FAR Personal Flashcards

This class was created by Brainscape user Grace-Allison Patchett. Visit their profile to learn more about the creator.

Decks in this class (34)

FAR Module 9A
What basis is required by gaap,
What basis violates gaap,
Installment sales formula for rea...
64  cards
FAR Module 9B
What type of errors affect two pe...,
What type of errors affect only o...,
Nonsystematic errors in adjusting...
19  cards
FAR Module 9C
T f corrections of errors are acc...,
List the three kinds of accountin...,
What term word is reserved only f...
32  cards
FAR Module 9D
How do you state the date on a ba...,
How do you state the date on an i...,
How do you calculate net sales wh...
104  cards
FAR Module 9 Misc.
Sfac 8 covers what,
What is the single source of us g...,
Sfac 8 chapter 3 covers what
62  cards
FAR Module 10
T f inventory is a current asset,
What asc topic covers inventory,
T f because inventory is overturn...
107  cards
FAR Module 11
The depreciation costs for fixed ...,
These represent the capitalized a...,
Land buildings equipment or any o...
123  cards
FAR Module 11 Misc.
T f generally a cost should be ca...,
For purposes of nonmonetary excha...,
When management plans to dispose ...
6  cards
ASC Topic Numbers
Fair value option is what asc top...,
Fair value measurement is what as...,
Changing prices is what asc topic...
26  cards
FAR Module 12A
These have to be readily converti...,
Define cash,
Generally cash equivalents are in...
79  cards
FAR Module 12B
Typically a servicing contract re...,
Servicing of financial assets may...,
What benefits are involved in a s...
51  cards
FAR Module 12C
What loss contingencies are not a...,
Regarding litigation when should ...,
An employer should accrue a liabi...
35  cards
FAR Module 13A
When interest is compounded more ...,
Define compounding,
Define annuity
27  cards
FAR Module 12 Misc
T f treasury stock are examples o...,
T f checking accounts are example...,
T f treasury bills are examples o...
25  cards
FAR Module 13B
Define the contract rate,
When must you consider pv tvm,
What do you use the contract rate...
87  cards
FAR Module 13C
Creditor,
When researching impaired loans i...,
How does the debtor perceive the ...
21  cards
FAR Module 13D
Under this pension plan the emplo...,
Under this pension plan the emplo...,
This is what you owe your employe...
43  cards
FAR Module 13E
Who is the lessee,
Who is the lessor,
How do you attack a lease problem
58  cards
FAR Module 14
These items are differences betwe...,
These items are differences betwe...,
What are four common examples of ...
21  cards
FAR Module 15 SHE
Is common stock ever issued at a ...,
What is the je to record the issu...,
If a stock is no par how does tha...
61  cards
FAR Module 15 EPS
Eps for which two items must be o...,
You must show eps for what four t...,
Eps for which two items can be ei...
13  cards
FAR Module 17
What assessments can a user make ...,
What are some of the objectives o...,
Define cash equivalents
13  cards
FAR Module 16
This includes ownership interests...,
This is any security representing...,
These are the three classificatio...
25  cards
FAR Module 18
What are the correct current term...,
What are the outdated terms used ...,
This is the party that is being a...
31  cards
FAR Module 19
Describe a foreign currency trans...,
Describe a foreign currency trans...,
This is the process of separating...
48  cards
FAR Module 20A
This personal financial statement...,
What are the two types of persona...,
This personal financial statement...
9  cards
FAR Module 20B
What is the primary purpose of in...,
This term is used to describe fin...,
What is the discrete view
14  cards
FAR Module 20C
T f if you qualify for not being ...,
T f segment reporting does not ap...,
This is a component of an enterpr...
25  cards
FAR Module 20D
T f there are no authoritative pr...,
A partner s capital account is eq...,
A partner s capital account is al...
19  cards
FAR Module 20E
Define a foreign currency transla...,
How is a foreign currency transla...,
Define a foreign currency statement
33  cards
FAR Module 21
What are the four jurisdictions i...,
What jurisdiction covers state lo...,
What are some of the major differ...
161  cards
FAR Module 21 Governmental Fund JEs
What are the three general fund r...,
The general fund fund balance fun...,
What are the four general fund no...
39  cards
FAR Module 21 Proprietary & Fiduciary Fund JEs
When a proprietary fund is establ...,
When a proprietary fund is establ...,
What does the term advance from i...
7  cards
FAR Module 21 Misc.
Ias 20 requires that revenue for ...,
What is the main difference betwe...,
T f a careful pro forma presentat...
27  cards

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FAR Personal Flashcards

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