1
Q
physical capital maintenance concept
A
Only record hen asset is sold or liability is settled
2
Q
Financial Maintenance concept
A
Recognize an asset as change in value occurs
3
Q
Asc 820-Fair Value of assets
A
Trading Securites, AFS,Impairment losses of fixed assets, pension plans, All derivatives are always reported at fair value
4
Q
Items do not quality for fair value
A
Pension plans, Post retirement and post employment.
Financial instrument that are component of equity
Leases
Share based payments and stock options
FAR My Flashcards
flashcards
Decks in class (38)
# Cards
-
Chapter 1 Conceptual framework and IFRS51
-
Chapter 2-Revenue Recognition and matching principles22
-
Construction Accounting4
-
Accounting for non-monetary4
-
Foreign currency23
-
Other Financial Statement presentations1
-
Marketable Securities and Business Combinations32
-
Bonds9
-
conceptual 24
-
Inventories12
-
Fixed Assets29
-
Intangibles18
-
Accounts receivables7
-
Bonds7
-
Leases17
-
Liablities7
-
Pensions8
-
shareholders equity21
-
EPS6
-
Reporting the results of operations1
-
Deffered Income taxes14
-
Accounting changes and error corrections6
-
Interim financial reporting6
-
Segment reporting4
-
Installment sales5
-
construction contracts6
-
cash flows11
-
Inflation accounting3
-
partnership4
-
Government Accouting74
-
Not for profit Accounting11
-
Consolidations9
-
Financial Instruments and Derivatives1
-
Cost and equity method5
-
marketable securities2
-
troubled debt restructuring1
-
flash notes4
-
IFRS9
