FAR Flashcards

Decks in this Class (34):

• Far

  FAR

  Sample Cards:

  in transactions with commercial substanc,

  in transactions lacking commercial subst,

  in transactions with commercial substanc
  44 Cards
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• Far Government

  FAR-Government

  Sample Cards:

  what are the five major sections of a go,

  in governmental accounting what is the a,

  what two statements are presented in gov
  66 Cards
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• Far Non Profit

  FAR-Non Profit

  Sample Cards:

  how many groups are covered by nonprofit,

  what are the three basic financial state,

  what is the formula for the nonprofit st
  27 Cards
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• Far Cash Flow Statement

  FAR-Cash Flow Statement

  Sample Cards:

  give a summary of what goes into the ope,

  give a summary of what goes into the inv,

  give a summary of what goes into the fin
  18 Cards
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• Far Leases

  FAR-Leases

  Sample Cards:

  how are lease liabilities recognized and,

  at what rate or discount does the lessor,

  with a direct financing lease what is eq
  47 Cards
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• Far Deferred Taxes

  FAR-Deferred Taxes

  Sample Cards:

  what two items make up the provision for,

  how are deferred taxes calculated,

  what is the deferred tax asset valuation
  22 Cards
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• Far Pp E

  FAR-PP&E

  Sample Cards:

  in transactions with commercial substanc,

  in transactions lacking commercial subst,

  in transactions with commercial substanc
  26 Cards
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• Far Long Term Contracts

  FAR-Long Term Contracts

  Sample Cards:

  what kind of an asset is the cip constru,

  what is created when cip is greater than,

  what is created when cip is less than bi
  17 Cards
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• Far Stockholder S Equity

  FAR-Stockholder's Equity

  Sample Cards:

  what is the accounting treatment for a p,

  how is compensation expenses from stock,

  what is the accounting treatment for a p
  25 Cards
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• Far Error Corrections

  FAR-Error Corrections

  Sample Cards:

  what is the treatment when it is impossi,

  which disclosures should prospective fin,

  for which type of material related party
  3 Cards
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• Far Installment Sales Method

  FAR-Installment Sales Method

  Sample Cards:

  when is the installment sales method use,

  what are the two formulas for the instal,

  under the installment sales method how i
  7 Cards
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• Far Segment Reporting

  FAR-Segment Reporting

  Sample Cards:

  how many tests must be performed to dete,

  in addition to the three tests for segme,

  how large does a segment have to be for
  17 Cards
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• Far Bonds And Fair Value

  FAR-Bonds and Fair Value

  Sample Cards:

  what is a debenture bond,

  what is a serial bond,

  what is a bond sinking fund
  29 Cards
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• Far Financial Instruments Derivatives

  FAR-Financial Instruments & Derivatives

  Sample Cards:

  what is a put option,

  what is a call option,

  financial instruments include these thre
  14 Cards
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• Far Foreign Operations

  FAR-Foreign Operations

  Sample Cards:

  when do translation adjustments occur,

  translation adjustments hit this stateme,

  when do fx remeasurements occur
  19 Cards
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• Far Pensions

  FAR-Pensions

  Sample Cards:

  journal entry to set up a defined contri,

  what is a defined contribution,

  what is a defined benefit
  36 Cards
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• Far Inventory

  FAR-Inventory

  Sample Cards:

  is the moving average method on a period,

  when is cogs determined under the weight,

  what are the three elements evaluated wh
  17 Cards
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• Far Business Combinations And Consolidat

  FAR-Business Combinations and Consolidations

  Sample Cards:

  when should an investment in an entity b,

  in what case would the equity method be,

  which investees receivables appears on a
  6 Cards
  Preview Flashcards
• Far Pension Foundations

  FAR-Pension Foundations

  Sample Cards:

  plus or negative how do pension activiti,

  when is a net obligation created and how,

  when is a net asset created and how is i
  13 Cards
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• Journal Entries

  Journal Entries

  Sample Cards:

  when stock is exchanged for an asset in,

  how are property dividends recorded,

  how is a liquidating dividend recorded
  47 Cards
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• Ifrs

  IFRS

  Sample Cards:

  under ifrs how are the two part of compo,

  under ifrs where is interest paid appear,

  under ifrs where are the receipt of inte
  43 Cards
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• Conceptual Framework

  Conceptual Framework

  Sample Cards:

  what are the qualitative characteristics,

  what are the fundamental qualitative cha,

  what are the fundamental qualitative cha
  8 Cards
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• Far Mnemonics

  FAR-Mnemonics

  Sample Cards:

  what is the acronym for the parts of the,

  what goes into other comprehensive incom,

  what are the three valuation techniques
  10 Cards
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• Interim Financial Statements

  Interim Financial Statements

  Sample Cards:

  what types of transactions are allocated,

  what types of transactions are not alloc,

  how are period losses treated that are e
  3 Cards
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• Far Government Jes

  FAR-Government JEs

  Sample Cards:

  with the modified accrual method what is,

  with modified accrual what is the journa,

  what is the journal entry to create an e
  11 Cards
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• Far Non Profit Jes

  FAR-Non Profit JEs

  Sample Cards:

  when an unrestricted gift is received wh,

  when a temporarily restricted gift is re,

  when the temporarily restricted asset is
  9 Cards
  Preview Flashcards
• Far Receivables And Liabilities

  FAR-Receivables and Liabilities

  Sample Cards:

  with contingent liabilities what is the,

  what are the rules for the disclosure of,

  what interest rate is used to find the a
  11 Cards
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• Far Formulas

  FAR-Formulas

  Sample Cards:

  what is the formula for inventory turnov,

  what is the formula for gross margin,

  what is the formula for working capital
  11 Cards
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• Far 11 Bonds And Present Value Tables Pr

  FAR 11_Bonds and Present Value Tables Problem Areas

  Sample Cards:

  bonds between the market value and book,

  bonds what are the key characteristics o,

  bonds what are the key characteristics o
  16 Cards
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• Partenerships

  Partenerships

  Sample Cards:

  how are assets valued,

  how are liabilites valued,

  how is contributed capital affected by n
  8 Cards
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• Lease Tbs Review

  Lease TBS Review

  Sample Cards:

  when the pv of a lease the pv factor and,

  what are the different ways to calculate,

  what are the different ways to calculate
  7 Cards
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• Government Tbs Review

  Government TBS Review

  Sample Cards:

  if a general fund pays for staff to go t,

  with operating transfers how is the inte,

  with operating transfers how is the inte
  19 Cards
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• Pv Factor Review

  PV Factor Review

  Sample Cards:

  the formula for converting an ordinary a,

  the formula for converting an annuity du,

  when converting from an ordinary annuity
  5 Cards
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• Non Profit Govt Financial Statements Rev

  Non-Profit Govt Financial Statements Review

  Sample Cards:

  what are the statements used by non for,

  what are the three basic financial state,

  what two statements are presented in gov
  7 Cards
  Preview Flashcards