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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: 03/02/04 - 16:04 Post subject: Blindsided... (accountin final)
it was an ambush!!!
they led us down an alley way, blocked us in... there were snipers on the roof!
lol. ohmigod i don't think there were many survivors.
the first two questions: 23 marks (of 82), Gross Profit Method, Notes Recievable. come again sir? exsqueeze me? lol
i drew immediate blanks on how i could possibly get full marks but figured i could salvage something... i skipped ahead and finished up the exam in 30 minutes, and spent the last hour picking up marks wherever i could.
i added up my estimated marks, and i have a shot at the 90 i needed for an A+... then again there's also the possibility that i might not score enough part marks and miss the 75 i needed for an A...
lol ohmigod.. .seriously. the usual *herd* outside the gym is already half the size of the other exams. by next semester its gonna bel ike 20 people.
i count my blessings that i at least passed. and i can't believe i made it out alive... lol
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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: 03/02/04 - 16:37 Post subject:
Better believe bub, accounting is a war!
Aye, aye, Cappy?!
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cherylpf
crazy cat lady
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Joined: 14 May 2002
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Posted: 03/02/04 - 16:47 Post subject:
Accounting and especially accounting exams are of the devil, take my word 
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kristin31
Member
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Joined: 15 May 2002
Posts: 8045
Location: Caught in the crossfire of childhood and stardom
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Posted: 03/02/04 - 17:12 Post subject:
Well, I don't know from Canadian accounting procedures, but the Gross Profit method is commonly used in the US in smaller retail businesses. I've not heard that term since Intermediate Accounting I. We refer to "Notes Receivable" as "Accounts Receivable". It's too late for your exam, but in the future, if you have accounting q's. pm me. I'd be happy to help, and I am still certified as a CPA in OH. For whatever that's worth. I also saved all of my old texts from college.
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Cappy
Excelent
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Joined: 16 May 2002
Posts: 27368
Location: Spreadsheetylvania
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Posted: 03/02/04 - 17:16 Post subject:
| jrjo wrote: | Better believe bub, accounting is a war!
Aye, aye, Cappy?! |
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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: 03/03/04 - 01:04 Post subject:
| kristin31 wrote: | | Well, I don't know from Canadian accounting procedures, but the Gross Profit method is commonly used in the US in smaller retail businesses. I've not heard that term since Intermediate Accounting I. We refer to "Notes Receivable" as "Accounts Receivable". It's too late for your exam, but in the future, if you have accounting q's. pm me. I'd be happy to help, and I am still certified as a CPA in OH. For whatever that's worth. I also saved all of my old texts from college. |
 thank you for the help offer 
i am aware of the notes recievable, and gross profit method.
it's just that we didn't really expect it, and therefore didn't really study it, and we got our surprise when we opened the first page.
i knew enough to hack through it - but it definately won't be pretty 
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