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FAR 1- Accounting concepts

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

By: Danielle Dongmo
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Decks in this class (22)

Accounting Concepts
How is gain or loss from disposin...
1  cards
Reporting
How are increase in production co...
1  cards
Prior Period Adjustment Question
1 what are changes in depreciable...
1  cards
Change In Depreciation
What happens when a firm changes ...
1  cards
Error Correction
1 how are errors corrected in com...
1  cards
Understatement Of Inventory
How do an understatement of inven...
1  cards
Tax Impact On PPA
How does the tax impact affect ppa
1  cards
Cumulative Effect Of A Change In Accounting Principle
What is cumulative effect of a ch...
1  cards
Temporary Declines In Inventory
How are temporary decline in inve...
1  cards
Effective Income Tax Rate
How is effective income tax rate ...
1  cards
Change From Fifo To Lifo
What is a change from fifo to lifo
1  cards
Permanent Decline In Inventort
How are permanent inventory decli...
1  cards
Extraordinary Item
How is a cumulative effect type a...,
How is the amount gain or loss fr...
2  cards
Development Stage Deficit
How are deficit accumulated durin...
1  cards
Development Stage Enterprise
How do financial reporting for a ...
1  cards
Faithful Representation
According to the fasb and iasb co...
1  cards
Foreign Currency
What are foreign currency devalua...
1  cards
Replacent Cost
What is replacement cost
1  cards
Current Market Value
What is current market value
1  cards
IFRS
What is the minimum reporting req...
1  cards
Relevance
What is relevance concept
1  cards
Comprehensive Income
What is comprehensive income
1  cards

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FAR 1- Accounting concepts

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