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06-28-2007, 01:39 PM
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those who took accounting - please answer ASAP
what are the important points in Managerial accounting that came in the exam?
thanks! i'm sorry i made an another accounting thread but i have the exam in about 14 hours and i need to know ASAP.     
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06-28-2007, 02:24 PM
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Quote:
Redmuse, The best advice I can give you is written in the post I made right after I took the exam. You can find it here: http://www.instantcertonline.com/for...82-post28.html Best of luck to you, Snazzlefrag
__________________
My name is Rob So far, I have earned 139 credits (12 not used). Excelsior College - BS Psychology (15 credits - 5 courses/exams to go) - BS Business (9 credits - 3 courses/exams to go) ____________ Upcoming: An UL business course of some kind. In-progress: ENG100 English Comp (PFC) Most Recently Completed: Tech Math I at PFC. Exams/Courses Passed To Date (42): - Courses (3): 1 ECE, 1 CSU, 1 PFC. - Exams (39): 24 DANTES, 15 CLEP.
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06-28-2007, 02:42 PM
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Redmuse,
I just took the exam about 8 hours ago. As for managerial accounting... CVP, ABC, Process/Job costing - Contribution Margin, Leverage (Debt/Equity Ratio) Know which ratios belong to which groupings, e.g. profitability ratios, liquidity ratios etc Looking overall at the exam, managerial is less than 40% of the content, so you can expect it to be less of a factor on the exam. Good luck! Let us know how you go...
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06-28-2007, 06:16 PM
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I agree. Incredible memory, Ridin8ude!
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I agree. Incredible memory, Ridin8ude! 
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06-28-2007, 06:26 PM
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ridn8ude, check your PM's. It is important.
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auminer49r Completed a B.S. in General Business at Excelsior College (3.86 GPA) Left to take: NOTHING!!! ... But, I'm still sticking around... 
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06-28-2007, 08:02 PM
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I had mainly the same. I recall two break even unit calculations which were very easy and could be done in my head. There was one crazy question involving ski lifts that I just guessed at. The other questions were not terribly difficult and involved basic concepts.
Follow the advice from Snazzlefrag on time management. I just posted my summary of how I took the test and although I used all of my time, at no point did I feel rushed. Good luck.
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06-28-2007, 08:15 PM
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Hah! That's funny, I remember the crazy ski lift question as well.
By the time I was on that question my head was spinning so much, I think I just randomly guessed the middle number (653,xxx), not sure why that stuck in my mind I was so happy to think I was done with all this financial numbering and stuff, only to realize tonight that I still need to take the DSST Principles of Finance bummer...
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06-28-2007, 08:43 PM
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I guessed the same number as well. I'm looking at having to take that test also but I think I'll take the Principes of Marketing first. I need a break from debits and credits for a couple of weeks.
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06-28-2007, 10:07 PM
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i remember p/e ratio; abc costing; process costing; bonds, lifo, fifo, weighted average, the difference between the balance sheet, income, cash flow, cost of goods sold,break even analysis, standard costs, variances, bank reconciliations, %salary of owners in corp scenario, what are considered investing-financing-operating activities, interest on bank notes..
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TESC BA Social Sciences 25 Fema Credits -done  Cleps taken: Human Growth & Dev - passed Intro to Ed Psych - passed Sociology - passed Analyz & Int Lit-passed English w/essay-passed Princ of Acct-passed Organizational Behavior-passed Intro to Computing-passed Ethics in America DSST-passed Last edited by iwannapass : 06-28-2007 at 10:12 PM.
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