ACCT 352v12 FAQs

Assignments Exam Information LYRYX Questions

LYRYX Support Course Information Enhanced Features
Chapter Questions

Assignments

1. Where will I do my graded assignments?

Graded assignments will be done on the LYRYX site. The end-of-chapter exercises can be
done anywhere you choose but do not count towards your final grade.
2. How do I access LYRYX to do my assignments?
To access LYRYX, select Go to LYRYX in the LYRYX block on the main course page.
3. Can I access and start working on my LYRYX assignments prior to my start
date?
Yes.
4. How are the assignments marked?
Assignments are automarked; Athabasca University markers grade exams only.
5. How many times am I able to do the assignments in LYRYX?
You can attempt each assignment question twice. Your best grade will be automatically
recorded. Once you have attempted a question twice, you may redo it an unlimited
number of times but your recorded grade will not change.
6. May I ask an Academic Expert to help me with an assignment question?
The Academic Experts (AEs) for the course will not help you solve assignment questions.
You may ask an AE to explain a concept that is part of an assignment question but under
no circumstances will an AE help you complete your assignment questions.
Assignments are for grades, so you must complete them independently. Sometimes this
might involve frustration and struggle; learning at this level should not be expected to
be easy.
7. If I redo an assignment question, will I get the same question or will there be
new numbers?
Each time you redo a question you will have new numbers to work with.
8. Will I get feedback on my automarked LYRYX assignments or just the
grade?
You can attempt each assignment question two times. Limited feedback is provided
after each attempt. After you complete and submit your first assignment question in
Chapter 1, review the feedback so you become familiar with what is provided by
LYRYX.

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9. Are there solutions to the LYRYX assignment questions?
When you attempt an assignment question, it will be saved under Assignments in
LYRYX. Your best of two attempts will serve as your solution.
10.Why must I re-enter the whole answer into LYRYX if I get parts of it wrong?
Why can't I just change the incorrect portion?
Unfortunately, none of the assessment tools offer this option. It's on everybody's wish
list and, with upgrades, we should see it in the future.
11. If I submit an assignment for marking, can I access the assignment again?
When you submit an assignment question, LYRYX marks the question and saves it.
Click on the assignment question again to redo it. You will get new numbers to work
with and the next time you submit the assignment question, it will be saved as an
attempt.
12. How many assignments are there in LYRYX?
You are required to complete 11 assignments. The number of questions in each
assignment varies, as does the length and level of difficulty. The following table
outlines the number of questions in each assignment.

Assignment Number of Assignment Number of

Questions Questions
Chapter 12 7 Chapter 18 Assignment 11
Assignment
Chapter 13 10 Chapter 19 Assignment 10
Assignment
Chapter 14 9 Chapter 20 Assignment 9
Assignment
Chapter 15 23 Chapter 21 Assignment 14
Assignment
Chapter 16 7 Chapter 22 Assignment 11
Assignment
Chapter 17 9
Assignment

13. Do I have to do all the assignments in LYRYX to pass the course?

There is no minimum grade requirement on the LYRYX assignments; you can choose to
take a zero and your overall grade will be the grade recorded. You must achieve 50% or
greater on each of the Midterm and Final Exams to pass the course.

ACCT 352v12 FAQs (updated September 2020) 2

14. When I am finished this course, how do I send my LYRYX assignment marks to
Athabasca University?
To send your LYRYX assignment marks to Athabasca University, go to Assignments on
the LYRYX site and click the Course Completed button—this final step is extremely
important.
Assignments must be sent to Athabasca University on or before your contract end date. If
you have registered and paid for a late exam (an exam after your course end date), you
must still send your LYRYX marks to Athabasca University by your course contract end
date.
15. May I view my assignments after I have clicked the Course Completed button?
Once you click the Course Completed button, you may still view your assignments.
Additionally, you may still do assignment questions but your recorded grades will not
change.
Exam Information

16. How can I ensure I'm able to finish my examination within the time allowed?
You will have 3 hours for the Midterm and 3 hours for the Final Exam. As with any exam
in most accounting courses, you will need good time management skills in order to
complete these exams within the time allowed. You can improve your time management
skills as you study by setting a timer and completing the practice exams within a limited
time, without looking at the solutions or any notes.
17. How do I budget my time in an exam?
You should make sure to leave about 30 minutes to complete the short answer
questions, which leaves 2.5 hours for the quantitative problem-solving questions.
Use the number of marks allocated for each question to determine how much time to
spend on each. Here’s an example for how to budget your time for 3 hours (180 minutes)
given the following question breakdown.
Question 1: 15 marks
Question 2: 25 marks
Question 3: 5 marks
Question 4: 10 marks
Question 5: 20 marks
Total: 75 marks

Question Marks Maximum Time to Spend

1 15 36 minutes (15 marks/75 total marks X 180 minutes total time)

2 25 60 minutes (25 marks/75 total marks X 180 minutes total time)

3 5 12 minutes (5/75 X 180)

4 10 24 minutes (10/75 X 180)

5 20 48 minutes (20/75 X 180)

Total 75 Proof: 36 + 60 + 12 +24 + 48 = 180 minutes

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 To test your understanding of how to budget your time, redo the calculations assuming a
3-hour exam (or 180 minutes) and the following exam question breakdown:
Question 1: 15 marks
Question 2: 25 marks
Question 3: 30 marks
Question 4: 20 marks
Total: 90 marks
You should get the following results:
Question 1 - 30 minutes (15/90 X 180)
Question 2 - 50 minutes (25/90 X 180)
Question 3 - 60 minutes (30/90 X 180)
Question 4 - 40 minutes (20/90 X 180)
Total time = 180 minutes (or 3 hours)
18. What sorts of questions about the exams will Academic Experts answer?
Academic Experts will answer questions about specific concepts. However, for general
questions (e.g., what chapters are covered? what should I study?) Academic Experts will
direct you to information on the course website.
19. Will there be short-answer questions on the exam?
Yes. Traditionally, students in financial accounting have performed poorly on short-
answer questions on both the Midterm and Final Exams so it is important to understand
the underlying theories/concepts in the course.
20. Can I use the BAII Plus Professional Texas Instrument Financial calculator in
the exam?
Yes.
21. Will PV/FV tables be provided for exams?
No. You are responsible for knowing how to use your calculator to perform compound
interest—present value and future value calculations.
Examination questions requiring these calculations will NOT include present value/future
value tables for your reference. To review calculator basics, go to the Calculator Tutorial
in Chapter 12. To check your basic understanding of present value and future value,
work through the Present Value/Future Value Tutorials also in Chapter 12.
22. What can I bring into the examination?
You may bring your Sharp EL-738/EL-738C or 738FC calculator, pens/pencils, an
eraser, and 4 sheets of blank paper. (The TI-BAII Plus, HP-10BII+, or Casio FC-200V
calculators are also permitted.) You may not bring in pencil cases or other materials
that have not been approved. You may bring in a beverage and/or snack if you like
(and if permitted at your invigilation location).
23. May I write an examination a second time?
Yes. You may request one supplemental examination for each original examination you
take. Regardless of your contract date, supplemental examinations must be requested
no later than three months (and no earlier than two weeks) after the original
examination write date. Supplemental examinations must be written within one month
of making your request.

ACCT 352v12 FAQs (updated September 2020) 4

24. How long does it take to get my Midterm and/or Final Examination marked?
It can take up to 8 business days to receive your final exam mark. The final exam
includes both auto-graded and manually-graded components. The auto-graded
components are marked immediately, but you won’t receive your overall exam mark
until the manually graded components are marked and a grade is entered into the AU
systems.
25. How long are the Midterm and Final Examinations?
You are allowed 3 hours to write the Midterm and 3 hours to write the Final.
26. Can I use a calculator other than the Sharp EL-738 or 738FC in my
examination?
Yes. The TI-BAII Plus, HP-10BII+, or Casio FC-200V calculators are permitted.
27. Can I see my Midterm and/or Final Examination after it is marked?
No. For examination security reasons, students are not permitted to see their exams.
28. How can I get more information about my exam results?
When your exam is graded, the marker will complete an Exam Summary. The Exam
Summary is automatically sent to you and contains a breakdown of your exam mark by
question, along with brief comments regarding your strengths and weaknesses. Do not
contact the marker. For exam security reasons, markers and Academic Experts are not
permitted to answer any questions about the grading of the exam or the exam itself. If
you have a question about a specific concept, contact the Student Support Centre where
an Academic Expert for the course will be assigned to contact you and review the
concept.
29. Are there any practice exams?
A practice Midterm and Final are available on the ACCT 352 Exams page. As you use
these resources for studying, work through the practice exam first, then check your
work with the solutions.
30. Are the Midterm and Final Examinations open book?
No. You are not permitted to bring anything into the examination other than your
calculator (Sharp EL-738/738C, Sharp 738FC, TI-BAII Plus, HP-10BII+, or Casio FC-
200V), pens/pencils, an eraser, and 4 blank sheets of paper. You may not bring in pencil
cases or other materials that have not been approved. Check with your invigilation
location to see if you may bring in a beverage and/or snack into the exam.

LYRYX Questions

31. Are there any special features available in the LYRYX questions?
The drag-and-drop feature is very useful and a big time saver. You can drag information
such as account names and account totals from T-accounts and drop them into
documents such as the trial balance. Point to the item you want to move, hold down the
left-click on your mouse, and drag the item to where you want to drop it. You may find
the drag-and-drop tutorial useful.
32. Can I run more than one LYRYX question at the same time?
LYRYX supports only one active question at a time. If you have more than one question
open, you will not be able to submit. If you run one question at a time, you should not
experience problems submitting.

ACCT 352v12 FAQs (updated September 2020) 5

33. I am in LYRYX under Assignments. When I click on my questions to review
them, they aren't coming up. What can I do?
This likely means a pop-up blocker is on. Set the pop-up blocker to always accept LYRYX
applets. Alternatively, you can try clicking Ctrl + F5 (click Ctrl, hold, then click F5). Now
try to open the desired question from within User Information. If this doesn't work,
contact the Student Support Centre, and help from LYRYX Technical Support will be
provided.
34. If I close a LYRYX question, can I access that question again?
When you select Save and Close, the question is saved with the current numbers in the
questions. When you open the question again, you can work on it from where you left off.
To access a saved question, click on the question, and then choose Resume from the
choices of Continue, Resume, and Cancel.
35. If I submit a question for marking, can I access the question again?
When you select Submit and Mark, LYRYX marks the question and saves it, if it is the
highest mark to date. Click on the question again to redo it. You will get new numbers to
work with, and the next time you press Submit and Mark, the question is saved, if it is
the highest mark.
36. What should I do if I have "freezing" problems with LYRYX questions?
Make sure your pop-up–blocking software is set to allow content from the LYRYX site.
Some problems are caused by viruses or spyware; keep your antivirus software up to
date.

LYRYX Support

37. How do I do calculations in LYRYX?

Whenever you open a value box, you can perform calculations within that value box. You
can multiply (*), divide (/), add (+), subtract (-), and use brackets to do complex
calculations. You may find the calculations tutorial useful.
38. What do I do if I encounter Java errors in my browser?
It seems the most common problem occurs when Internet Explorer's plugin finder is not
working. To install the Java plugin on your browser, go to java.com and follow the
instructions you are given. Note: If you are using a computer that is not your own (e.g.,
at work), you may need to have a system administrator or technician complete the
installation.
39. What hardware and software do I need to run LYRYX?
All current versions of Windows, Mac, and Linux desktops and laptops are supported.
Recommended web browsers include recent versions of Internet Explorer, Firefox, and
Google Chrome. Safari may also be used on Macs. Mobile devices such as tablets and
smart phones can be used as well, but LYRYX does not provide official support for mobile
devices due to the large variety of configurations that exist. Once you have signed in to
your LYRYX course, use the Browser Compatibility Test on the left side above the chapter
list to ensure that your system is supported (see the screen capture below for the
location of the Browser Compatibility Test in LYRYX). This will inform you if you need to
update your browser or if any settings need to be adjusted to ensure that LYRYX will run
correctly. If you have any problems with the LYRYX system, contact LYRYX Technical
Support at [email protected]. They answer email 7 days a week and will respond
to email within 24 hours.

ACCT 352v12 FAQs (updated September 2020) 6

40. What should I do if I lose current information on questions when refreshing my
screen?
You do not actually have to be connected while working on the question. Once it is loaded
onto your machine, you can disconnect and just reconnect before submitting it. Don't
close your browser, and don't refresh the question page, since this restarts the whole
question. To see more of the questions without scrolling, you should increase the screen
resolution on your computer (under Display in your control panel). Your laptop should
support at least 1024 x 768, perhaps more.
41. What will I find on the LYRYX website?
In the menu on the left-hand side, you will see 11 chapters. Click the ‘+’ sign to open a
chapter. Each chapter has one or more topics. Each chapter in your Athabasca University
(AU) online materials includes a page called At A Glance. This page is your guide—it
details what activities to do. On LYRYX, read the lessons by clicking through the frames.
When you feel you have mastered the material in the chapter, try the end-of-chapter
questions and review the tutorials before attempting the assignment. Near the bottom of
the menu, below the 11 chapters, you will see the following additional items:
• Mini Spreadsheet—has properties similar to Excel. You can access the mini
spreadsheet through this menu item or directly from a LYRYX question.
• Performance/Study Guide—allow you to monitor where you might need additional
practice.
• Assignments—allows you to track your performance on the assignments. Your best
score on each assignment will be recorded here along with a copy of that assignment.
42. Does LYRYX save a copy of my assignment questions?
Your questions and question results are saved under Assignments. Question Information
is a record of your best question results. If you click a question mark, that question will
appear.
43. Which Internet browser should I use for ACCT 352 and LYRYX if I am running a
Mac or Windows Vista?
With Macs and Windows Vista, Firefox is the best browser to use. Firefox is available for
free download at http://www.mozilla.com/en-US/firefox/

44. If I have re-registered in ACCT 352, can LYRYX grades from my original
registration be forwarded to my re-registration?

ACCT 352v12 FAQs (updated September 2020) 7

 No, your work/grades in LYRYX will not carry forward into your new registration. Our goal
is to help students succeed. Students who re-register were not successful in their original
registration and this, we know from experience, can happen for a variety of reasons.
However, regardless of the reason for a re-registration, students’ knowledge and
understanding of accounting principles/concepts must be current to pass the final exam.
To be current, students need to review and practice all the material in the course.
45. Can I complete this course and LYRYX assignments using an iPad?
The ACCT 352 course pages and LYRYX pages will display fine on the iPad. However, the
drag-and-drop feature will not work on the LYRYX assignment pages. The Adobe Flash
component within these pages cannot be displayed on the iPad.
46. I am unable to view everything listed in LYRYX.
Go to LYRYX.com and use the Browser Compatibility Test. Pop-up blockers must be
disabled.

Course Information

47. I would like to be part of a study group. How do I make that happen?
Athabasca University Students’ Union maintains a database of students who wish to be
Study Buddies. If you would like to connect with another student for discussion
purposes, contact the Students’ Union at 1-800-788-9041 ext. 3413 or [email protected].
You can also check the link to the Study Buddy Board at
http://www.ausu.org/services/studybuddy.php. Alternatively, you can use the chat
function in LYRYX to find a fellow student interested in a study group.
48. I have re-registered in the course. Has anything changed?
We are always striving to improve the course and so changes are made (some small and
some more substantial) even if you have re-registered in the same version of the
course. If you require additional information about changes to the course since you last
registered, please contact the Student Support Centre at 1-800-468-6531 or complete
the online request form on the course site.
49. Does ACCT 352 reflect recent changes in accounting standards?
Yes. ACCT 352 reflects the current accounting requirements, based on IFRS
(International Financial Reporting Standards). AU’s accounting courses are IFRS
compliant.
50. If I plan to pursue an accounting designation, do I need to achieve a certain
grade point average (GPA)?
Requirements vary. Consult with a Senior Program Advisor at business-
[email protected] or 1-800-468-6531. For more information on the accounting
designations consult the Professional Accounting Designations information on AU’s
Faculty of Business site.
51. Can I challenge this course?
No. This course is not challengeable.
52. What grades do I need to pass the course?
To receive credit for ACCT 352, you must achieve: a) a mark of at least “D” (50%) on

ACCT 352v12 FAQs (updated September 2020) 8

 each of the Midterm and Final Examinations; and b) an overall composite grade of “D”
(50%).

Enhanced Features

53. What resources are available at LYRYX?

Your graded assignments are located online at LYRYX.
54. Am I able to view the Discussion Forums prior to my start date?
Yes you are able to view and print, but you cannot post to forums until your start date.
55. How do I join the Forums?
When you go to the “Learning Forums” select the Subscribe to all forums link on the
top right-hand corner. You can then view all the forums and decide which one you want
to comment on. Click the Reply button and type in your comments. If you want to
comment on something that isn't listed, you can Add a new discussion topic.
56. Are there direct links to the PV/FV tutorials for the Sharp calculators?
Links to the PV/FV tutorials are in Chapter 12.

Chapter Questions

57. Where can I find the solutions to the end-of-chapter exercises?

At the bottom of the main course page, the “Appendix B: Solution Manual” link provides
a PDF solution file for the assigned questions from each chapter. The solutions are also
available at the end of each chapter on LYRYX.
58. How much time should I spend on each chapter?
See the “Organizing Your Time” page (a link is on the main course page). This will let
you know how much time to spend on each chapter.

ACCT 352v12 FAQs (updated September 2020) 9