This class was created by Brainscape user Steven Popovic. Visit their profile to learn more about the creator.
By:
Steven Popovic
- decks
- flashcards
- learners
Decks in this class (9)
A describe the objective of financial statements and the importance of financial reporting standards in security analysis and valuation;
Describe the objective of financial statements and the importance of financial reporting standards in security analysis and valuation.
3
cards
B describe roles and desirable attributes of financial reporting standard-setting bodies and regulatory authorities in establishing and enforcing reporting standards, and describe the role of the International Organization of Securities Commissions;
Describe roles and desirable attributes of financial reporting standard-setting bodies and regulatory authorities in establishing and enforcing reporting standards, and describe the role of the International Organization of Securities Commissions.
9
cards
C describe the status of global convergence of accounting standards and ongoing barriers to developing one universally accepted set of financial reporting standards;
Describe the status of global convergence of accounting standards and ongoing barriers to developing one universally accepted set of financial reporting standards
3
cards
D describe the International Accounting Standards Board’s conceptual framework, including the objective and qualitative characteristics of financial statements, required reporting elements, and constraints and assumptions in preparing financial statements;
Describe the International Accounting Standards Board's conceptual framework, including the objective and qualitative charactertistics of financial statements, required reporting elements, and constraints and assumptions in preparing financial statements.
6
cards
E describe general requirements for financial statements under IFRS;
Describe general requirements for financial statements under IFRS
5
cards
G identify characteristics of a coherent financial reporting framework and the barriers to creating such a framework;
identify characteristics of a coherent financial reporting framework and the barriers to creating such a framework;
4
cards
I analyze company disclosures of significant accounting policies.
Analyze the company discloures of significatn accounting policies.
2
cards
H describe implications for financial analysis of differing financial reporting systems and the importance of monitoring developments in financial reporting standards;
Describe the implications for financial analysis of differing financial reporting systems and the importance of monitoring developments in financial reporting standards
2
cards
f compare key concepts of financial reporting standards under IFRS and U.S. GAAP reporting systems;
Compare key concepts of financial reporting standards under IFRS and U.S. GAAP reporting systems.
3
cards
More about
l1 24 financial reporting standards
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Steven Popovic's L1 24 Financial Reporting Standards flashcards for their CFA Exam L1 class now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Financial Accounting and Reporting (FAR)
- 36 decks
- 650 flashcards
- 24 learners
Decks:
Accounting Changes, Bonds Debt Restructure, Consolidations, And more!
Financial Reporting (FR)
- 22 decks
- 477 flashcards
- 1 learners
Decks:
Introduction To Published Accounts, Tangible Non Current Assets, Intangible Assets, And more!
Financial Protection - R05
- 10 decks
- 266 flashcards
- 512 learners
Decks:
Chapter 1 History Of Financial Protectio, Chapter 2 Protection Needs, Chapter 3 State Benefits, And more!
