This article shows financial accounting sample exam 1. This first exam in financial accounting shows how to prepare journal entries and financial statements.
Introductory accounting is usually one of the first courses that business majors take. The course titles are usually either principles of accounting I & II or financial and managerial accounting.
- principles of accounting 1 is also called financial accounting
- principles of accounting 2 is also called managerial accounting
See the Accounting Sample Exams for more financial accounting and managerial accounting exams.
Financial accounting sample exam 1
Financial accounting exam 1 covers the first two chapters in financial accounting:
Here is the sample exam 1 for financial accounting or principles of accounting 1.
Here is the sample exam 1 pdf file.
Accounting sample exam 1 solutions
Here is the sample exam 1 solutions file.
Financial accounting sample exam 1 tutorials
For all the videos for sample exam 1, see Financial Accounting Sample Exam 1 playlist.
Here is the tutorial for sample exam 1 showing terms and accounting equation problems:
The second video shows how to prepare journal entries.
The third video shows how to prepare financial statements based on a trial balance.
Accounting Chapters
Here are the accounting chapters in The Ultimate Guide to Learn Accounting:
- Introduction to Accounting
- Recording Business Transactions
- Adjusting Entries and the Accounting Cycle
- Accounting for Merchandising Activities
- Inventory and Cost of Goods Sold
- Cash and Internal Control
- Accounting for Receivables
- Accounting for Long-Term Assets
- Accounting for Current Liabilities
- Accounting for Long-Term Liabilities
- Corporations
- Statement of Cash Flows
- Financial Statement Analysis
- Managerial Accounting
- Job Order Costing
- Process Costing
- Activity Based Costing
- Cost Volume Profit Analysis
- Variable Costing
- Master Budgets
- Standard Costing
- Performance Measurement
- Relevant Costing
- Capital Budgeting
- Time Value of Money
See also Accounting Sample Exams.
Jeff Mankin teaches financial literacy and Excel. He is the founder of Finally Learn.
