What This Document Is
This is a study guide designed to help students prepare for the final exam in Principles of Accounting (ACCT 2101) at Georgia State University, covering material from Chapters 1 through 12 of the Fall 2017 course. It’s a focused review of key concepts and relationships needed for exam success.
Why This Document Matters
This study guide is essential for students enrolled in ACCT 2101 who want to efficiently review the semester’s material. It’s most useful during the final exam preparation period, helping students identify areas to focus on and understand the relative weight of different topics on the exam. The guide exists to consolidate key information and provide a roadmap for effective studying.
Common Limitations or Challenges
This study guide is a *preview* of the full scope of the course material. It highlights topics but does not provide in-depth explanations, practice problems with solutions, or comprehensive coverage of every nuance. Students will still need to refer to their textbook, lecture notes, and other course materials for a complete understanding. It is not a substitute for active learning and problem-solving.
What This Document Provides
This preview outlines the exam’s scope – approximately 45% of the questions will come from Chapters 1-9, and 55% from Chapters 10-12. It details key components of the financial statements (Income Statement, Retained Earnings Statement, and Balance Sheet) and their interrelationships. The guide also covers the accounting equation (Assets = Liabilities + Stockholder’s Equity) and its expanded form, as well as the impact of business transactions on this equation through debit and credit rules. Finally, it provides a breakdown of the different sections within a classified balance sheet (current assets, long-term investments, PPE, intangible assets, current liabilities, long-term liabilities, and stockholder’s equity).
This preview *does not* include detailed examples, practice questions, or a complete explanation of the revenue recognition principle – these are found in the full study guide.
