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Daniel Cortes
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Decks in this class (39)
FAR-F1-M3-Revenue Recognition Part 1
What are the criteria to treat ea...,
What are the conditions in order ...,
What are the 5 steps behind the a...
11
cards
FAR-F1-M4-Revenue Recognition Part 2
What is an incremental cost,
What is a repurchase agreement an...,
When is a repurchase agreement ac...
7
cards
FAR-F1-M5-Income Statement Discontinued Operations
When is the earliest time a compo...,
What are the various types of acc...,
What is an example that qualifies...
4
cards
FAR-F1-M7-Statement of Comprehensive Income
What is the formula for comprehen...,
What is included in other compreh...,
Where is oci reported
7
cards
FAR-F1-M8-Adjusting Journal Entries
Is the following statement true o...,
What is the adjusting journal ent...,
What is the adjusting journal ent...
5
cards
FAR-F1-M6-Accounting Changes and Error Corrections
What are examples of a change in ...,
What is the treatment of accounti...,
What are examples of a change in ...
11
cards
FAR-F2-M1-Notes to the financial statements
Is the following statement true o...,
Is the management discussion and ...,
What is the concentration of cred...
9
cards
FAR-F2-M2-Subsequent Events
What is the definition of a subse...,
What is the treatment of a recogn...,
What is the treatment of an unrec...
6
cards
FAR-F2-M3-Fair Value Measurements
Is the following statement true o...,
Is the following statement true o...,
Fair value for an asset or liabil...
13
cards
FAR-F2-M5-SEC Reporting Requirements
What are the qualifications for a...,
What are the qualifications of an...,
What are the qualifications for a...
19
cards
FAR-F2-M7-Ratio Analysis
What is the working capital formula,
What is the current ratio formula,
What is the quick ratio formula
26
cards
FAR-F3-M1-Cash and Cash Equivalents
Is the following statement true o...,
What is the formula to reconcile ...,
Is the following statement true o...
10
cards
FAR-F3-M2-Trade Receivables
Is the direct write off method al...,
Other than the direct write off m...,
How is the provision for bad debt...
13
cards
FAR-F3-M4&M5 - Cost Basis and Depreciation and Disposal
Whenever assets are purchased req...,
Can interest be capitalized for land,
How should land and buildings tha...
24
cards
FAR-F3-M7-Intangibles
How are intangible assets with a ...,
Can intangible assets with an ind...,
How are intangible assets with an...
18
cards
FAR-F4-M1-Financial Instruments
How are equity securities typical...,
Where are unrealized gains and lo...,
What are the 3 types of debt secu...
24
cards
FAR-F4-M2-Equity Method
When is the equity method used to...,
What is the je to record the init...,
What is the key difference betwee...
9
cards
FAR-F4-M3-Basic Consolidation Concepts
What is the variable interest model,
Under the variable interest model...,
Are costs to register and issue s...
9
cards
FAR-F4-M4-Acquisition Method Part 1
What is the journal entry the par...,
What is the parent s basis in the...,
How are business combination cost...
12
cards
FAR-F4-M5-Acquisition Method Part 2
What is noncontrolling interest a...,
How is noncontrolling interest ca...,
How is noncontrolling interest ca...
13
cards
FAR-F4-M6-Intercompany Transactions
What is the general rule for inte...,
It is common for affiliated compa...,
Why are intercompany transactions...
10
cards
FAR-F4-M7-Consolidated Financial Statements
Is the following statement true o...,
Is the following statement true o...,
Are the consolidated retained ear...
9
cards
FAR-F1-M2-Income Statement and Balance Sheet
What are examples of selling expe...,
Are officers salaries and insuran...,
What are the main line items in a...
5
cards
FAR-F2-M4-Segment Reporting
Does segment reporting apply to n...,
What qualifies as an operating se...,
What are some examples of an oper...
7
cards
FAR-F3-M3-Inventory
What are the four types of invent...,
What are the different ways to va...,
Under us gaap the lower of cost a...
34
cards
FAR-F5-M1-Payables and Accrued Liabilities
Liabilities are classified as eit...,
What are accrued expenses,
Is the following statement true o...
21
cards
FAR-F5-M2-Contingencies and Commitments
If the contingent liability is pr...,
If the contingent liability is pr...,
If a contingent liability is prob...
10
cards
FAR-F5-M3-Long Term Liabilities
What are the several different co...,
What does the present value of 1 ...,
What does the future value of 1 r...
25
cards
FAR-F5-M6-Troubled Debt Restructuring
What constitutes a troubled debt ...,
When assets are transferred in a ...,
In a troubled debt restructuring ...
13
cards
FAR-F5-M4-Bonds Part 1
What are the different types of b...,
What is the difference between se...,
What are bonds with detachable wa...
19
cards
FAR-F5-M5-Bonds Part 2
Is the following statement true o...,
What are two bond amortization me...,
Is the straight line method for b...
9
cards
FAR-F6-M2/M3-Leases Part 1 and 2
What are the three types of leases,
What is a short term lease,
What is an operating lease
39
cards
FAR-F6-M4-Derivatives and Hedge Accounting
What is a derivative,
What is an underlying,
What is a notional amount
22
cards
FAR-F6-M4-Foreign Currency Accounting
What are foreign currency transac...,
What is the definition of a direc...,
What is the definition of an indi...
18
cards
FAR-F7-M1/M2-Stockholder's Equity Part 1 and 2
What is the biggest difference be...,
Either with the cost method or th...,
What are the main components of s...
43
cards
FAR-F7-M3-Stock Compensation
What are stock options,
What is the difference between th...,
When is compensation expense calc...
8
cards
FAR-F7-M4-Earnings Per Share
What is the formula for basic eps,
Income available to common shareh...,
For a simple capital structure wh...
14
cards
FAR-F7-M5-Statement of Cash Flows
What does the statement of cash f...,
What are the three different type...,
Does us gaap require a reconcilia...
27
cards
FAR-F10-M5-Notes and Supplementary Information
What is the main segment of the n...,
What is the general format of gov...,
Is the following statement true o...
14
cards
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CPA-FAR
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