11-28-2010, 09:34 PM
(This post was last modified: 11-28-2010, 09:47 PM by Lord_Leperman.)
Kinnda pointless, the brain is empty at the moment 
Test is open notes, books, and laptop/s w/o internet... I doubt it will help though.
From what I know, we're going to read an accounting case, derive the numbers from it, get the financial ratios and then determine if the business in the case is profitable or not based on those financial ratios. It goes beyond, we're prolly going to have to explain if the business has enough cash to pay any short-term debt and/or if its inventory turnover will be enough to sustain a business' need for cash or other liquid assets.
They even sent us the actual questionnaire for the finals as if to taunt us. The file is password protected and the password is to be given during the test period.
Edit: I re-read my post, I almost sound like an accountant D:
Test is open notes, books, and laptop/s w/o internet... I doubt it will help though.
From what I know, we're going to read an accounting case, derive the numbers from it, get the financial ratios and then determine if the business in the case is profitable or not based on those financial ratios. It goes beyond, we're prolly going to have to explain if the business has enough cash to pay any short-term debt and/or if its inventory turnover will be enough to sustain a business' need for cash or other liquid assets.
They even sent us the actual questionnaire for the finals as if to taunt us. The file is password protected and the password is to be given during the test period.
Edit: I re-read my post, I almost sound like an accountant D:
