We are allowed to bring a "Cheat Sheet" to our accounting exam on Wednesday. While I appreciate the pseudo-open-bookedness of the gesture, cheat sheets drive me nuts. I would want an exam to mimic real life as much as possible. It is much more plausible that we will be near a textbook or the internet when faced with an accounting problem than an 8.5x11 piece of paper with formulas written on both sides.
Yes, I understand that writing the cheat sheet is in itself a helpful tool. However, the decision to do this or not should be up to the student. Likewise, if a student wants to spend a portion of a two-hour exam thumbing through a textbook, so be it. I just don't like things that make so little sense.