Financial Accounting and Reporting Flashcards

Decks in this Class (36):

• Financial Reporting Environment

  Financial Reporting Environment

  Sample Cards:

  how does the fasb amend an accounting st,

  what are the 2 qualitative characteristi,

  what are the four accounting pronounceme
  20 Cards
  Preview Flashcards
• Income Statement Items

  Income Statement Items

  Sample Cards:

  what method s can be used to estimate th,

  what would be considered potential commo,

  what document is considered a typical pa
  20 Cards
  Preview Flashcards
• Stay Focused

  STAY FOCUSED

  Sample Cards:

  what are indicators of an investors abil,

  what must an entity disclose when it acc,

  under ifrs what do joint ventures involv
  20 Cards
  Preview Flashcards
• Stay Focused Ii

  STAY Focused II

  Sample Cards:

  where are unrealized gains and losses on,

  how are investments in available for sal,

  how are available for sale marketable se
  20 Cards
  Preview Flashcards
• Focus Some More

  FOCUS some MoRe

  Sample Cards:

  in general what happens to the financial,

  what happens when an investment is hedge,

  where are gains and losses resulting fro
  20 Cards
  Preview Flashcards
• Focus Some More Ii

  FOCUS some MoRe II

  Sample Cards:

  how are derivatives such as forward exch,

  what method of conversion of the financi,

  what method of conversion of the financi
  20 Cards
  Preview Flashcards
• Here We Go Again

  Here We Go AgAiN

  Sample Cards:

  where would any unrealized gains or loss,

  what type of account other than the inve,

  how do you calculate the amortized cost
  20 Cards
  Preview Flashcards
• Inventory

  Inventory

  Sample Cards:

  what is a disadvantage of the periodic i,

  should the consignee record goods held o,

  how is market defined under the lower of
  20 Cards
  Preview Flashcards
• Wooo Ii

  WOOO II

  Sample Cards:

  when would an exchange of non monetary a,

  under what circumstance would an exchang,

  what happens when a transaction lacks co
  20 Cards
  Preview Flashcards
• Intangible Assets

  Intangible Assets

  Sample Cards:

  true or falsecosts incurred to defend a,

  what would be considered research develo,

  how are amortization costs determined fo
  20 Cards
  Preview Flashcards
• Receivables

  Receivables

  Sample Cards:

  what is the journal entry to write off u,

  what affect if any does a write off of a,

  how would the collection of an account t
  20 Cards
  Preview Flashcards
• Bonds

  Bonds

  Sample Cards:

  how would you calculate a gain or loss o,

  what is the interest expense over the te,

  what is a substance defeasance
  20 Cards
  Preview Flashcards
• Leases

  Leases

  Sample Cards:

  true or falsein a sale leaseback transac,

  true or falsea nonrefundable lease bonus,

  does the lessor recognize a gain or loss
  15 Cards
  Preview Flashcards
• Liabilities

  Liabilities

  Sample Cards:

  how does the gross method work for accou,

  when would an entity report a liability,

  under the liquidation basis of accountin
  20 Cards
  Preview Flashcards
• Liabilities Ii

  Liabilities II

  Sample Cards:

  what is the imputed interest rate,

  how is inventory recorded under the net,

  how do you calculate an employers withho
  13 Cards
  Preview Flashcards
• Pensions

  Pensions

  Sample Cards:

  what is the unfunded projected benefit o,

  what disclosures are required of a compa,

  how are prior service costs psc related
  20 Cards
  Preview Flashcards
• Pensions Ii

  Pensions II

  Sample Cards:

  what are your service costs,

  what happens when pbo exceeds the plan a,

  what happens when plan assets exceeds th
  21 Cards
  Preview Flashcards
• Stockholders Equity

  Stockholders' Equity

  Sample Cards:

  true or falsea gain or loss is recognize,

  what happens to additional paid in capit,

  how are the stock dividends of companys
  20 Cards
  Preview Flashcards
• Stockholders Equity Ii

  Stockholders' Equity II

  Sample Cards:

  what happens when dividends are declared,

  how are stock options that have a grant,

  what are dividend distributions that are
  20 Cards
  Preview Flashcards
• Earnings Per Share

  Earnings Per Share

  Sample Cards:

  how do you calculate your weighted avera,

  what is the basic equation to calculate,

  true or falsewhen stock dividends are de
  20 Cards
  Preview Flashcards
• Cost Recovery Method

  Cost Recovery Method

  Sample Cards:

  what method of revenue recognition shoul,

  how would you calculate a companys gross,

  under ifrs what method of accounting is
  20 Cards
  Preview Flashcards
• Reporting The Results Of Operations Ifrs

  Reporting the Results of Operations & IFRS Financial Statements

  Sample Cards:

  what would be an item thats reported on,

  what are some items that would be consid,

  true or falsethe pro forma effects of a
  20 Cards
  Preview Flashcards
• Reporting The Results Of Operations Cont

  Reporting the Results of Operations Continued

  Sample Cards:

  true or falseunearned consulting fees ar,

  what type of transaction would require a,

  what is the form 8 k used for
  20 Cards
  Preview Flashcards
• Accounting Changes Error Corrections

  Accounting Changes & Error Corrections

  Sample Cards:

  what are the effects of a companys decis,

  what is it considered when a company dec,

  true or falsea change in depreciation me
  14 Cards
  Preview Flashcards
• Deferred Tax Liability

  Deferred Tax Liability

  Sample Cards:

  how do you calculate your current provis,

  what would be the journal entry for curr,

  what would be the journal entry for a de
  20 Cards
  Preview Flashcards
• Governmental Accounting

  Governmental Accounting

  Sample Cards:

  how are investments held by endowments i,

  what is the journal entry for when a gov,

  what is considered an expenditure of a g
  21 Cards
  Preview Flashcards
• Governmental Accounting Ii

  Governmental Accounting II

  Sample Cards:

  when is an enterprise fund used,

  what is the debt service fund used for,

  what are the three standard sections of
  20 Cards
  Preview Flashcards
• Governmental Accounting Iii

  Governmental Accounting III

  Sample Cards:

  true or falsegovernment wide financial s,

  how would an unrestricted grant received,

  if there is a debit balance in the budge
  20 Cards
  Preview Flashcards
• Segment Reporting

  Segment Reporting

  Sample Cards:

  what type of entity is required to repor,

  what factors determine whether an identi,

  true or falsegeneral operating expenses
  20 Cards
  Preview Flashcards
• Statement Of Cash Flows

  Statement of Cash Flows

  Sample Cards:

  true or falsethe purchase of a 3 month t,

  under the indirect method for the statem,

  true or falseunder the cash basis of acc
  20 Cards
  Preview Flashcards
• Statement Of Cash Flows Ii

  Statement of Cash Flows II

  Sample Cards:

  what information should be disclosed as,

  how would you calculate ending accrued i,

  when the direct method of preparing a st
  8 Cards
  Preview Flashcards
• Inflation Accounting Financial Statement

  Inflation Accounting & Financial Statement Analysis

  Sample Cards:

  how would you calculate the increase in,

  under current cost accounting the holdin,

  where should a company disclose the effe
  20 Cards
  Preview Flashcards
• Partnerships Business Combinations

  Partnerships & Business Combinations

  Sample Cards:

  under the bonus method,

  how would you calculate your weighted av,

  true or falsedrawings are not considered
  20 Cards
  Preview Flashcards
• Business Combinations Consolidations

  Business Combinations & Consolidations

  Sample Cards:

  the total consideration transferred in a,

  in a business combination accounted for,

  consolidated statements are required whe
  20 Cards
  Preview Flashcards
• Not For Profit Accounting

  Not-For-Profit Accounting

  Sample Cards:

  what financial statements are required f,

  what is the purpose of a statement of fi,

  scenario nongovernmental not for profit
  20 Cards
  Preview Flashcards
• Not For Profit Accounting Ii

  Not-For-Profit Accounting II

  Sample Cards:

  what type s of not for profit organizati,

  which financial statement of a nongovern,

  true or falsecontributions received by a
  9 Cards
  Preview Flashcards