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Accounting Course Second Year

This class was created by Brainscape user Prabjot Passi. Visit their profile to learn more about the creator.

By: Prabjot Passi
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Decks in this class (12)

Ch 1: Introduction to Financial Reporting Frameworks
What is the definition of account...,
What is information asymmetry 2,
What is the purpose of accounting...
27  cards
Ch 2: Revenue Recognition
What are the four parts of the cp...,
Does understanding an entity s bu...,
Under ifrs 15 when determining pe...
11  cards
AFM 291 Quiz Questions
Which of the following correctly ...,
Understanding an entity s busines...,
When determining the number of pe...
30  cards
Week 3: Revenue Recognition
When looking at a case that consi...,
In situations where a publicly tr...,
Which statement about contingenci...
6  cards
Week 4: Long Term and Onerous Contracts
How is revenue recognized on a co...,
Do ifrs apply the same guidance f...,
Path pavers signed a contract wit...
7  cards
Week 5: Changes in Estimates, Accounting Polices, Error and Subsequent Events
Under ifrs if there is no present...,
Under aspe when total contract co...,
If revenue was wrongly recognized...
6  cards
Week 6
Under aspe what information is us...,
What does ifrs presume if an inve...,
Why was bombardier s cash classif...
15  cards
Week 7
In the mann ltd investment exampl...,
Under ifrs an investment in equit...,
If a publicly traded entity sells...
5  cards
Week 8
What are the 3 criteria for class...,
What is the aspe definition of pp...,
What costs are capitalized as par...
12  cards
Week 9
What definition is used for marke...,
Once inventory is written down it...,
In a manufacturing setting the sa...
5  cards
Week 10
When can a government grant relat...,
In an abnormally slow production ...,
Can a company apply the fair valu...
5  cards
Week 11
What characteristic differentiate...,
Under both ifrs and aspe 2,
Step 1 of applying ias 40 for inv...
7  cards

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Accounting Course Second Year

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