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Ryan Sampson
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Decks in this class (45)
F1 - Accounting Standards and Conceptual Frameworks
How many members of the fasb boar...,
Authoritative literature in the c...,
What is the purpose of the intern...
13
cards
F1 - Income Statement
What is the presentation order of...,
What is included in inventory costs,
What is included in selling expense
19
cards
F1 - Comprehensive Income
Order of other comprehensive inco...,
Why are reclassification adjustme...,
What line item does the single st...
7
cards
F1 - Balance Sheet and Disclosures Overview
In what paragraph should the summ...,
What should be included in the su...,
What is the purpose of informatio...
6
cards
F1 - Interim Financial Reporting
Who mandates interim financial re...,
What enhancing qualitative charac...,
What is the minimum requirements ...
5
cards
F1 - Segment Reporting
What test s must be met for a seg...,
To whom must the segment report i...,
What type of entities are require...
5
cards
F1 - Development-Stage Enterprises (U.S. GAAP)
How should expenses of a start up...,
How do financial statements of a ...
2
cards
F1 - First Time Adoption of IFRS
How many of each financial statem...,
How should a first time adopter o...,
On its opening ifrs balance sheet...
3
cards
F1 - SEC Reporting Requirements
10 k,
10 q,
Registration statements
18
cards
F2 - Timing Issues
How are uses of the entity s asse...,
How are r d expenses treated unde...,
How are excess prepaid assets tre...
16
cards
F2 - Long-Term Construction Contracts
The calculation of the income rec...,
What amount should be recognized ...
2
cards
F2 - Accounting for Installment Sales
How is deferred gross profit calc...,
How is the gross profit percentag...,
Under the cost recovery method ho...
3
cards
F2 - Accounting for Nonmonetary Exchanges
When are losses recognized in non...,
How are gains losses calculated i...,
When the transaction lacks commer...
3
cards
F2 - Financial Reporting and Changing Prices
Financial statements prepared und...,
Under what method are specific pr...,
During a period of inflation an a...
4
cards
F2 - Foreign Currency Accounting
Which method of foreign currency ...,
The functional currency is define...,
Gains from foreign currency fluct...
9
cards
F2 - Other Financial Statement Presentations
In financial statements prepared ...,
T f on personal financial stateme...,
What do personal financial statem...
3
cards
F3 - Marketable Securities
At what cost should held to matur...,
At what cost should available for...,
T f trading securities both debt ...
3
cards
F3 - Business Combinations/Consolidations
How long between parent and sub y...
1
cards
F3 - Cost Method
What are the other names for the ...
1
cards
F3 - Equity Method and Joint Ventures
Under the cost or equity method h...,
Under which method should joint v...,
Should dividends be included in c...
6
cards
F3 - Consolidated Financial Statements
What are the eliminating journal ...,
T f stock registration costs are ...,
How is goodwill calculated
8
cards
F3 - Intercompany Transactions
T f the purchase by the member of...
1
cards
F4 - Working Capital and Its Components
What is the journal entry to writ...,
When the allowance method of reco...,
How is current ratio calculated
5
cards
F4 - Inventories
When are goods shipped fob shippi...,
How is lower of cost or market de...,
A company decided to change its i...
8
cards
F4 - Depreciable Assets and Depreciation
When a partial impairment of a fi...
1
cards
F4 - Fixed Asset Impairment
How is impairment calculated unde...
1
cards
F5 - Accounting for Leases
If property taxes are included in...
1
cards
F5 - Long-Term Liabilities and Bonds Payable
At any given time under a discoun...,
How is bond amortization calculat...,
What is the calculation for apic ...
9
cards
F6 - Pension Plans
Under us gaap the service cost co...,
Under us gaap what is the present...,
Pensions are great at the beginning
7
cards
F6 - Postretirement Benefits Other Than Pensions
Define attribution period,
Which cost is unique to postretir...
2
cards
F6 - Accounting for Income Taxes
T f all current deferred tax liab...,
T f current tax expense is calcul...,
T f tax expense is reduced by the...
3
cards
F7 - Stockholders' Equity
When should retained earnings be ...,
If shares are issued for goods or...,
The primary purpose of a quasi re...
10
cards
F7 - Earnings Per Share
T f stock splits and stock divide...,
T f contingent shares that are di...,
T f if a stock dividend or a stoc...
6
cards
F7 - Statement of Cash Flows
Under the indirect method of the ...,
What is included in operating cas...,
What is included in investing cas...
8
cards
F7 - Financial Ratios
Current ratio,
Acid test ratio,
Cash ratio
19
cards
F8 - Modified Accrual Accounting
What is derived tax revenue,
What is imposed non exchange tax ...,
What is the journal entry to reco...
4
cards
F8 - Governmental Funds
Which 2 governmental funds do not...,
T f in the special revenue fund o...,
At what value should capital asse...
4
cards
F8 - Proprietary Funds
A city council designates funds i...
1
cards
F8 - Fiduciary Funds
What is the major difference betw...
1
cards
F9 - Governmental Accounting
The statement of activities of th...,
Which type of government financia...,
What would a government managemen...
6
cards
F9 - Not For Profit Organizations
What is the journal entry for the...,
T f non profits do not record dep...,
On the balance sheet of a not for...
9
cards
F10 - Fair Value Measurement
Under gaap and ifrs what are the ...
1
cards
F10 - Other Liabilities and Debt Covenants
How should the discount resulting...,
When should dividends be accrued for,
T f if a note is sold with recour...
4
cards
F10 - Financial Instruments
Where are the gains and losses fr...,
Where does the ineffective portio...,
If an entity elects to use the fa...
3
cards
FAR Final Review
How are income statement items us...,
Under the remeasurement method ho...,
How are balance sheet items using...
3
cards
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FAR Section - CPA Exam
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