ACCT 1100 Accounting 1 Assessment (Fall 2012 On-line) - (copy)

Students: The following statements identify various concepts studied this term in Accounting 1. By checking the appropriate letter below, please indicate your agreement with these statements according to the following scale:

A – Strongly Agree
B – Agree
C – Disagree
D – Strongly Disagree



A red asterisk (*) indicates required questions.


  1. I can analyze, journalize and post entries for a service business*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree


  1. I can analyze, journalize and post entries for a merchandising business.*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree


  1. I can prepare financial statements for a srvice business*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree


  1. I can prepare financial statements for a merchandising business*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree


  1. I can prepare a worksheet*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree


  1. I understand the concept of the accounting cycle*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree


  1. I can make adjusting entries*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree


  1. I can make closing entries*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree


  1. I can explain the inventory costing methods
    (FIFO, LIFO, and average methods)*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree


  1. I can distinguish between periodic and perpetual inventory systems*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree


  1. I can prepare a bank reconciliation*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree


  1. I can define internal control and describe its components and limitations*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree


  1. I can define IFERS and recognize its future importance*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree


  1. I have benefited from use of MYAccountingLab*
    Strongly Agree
    Agree
    Disagree
    Strongly Disagree