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Alan Womble, Jr
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Decks in this class (40)
Conceptual Framework
Faithful representation,
Relevance,
Four enhancing characteristics
12
cards
Encumbrance Accounting
Appropriations,
Encumbrance,
Formulas for appropriations
5
cards
Budgetary Accounting & Encumbrances
Which types of government account...,
First step in the budgetary process,
Second step in the budgetary process
7
cards
Typical Items & Specific Transactions
Net position,
Three categories of net position,
Unrestricted
30
cards
Financial Reprting Entity, Blended & Discrete Units
Component unit,
Two ways in which the component u...,
Blended presentation
4
cards
Proprietary Funds FS
The required statements are,
Organized in order by,
Fiduciary required fs
7
cards
Governmental Funds Financial Statements
Financial statements of a governm...,
Balance sheet,
Statement of revenues expenditure...
9
cards
Format And Content Of The CAFR
Two statements,
Statement of net position,
Statement of activities
4
cards
State And Local Gov Concepts
Primary authoritative body for go...,
Primary intended users of governm...,
2 most important concepts of gove...
29
cards
Fair Value Measurements
Fair value,
Assumptions fair value,
Highest and best use considers wh...
24
cards
Subsequent Events
Subsequent events,
Recognized subsequent events exis...,
Unrecognized subsequent events di...
3
cards
Research And Development Costs
R d activities,
What s not considered r d,
Ifrs r d
10
cards
Nonreciprocal Transfers
Conditional pledges,
Unconditional pledges,
Variance power
18
cards
Leases
Short term lease,
Operating lease,
Finance lease
16
cards
Foreign Currency Transactions
Exchange rate,
Direct rate,
Indirect rate
20
cards
Derivatives And Hedge Accounting
Derivatives,
Underlying,
Notional amount
17
cards
Contingencies And Commitments
Contingent liabilities,
If a contingent liability is prob...,
If the contingent liability is pr...
6
cards
Business Combinations
Business combination,
Merger,
Consolidation
13
cards
Accounting Changes And Error Corrections
Estimate changes,
Accounting principle changes,
Error corrections
5
cards
Income Taxes
Uncertain tax positions,
Permanent differences,
Temporary differences
5
cards
Compensation And Benefits
Compensated absences,
Journal entry for compensated abs...,
Defined benefit plans
20
cards
Revenue
Two main criteria for revenue rec...,
Asc 606 5 steps,
Transaction price
6
cards
Equity
Common vs preferred stock,
Stock issuance 3 accounts hit,
Stock issuance jes received 10 sh...
9
cards
Dividends
Dividends,
Date of record,
Payment date
12
cards
Bonds
Secured and unsecured bonds,
Serial bonds,
Single maturity bonds
30
cards
Payables And Accrued Liabilities
Liabilities,
Accounts payable,
Accrued expenses
14
cards
Intangible Assets
Intangible assets,
Definite life,
Indefinite life
7
cards
Investments
Equity securities recorded at what,
Exceptions to carrying equity sec...,
Journal entry at purchase equity ...
34
cards
Property, Plant, and Equipment
Property plant and equipment,
Ppe includes what,
Carrying amount
34
cards
Inventory
Ways to value inventory,
What inventory methods use lower ...,
What inventory method uses lower ...
28
cards
Receivables
Receivables are recorded at what,
Accounts receivable,
Items that reduce ar
21
cards
Special Purpose Frameworks
Other comprehensive basis of acco...,
Cash basis of accounting,
Modified cash basis of accounting
5
cards
Cash
Cash and cash equivalents,
Examples of cash,
Examples of cash equivalents
5
cards
Financial Statements Of Employee Benefit Plans
Required fss for defined benefit ...,
Required fss for defined contribu...,
Defined benefit pension plan
4
cards
Public Company Reporting Topics
Form 10 k,
Three types of filers,
Large accelerated filer
14
cards
Financial Statements For Nonprofits
Statement of financial position,
Main difference of bs and stateme...,
Two categories of net assets
16
cards
Going Concern
Going concern,
Two situations when disclosures a...,
What should a disclosure describe
3
cards
Discontinued Operations
Discontinued operations,
How are discontinued operations p...,
Results of operations gain or los...
3
cards
Consolidated Financial Statements
Consolidated financial statements,
Controlling interest,
Non controlling interest
11
cards
Genral purpose Financial Statements
Purpose of balance sheet,
Order of items on balance sheet,
Current assets
38
cards
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FAR
- Class purpose General learning
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