Trying to remember the ACCT1501 Final Exam layout (1 Viewer)

[mygo]

Trying to recollect how the test was setup but for some reason it feels like I'm forgetting a question entirely which is making me worried. Didn't sleep so I wouldn't be surprised if I missed an entire question without knowing -_-.

Question 1 : Journal Entries (31 marks) - corrected
Adjusting Entries (12 marks)
Inventory Flow Cost (6 marks) -- 2 questions 3 marks each

Question 2 : Liabilities and Equity Article (13 marks Total)

Composed like this ...
First question is worth 2
2 Questions worth 3 marks each for a total of 8 marks
Back of the page had a 5 mark question on equity financing disadvantages/advantages

Question 3 : OMG Limited LOL (8 marks Total)
FIFO LIFO AVG WEIGHTED
4 Questions at 2 marks each
Gogo creative names, this question stuck in my mind and I remembered it easily.

Question 4 : Revenue/Expenses (10 marks Total)

Question 5 : Bank Reconciliation (11 marks Total)
7 marks for the reconciliation (corrected)
2 marks each 2 questions on back (Journal entry question and 2 internal control weaknesses concerning this)


Question 6 : Accrual Accounting Concepts (9 marks Total)
Accrual profit calculation 3 marks
Accrual for short term? Disagree/Agree 3 marks
Prudence characteristics + example 3 marks


Completely Edited

Total marks 100 Question 2 edited.

Edited : JackyS remembered!@#!@ corrections included

 

[JackyS]

im pretty damn sure, journal entries was 31 marks...
and bank recon was 7 marks..

 

[mygo]

You're right, those numbers are sticking to me again. 31 for sure I got the 13 reversed in memory. 7 for the bank reconciliation sounds right, I think 4 was the estimated mark I'd actually score woops.

 

[JackyS]

oh, and the reply to your question
q4 = expense/revenues crap!!!
out of 10... i think! 3 for revenues + 7 for expenses for some weird reason =S!

 

[mygo]

Ohhhhhhhhhhhhhhh I REMEMBER THAT QUESTION!!

Woot thanks you've made my day. I was going crazy thinking that I totally blew this test missing a complete question.

I remember answering that part semi-confidently.

PHEW. I can sleep now.

 

[Loz_metalhead]

How did everyone find the exam?

I think I did bad in the first part.

 

[juzmister]

Exam was tough...First part I found ok, I was completely exhausted by the time I got to the second part. I had 5 hours of sleep last night lol, hopefully should get through...I'll have to do terribly to not pass the class...My bank recon wouldn't work either...:burn:

 

[Loz_metalhead]

Didn't Caitlin say if you go bad in the final but still have 50 overall they may still fail you?

 

[juzmister]

Yeah she did...However, I got 35/40 on the Mid-session 9.5/10 on Perdisco and 4/5 for Class participation...My final will look like the bad day it was...

 

[Raginsheep]

Alot of subjects have a "you must pass this assesetment to pass even though your aggregate mark is over 50".

There might be some leeway depending on circumstances.

 

[juzmister]

I was really annoyed that the bank recon went over the page...I didn't see that stuff until the last ten minutes of the exam ..Really irritating...The articles were much better than expected though, what did everyone find difficult?

 

[Loz_metalhead]

Hmm lets see. ...the fact that they didnt hand out the case book until after reading time...also I felt very pressured for time-didnt finish the adjusting entries(I did the other sections first). I'm not sure if my general journal entries were right...

The other sections of the paper were ok. My overall mark so far is 32, so I just hope I pass this exam.

 

[Chris.]

Hmm lets see. ...the fact that they didnt hand out the case book until after reading time...also I felt very pressured for time-didnt finish the adjusting entries(I did the other sections first). I'm not sure if my general journal entries were right...

The other sections of the paper were ok. My overall mark so far is 32, so I just hope I pass this exam.

.....

how do u even know wat u got right or wrong?

 

[Loz_metalhead]

Oh sorry, I meant overall mark for all the other assessments. I converted them to the weighted mark out of 100. To bad you have to pass the final. Lol