Accounting Exam – info for decision making
2 hour 15 minute limit examThe exam will be available from 9:00 a.m. Wednesday – 5:00 p.m Tuesday, Nov. 24. Remember that the exam also includes a research component in which you will enter your answer directly into the final exam. It is strongly recommended that you complete the research prior to beginning the final exam ( it will be provided as attachment). Access to the exam will be provided once a tutor is selectedkey components of exam:The final exam will cover the following topics: Fair Value, Revenue from Contracts with Customers, and Earnings Quality. Similar to the midterm you should know the theory and be able to apply the theory For example, in Fair Value I may describe a situation and ask you to determine the fair value of an asset and support your answer with the theory or ask you whether a contract exists in ASC 606 (Step 1) and you would apply the 5 criteria for a contract to state yes or no)There will be a GAAP research component for the final exam. The research question will be provided, You will enter your answer directly into the exam. in other words, make sure you have the research potion completed prior to beginning the final exam.
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