ACC 1100 Final Examination Winter 2021

ACC 1100 Final Examination Winter 2021     

ACC 1100 Final Examination Winter 2021      Date:    April 27, 2021

ACC 1100 Final Examination Winter 2021    Time:      9:00 AM – 11:00 AM (2 hours)

 Students are expected to read this exam information (3 pages)

 Exam Question Breakdown (80 points in total):

Q1 – Investment: 9 points (refer to sample final exam Q3)

Q2 – Long-lived assets: 8 points (refer to sample final exam Q2)

Q3 – Statement of cash flows: 18 points (refer to sample final exam Q4)

Q4 – Shareholders equity: 15 points (refer to sample final exam Q1)

Q5 – Inventory: 8 points (4 MCQ and 2 points each, refer to sample final exam Q5 #1 – #5)

Q6 – Multiple Choice Questions: 22 points (11 questions and 2 points each; 6 quantitative questions and 5 qualitative questions refer to sample final exam Q5)

Note: Even though the coverage of the final exam is from Day 1 to Day 23, over 90% of the final exam questions directly relate to chapters that are not covered in the midterm exam.

This is an open-book exam. You may access E-version of the textbook through LockDown Browser or any printed version of the course materials during the exam. But you are not allowed to use other electronic devices including your phone. You are required to turn off phone and place it outside of your reach during the exam. You may use the phone for emergency (e.g., medical reasons) or contacting instructor during the exam.

Access to the Final Exam:

Online through UM Learn/Course Link/Assessments/Quizzes/Final Exam

This exam requires the use of the Respondus LockDown Browser and Monitor (Webcam). If you haven’t previously downloaded and installed LockDown Brower, you will be prompted to do so before you start the quiz. Make sure you are using a device on which you have the ability to launch LockDown Browser. Once you click “Start Quiz”, it will direct you to a 9-step checks, from “STEP 1 TERMS OF USE” to “STEP 9 BEGIN EXAM”. You have to complete all 9 steps before start answering quiz questions. Detailed information of LockDown Browser and Monitor for students prepared by UM Learn is available in Appendix (the last page of this document). Student Quick Start Guide is available on UM Learn under Content/Exam Communication. Away from the camera scope or move your head too close to the camera may result in a pop-up window. To continue with the exam, just click to close the pop-up window.

A practice quiz is now available under Assessments/Quizzes/Practice Quiz for Exams. There are 9 short questions in total and you have 15 minutes to answer the questions. The practice quiz has no end date with unlimited attempts. You can do the quiz anytime and as many times as you want.

You are strongly recommended to take practice quiz at least once before the scheduled exam in order to have the Respondus LockDown Browser installed and to get used to the interface. Make sure to take the practice quiz on the same device that you will be using for the midterm exam.

To minimize potential academic dishonest behaviors during this online exam and to protect students who behave appropriately during the exam, we did following for the exam questions:

1. Exam is shuffled at question level, which means that the choice order (for multiple choice questions) and question order (within a big question) could be different among students.
2. Numerical question pools are individually established for some numerical questions, which suggests that, for a given numerical question, students would find different numbers in the question.
3. You are not allowed to move backward through pages, which means you can not go back to revise answers once submitted. You can only move forward through pages!

Internet Connection:

Make sure you are taking this exam in a location with a stable Internet connection. To prevent connectivity issues, turn off other devices and applications that may be using the Internet (e.g., TV, Netflix, social media, etc.).

Following information will be displayed on the “cover page” of your online final exam.

Duration of ACC 1100 Final Examination Winter 2021 :

You have a total of 120 minutes (two hours) to complete this exam. At the end of this time period, the exam will have to be submitted. Countdown clock displayed on your screen toward the top of the exam. There is 1 minute grace period after 120 minutes time limit is exceeded. You could still answer/guess unfinished questions during the grace period, after which the system will not allowed you to make any further changes.

Allowed Abbreviations During the Exam:

AFDA: Allowance for Doubtful Account; AP: Accounts Payable; AR: Accounts Receivable; COGS: Cost of Goods Sold; CS: Common Shares; NI: Net Income; RE: Retained Earnings; OCI: Other Comprehensive Income; AOCI: Accumulated Other Comprehensive Income; Cr: Credit; Dr: Debit.

What to do if your UM Learn quiz is interrupted?

Don’t panic. As UM Learn auto-saves after each answer, most of your answers will be retained when you get back into your exam.

If you were kicked out of the exam or your computer froze, you had to reboot, log back into UM Learn and follow the same steps to get back to the quiz. This time, instead of a Start Quiz button, you should see Continue Quiz. If you are able to click it and get back into the quiz, you are all good.

If you are unable to get back to your quiz, contact your instructor immediately through 204-474-6847 (preferred) or Mingzhi.liu@umanitoba.ca.

Academic Integrity Expectations:

The academic integrity expectations for this midterm exam are no different from those for an in-class exam. You are held to the same standards as for any other exam.

You are required to turn off phone and place it outside of your reach during the exam. You may use the phone for emergency (e.g., medical reasons) or contacting instructor during the exam. Students are expected to answer exam questions individually. You are not allowed to share your answers with or seek answers from anyone during the exam. Doing so constitutes academic dishonesty and will be reported if discovered. 

Please be aware that copying or taking pictures of these exam questions and sharing them with any student who has not completed the exam, in this term or future terms, constitutes academic dishonesty and will be reported if discovered.

Clicking ‘Start Quiz’ implies that you have read and understand the academic integrity expectations.

How do I submit the exam?

At the end of the exam, make sure you click Submit before closing the browser. Your answers are saved does not mean they were submitted. You must click Submit.

You have to start the exam during the short window of 9:00AM-9:15AM, April 27, 2021. Otherwise, you won’t be allowed to write this online exam.

You may start the quiz by clicking “Start Quiz” when you are ready.

Appendix Detailed Information for Students by UM Learn

This course requires the use of LockDown Browser and Monitor (webcam) for online exams. The webcam can be the type that’s built into your computer or one that plugs in with a USB cable.

Watch this brief video to get a basic understanding of LockDown Browser and the webcam feature.

https://www.respondus.com/products/lockdown-browser/student-movie.shtml

Download Instructions

• Select the quiz in the course
• Under Quiz Requirements you will see “To take this quiz you must use the Respondus LockDown Browser”
• Below this will appear: “You can use the button below if you have not already downloaded LockDown Browser”. Click the button to go to the download page and then follow the instructions
• Use the link to download Respondus LockDown Browser to your computer; follow the installation instructions
• Return to the Quiz page in Brightspace (it may still be open in another tab) and select the quiz
• Select “Launch LockDown Browser”
• The quiz will now start

Note: LockDown Browser only needs to be installed once to a computer or device. It will start automatically from that point forward when a quiz requires it.

Guidelines
When taking an online quiz, follow these guidelines:

• Ensure you’re in a location where you won’t be interrupted
• Turn off all other devices (e.g. phones, tablets, second computers) and place them outside of your reach
• Before starting the test, know how much time is available for it, and also that you’ve allotted sufficient time to complete it
• Remain at your computer for the duration of the test
• If the computer, Wi-Fi, or location is different than what was used previously with the “Webcam Check” and “System & Network Check” in LockDown Browser, run the checks again prior to the exam
• To produce a good webcam video, do the following:
  • Avoid wearing baseball caps or hats with brims
  • Ensure your computer or device is on a firm surface (a desk or table). Do NOT have the computer on your lap, a bed, or other surface where the device (or you) are likely to move
  • If using a built-in webcam, avoid readjusting the tilt of the screen after the webcam setup is complete
  • Take the exam in a well-lit room, but avoid backlighting (such as sitting with your back to a window)
• Remember that LockDown Browser will prevent you from accessing other websites or applications; you will be unable to exit the test until all questions are completed and submitted

Getting Help
Several resources are available if you encounter problems with LockDown Browser:

• The Windows and Mac versions of LockDown Browser have a “Help Center” button located on the toolbar. Use the “System & Network Check” to troubleshoot issues. If an exam requires you to use a webcam, also run the “Webcam Check” from this area
• [As applicable, insert information about your institution’s help desk, including details about how to contact them. Some help desks want students to run the “System & Network Check” and the “Webcam Check” before they are contacted – and even, to forward the results of these checks at the time of opening a ticket.]
• Respondus has a Knowledge Base available from support.respondus.com. Select the “Knowledge Base” link and then select “Respondus LockDown Browser” as the product. If your problem is with a webcam, select “Respondus Monitor” as your product
• If you’re still unable to resolve a technical issue with LockDown Browser, go to support.respondus.com and select “Submit a Ticket”. Provide detailed information about your problem and what steps you took to resolve it

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