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blue
your favorite weapon
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Joined: 21 May 2002
Posts: 7010
Location: armed and ambitious
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 Posted: 11/12/03 - 18:36 Post subject: 40 hrs til my accounting final...
the grim realization that tomorrow is my last day to study... and that i have attend classes during that time, for last minute exam updates/breakdowns... 
yes. i think it's fair to say that i'm starting to feel the heat.
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cherylpf
crazy cat lady
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Joined: 14 May 2002
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Posted: 11/12/03 - 18:51 Post subject:
Whatever you do, don't take 3 vivarin with 2 cups of coffee and 3 diet cokes to help you study for said accounting exam. It doesn't help. 
not that I know anyone who did that for her accounting exam senior year. nope.
Good luck, I know you'll ace this one like you have the rest!
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jrjo
Gone Fishin
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Joined: 15 May 2002
Posts: 16451
Location: Lake Wobegon, MN
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Posted: 11/12/03 - 18:57 Post subject:
Just guessin', but I wouldn't pick any answer containing "Arthur Andersen".. 'kay.
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Maddies Wench
Flailing Homosapiens
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Joined: 12 Jun 2003
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Location: Seeking out the poorer quarters where the ragged people go.
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Posted: 11/12/03 - 18:59 Post subject:
Just remember, on the balance sheet, assets and liabilities should be the same number, and remember which way your increases and decreases go on the cash flows.
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blue
your favorite weapon
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Joined: 21 May 2002
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Posted: 11/12/03 - 19:32 Post subject:
we haven't done increase or decrease cash flow stuff...
we just finished perpetual and periodic inventory systems, and it's kinda all based on that.
i understand it all, i just need to make sure i do it right y'know?
must finish the gst part of it then i'll be good to go.
oh, and of course to review the first half of the term since it's accumulative... it'll be a big no go on the caffiene. i want to remember what i learnt 
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Maddies Wench
Flailing Homosapiens
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Posted: 11/12/03 - 20:02 Post subject:
| blue wrote: | we haven't done increase or decrease cash flow stuff...
we just finished perpetual and periodic inventory systems, and it's kinda all based on that.
i understand it all, i just need to make sure i do it right y'know?
must finish the gst part of it then i'll be good to go.
oh, and of course to review the first half of the term since it's accumulative... it'll be a big no go on the caffiene. i want to remember what i learnt |
Hubbout LIFO AND FIFO....you got that down?
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kattzoo
Member
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Joined: 28 Feb 2003
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Location: Happily at the back of the pack
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Posted: 11/12/03 - 20:06 Post subject:
You'll do fine! (If not, you can always retake the class  )
Seriously, good luck
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TimRuns
Member
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Joined: 11 May 2003
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Location: Coquitlam, British Columbia
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Posted: 11/12/03 - 20:21 Post subject:
good luck bloo!
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blue
your favorite weapon
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Joined: 21 May 2002
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Location: armed and ambitious
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Posted: 11/12/03 - 20:31 Post subject:
| Maddie's Wench wrote: | | blue wrote: | we haven't done increase or decrease cash flow stuff...
we just finished perpetual and periodic inventory systems, and it's kinda all based on that.
i understand it all, i just need to make sure i do it right y'know?
must finish the gst part of it then i'll be good to go.
oh, and of course to review the first half of the term since it's accumulative... it'll be a big no go on the caffiene. i want to remember what i learnt |
Hubbout LIFO AND FIFO....you got that down? |
:dunno:
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Noley
AZhat
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Joined: 16 Aug 2003
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Posted: 11/12/03 - 20:34 Post subject:
Sending positive vibes your way!
I hope you do well!
Good Luck! 
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jrjo
Gone Fishin
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Joined: 15 May 2002
Posts: 16451
Location: Lake Wobegon, MN
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Posted: 11/12/03 - 22:39 Post subject:
LIFO  FIFO LILO FILO
...finally a collegiate ranting post I can get into
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cherylpf
crazy cat lady
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Posted: 11/12/03 - 23:43 Post subject:
| blue wrote: | we haven't done increase or decrease cash flow stuff...
we just finished perpetual and periodic inventory systems, and it's kinda all based on that. |
This would be your LIFO HIFO FIFO True average high cost, no? Thats easy stuff. Wait til you need to know pension plans and vesting and asset depreciation, lease v. buy options. Most of that was in Fin. Acc. 2. I still get the heaves when I think about that class.
Jrjo, may I pose an objection to your dancing bananas in between different cost accounting methods? Seems a bit paradoxical is all  I truly believe accountants are the very special people amongst us that have the ability to not only understand GAAP rules but actually enjoy enforcing them....
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Maddies Wench
Flailing Homosapiens
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Posted: 11/13/03 - 07:21 Post subject:
| cherylpf wrote: | | blue wrote: | we haven't done increase or decrease cash flow stuff...
we just finished perpetual and periodic inventory systems, and it's kinda all based on that. |
Jrjo, may I pose an objection to your dancing bananas in between different cost accounting methods? Seems a bit paradoxical is all I truly believe accountants are the very special people amongst us that have the ability to not only understand GAAP rules but actually enjoy enforcing them.... |
C'mon, give us a break...if we don't make bananas dance about like-kind exchanges, we're going to start growin a zipper down our backs.
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jrjo
Gone Fishin
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Joined: 15 May 2002
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Posted: 11/13/03 - 10:31 Post subject:
Just look at elkid's accounting exam post.. we're a profession attracting but an elite few. It's a dancing banana bottomline month end closing boogie but only a chosen few will ever know the joy of.
C'mon Maddie, let's show 'em the asset disposition macarena. 
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Maddies Wench
Flailing Homosapiens
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Joined: 12 Jun 2003
Posts: 6103
Location: Seeking out the poorer quarters where the ragged people go.
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Posted: 11/13/03 - 10:35 Post subject:
| jrjo wrote: | Just look at elkid's accounting exam post.. we're a profession attracting but an elite few. It's a dancing banana bottomline month end closing boogie but only a chosen few will ever know the joy of.
C'mon Maddie, let's show 'em the asset disposition macarena. |
Don't forget the Fraud Risk Analysis HOKEY POKEY!
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