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bibby b
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Decks in this class (31)
1-1 General-Purpose Financial Reporting
Financial accounting,
External financial statement users,
Financial reporting
12
cards
1-1 Objective Demos
Identify if the statement aligns ...,
Identify if the statement aligns ...,
Identify if the statement aligns ...
13
cards
1-2 Key Organizations That Determine GAAP
Gaap,
Who are the drivers of gaap,
Generally accepted
38
cards
1-2 Objective Demos
Which organization relates to the...,
Which organization relates to the...,
Which organization relates to the...
20
cards
1-3 Qualitative Characteristics and Constraints of Financial Information
Conceptual framework,
What is the most recent attempt t...,
What are the limitations of the c...
23
cards
1-3 Objective Demos
Identify one of the six fundament...,
Identify one of the six fundament...,
Identify one of the six fundament...
25
cards
1-4 Conceptual Framework
Point in time elements,
Period of time elements,
Asset
12
cards
1-4 Objective Demos
Income tax payable,
Interest recievable,
Sales revenue
10
cards
1-5 Four Accounting Assumptions
What are the four underlying assu...,
Are the four underlying assumptio...,
Economic entity assumption
7
cards
1-5 Objective Demos
Identify one of the four fundamen...,
Identify one of the four fundamen...,
Identify one of the four fundamen...
8
cards
1-6 Accounting Principles
What are the four accounting prin...,
Measurement principle,
Historical cost
26
cards
1-6 Objective Demos
Fair value hierarchy,
Identify one of the four accounti...,
Identify one of the four accounti...
9
cards
2-1 Accounting Equation
What begins the accounting process,
Accounting equation,
What does the accounting equation...
14
cards
2-1 Objective Demos
Identify the impact of the follow...,
Identify the impact of the follow...,
Identify the impact of the follow...
14
cards
2-2 Transactions
Accounting information system,
Ledger,
Chart of accounts
32
cards
2-2 Objective Demos
Identify the account type whether...,
Identify the account type whether...,
Identify the account type whether...
10
cards
2-3 Prepare Unadjusted Trial Balance
Unadjusted trial blance,
What is step 4 of the accounting ...,
When is an unadjusted trial balan...
5
cards
2-4 Post Adjusting Journal Entries
What are some examples of of chan...,
Accrual basis accounting required...,
What is the 5th step of the accou...
30
cards
2-4 Objective Demos
Identify the overstatement unders...,
Identify the overstatement unders...,
Identify the overstatement unders...
4
cards
2-5 Adjusted Trial Balance
Adjusted trial balance,
What is step 6 of the accounting ...
2
cards
2-6 Financial Statements
What is step 7 of the accounting ...,
What is the order in which financ...,
Income statement
7
cards
2-7 Post Closing Entries
Closing entries,
Temporary accounts,
Permanent accounts
11
cards
2-8 Cash to Accrual
What basis of accounting is requi...,
Accrual basis,
Cash basis
5
cards
2-9 Reversing Journal Entries
Reversing journal entries,
Are reversing entries required,
When are reversing journal entrie...
4
cards
3-1 Income Statements
Income statement,
What is the primary source of inf...,
What are other names of the incom...
29
cards
3-2 Unusual/Infrequent Items
What does the quality of earnings...,
Permanent accounts,
Transitory accounts
10
cards
3-3 Discontinued Operations
How do you distinguish between th...,
How is a disposal classified as d...,
Elimination of a business component
13
cards
3-4 Earnings Per Share
Earnings per share eps,
Earnings per share equation,
Why must net income be reduced by...
7
cards
3-5 Other Comprehensive Income
Comprehensive income,
Comprehensive income equation,
Other comprehensive income oci
7
cards
4-1 Classifications on the Balance Sheet
Balance sheet,
Assets,
Liabilities
54
cards
Chapter 9 Lecture Notes
Advantages of fifo,
Disadvantages of fifo,
Fifo perpetual and periodic will ...
19
cards
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ACCT 327
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