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Nicole Aufiero
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Decks in this class (37)
01.01 Balance Sheet / Statement of Financial Position
Publicly held companies are requi...,
True or false nonpublic entities ...,
What basis of accounting does gaa...
15
cards
01.02 Income Statement / Statement of Profit or Loss
What is another name for the inco...,
True or false the income statemen...,
What two sections are contained i...
15
cards
01.03 Statement of Comprehensive Income
What is the purpose of reporting ...,
What is included in comprehensive...,
What are the two components of co...
9
cards
01.04 Statement of Changes in Equity
What are the components of shareh...,
Common stock,
Preferred shares
7
cards
01.06 Statement of Cash Flows
True or false a statement of cash...,
What is the purpose of the statem...,
The statement of cash flows expla...
14
cards
01.07 Consolidated Financial Statements
When are consolidated financial s...,
When is effective control present,
What do consolidated financial st...
16
cards
01.08 Notes to the financial statements
What is the purpose of the financ...,
Are disclosures required by gaap,
True or false a summary of signif...
22
cards
02.01 Not-for-profit overview
General-Purpose Financial Reporting: Nongovernmental Not-for-Profit Entities
25
cards
02.02 Statement of Financial Position
What is the purpose of the statem...,
Must net assets with donor restri...,
What are net assets without donor...
5
cards
02.03 Statement of Activities
What is reported on the statement...,
What are the four sections of the...,
Revenues gains and other support ...
11
cards
02.04 Statement of Cash Flows
What is the principal difference ...,
What methods may be used to prepa...,
What is included in operating act...
5
cards
02.05 Notes to the Financial Statements
What disclosures are required for...,
What information about endowment ...
2
cards
03.01 State and Local Government Concepts
What is a government,
What is presented in a government...,
What are the required financial s...
46
cards
04.01 Public Company Reporting Topics
What is the securities and exchan...,
True or false the sec can prescri...,
What agency regulates the issuanc...
18
cards
05.01 Special Purpose Frameworks
True or false a nonpublic busines...,
What are examples of special purp...,
For cash basis financial statemen...
9
cards
06.01 Financial Statement Ratios and Performance Metrics
What are fs ratios and performanc...,
What is the purpose of profitabil...,
What is the purpose of liquidity ...
30
cards
07.01 Cash & Cash Equivalents
What is a cash equivalent,
What are examples of cash equival...,
What items are excluded from unre...
7
cards
08.01 Trade Receivables
What are trade accounts receivables,
How are receivables valued on the...,
What is a trade discount
27
cards
09.01 Inventory
What is inventory,
What type of inventory does a man...,
What type of inventory does a mer...
28
cards
10.01 Property, Plant, and Equipment
What is property plant and equipment,
What are examples of pp e accounts,
What are the initial capitalized ...
13
cards
11.01 Investments Overview
What are the two basic categories...,
What are debt securities,
What are equity securities
6
cards
11.02 Investments in Debt Securities
What is the accounting and report...,
What are the three types of debt ...,
What is a trading security
19
cards
11.03 Investments in Equity Securities
What is an investment in equity s...,
What level of influence does an i...,
What level of influence does an i...
10
cards
11.04 Investments in Equity Securities: The Equity Method
When does an investor use the equ...,
What are the factors to consider ...
2
cards
11.05 Investor Stock Dividends, Splits, and Rights
What are stock dividends,
What is a stock split,
How is any gain loss calculated o...
5
cards
12.01 Intangible Assets
What is an intangible asset,
What is a finite lived asset,
What is an indefinite lived asset
17
cards
13.01 Payables and Accrued Liabilities
What is a liability,
What are the two ways liabilities...,
What are examples of current liab...
4
cards
14.01 Notes and Bonds Payable
What is a bond,
What characteristics are bonds cl...,
What are the maturity patterns of...
52
cards
14.02 Debt Covenant Compliance
What is a covenant,
How are covenants established,
What is the disclosure requiremen...
11
cards
15.01 Equity
What does equity represent,
What are the two main categories ...,
What are the major equity account...
25
cards
16.01 Accounting Changes & Error Corrections
What is the definition of an acco...,
How can accounting changes be acc...,
True or false the correction of a...
23
cards
17.01 Contingencies & Commitments
What is a contingency,
What are the two types of conting...,
What is the recognition of a cont...
10
cards
18.01 Revenue Recognition
What is the five step model for r...,
What is the definition of a customer,
What is the definition of a contract
30
cards
19.01 Accounting for Income Taxes
What is interperiod tax allocation,
What are the two components of in...,
How do you calculate the current ...
22
cards
20.01 Fair Value Measurements
What is the definition of fair value,
What items are required to be rep...,
What are transaction costs
11
cards
21.01 Lessee Accounting
What is the definition oaf a lease,
What is the definition of control,
What are the classifications of a...
18
cards
22.01 Subsequent Events
What are subsequent events,
What are examples of subsequent e...,
What are the two categories of su...
6
cards
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