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Patrick Blake
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Decks in this class (36)
FASB and Standard Setting
What are the final three steps in...,
What does the securities and exch...,
What are the first three steps th...
10
cards
GAAP and Accrual Accounting
When are expenses recognized unde...,
What are the seven key components...,
What body developed generally acc...
11
cards
Financial Statements
What is the purpose of the statem...,
What are cash equivalents,
How are long term assets and liab...
12
cards
Financial Accounting Standards Codification
What are the major areas in the f...,
How are changes to the financial ...,
What is the reason for the financ...
5
cards
Objectives, Qualitative Characteristics
What is understandability,
What is timeliness,
What is verifiability
15
cards
Assumptions, Accounting Principles
What does the matching principle ...,
What does the full disclosure pri...,
What is the concept of capital ma...
12
cards
Constraints and Present Value
What are the two accounting const...,
What is cost effectiveness,
Define cost effectiveness
9
cards
Fair Value Framework - Introduction and Definitions
Define fair value for accounting ...,
For purposes of the fair value de...,
What are the major purposes inten...
3
cards
Recognition and Measurement
Describe the income approach for ...,
Define exit price,
List the items that entities may ...
10
cards
Inputs and Hierarchy
What purpose does the fair value ...,
What are the three levels of the ...,
Describe fair value measurement i...
3
cards
Disclosure Requirements
What are the special disclosures ...,
Distinguish between assets and li...,
What significant fair value discl...
4
cards
IASB and Structure
What is the second objective of t...,
What is the first objective of th...,
What is the third objective of th...
14
cards
IASB Accounting Standards
What are some omitted topics for ...,
What did the securities and excha...,
Is ifrs more rules based or princ...
9
cards
IASB Framework
What elements are considered inco...,
What will be the underlying conce...,
What are some of the purposes of ...
14
cards
SEC - Role and Standard Setting Process
What does the securities and exch...,
When the securities and exchange ...,
Define staff accounting bulletins...
8
cards
SEC - Reporting Requirements
What information does the 8 k pro...,
What are the steps in the offerin...,
What information does management ...
15
cards
Balance Sheet 1
Define measurement base,
What is another name for the bala...,
Define net realizable value
8
cards
Balance Sheet 2
What is the classification for an...,
What is the overall objective of ...,
What kinds of transactions are re...
9
cards
Income Statement 1
Does accounting income take a tra...,
What represent increases in net a...,
What items are not shown on the i...
9
cards
Income Statement 2
What is operating margin,
What does the single step income ...,
What two formats are accepted und...
10
cards
Statement of Comprehensive Income
What is other comprehensive incom...,
Does international financial repo...,
What is the main purpose of discl...
9
cards
Statement of Changes in Equity under US GAAP
Does accumulated other comprehens...,
How many years of owners equity o...,
List the other names for statemen...
7
cards
Sources and Uses of Cash
List the required categories for ...,
What is the indirect method on th...,
What is the basic purpose of the ...
11
cards
Operating, Investing and Financing Activities
What is the cash flow category fo...,
What is the cash flow category fo...,
What is the cash flow category fo...
13
cards
Operating Cash Flows - Indirect Method
What is the purpose of the operat...,
What is the purpose of the operat...,
Using the indirect method for rep...
6
cards
Notes To Financial Statements
Define specific price change,
Define purchasing power gain,
What are the disclosure requireme...
19
cards
Ratios - Liquidity/Solvency and Operational
What are the general types of ratios,
List the formula for times prefer...,
List the cash availability or int...
15
cards
Ratios - Profitability and Equity
List the book value per preferred...,
What do profitability ratios measure,
List the return on total assets f...
15
cards
First-Time Adoption of IFRS
When is the transition date for ifrs,
When do international financial r...,
What statements are required upon...
6
cards
Cash, Modified Cash, Income Tax
Identify the other comprehensive ...,
Identify some bases of accounting...,
Describe a modified cash basis of...
3
cards
Auditing OCBOA
Under what circumstances can an a...,
Describe special purpose financia...,
What changes should be made in an...
5
cards
Introduction to Personal Financial Statements
Identify the statements included ...,
Identify the entities for whom pe...,
What accounting concepts underlie...
3
cards
Asset, Liability, and Net Worth Valuation and Presentation
In what order should liabilities ...,
In what order should liabilities ...,
How should a significant interest...
12
cards
IFRS for SMEs
Identify the types of entities th...,
Identify some of the possible adv...,
What are the various types of gen...
3
cards
Cash
What does separation of duties ac...,
Describe bank overdraft rules,
Define monetary assets
8
cards
Bank Reconciliations
What are outstanding checks,
List the adjustments made to a ba...,
What does an nsf check represent
7
cards
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FAR
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