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Becky Marte
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Decks in this class (32)
Revenue recognition
Criteria to for when a contract e...,
What is commercial substance 2,
What is a distinct good 3
14
cards
Impairment
Indicators of impairment 1,
Assets which require annual impai...,
Cgu 3
10
cards
General
Balance sheet 1
1
cards
Inventory
Merch inventory 1,
Manufacturing inventory 2,
Conversion costs 3
11
cards
PPE
Recognized as ppe if 1,
Costs that can be capitalized 2,
Componentization 3
16
cards
cash & receivables
Cash equivalents 1,
Ar under ifrs 2,
Ifrs handbook 3
9
cards
Passive investments
Purpose 1,
When to recognize 2,
Initial measurement 3
15
cards
Related party trans
Carrying amount method 1,
Exchange amount method 2,
Non monetary transactions 3
7
cards
Government grants
Grants related to income 1,
Grants related to assets 2,
Government loans 3
3
cards
Lease
Ifrs criteria to record a lease l...,
How to record a lease lesse 2,
Subsequent measurement for lesse 3
15
cards
Non Monetary
Do not use fv for non monetary if...,
If both assets have reliable fv u...,
Aspe ifrs handbook 3
6
cards
Assets HFS & Discontinued Segments
To be classified as hfs asset 1,
Measurement of hfs asset 2,
If fair value goes up after recor...
10
cards
Goodwill & Intangibles
Ifrs handbook 1,
Types of intangibles 2,
Criteria to be an intangible asset 3
16
cards
Contingencies
Criteria to record a contingent p...,
If the provision is probable but ...,
If the provision is possible 3
6
cards
Foreign Currency Transactions
Functional currency 1,
Spot rate 2,
Revenue and expense transaction 3
8
cards
Decommissioning Provision
Ifrs vs aspe 1,
Criteria to record liability on bs 2,
Initial measurement 3
5
cards
Income taxes
Income not subject to taxes 1,
Permanent difference items 2,
Deferred taxes 3
19
cards
Investments in associates
Aspe and ifrs handbook 1,
Equity method when to use ifrs 2,
Joint control 3
16
cards
Employee Benefits
Two types of retirement plans 1,
Short term benefits 2,
Defined contribution plan 3
15
cards
Share based payment
Two share based payments 1,
Share options 2,
Vesting period 3
9
cards
Hedge accounting
Hedge accounting required or no 1,
Hedged item 2,
Eligible hedged items 3
7
cards
MD & A
M d a 1,
Objectives of m d a 2,
What is included in md and a repo...
3
cards
Changes in accounting
3 types of changes 1,
Change in estimates 2,
Change in policy 3
4
cards
EPS
Who must disclose eps 1,
Basic eps 2,
Net earnings available to common ...
13
cards
Events after reporting period
If not material 1,
If material 2,
Adjusting 3
5
cards
Business Combinations - Date of acquistion
Two types of business combinations 1,
Purchase net assets 2,
Purchase shares 3
17
cards
Business combinations - after acquistion
Fair value differentials 1,
Intercompany transactions 2,
Consolidated i s 3
5
cards
Joint arrangements
Two types 1,
Joint operations 2,
Joint venture 3
9
cards
Foreign operations
To determine functional currency 1,
2 types of foreign operations 2,
Integrated operations 3
11
cards
Stmt of cash flows
3 sections 1,
Operating methods 2,
Direct method 3
11
cards
Not for profit
Statement of financial position bs 1,
Statement of operations 2,
Statement of fund balance 3
12
cards
Public sector
Users 1,
F s show 2
2
cards
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Financial Reporting
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