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

Decks in this class (25)

Debits/Credits
Accounts receivable 0,
Accounts payable 1,
Accumulated depreciation 2
42  cards
Bond 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...
31  cards
Current Assets and 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 temporary difference re...,
What is a deferred tax asset 2,
What is a deferred tax liability 3
8  cards
Derivatives Hedging Translations
How are derivatives recorded 1,
How are unrealized gains losses o...,
How are gains and losses on avail...
12  cards
Financial Reporting
What is the primary objective of ...,
What is the most authoritative se...,
What are the 2 levels of authorit...
56  cards
Financial Statements
Which personal financial statemen...,
How are assets and liabilities va...,
How are estimated taxes that woul...
24  cards
Fixed Assets
How are research and development ...,
Which expenditures are included i...,
Which expenditures are included i...
15  cards
Governmental Accounting
What are the three major types of...,
Which two accounting bases are us...,
What is a budget appropriation 3
54  cards
IFRS
Which organization s standards ar...,
Where is the first place manageme...,
Which framework helps to develop ...
44  cards
Inventory
Which costs are inventoriable 1,
When does ownership of goods tran...,
When does ownership transfer when...
29  cards
Investments
How are available for sale securi...,
How are available for sale securi...,
How are unrealized g l for availa...
7  cards
Leases
How is a capital lease recorded 1,
What footnote disclosures are req...,
What are the requirements for a c...
10  cards
NFP Accounting
Which financial statements are re...,
What are the major classification...,
What are the major classification...
35  cards
Partnership Accounting
How are capital contributions wit...,
If no goodwill is recorded upon a...,
If goodwill is recorded upon admi...
4  cards
Shareholders Equity
When common stock and preferred s...,
When is apic recorded on a stock ...,
To what extent is retained earnin...
38  cards
General Knowledge
What is the three month rule for ...,
Bad debts direct write off method 2,
Income statement approach 3
51  cards
GAAP VS IFRS
Gaap acceptable inventory methods 1,
Ifrs acceptable inventory methods 2,
Describe write downs and write up...
22  cards
Conceptual Framework & IFRS
Historical cost 1,
Replacement cost 2,
Fmv fair market value 3
22  cards
Foreign Policy
What are the 2 situations where a...,
What is the difference between a ...,
Where on the financial statements...
24  cards
Inventory 2.1
What should inventory be valued at 1,
What is included in cost of inven...,
When does title transfer for fob ...
30  cards
Property, Plant, and Equipment (PP&E)
What costs are included in acquis...,
What various costs are included i...,
If 2 assets are purchased togethe...
50  cards
Intangible Assets
Define intangible asset 1,
What are the 3 basic forms of int...,
Are research and development r d ...
23  cards
Receivables
Define accounts receivable 1,
What are receivables valued at on...,
For bad debt is the direct write ...
25  cards

More about
FAR

  • Class purpose General learning

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