Overview

During the week, we will be studying for the comprehensive final exam, which covers all of the chapters studied this semester. You have an unlimited number of attempts on the practice exam.

The learning objectives we explore for the discussion and homework include the following:

Identify the components of manufacturing costs and how these costs are recorded and presented in the financial statements of manufacturing companies.

Explain how different accounting systems are designed and applied in different production systems.
Apply cost measurement concepts such as standard costing, allocating joint costs and costing for by-products.
Recognize procedures for accumulating and assigning manufacturing costs to products including job order costing, process costing and activity-based costing.
Use cost-volume-profit analysis as a planning and decision-making aid.
Develop and use master budgets for planning, performance evaluation and control.

To Do List

In order to successfully complete this module, please do the following:

Review: Chapters all chapters studied this semester located in MyAccountingLab (Multimedia)
Review Homework Assignments: Homework for all chapters
Discuss: Join your classmates in a Group Discussion regarding Your Reflections
Take the Comprehensive Exam Review (non-graded assessment)