Questions 1.
Explain how activity cost drivers affect cost behavior.
2. Show how changes in cost driver levels affect variable and fixed costs.
3. Calculate break-even sales volume in total dollars and total units.
4. Create a cost-volume profit graph and understand the assumptions behind it.
5. Calculate sales volume in total dollars and total units to reach a target profit.
6. Differentiate between contribution margin and gross margin.
Question 2.
1. Explain step and mixed cost behavior.
2. Explain management influences on cost behavior.
3. Measure and mathematically express cost functions and use them to predict costs.
4. Describe the importance of activity analysis for measuring cost functions.
5. Measure cost behavior using the engineering analysis, account analysis, high-low,visual-fit and least-square regression.
Question 3.
Describe the purpose of cost management systems.
Questions 4.
1. Read and interpret basic financial statements.
2. Analyze typical business transactions using the balance sheet equations.
3. Distinguish between the accrual basis of accounting and the cash basis of accounting.
4. Relate the measurement of expenses to the expiration of assets.
5. Explain the nature of dividends and retained earnings.
Questions 5.
1. Recognize and define the main types of assets in the balance sheet of a corporation.
2. Recognize and define the main types of liability in the balance sheet of a corporation
3. Recognize and define the main elements of the stockholders' equity section of the balance sheet of a corporation.
4. Recognize and define the principle elements in the income statement of a corporation.
5. Recognize and define the elements that cause changes in retained earnings
Questions 6.
1. Describe how goodwill arises and how to account for it.
2. Explain and use a variety of popular financial ratios.
3. Identify the major implications that efficient stock markets have for accounting Please do not open the exam otherwise my exam will be cancelled. Once your expert is ready to take it, it can be opened and have it completed. Since this is multiple choice exam, I propose $60.
Questions 7
1. Describe the major users and uses of accounting info.
2. Explain the role of budgets and performance reports in planning & control.
3. Identify current trends in management accounting.