Financial Accounting and Reporting

This class was created by Brainscape user Michael McElreath. Visit their profile to learn more about the creator.

Decks in this class (11)

Initial Notes
Fed pria,
Sec standards,
Enhancing qualitative characteris...
32  cards
F1 Standard Setting, Income Statement & Reporting Requirements
Name the enhancing qualitative ch...,
Name the five elements of present...,
Name the single source of authori...
49  cards
F2 Matching, Foreign Currency Accounting, & Other F/S Presentations
Where are translation adjustments...,
Where are re measurement gains lo...,
How are gains losses on nonmoneta...
45  cards
F3 Marketable Securities and Business Combinations
Identify the three levels of cont...,
Acquisition accounting consolidat...,
List three conditions when losses...
35  cards
F4 Working Capital and Fixed Assets
When can a short term obligation ...,
Using the allowance method give t...,
During periods of rising prices t...
32  cards
F5 Leases, Liabilities & Bonds
Define in substance defeasance,
Outline the accounting by the sel...,
Name two methods of amortizing bo...
26  cards
F6 Pensions & Income Tax Accounting
Define permanent differences and ...,
Identify the tax rate used to mea...,
List the four criteria for recogn...
24  cards
F7 Stockholder's Equity, Cash Flows & Ratio Analysis
What are the three sections of th...,
What is the accounting treatment ...,
Summarize the cost method of acco...
28  cards
F8 Governmental Accounting
What are the objectives of extern...,
What are typical revenue sources ...,
What is the purpose of the capita...
57  cards
F9 Governmental & Not-for-Profit Organizations
How are transfers of operations m...,
Is depreciation expense recorded ...,
When are donated services display...
50  cards
F10 Fair Value, Partnerships, VIE's, ARO's Liabilities, Contingencies, etc.
Describe the accounting for costs...,
Describe the hierarchy of fv inpu...,
Describe the exact method of crea...
60  cards

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Financial Accounting and Reporting

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