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.

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

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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...

thank you guys that was helpful!

12 hours and 56 minutes left

I agree. Incredible memory, Ridin8ude!

ridn8ude, check your PM's. It is important.

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at Excelsior College (3.86 GPA)

Left to take:

NOTHING!!!

... But, I'm still sticking around...

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.

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...

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.

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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