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

Decks in this class (23)

FAR SEC 2
Are the financial statement forma...,
The left side of the accounting e...,
The right side of the accounting ...
197  cards
FAR SEC 1
Financial statements,
Financial vs managerial accounting,
Securities and exchange commissio...
171  cards
FAR SEC 3
When the outcome of the contract ...,
Should earnings per share eps be ...,
Should earnings per share data mu...
229  cards
Accounting Fundamentals
What is a contra account
1  cards
Debits & Credits
Assets,
Contra asset,
Liability
11  cards
FAR SEC 4
What is the threshold for reporti...,
What is the threshold for reporti...,
Does gaap require a particular fo...
150  cards
FAR SEC 4 PRACTICE QUESTIONS
0  cards
FAR SEC 5
What is the most liquid asset,
What are cash equivalents,
What is the standard of value for...
110  cards
FAR SEC 6
In terms of liquidity how do acco...,
What are accounts receivable,
What are notes receivable
59  cards
FAR SEC 7
What is inventory 5 elements,
What is retailing as a source of ...,
What is retail cost of goods sold
58  cards
FAR SEC 8
What is the definition of propert...,
How is the carrying amount of ppe...,
What are the seven types of ppe
84  cards
FAR SEC 9
What are the six main categories ...,
What is the definition of intangi...,
How does initial recognition of i...
43  cards
FAR SEC 10
What is the definition of account...,
What are current liabilities 3 el...,
For accounts payable what is the ...
73  cards
FAR SEC 11
How are noncurrent liabilities me...,
What is a bond,
What is an indenture
63  cards
FAR SEC 12
What is a lease,
Does the lease standard apply to ...,
What determines the amount and ti...
82  cards
FAR SEC 13
What are the major components of ...,
Where is equity reported,
What is stock authorized
71  cards
FAR SEC 14
What is a business combination,
As it relates to business combina...,
What is a parent
72  cards
FAR SEC 15
What is a derivative basic defini...,
Define call option,
Define put option
101  cards
FAR SEC 16
What was the consequence of the w...,
What is the primary purpose of th...,
What is the basic format of the s...
25  cards
FAR SEC 17
What is the gasb hierarchy 2 elem...,
What is the reporting entity 3 el...,
How does the term primary governm...
128  cards
FAR SEC 18
How is revenue recognition for a ...,
What are the four categories of n...,
What are derived tax revenues 3 e...
82  cards
FAR SEC 19
What do governmental funds emphasize,
For governmental funds how is the...,
How does the current financial re...
120  cards
FAR SEC 20
What are nfps,
What are three characteristics of...,
What are 8 examples of nfps
94  cards

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!OLD FAR EXAM!

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