CPA FAR Flashcards

Decks in this Class (24):

• Standards And Frameworks

  Standards and Frameworks

  Sample Cards:

  authoritative literature,

  sec standards,

  private company council pcc
  42 Cards
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• Income Statement

  Income Statement

  Sample Cards:

  unexpired costs,

  use of income statement,

  gross concept
  67 Cards
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• Comprehensive Income

  Comprehensive Income

  Sample Cards:

  comprehensive income,

  comprehensive income,

  pension adjustments
  17 Cards
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• Balance Sheet Disclosures

  Balance Sheet & Disclosures

  Sample Cards:

  contributed capital,

  earned capital,

  contra equity accounts
  24 Cards
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• Interim Financial Reporting

  Interim Financial Reporting

  Sample Cards:

  interim financial reporting,

  matching of revenues expenses,

  timeliness over reliability
  9 Cards
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• Segment Reporting

  Segment Reporting

  Sample Cards:

  segment reporting,

  segment liabilities disclosure requireme,

  required disclosures for public entrpris
  18 Cards
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• Sec Reporting

  SEC Reporting

  Sample Cards:

  registration statements,

  form 10 k,

  large accelerated filer
  34 Cards
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• Timing Issues Matching Correcting Adjust

  Timing Issues: Matching, Correcting, Adjusting

  Sample Cards:

  revenue recognition us gaap,

  date revenue recognized for products,

  revenue recognition ifrs
  95 Cards
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• Financial Reporting Changing Prices

  Financial Reporting & Changing Prices

  Sample Cards:

  historic cost,

  current cost,

  nominal dollars
  24 Cards
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• Foreign Currency

  Foreign Currency

  Sample Cards:

  foreign currency transaction,

  foreign currency translation,

  exchange rate
  23 Cards
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• Intercompany Transactions

  Intercompany Transactions

  Sample Cards:

  intercompany transactions,

  intercompany inventory merchandise,

  intercompany profit
  6 Cards
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• Lt Contstruction Contracts

  LT Contstruction Contracts

  Sample Cards:

  completed contract cc method,

  substantial completion,

  b s presentation cc method
  24 Cards
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• Installment Sales

  Installment Sales

  Sample Cards:

  installment sales method,

  gross profit age is method,

  earned gross profit is method
  10 Cards
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• Nonmonetary Exchanges

  Nonmonetary Exchanges

  Sample Cards:

  commercial substance,

  lack commercial substance,

  fair value approach
  11 Cards
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• Other F S Presentations

  Other F/S Presentations

  Sample Cards:

  ocboa,

  ocboa presentation guidelines,

  ocboa disclosures
  10 Cards
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• Marketable Securities

  Marketable Securities

  Sample Cards:

  equity securities,

  trading securities,

  available for sale securities
  19 Cards
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• Combinations Consolidations

  Combinations/Consolidations

  Sample Cards:

  limitations,

  criteria gaap vs ifrs,

  consolidation gaap vs ifrs
  7 Cards
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• Cost Method

  Cost Method

  Sample Cards:

  cost method,

  investment in investee,

  liquidating dividend return of capital
  7 Cards
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• Equity Method Joint Ventures

  Equity Method/Joint Ventures

  Sample Cards:

  equity method,

  significant influence,

  record at cost
  15 Cards
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• Acquisition Method

  Acquisition Method

  Sample Cards:

  main principles,

  recognition principle,

  measurement principle
  24 Cards
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• Combined F S Push Down Accounting

  Combined F/S & Push Down Accounting

  Sample Cards:

  combined f s,

  intercompany transactions combined f s,

  non controlling interests combined f s
  10 Cards
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• Intercompany Transactions

  Intercompany Transactions

  Sample Cards:

  intercompany transactions,

  not consolidated,

  intercompany inventory
  11 Cards
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• Inventories

  Inventories

  Sample Cards:

  lifo reserve,

  periodic method disadvantage,

  permitted methods under ifrs
  3 Cards
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• Governmental Accounting

  Governmental Accounting

  Sample Cards:

  budgetary accounting,

  activity,

  encumbrance
  8 Cards
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