Oral

MBAC 830 – Oral Exam

Table of Contents

ACCT 595 & ACCT 601………………………………………………………….…Page 2 – Page 3

ECON 595 & ECON 601……………………………………………………………Page 4 – Page 5

MIST 595………………………...…………………………………………………...Page 6 – Page 7

QANT 595 & QANT 601 ……………………………………………………………Page 8 – Page 9

FINC 601 …………………………………………………………………………..Page 10 – Page 11

MGMT 601 ...…………………………………………………………………..….Page 12 – Page 13

MRKT 601……………………………………………………………………...…Page 14 – Page 15

MGMT 605………………………………………………………………………..Page 16 – Page 17

MGMT 610………………………………………………………………...………Page 18 – Page 19

ACCT 595: Financial Accounting

ACCT 601: Managerial Accounting

1. Define Accounting and identify the main branches within the accounting profession.

Identify the three major financial statements and the main users of financial accounting information.

2. Explain the income statement.

What are:

1) Revenues 2) Expenses 3) NI 4) EPS?

Identify differences among income statements in:

- Single Step or Multistep Forms

- Contribution Margin Form or Gross Margin Form

Explain Gross Profit Margin, Net Profit Margin, and Rate of Return on Equity.

3. Identify the sequence of steps in the account information processing cycle.

Discuss Transaction Analysis and Double Entry Accounting.

Describe the Journal and the Ledger.

What is the Chart of Accounts?

4. Define the concept of Accrual Accounting Income and explain its underlying accounting principles.

How does Accrual Income differ from Cash Income?

Explain Adjusting Entries and identify four (4) situations requiring adjusting entries.

Describe the Allowance Method for Uncollectible Accounts. Why is this method required?

5. Discuss the Balance Sheet.

Define the following:

1) Assets 2) Liabilities 3) Owner’s Equity?

Identify and explain the basic components of a...