Principles of Accounting CLEP test Ebook

Download our gift to you, Study Tips for CLEP Students, to get you started. Detailed information in this guide includes:

• What Your Score Means
• Valuation of Securities at Acquisition
• Valuation of Securities After Acquisition
• Valuation of Inventories
• Valuation of Accounts and Notes Receivable
• Use of Differential (Relevant) Cost
• Unit of Account
• Uncollectible Accounts
• Trial Balance after Adjusting Entries
• Treasury Stock
• Timing of Revenue Recognition
• Timing of Expense Recognition
• Test-Taking Strategies
• T-Account
• Straight Line Method
• Stock Dividends
• Statement of Cash Flows
• Stated Fractional Basis
• Standard Costs and Variances
• Specific Identification and the Need for Cost Flow Assumption
• Shareholder's Equity Valuation and Disclosure
• Sample Test Questions
• Salary and Interest Allowances
• Rules of Double-Entry Accounting
• Retained Earnings
• Reporting of Depreciation on the Financial Statements
• Relation between Balance Sheet and Income Statement
• Ratio of Capital Investments
• Profitability Analysis
• Process and Job Order Systems
• Process Costing
• Presentation Format Issues with the Income Statement
• Preparing the Income Statement
• Preferred Stock
• Performance Evaluation
• Percentage-of-Completion Method
• Pattern of Expiration of Costs
• Owner's Equity
• Overview of the Accounting Process
• Modified Accelerated Cost Recovery System (MACRS)
• Managerial Accounting
• Long Term Liabilities
• Liquidity, Solvency, & Activity Analysis
• Liability Valuation
• Liability Recognition
• Liabilities
• LIFO Layers
• Job-Order Costing
• Investments
• Intangible Assets such as Patents and Goodwill
• Installment Method
• Initial Costs of Plant and Assets
• Income Statement
• Income Recognition before the Sale
• Income Recognition after the Sale
• Generally Accepted Accounting Principles
• GAAP Accepted Asset Valuation Basis
• Financial Statements
• Financial Statement Analysis
• Estimating Service Life
• Estimating Salvage Value
• Dual Effects of Transactions on the Balance Sheet Equation
• Division of Profits and Losses in Partnership Accounting
• Direct write-off Method
• Direct Costing and Absorbing Costing
• Depreciation
• Depreciable Value of Plant Assets
• Depletion
• Declining-Balance Methods
• Debit and Credit
• Cost-Volume Profit (Breakeven Analysis)
• Cost-Recovery-First Method
• Cost Basis for Inventory
• Consolidated Statements
• Completed Contract Method
• Common Stock
• Closing of Temporary Accounts
• Cash and Stock Dividends
• Cash Dividends
• Cash Basis of Accounting
• Bonds
• Balance Sheet
• Asset Valuation
• Asset Recognition
• Asset Classification
• Amortization
• Allowance Method
• Adjusting Entries
• Acquisition and Disposal of Long-Term Assets
• Accrual Basis of Accounting
• Accounting for Treasury Shares
• Accounting for Irregular Items
• Accounting Cycle
• Accelerated Method