/Essay question: To demonstrate your knowledge of internal controls list three (3) controls with at least one being tied to technology. Then describe how each can be implemented and what the benefit to preserving business assets is.
8. Some of the key study areas are below. While these are key areas, remember that the exam is comprehensive for all of the assigned course content and that this study guide may not be all inclusive. * TCO 1 * Use accounting vocabulary. * Learn accounting concepts and principles. * Apply the accounting equation to business organizations. * Evaluate business operations. * Use financial statements. * TCO 2 * Analyze transactions. * Process transactions through steps in the accounting cycle. * Record transactions in the journal. * Use a trial

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