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ddodah
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Posted: 07 Sep 2011 at 14:17 | IP Logged  

I heard from many of you who already took the exam that there were questions about the adjusting entry.  I do not see any practice questions from becker or wiley.  Does anybody give me some example about the journal entry or adjust journarl entry question? 

Thanks

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jl0329
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Posted: 07 Sep 2011 at 16:00 | IP Logged  

I am also interested in these adjusting entry questions.
Haven't seen any in my Becker's material yet (Just finished
chapter 2).

Thanks in advance.
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OZZMAN
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Posted: 07 Sep 2011 at 20:22 | IP Logged  

I am not going to tell you guys what "specific" adjusting entries may be likely to be asked on the test, but I would recommend that you know how to book adjusting entries that concern "cut-off" issues, certainly in the areas of sales, inventories and purchases.

Given what I just said, you could figure out what adjusting entries would be required which potentially cause a violation in the types of financial line items above (i.e. assertions, cutoffs and completeness).

Good luck............



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jl0329
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Posted: 08 Sep 2011 at 08:58 | IP Logged  

@OZZMAN, thanks a lot.

Now I have a much better idea!

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ddodah
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Posted: 08 Sep 2011 at 11:18 | IP Logged  

thanks, OZZMAN :)
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