Southern New Hampshire University ACC201 - Study guides, Class notes & Summaries
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Exam (elaborations)
Southern New Hampshire University ACC201: Financial Accounting – Final Exam with Q&As with rationals
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---103June 20262025/2026A+
- Key Topics Covered on the Final Exam: 
 
The Accounting Equation & Double-Entry Accounting 
 
The Accounting Cycle (Journalizing, Posting, Trial Balance, Adjusting Entries, Closing Entries) 
 
The Four Basic Financial Statements (Income Statement, Statement of Retained Earnings, Balance Sheet, Statement of Cash Flows) 
 
Cash & Internal Controls 
 
Accounts Receivable & Bad Debt Expense 
 
Inventory & Cost of Goods Sold (FIFO, LIFO, Weighted Average) 
 
Long-Term Assets & Depreciation 
 
Liabili...
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