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

Decks in this class (16)

Cash
Cash equivalents include 1,
Us gaap and ifrs differences 2,
Bank to book 3
5  cards
Accounts Receivable
Gross method 1,
Net method 2,
Entry for cash received within di...
23  cards
Role and standard setting process
Gaap 1,
Financial accounting standards bo...,
Gaap may be described as 3
24  cards
Conceptual Framework of Financial Reporting
Interim financial statements can ...,
What is the conceptual framework ...,
The objectives of financial repor...
15  cards
Fair Value Framework
Fair value 1,
Determination of fair value of a ...,
The determination of fair value m...
18  cards
Balance Sheet
Which financial statement would a...,
Current ratio 2,
Quick ratio 3
6  cards
IASB
How long are the terms for the tr...,
What is iosco 2,
What is the third objective of th...
20  cards
Income Statement
What is gross profit 1,
When should a contingency be accr...,
Cost of goods manufactured 3
16  cards
SEC
Define financial reporting releas...,
What is the mission of the sec 2,
In order to carry out the mandate...
24  cards
Statement of Comprehensive Income
What are the two ways of reportin...,
Does ifrs allow revaluation of pl...,
What are other comprehensive inco...
10  cards
Statement of Cash Flows
Name the four major sections in t...,
Name two formats permitted for th...,
When is a statement of cash flows...
27  cards
Notes to Financials
Concentration of credit risk 1,
Summary of significant accounting...,
Accounting policy footnote 3
14  cards
Inventory
What does inventory for a typical...,
Is fixed overhead one of the four...,
Who is the owner of consigned goo...
22  cards
Asset Retirement and Environment
When does an environmental liabil...,
List the components of asset reti...,
How is the annual accretion expen...
7  cards
Acquisition method of Accounting
For the purpose of applying the a...,
Because debt holders do not have ...,
When a new entity is formed to ef...
3  cards
FAR
Relevance 1,
Faithful representation 2,
Inventory value under ifrs 3
9  cards

More about
FAR

  • Class purpose General learning

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