This class was created by Brainscape user Nick Christensen. Visit their profile to learn more about the creator.
By:
Nick Christensen
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Decks in this class (36)
#5 Financial Statements
Is the recovery of accounts writt...,
What effect do foreign currency t...
2
cards
#7 Objectives, Qualitative Characteristics
According to the conceptual frame...,
Does the conceptual framework est...,
What are the two primary qualitat...
6
cards
#10 Fair Value Framework
What is fair value,
How does the fair value framework...,
Are transaction and transportatio...
10
cards
#12 Inputs & Hierarchy
Describe level 1 inputs in the fa...,
Describe level 2 inputs in the fa...,
Describe level 3 inputs in the fa...
5
cards
#13 Disclosure Requirements
Are fair value disclosures requir...,
Fair value option disclosures are...,
Fair value disclosures must separ...
8
cards
#16 IFRS for SME's
Under ifrs for smes which cost fl...,
Under ifrs for smes what is impor...,
Is ifrs for smes considered an ot...
6
cards
#23 Income Statement
Describe how a multi step income ...,
Selling expenses general and admi...,
Is advertising considered a selli...
7
cards
#24 Other Comprehensive Income
Is the following reported in net ...,
What are the four items of other ...
2
cards
#25 Statement of Owner's Equity
The statement of owners equity is...,
Sec registrants are required to r...,
Can supplementary schedules or fo...
3
cards
#26 Sources and Uses of Cash
What is the primary purpose of th...,
If a firm uses the direct method ...,
The statement of cash flows does ...
4
cards
#28 Operating Cash Flows - Indirect Method
How should the amortization of a ...,
How does accumulated depreciation...,
Investments classified as trading...
3
cards
#30 Risks & Uncertainties
What sources of risk and uncertai...,
Regarding the nature of operation...,
Regarding the use of estimates a ...
7
cards
#31 Subsequent Events
If a subsequent event did not exi...,
A contract should not be recogniz...,
If a contract was signed as of th...
3
cards
#32 Ratios - Liquidity/Solvency
Accounts receivable turnover,
Inventory turnover,
Average days to collect ar
7
cards
TBS 1.2
Realized and unrealized gains and...,
A restructuring charge is include...,
The effects of changes in laws ar...
15
cards
#37 Introduction to Consolidated Statements
Are the results of the consolidat...,
Which one of the following kinds ...,
Consolidated financial statements...
7
cards
#42 Intercompany Inventory Transactions
Which one of the following will o...,
Pine company acquired goods for r...,
Tulip co owns 100 of daisy cos ou...
3
cards
#43/44 Intercompany Fixed Asset & Bond Transactions
For consolidated purposes what ef...,
Assume that on january 2 company ...,
When bonds become intercompany it...
9
cards
#46 Combined Financial Statements
Combined financial statements may...,
In a combined financial statement...,
If problems associated with minor...
4
cards
#52 SEC Role & Standard Setting Process
The sec is comprised of five comm...,
What are the main pronouncements ...
2
cards
#53 SEC Reporting Requirements
What is the form 10 k,
What is the form 10 q,
What is a large accelerated filer...
9
cards
#55 Basic Earnings Per Share
What is the formula for basic ear...,
How do cumulative and noncumulati...,
Would a stock split in year 3 eff...
3
cards
#58 Segment Reporting
What are the three quantitative t...,
What is the 75 rule regarding seg...
2
cards
#59 Interim Reporting Principles
In interim reporting all expenses...,
Can a firm allocate a gain or los...,
In interim reporting how should i...
6
cards
#79 Dollar Value LIFO
Dollar value lifowhat is the conv...,
Dollar value lifohow do you conve...,
What are the steps to dollar valu...
4
cards
# 80 Subsequent Measurement of Inventory
Inventory measured using fifo or ...,
Inventory measured using lifo or ...,
What is the definition of net rea...
5
cards
#92 Valuation
Methods of acquiring plant assets...,
Methods of acquiring plant assets...,
What are the capitalized costs of...
4
cards
#93 Interest Capitalization Basics
What are the two steps involved i...,
Average accumulated expenditures,
What are the two methods that can...
5
cards
#97 Accelerated Depreciation Methods
Explain the sum of years digits m...,
What is the formula to calculate ...,
With the declining balance method...
4
cards
#98 Natural Resources
Regarding natural resources what ...,
What are the two methods of accou...,
Regarding natural resources what ...
3
cards
#99 Impairment - Assets for Use & Assets held for sale
Under us gaap what is the recover...,
Regarding assets in use how do yo...,
Regarding assets in use how do yo...
10
cards
#100 Impairment & IFRS
Regarding the impairment of asset...,
Under ifrs when does impairment t...,
Can impairment losses be recovered
3
cards
#101 PPE & IFRS
Under ifrs how often is the remai...,
Ifrs requires component depreciat...,
What are the ifrs rules regarding...
4
cards
#119 Research & Development
Included or excluded from r and d...,
Included or excluded from r and d...,
Included or excluded from r and d...
18
cards
#120 Software Costs
Regarding software costs what are...,
Regarding software costs are the ...,
Regarding software costs are the ...
4
cards
Governmental Accounting
Who are the 3 main users of gover...,
What are the uses of governmental...,
What are the two paramount object...
19
cards
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FAR
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