THEACCOUNTING GROUP
UTS BUSINESS SCHOOL
UNIVERSITY OF TECHNOLOGY, SYDNEY
22107 ACCOUNTING FOR BUSINESS DECISIONS A
SPRING SEMESTER 2011
PRE-RELEASED MID-SEMESTER EXAMINATION PAPER
Pre-released in Teaching Week 5 (week commencing 29/08/2011) in Lectures and on UTSOnline
The examination will be held during the Mid-Semester Study Break. Students will be given ONE HOUR to complete the examination. Please note that the exam is closed book.
TWO questions will be selected for students to answer in the exam by the Subject Coordinator. One question will be from Part A (Theory – Questions 1-6) and the other question will be from Part B (Practical – Questions 7-12) of the examination. Both questions are of equal value - plan to devote equal time to the theory question and to the practical question.
Students are permitted to bring writing implements and a non-data storage/retrieval calculator to the exam. No notes, textbooks, notebooks, laptops, personal organisers, pagers, mobile phones, electronic, transmitting or receiving equipment will be permitted.
The examination requires the knowledge of material covered in lectures 1-7 and tutorials 1-6. If you are not sure of the terms used in the questions, please look in the Glossary of your textbook. Students should be cautious of material placed on UTSOnline by fellow students. Any information to be officially provided will be put on the “Announcement” page. Separate discussion boards for each mid-semester exam question will be setup on UTSOnline. Students are to use the correct folder when posting questions or comments and make sure they read the previous postings before asking a question.
The mid-semester exam is compulsory for all students regardless of the assessment option chosen.
Students must provide details of their tutor’s name and tutorial time on the front cover of the exam answer booklet. All students should make sure that they are aware of these details on the day of the exam. Delays in returning exams will occur if these details are not completed correctly.
Any questions of clarification should be directed to discussion boards on UTSOnline or in lectures. Only questions about student personal matters should be emailed directly to the Lecturer in Charge, Fiona Ball.
Good Luck!
Carin, Gabriel, Naibuka, Hannah, Thulaisi, Tirukumar, Fiona and Jonathan
1
PART A - THEORY
Question 1
There are four main financial statements: Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Financial Position, and Statement of Cash Flows. What information do these statements communicate and how are they different from one another? Are these statements connected to one another? If they are connected, please discuss how this connection exists, and if not, discuss why it is not important for these statements to be connected. In your response, please also discuss the issues that may arise from relying on the numbers reported in these statements. |
