FAR 6 - Leases, Derivatives, Foreign Currency Accounting, and Income Taxes Flashcards

Decks in this Class (7):

• M1 Operating Leases

  M1 - Operating Leases

  Sample Cards:

  when should a lessor recognize in income,

  a lessor grants the lessee 12 months ...,

  leasehold improvements should be amor...
  8 Cards
  Preview Flashcards
• M3 Sale Leaseback

  M3 - Sale - Leaseback

  Sample Cards:

  any profit or loss on a sale lease ba...
  1 Cards
  Preview Flashcards
• M2 Capital Leases

  M2 - Capital Leases

  Sample Cards:

  what is the formula to calculate pv o...,

  guaranteed residual value is in effec...,

  the lesser of the lessees incremental...
  16 Cards
  Preview Flashcards
• M4 Derivatives And Hedge Accounting

  M4 - Derivatives and Hedge Accounting

  Sample Cards:

  a gain or loss from a forward exchang...,

  true or false gains or losses on hedg...,

  you will use the spot rate if there a...
  13 Cards
  Preview Flashcards
• M5 Foreign Currency Accounting

  M5 - Foreign Currency Accounting

  Sample Cards:

  in preparing consolidated financial s...,

  true or false the functional currency of,

  cumulative foreign exchange translati...
  11 Cards
  Preview Flashcards
• M6 Income Taxes Part 1

  M6 - Income Taxes: Part 1

  Sample Cards:

  under gaap which approach is used to ...,

  journal entry for deferred tax liability,

  justification for the method of deter...
  14 Cards
  Preview Flashcards
• M7 Income Taxes Part 2

  M7 - Income Taxes: Part 2

  Sample Cards:

  for interim financial reporting a com...,

  true or false interim period tax expense,

  under us gaap deferred tax liabilitie...
  6 Cards
  Preview Flashcards