Acg 3401 - Study guides, Class notes & Summaries

UCFs College of Business is a "restricted access" college. This means? - Prospective UCF students must meet certain criteria in order to be accepted into their College of Business major Students have unlimited "Grade Forgiveness" opportunities at UCF and should view them as a "do over" - False According to the College of Business website, your degree audit can be found in - myucf According to the College of Business website, students are expected to know the prerequisites to th...

1) Which of the following is a key feature of materials requirements planning (MRP-II)? A) Reducing required inventory levels by scheduling production, rather than estimating needs B) Minimizing or eliminating carrying and stockout costs C) Determining the optimal reorder points for all materials D) Determining economic order quantity for all materialsA. Reducing required inventory levels by scheduling product, rather than estimating needs. 2) An MRP inventory system reduces inventory lev...

ACG 3401 Exam 2 Review Questions With Correct Answers What is taken out of paycheck? - answerIncome Tax, Social Security, and Medicare Federal Income Tax System - answerFile 1040 to gov. at end of every year; pay as you go system (each day you work, some money is taken out of paycheck); calculate fed. tax: if you paid more you get a refund, if you paid less you have to pay the rest Circular E - answerbig book of tables that shows how much is going to be taken out of your check for federal...

ACG 3401 Exam 3 Review Questions With Correct Answers Procurement/Expenditure Cycle - answer1. Purchase Requisition 2. Purchasing 3. Receiving/Inspection 4. Accounts Payable 5. Cash Disbursements Split Expenditure Cycle - answerPhysical Phase (Purchasing) and Financial Phase (Cash Disbursements) - split caused by time lag Payroll Cycle - answerkept separate from other cash disbursements Periodic Method - answerwhat everybody mostly uses; take a physical count of goods at end of year;...

GEB Exam 1 questions and answers 2023According to the College of Business website, the "Business Common Program Prerequisites" includes what classes ACG 2021, ACG 2071, ECO 2013, ECO 2023, & ECO 3401 According to the College of Business website, the "Career Professionalism Series" includes what classes GEB 3006, GEB 3005, GEB 4223, & GEB 4004 According to the College of Business website, the "Primary Core" includes what classes ECO 3411, MAR 3023, MAN 3025, ACG 3173, & FIN...

ACG 3401 Examlet 2

purchase processing functionsmonitor inventory records, prepare purchase order, receive goods, update inventory records, set up accounts payable vouchers payable system functionalternate to A/P procedures, uses cash disbursements vouchers, each voucher recorded in voucher register, posted to general ledger cash disbursementsidentify liabilities due, prepare cash disbursement, update A/P records, post to general ledger physical expenditure cyclecombines technology and human activity; nat...

Fundamental QualitiesRelevance (Predictive value, confirmatory value, materiality) and Faithful Representation (completeness, neutrality, free from error) Enhancing Qualities1. Comparability 2. Verifiability 3. Timeliness 4. Understandability Accounting Information System (AIS)A system that collects, records, stores, and processes data to produce information for decision-makers. turnaround documentsrecords of company data sent to an external party and then returned to the system as i...

According to the College of Business website, the "Business Common Program Prerequisites" includes what classes : ACG 2021, ACG 2071, ECO 2013, ECO 2023, & ECO 3401 According to the College of Business website, the "Career Professionalism Series" includes what classes : GEB 3006, GEB 3005, GEB 4223, & GEB 4004 According to the College of Business website, the "Primary Core" includes what classes : ECO 3411, MAR 3023, MAN 3025, ACG 3173, & FIN 3403 According to the College of Bu...

Chapter Notes 2021