BASIC FINANCIAL ACCOUNTING:
MATHEMATICS
100
What is: LIFO, FIFO ?
What is (last in first out) (first in first out)
100
Name 3 out of 5 topics within Math
What is Integration, Matrix and vector algebra, Determinants and Inverse matices, differentiation and functions of many variables.
200
What is Accrual basis
What is => when things occur, you have to book them as a buy (no matter if you get credit or money right now)
200
What is the formula for discriminant and how do you calculate the roots?
What is d = b^2 - 4ac x = -b(+,-)sqr.d/(2a)
300
Owners equity:
What is the owner’s investment in the business
300
What is the equation for a circle?
What is (x-a)^2 + (y-b)^2 = r^2
400
What is the difference between perpetual system and periodic system?
What is In the perpetual system, the companies keep detailed records of the cost of each inventory purchase and sale => these records are updated on a continuous basis as a function of doing business.
400
What is the integration of ln(x) and e^x.
What is 1/x and e^x
500
Bad debts?
What is Bad debts? It is uncollected accounts => can happen when the customer goes broke, refuse to pay
500
What is (a+b)^2 ?
What is a^2+2ab+b^2