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By:
Matt Bennett
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Decks in this class (33)
Financial Reporting
Financial reporting,
Financial reporting,
Financial reporting
56
cards
Financial Accounting Conceptual Framework and an Introduction to Financial Reporting
Under fasb sfac what is the perva...,
For info to be useful it should h...,
What are the two elements of rele...
15
cards
Structure of an Income Statement
How is gross profit shown on an i...,
On an income statement what are t...,
On an income statement what items...
10
cards
Discontinued Operations
An entity is reporting discontinu...,
An entity is holding a group of a...,
On dec 31 year 1 and entity decid...
6
cards
Balance Sheet and Disclosures
What is another title for an enti...,
Which of the following are not cl...,
Events having a material effect o...
7
cards
Statement of Cash Flows
When must a statement of cash flo...,
In a statement of cash flows what...,
What are the 3 main classificatio...
29
cards
Miscellaneous Financial Statements
What are the attributes of interi...,
What are interim f s,
On 1 1 year 1 and entity pays 2 0...
14
cards
Accounts Receivable and Bad Debt Expense
What is a contra asset account,
What 4 figures are normally neede...,
Why is inclusion of an allowance ...
16
cards
Inventory
What is inventory and where does ...,
What is the fob point what is the...,
What costs are included in the re...
31
cards
Present Value Computations
An entity agrees to pay 100 000 i...,
To determine the pv of future cas...,
In order to find the pv of future...
9
cards
Land, Building and Equipment
Assets owned by an entity may cre...,
An entity buys an offshore oil dr...,
An entity buys an offshore oil dr...
45
cards
Marketable Securities
What are the 3 portfolios used to...,
For investments classified as eit...,
How are securities accounted for ...
20
cards
Intangible Assets
What are some examples of intangi...,
What is the definition of organiz...,
What accounting is made of intang...
14
cards
Bonds and Notes; Payables and Investments (If to be held to maturity)
X borrows 100 000 from b for 10 y...,
In troubled debt restructuring wh...,
An entity issues 10 000 shares of...
29
cards
Stockholders' Equity
Describe the differences between ...,
What is treasury stock,
One share of an entity s 10 par v...
38
cards
Long-Term Construction Contracts
What are the two methods by which...,
An entity has a long term constru...,
An entity is building a bridge fo...
11
cards
Installment Sales Method
An entity sells an item where cas...,
An entity buys an item for 1 400 ...,
An entity buys an item for 1 400 ...
6
cards
Deferred Income Taxes
A corp owns shares in t corp anot...,
C corp whose tax rate is 30 owns ...,
At the end of year 1 a reports a ...
25
cards
Equity Method of Accounting for Investments
When is the equity method used to...,
What criteria should be examined ...,
On jan 1 year 1 b buys 30 of l fo...
8
cards
Consolidated Financial Information
A business combination must test ...,
A owns z and goodwill of 390 000 ...,
A and z are joined together to fo...
38
cards
Contingencies and Other Losses and Liabilities
An entity has decided to close on...,
An entity has decided to close on...,
What is a loss contingency
16
cards
Accounting Changes and Error Corrections
What is a prior period adjustment...,
An accountant is preparing an ent...,
On dec 31 of year 3 a business wa...
15
cards
Partnership Accounting
A partnership has four partners w...,
A partnership has net income of 6...,
C and x are partners who share pr...
9
cards
Financial Instruments
What is a derivative,
What is a financial instrument,
All derivatives are reported on a...
8
cards
Earnings per share
In computing diluted eps an entit...,
In computing diluted eps an entit...,
What type of entity must report i...
12
cards
Foreign Currency Balances
An entity has a payable in a fore...,
An entity has made a firm commitm...,
In a translation all assets and l...
16
cards
Reporting Segments of an Enterprise
An entity is trying to decide whe...,
An entity is computing the operat...,
In reporting information about it...
9
cards
Accounting for Leases
What are the two ways a lease can...,
Who are the two parties to a lease,
How many different ways can a cap...
29
cards
Pension Accounting
Provide examples of postretiremen...,
What is the difference between a ...,
In connection with a defined bene...
19
cards
Governmental Accounting: Fund Accounting and Financial Statements
A public college or university mu...,
If a public college or university...,
What f s are produced for the pro...
53
cards
Governmental Accounting: Financial Reporting Process
How are investments in marketable...,
A government pays 120 000 on a lo...,
Some of the governmental funds re...
58
cards
Accounting for Not-for-Profit Organizations
What form do the f s of a public ...,
What official guidelines do priva...,
What is the reporting emphasis fo...
35
cards
International Financial Reporting Standards
Under ifrs framework what are the...,
Under the ifrs framework what are...,
Under the ifrs framework what are...
17
cards
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FAR
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