Professional Admissions Skills Assessment

The Professional Admission Skills Assessment Exam will be administered to all professional admission applicants for Business Administration on Saturday, September 27th, 2008 following Professional Admission Interviews. Students with disabilities who require reasonable accommodations must register with the Disability Resource Center. If you qualify for services through DRC, bring your letter of accommodations to your academic advisor no later than Monday, September 22nd, 2008.

The Professional Admission Skills Assessment is a 40-minute examination consisting of 20 multiple-choice questions. You will only need to bring a #2 pencil to the exam. Four-function calculators will be provided. No outside calculators, cell phone, pagers or other hand-held devices will be allowed. The exam is designed to test your understanding of basic concepts and analysis methods covered in Math 115a (Business Math I) and Accounting 200 (Financial Accounting). In addition, basic concepts from algebra may be tested.

Admitted students who score below a level determined to be satisfactory will be required to re-take another assessment test. Students will be permitted to re-take the assessment test one time. If a satisfactory score is not earned after the re-take attempt then the student will have to attend a mandatory "foundation course concepts review seminar." During the seminar, students will have a final opportunity to take the exam. Without a satisfactory score on the final attempt, the original admissions can be revoked and the applicant will have to re-apply for professional admissions in a future semester.

Specifically, the following topics may appear on the Professional Admission Skills Assessment:

Accounting:

• Financial Accounting Assumptions and Principles/
  The Accounting Cycle
• The Accounting Equation, Account Types,
  & The Classified Balance Sheet
• The Income Statement
  Retained Earnings & Dividends
• Merchandising vs. Service Operations
  Analyzing Transactions
• Recording Business Transactions I:
  Merchandising Operations Cont.
  Accounting for Inventory
• Recording Business Transactions II:
  Receivables & Bad Debt
  Prepaid Expenses & Unearned Revenue
• Recording Business Transactions III:
  Property, Plant, and Equipment & Depreciation
  Liabilities & Equity
• The Statement of Cash Flows
  Ratio Analysis

Business Math:

• Probability
• Distributions / Statistics / Expected value
• Solutions to Linear Equations
• Time Value of Money:
  Future Value
  Present Value