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

Decks in this class (17)

Lesson 1
What is an asset liability approach,
What is the 5 step process for re...,
What is the revenue recognition p...
17  cards
Lesson 2
What is a repurchase agreement,
How are repurchase agreements com...,
What is a put option
19  cards
Lesson 3
Contract assets and contract liab...,
What is a contract asset,
What is a contract liability
14  cards
Lesson 4
What is long term construction co...,
What are the three criteria that ...,
What is the percentage of complet...
15  cards
Module 1 Quiz
When should the seller of a good ...,
What is an example of a contract ...,
Stossel company sells 300 units f...
4  cards
Lesson 5
What is a debt security,
What are the 3 categories of debt...,
What is held to security
16  cards
Lesson 6
What are equity securities,
What are the 3 classifications of...,
Fair value method accounting trea...
6  cards
Lesson 7
When an investor has an investmen...,
What is the equity method,
How does the equity method work
8  cards
Lesson 8
Holdings of more than 50 is said ...,
In a controlling interest relatio...,
In holdings of more than 50 what ...
5  cards
Lesson 9
What does instrument by instrumen...,
What is gains trading,
What is cecl
11  cards
Module 2 Quiz
Which debt securities recognize t...,
Savannah corporation purchased 35...,
What is accurate about the effect...
5  cards
Unit 2 Quiz
During year 1 company a purchases...,
Which valuation method is used to...,
Company a owns 35 of company b du...
10  cards
Lesson 10
What is pretax financial income,
What is taxable income,
What is a temporary difference
17  cards
Lesson 11
What is the formula is used to co...,
Income tax expense is often refer...,
What are the 2 types of differenc...
16  cards
Lesson 12
Companies should disclose which 2...,
Examinations of deferred portion ...,
What is the formula to compute in...
9  cards
Module 3 Quiz
What is deferred tax expense,
Parker corporation prepared the f...,
How should deferred taxes be pres...
5  cards
Unit 4
Which financial accounting standa...,
Which type of tax rate is used to...,
Which temporary difference increa...
10  cards

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Account III

  • Class purpose General learning

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