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Mary Thomas
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Decks in this class (36)
Bonds Debt Restructure
What is a serial bond 1,
What is a term bond 2,
What is a debenture bond 3
23
cards
Consolidations
When is the fair value method use...,
When is the equity method used wh...,
When are companies required to fi...
14
cards
Current Assets & Liabilities
What is a current asset 1,
What is a current liability 2,
How is the quick ratio calculated 3
11
cards
Deferred Taxes
What is a deferred tax asset 1,
What is a deferred tax liability 2,
Which period s tax rate is used t...
12
cards
Fixed Assets
How are research and development ...,
Which expenditures are included i...,
Which expenditures are included i...
15
cards
FAR 29 - Governmental Accounting
What are the three major types of...,
Which two accounting bases are us...,
What is a budget appropriation en...
31
cards
IFRS
Which organization s standards ar...,
Where is the first place manageme...,
Which framework helps to develop ...
44
cards
FAR 7 - INVENTORY
Which costs are inventoriable 1,
When does ownership of goods tran...,
When does ownership transfer when...
27
cards
Investments
How are available for sale securi...,
How are available for sale securi...,
How are unrealized g l for availa...
7
cards
FAR 30 - NFP Accounting
Which financial statements are re...,
What are the major classification...,
What are the major classification...
24
cards
FAR 28 - Partnership Accounting
How are capital contributions wit...,
At what value should assets contr...,
Allocation of equity operation of...
8
cards
FAR 24 - Personal Financial Statements
Which personal financial statemen...,
How are assets and liabilities va...,
How are estimated taxes that woul...
11
cards
FAR 25 - STATEMENT OF CASH FLOW
What items are included in operat...,
What items are included in invest...,
What items are included in financ...
10
cards
FAR-26 RATIOS
Six ratios regularly tested 1,
Working capital 2,
Current ratio 3
8
cards
FAR 27 - Inflation Accounting
Monetary 1,
Non monetary 2,
If inflation monetary asset 3
5
cards
FAR 22 - Installment Sales & Cost Recovery Method
What are three methods of recogni...,
Accrual method 2,
Installment sales approach 3
7
cards
FAR 23 - Long Term Contracts
What are the two methods to accou...,
Percentage of completion entries 4 2,
Percentage of completion 3
6
cards
FAR 1 - Conceptual Framework & IFRS
What are the two general purpose ...,
What is a special purpose frame w...,
What are the objectives of financ...
20
cards
FAR 2 - Cash & Cash Equivalents & Balance Sheet
Cash equivalent 1,
Cash cash equivalent examples 2,
What are some items excluded from...
10
cards
FAR 3 - Cost & Equity Method
Equity method 20 50 key points 1,
Cost method 0 20 key points 2,
Changes in ownership percentages 3
6
cards
FAR 4 - Marketable Securities
Trading securities hft 1,
Available for sale afs 2,
Held to maturity htm 3
10
cards
FAR 5 - Financial Instruments & Derivatives
Financial instruments inlude c o d 1,
What are the three reasons entiti...,
What are the three characteristic...
7
cards
FAR 6 - Foreign Operations
What are the four ways an entity ...,
Transactional currency 2,
Translation of financial statemen...
8
cards
FAR 8 - PP&E
Cost of land includes 1,
Asset retirement obligation aro 2,
Accretion expense 3
18
cards
FAR 11 - BONDS & PRESENT VALUE TABLES
Bond j e at issuance 1,
Bond terms record vs report 2,
Discount amortization 3
17
cards
FAR - 12 LEASES
What are the four criterias to be...,
What are the four elements of min...,
To pv the minimum lease payments ...
11
cards
FAR - 14 PENSIONS
Vested benefit obligation 1,
Accumulated benefit obligation 2,
Projected benefit obligation 3
17
cards
FAR 9 - INTANGIBLES & GOODWILL
When is revenue recognized on fra...,
Under ifrs in order to be conside...,
Ifrs revaluation method accountin...
9
cards
FAR 10 - RECEIVABLES
A r net realizable value nrv 1,
What are the three ways of calcul...,
I s approach of credit sales meth...
12
cards
FAR 13 - LIABILITIES
Current liabilities how is it val...,
Accounts payables how are discoun...,
Warranty costs how to book 3
15
cards
FAR - 15 STOCKHOLDER'S EQUITY
Tresury stock 1,
Treasury stock par value method 2,
Stock rights vs stock options vs ...
21
cards
FAR 16 - EPS
Earnings per share 1,
Earnings per share 2
2
cards
FAR 17 - REPORTING THE RESULTS OF OPERATIONS & IFRS FINANCIAL STATEMENTS
Multiple step i s on tide n oc 1,
Cogs 2,
Discontinued operations 3
10
cards
FAR 18 - ACCOUNTING CHANGES & ERROR CORRECTION
What are the three types of accou...,
Change in accounting principle 2,
Change in accounting estimate 3
7
cards
FAR 21 - SEGMENT REPORTING
What method is used in segment re...,
Reportable segment 10 2,
Three test for report segments 3
4
cards
FAR 20 - Interim Financial Statements (10Q)
Interim fs how are property taxes...,
Interim fs how are inventory loss...,
Interim fs how are major expenses...
5
cards
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CPA FAR
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