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NORTHWESTERN MINDANAO STATE COLLEGE

OF SCIENCE AND TECHNOLOGY (NMSC)
Labuyo, Tangub City

Finance 1
Preliminary Examination
2nd Semester, S.Y. 2016-2017
TABLE OF SPECIFICATIONS (TOS)

SKILLS

NUMBER OF ITEMS
UNDERSTANDING/

ITEM PLACEMENT
COMPREHENSION

APPLICATION
KNOWLEDGE

EVALUATION
SYNTHESIS
ANALYSIS
CONTENT
1. Importance of Accounting and
1 I.1; 1
its Definition
2. Users of Financial Statements 3 I.9-11 3
3. Business Organizations 6 I.2-7 6
4. Business as an Accounting
Entity
10 I.8;II.1-10 11
5. Transaction and its effects to
1
Accounting Values
6. Importance of the Accounting
I.12-20; III.1-
Equation 10 19
10
7. Accounting Elements or Values 9
TOTAL 20 20 40

TEST TYPE OF TEST NO. ITEMS POINTS

I. MULTIPLE CHOICE 20 20
II. TRANSACTION ANALYSIS 10 40
III. BASIC ACCOUNTING EQUATION 10 30
TOTAL 40 90