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Decks in this class (38)
Chapter 17 - ASPE Revenue Recognition
What are the three criteria for r...,
What does performance is achieved...,
What are the two main shipping te...
22
cards
Chapter 18 - IFRS Revenue Recognition
How does ifrs 15 define revenue 1,
How does ifrs 15 define income 2,
What is the relationship between ...
34
cards
Chapter 29 - PPE
Applicable standards 1,
Definition of pp e 2,
Pp e vs other assets 3
27
cards
Chapter 26 - Inventory
What are the three main types of ...,
What items are not included as in...,
How are non inventory items class...
40
cards
Chapter 31 - Impairment of Assets
When is an asset considered impai...,
What is the purpose of ias 36 2,
What is the recoverable amount 3
29
cards
Chapter 36 - Liabilities
Definition of a liability recogni...,
Current liabilities definition 2,
Current liabilities criteria 3
43
cards
Chapter 22 - Accounts Receivable
Accounts receivable 1,
Initial measurement of a r 2,
Recognition of ar 3
21
cards
Chapter 65 - Related Party Transactions
What is a related party transacti...,
What is the purpose of aspe 3840 2,
When are parties considered relat...
19
cards
Chapter 49 - Lessee Accounting
What is a lease under ifrs 16 1,
How does ifrs 16 treat leases in ...,
What two types of leases are excl...
35
cards
Chapter 30 - Intangible Assets
What is an intangible asset under...,
Give examples of intangible assets 2,
What three criteria must an asset...
34
cards
Chapter 63 - Foreign Currency Transactions
Foreign currency transaction 1,
Purpose of translation 2,
Functional currency 3
29
cards
Chapter 49 - Investments in Associates (Overview)
What is an associate 1,
What is significant influence 2,
Significant influence vs control ...
20
cards
Chapter 20 - Cash & Cash Equivalents
Which standards apply to cash and...,
What is included in cash 2,
Examples of cash on hand 3
15
cards
Chapter 50 - Investments in Associates (In-Depth)
How are dividends treated under t...,
What increases the investment acc...,
What decreases the investment acc...
50
cards
Chapter 7 - Ethics & Financial Reporting
Why is ethics important in financ...,
Why does financial reporting requ...,
What is the impact of ethical lap...
31
cards
Chapter 16 - Financial Statement Analysis
Purpose of financial statement an...,
Primary financial statements 2,
Users of financial analysis 3
36
cards
Chapter 22 - Accounts Receivable
What are accounts receivable 1,
When is a r initially recognized 2,
How is a r initially measured 3
23
cards
Chapter 23 - Notes Receivable
What are notes receivable 1,
Who are the two parties in a note 2,
What do notes receivable typicall...
20
cards
Chapter 33 - Government Grants
What is a government grant 1,
What forms can government grants ...,
What are the two main types of go...
39
cards
Chapter 27 - Understanding Investments
What is an investment 1,
Parties in an investment 2,
Main categories of investments 3
24
cards
Chapter 28 - Passive Investments in Financial Assets
What are passive investments 1,
What qualifies as a financial ass...,
Which assets are not considered f...
25
cards
Chapter 19 - Revenue - Specific Applications
Long term construction contracts 1,
When are performance obligations ...,
When to use percentage of complet...
32
cards
Chapter 61 - Discontinued Operations
What is a discontinued operation 1,
Criterion major line of business 2,
Criterion major geographic area 3
21
cards
Chapter 32 - Non-Monetary Transactions
Non monetary transactions 1,
Monetary items 2,
Non monetary items 3
35
cards
Chapter 62 - Non Current Assets Held for Sale
Non current asset 1,
Key standard 2,
Classification requirement 1 3
25
cards
Chapter 50 - Lessor Accounting
When is a lease a finance lease 1,
Criterion title transfer 2,
Criterion bpo 3
35
cards
Chapter 69 - Information Tech Part 1
Information technology it 1,
It examples 2,
Role of it 3
25
cards
Chapter 70 - Information Tech Part 2
Organizational responsibility 1,
Consequences of data misuse 2,
Privacy legislation canada 3
25
cards
Chapter 37 - Contingencies
What are the three criteria requi...,
What happens if any provision rec...,
What are the three probability ca...
27
cards
Chapter 38 - Onerous Contracts
What is a contract 1,
What is an onerous contract 2,
Core test for an onerous contract 3
39
cards
Chapter 56 - Investment Property
Investment property 1,
Not investment property 2,
Independence of cash flows 3
32
cards
Chapter 39 - Long Term Financial Liabilities
What defines a long term financia...,
What are bonds 2,
Advantages of issuing bonds 3
24
cards
Chapter 40 - Complex Financial Instruments
What defines a complex financial ...,
What are common types of complex ...,
What components make up convertib...
40
cards
Chapter 34 - Decommissioning Provisions & Costs
What is a decommissioning provisi...,
What are decommissioning costs 2,
When do decommissioning provision...
36
cards
Chapter 46 - Current Income Taxes
How are sole proprietorships taxed 1,
Do partnerships pay tax 2,
How are corporations taxed 3
36
cards
Chapter 47 - Deferred Income Taxes
Interperiod tax allocation 1,
Intraperiod tax allocation 2,
Temporary difference 3
27
cards
Chapter 3 - Accounting Principles, Assumptions, and Concepts
Objective of financial reporting 1,
Who are the primary users of fina...,
Why are financial statements prep...
46
cards
Chapter 4 - Objectives of Financial Reporting
What is the primary objective of ...,
What types of decisions do users ...,
What is meant by general purpose ...
48
cards
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