F5:Special Purpose Framework Flashcards
1
Q
What is the formula to convert from cash basis to accrual basis?
A
2
Q
How do you convert accrual basis net income to cash basis?
A
3
Q
What is the formula for making cash payments to COGS expense?
A
4
Q
What do you add or deduct to convert cash basis to accrual net income?
A
5
Q
How are revenues and expenses recognized either cash basis and accrual basis?
A
6
Q
What are the steps to convert cash payments to accrual basis expense?
A
7
Q
How do you determine sales revenue under cash basis accounting?
A
8
Q
What is cash to accrual conversion formula dealing with accounts receivable and accrued expenses?
A
