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Dawn Moore
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Decks in this class (32)
FAR 1-1: Accounting Standards & Conceptual Frameworks
Name the single source of authori...,
The term international financial ...,
What are 3 objectives of financia...
19
cards
FAR 1-2: Income Statement
What is the presentation order of...,
The gain loss from discontinued o...,
In what period are the following ...
14
cards
FAR 1-3: Comprehensive Income
Define comprehensive income,
Identify 5 items included in othe...,
List the 3 formats acceptable for...
4
cards
FAR 1-4: Balance Sheet & Disclosures Overview
Identify the contents of the firs...,
Describe the related party disclo...,
What are the us gaap disclosure r...
3
cards
FAR 1-5: Interim Financial Reporting
What are the guidelines for inter...,
What income tax rate is used in i...
2
cards
FAR 1-6: Segment Reporting
Name the 4 required disclosures f...,
Define operating segment,
Name 2 quantitative thresholds us...
6
cards
FAR 1-7: Development-Stage Enterprises
Define development stage enterprise,
Indicate any special accounting t...
2
cards
FAR 1-8: First-Time Adoption of IFRS
What is the date of an entity s t...
1
cards
FAR 1-9: SEC Reporting Requirements
Describe the form 10 k the form 1...
1
cards
FAR 2-1: Timing Issues
In general what are the criteria ...,
What are the 4 categories of reve...,
When should revenue from the perf...
21
cards
FAR 2-2: Long-Term Construction Contracts
Identify 2 methods of revenue rec...,
For long term construction type c...,
State the formula for recognizing...
3
cards
FAR 2-3: Accounting for Installment Sales
State the formula for calculating...,
When are profits recognized under...
2
cards
FAR 2-4: Accounting for Nonmonetary Exchanges
How are gains losses on nonmoneta...,
How are gains losses on nonmoneta...,
When will an asset exchange have ...
4
cards
FAR 2-5: Financial Reporting & Changing Prices
What are monetary items,
What are nonmonetary items
2
cards
FAR 2-6: Foreign Currency Accounting
Identify the 2 foreign currency a...,
What is an entity s functional cu...,
When is the translation method used
11
cards
FAR 2-7: Other Financial Statement Presentation
What are the general guidelines f...
1
cards
FAR 3-1: Marketable Securities
On the balance sheet marketable s...,
On the balance sheet marketable s...,
How are unrealized losses gains o...
9
cards
FAR 3-2: Business Combinations & Consolidations
State the criteria to consolidate...,
Identify the 3 levels of control ...
2
cards
FAR 3-4: Equity Method & Joint Ventures (External Reporting)
How is the year end investment in...,
How is an investor s equity metho...,
How are joint ventures accounted ...
4
cards
FAR 3-5 & 3-6: Consolidated Financial Statements & Acquisition Method
When are consolidated financial s...,
In acquisition accounting state t...,
How are expenses relating to the ...
10
cards
FAR 3-7: Intercompany Transactions
Name several pro forma workpaper ...,
State the workpaper elimination e...,
State the workpaper elimination e...
5
cards
FAR 3-8: Combined Financial Statements & Push Down Accounting
When are combined financial state...,
When preparing combined financial...,
Describe push down accounting
3
cards
FAR 4-1: Working Capital & Its Components
Define working capital,
How is the current ratio computed,
How is the quick ratio computed
17
cards
FAR 4-2: Inventories
When does the title to goods pass...,
How is market calculated in the u...,
How is nrv calculated in the ifrs...
12
cards
FAR 4-3: Fixed Assets
Give some examples of capitalizab...,
How is fixed asset carrying value...,
Describe the proper accounting fo...
3
cards
FAR 4-4: Depreciable Assets & Depreciation
Give examples of costs to be capi...,
How is investment property define...,
State 2 rules concerning capitali...
7
cards
FAR 4-5: Fixed Asset Impairment
What assets are subject to the im...,
Describe the impairment test for ...,
Name the 2 rules for performing i...
6
cards
FAR 5-1: Present Values & Annuities
What is the difference between an...
1
cards
FAR 5-2: Accounting for Leases
Identify define 2 types of leases...,
Identify define 2 types of leases...,
In an operating lease give the tr...
12
cards
FAR 5-3: Long-Term Liabilities & Bonds Payable
When is a bond issued at a discou...,
How is the bond selling price com...,
Name 2 methods of amortizing bond...
13
cards
FAR 6-1: Pension Plans
Define 2 types of pension plans,
What is the difference between pr...,
What is the formula used to calcu...
10
cards
FAR 6-2: Post-Retirement Benefits Other than Pensions
0
cards
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