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Kia Rainey
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Decks in this class (21)
Chapter 1: Financial Accounting and Accounting Standards
Who are general purpose financial...,
The objective of financial reporting,
What was the 1933 securities act
19
cards
Chapter 2: Conceptual Framework for Financial Reporting
What are the three decisions acco...,
What is the authoritative status ...,
What is the cost constraint
14
cards
Chapter 3: The Accounting Information System
What is the accounting cycle,
What are economic events,
What is the accounting equation
10
cards
Chapter 4: The Income Statement and Related Information
What are the advantages of the in...,
What are the limitations of the i...,
How is the single step statement ...
13
cards
Chapter 5: Balance Sheet and Statement of Cash Flows
What are the advantages of the ba...,
What are the limitations of the b...,
What are the elements of the bala...
27
cards
Chapter 7: Cash and Receivables
When is ar recognized,
What is the initial valuation of ar,
What is the valuation at period end
5
cards
Chapter 8: Valuation of Inventories: A Cost-Basis Approach
What is the periodic inventory sy...,
What is the perpetual inventory s...,
What are the journal entries for ...
26
cards
Chapter 9: Inventories: Additional Valuation Issues
What is conservatism,
What is lower of cost or market lcm,
What is the decision tree for val...
23
cards
Chapter 11: Decision Making and Relevant Information
What are the 5 steps in decision ...,
What are the 2 characteristics of...,
What are the key features of rele...
20
cards
Chapter 12: Pricing Decisions and Cost Management
What is the main consideration wh...,
What are the 3,
What are the 2 key factors affect...
23
cards
Chapter 10: Acquisition and Disposition of Property, Plant, and Equipment
What is property plant and equipm...,
How is ppe measured what is inclu...,
Why is the historical cost of val...
29
cards
Chapter 11: Depreciation, Impairments, and Depletion
Depreciation,
What are the factors involved in ...,
Activity method
19
cards
Chapter 12: Intangible Assets
Intangibles,
Amortization,
Purchased intangibles
24
cards
Chapter 17: Investments
Held to maturity,
Trading,
Available for sale
4
cards
Chapter 10: Acquisition and Disposition of Property, Plant, and Equipment (Abbreviated)
How do companies ordinarily accou...,
Commercial substance
2
cards
Chapter 9: Elements & Treatments in Retail Method
Elementabnormal shortages spoilag...,
Elementemployee discounts if sale...,
Elementfreight in shipping insurance
6
cards
Chapter 10: Costs Subsequent to Acquisition
When should you capitalize costs ...,
Type of expenditureaddition,
Type of expenditure
10
cards
Chapter 19: Accounting for Income Taxes
How do you determine the deferred...,
What is the difference between a ...,
What is the strategy to find the ...
4
cards
Chapter 20: Accounting for Pensions and Other Post-retirement Benefits
What are 3 types of pension plans,
What does overfunded or underfund...,
What are the components of pensio...
12
cards
Chapter 21: Accounting for Leases
How should the lesee,
How should the lesee in a operati...,
How should the lessor in a financ...
14
cards
Chapter 23: Statement of Cash Flows
0
cards
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Financial Accounting
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