FAR - My Becker Study Notes

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

Decks in this class (35)

Deferred Taxes
Warrant expense estimated on book...,
Bad debt expense estimated on fin...,
Warranty tax obligation exceed fi...
16  cards
Cash and Cash equivalent
Handling fee of 26 nsf check,
All checks mailed by the company ...,
A customer wrote bad check to the...
20  cards
Account Receivables
Under the allowance method of rec...,
When the allowance method of reco...,
Nrv of account receivables are 43...
8  cards
Inventory
Should we recognize inventory los...,
Which gaap inventory costing meth...,
What happens when a company chang...
20  cards
PP&E
What is the proper accounting for...,
A company sold a warehouse and pu...,
A building is being actively mark...
10  cards
Non-Monetary Assets
What is reported amount of an ass...,
In an a transaction is reported a...,
In a commercial substance should ...
14  cards
Investments
What is the formula of credit los...,
Where does the credit loss for af...,
When credit loss should be recorded
35  cards
Equity Method
Ravont received cash dividends fr...,
Inequity method accounting would ...,
Inequity method accounting would ...
14  cards
Intracompany Transactions
Parent owns 75 of sub sub pays 5 ...,
Parent bought bonds issued by sub...,
There was a intercompany sale of ...
9  cards
Intangibles
How do you account for the purcha...,
How do you account for internally...,
How do you account for internally...
41  cards
Acquisition
Which fees you deduct from apic w...,
Do you deduct legal and consultin...,
In a business combination do you ...
21  cards
Consolidation
0  cards
Stockholders Equity
What kind of capital is retained ...,
What kind of capital is apic,
What is cumulative preferred divi...
18  cards
Earning Per Share
How do you treat the stock split ...,
How do we trat stock dividend for...,
How do we treat stock split and s...
5  cards
Statement of Cash Flow
0  cards
Payable and Accrued Liabilities
What are costs associated with ex...,
Are costs to terminate a capital ...,
Is the cost of retiring a fixed a...
22  cards
Bonds
What is bond liability for a disc...,
What is bond liability of a premi...,
What is a serial bond
9  cards
Standards and Conceptual Framework
0  cards
Income Statement and Balance Sheet
Is redesigning packaging to make ...,
Do you add gain on debt extinguis...,
Is freight out a selling expense
27  cards
Revenue Recognition
0  cards
IS- Discontinued Operations
0  cards
Accounting Changes and Error Corrections
Inventory change from fifo to lifo,
Inventory change from lifo to fifo,
New update on accounting standard
14  cards
Statement of Comprehensive Income
What is comprehensive income,
What is total comprehensive income,
What net income includes
5  cards
Adjusting Journal Entries
0  cards
Notes to Financial Statement
0  cards
Subsequent Events
Sale of bond or capital stock aft...,
Business combination after the ba...,
Loss of plant due to fire or natu...
16  cards
Fair Value Measurements
Us gaap have standardized the def...,
Is fv an exit price or entrance p...,
Is fv a market based measure or a...
28  cards
Segment Reporting
When segment reporting is required,
What are characteristics of a seg...,
What is an example o cost center ...
23  cards
SEC Reporting Requirements
Foreign private issue file which ...,
Corporate assets acquisition and ...,
Changes to the accountant are rep...
32  cards
Special Purpose Frameworks
0  cards
Ratio Analysis
Net working capital formula,
Current ratio,
Quick ratio acid test ratio
28  cards
Partnerships
0  cards
Cash Flow of Not-For-Profit
Interest payment on short term ba...,
Purchase of an ambulance,
Unrestricted promises collected
13  cards
Government Cash Flow Statement
Which method is allowed,
How many sections are there,
Which fund has the scf
22  cards
Statement Names SIM
The financial statement that show...,
The financial statement prepared ...,
The financial statement that repo...
11  cards

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FAR - My Becker Study Notes

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