ACCT 210: Financial Accounting and ACCT 320: Strategic Management Accounting waiver exams

ACCT 210: Financial Accounting and ACCT 320: Strategic Management Accounting

Exam Information:

• Each exam is two hours long. Additional time is not allowed.
• The exams may include multiple-choice questions, journal entries, and short answers.

The Financial Accounting (ACCT 210) waiver exam focuses on the concepts and practices of financial accounting including:

• preparing entries to recognize economic transactions

• analyzing transactions and demonstrating the effect of the transactions on the components of financial statements

• using time value concepts to calculate the dollar effect on economic transactions

• preparing basic financial statements

• calculating basic ratios and trend analysis

• analyzing ratios and financial statements for decision-making purposes

The Strategic Management Accounting (ACCT 320) waiver exam focuses on:

• the role of financial and non-financial information for planning and controlling decisions,

• emphasizing the strategic role of the management accountant in the organization

• emphasizing strategy and the application of concepts and practices of management accounting on economic and noneconomic decisions

• Topics include:

  • cost behavior and estimation

  • cost analysis for planning and control decisions including value chain analysis

  • CVP analysis

  • budgeting

  • relevant cost analysis

  • target costing

  • quality costing

  • benchmarking

Scheduling an Accounting Waiver Exam:

Exams are available in paper format and will be proctored by accounting faculty with arrangements made on an individual situation basis.

Contact:

• ACCT 210 Financial Accounting - Professor David Horn

• ACCT 320 Strategic Management Accounting - Professor Jennifer Dosch