Basic
150 minutes
0930-1200
Calculator is needed
Please write down answer clearly
Write answer in steps to earn marks
Multiple choice ten questions, each worth 2marks
Whatever isn't covered in the list will be covered in MCQ
Illustrate event/transaction how much revenue or expense should be given incident
Matching principle
Accounts receivable
Various methods
Allowance expense
Allowance for doubtful accounts
Inventory valuation calculation
FIFO, LIFO,
Depreciation expense calculation
Straight line
Unit production
Double declining
Bonds
How to calculate present value of bond
Bonds issued at par, discount, premium?
How do you calculate interest expense, coupon payment in the subsequent years
How it differs for different types
Cost accounting
Statement of cash flow
Indirect way
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mcq - 20
revenue and expense recognition
accounts receivables
inventory valuation
depreciation expense
bonds - 15
cost accounting
statement of cash flows - 15
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Cheat Sheet
Formats of financial statements (all)
debit credit (from tutorial PPT - double entry)
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slide 47 - topic 1
Write your letter to the purchasing manager of your company’s biggest customer, Peter Barnes, of Williamson Office Equipment. Keep the letter as short as possible.
Hints And Tips
1. Size Matters. Use a 12-point type. This is easier to read than 10-point. Older people, who are often senior managers, frequently need reading glasses. Make life easier for them.
1. Use white space. People find text easier to read if there is plenty of space as well as words. So do not be afraid to use short sentences and paragraphs. Breaking up text into manageable sections is a great favour to the reader.
1. Read aloud. There is seldom any good reason to use, in written documents, long words that are not used in ordinary speech. Occasionally, they may be needed for technical or specific reasons but, in general, don’t use long or unfamiliar words. Try to write as you speak. Read what you have written aloud; see how