This class was created by Brainscape user Ryan Shaw. Visit their profile to learn more about the creator.
By:
Ryan Shaw
- decks
- flashcards
- learners
Decks in this class (27)
Financial 2 - Notes to Financial Statements
Capture the heavily questioned topics in my own words
8
cards
Financial 2 - Going Concern
Capture the heavily questioned topics in my own words
6
cards
Financial 2 - Subsequent Events
Footnote disclosure required subs...,
Determining period to evaluate th...,
Subsequent event impact to the ba...
4
cards
Financial 2 - Fair Value Measurements
Fair value basics,
Fair value inputs,
No principal market
6
cards
Financial 2 - Segment Reporting
Criteria for reportable segments,
Calculating operating profit income,
Required enterprise wide reportab...
5
cards
Financial 2 - SEC Reporting Requirements
Preparing interim financial state...,
Entitys annual financial statemen...,
Specific form criteria
5
cards
Financial 2 - Special Purpose Frameworks
Understanding cash basis vs accru...,
Operating expenses,
Income tax basis financial statem...
6
cards
Financial 2 - Partnerships
Treatment of assets and liabiliti...,
Capital ratios vs profit and loss...,
Goodwill method
4
cards
Financial 3 - Cash and Cash Equivalents
Cash definition and examples,
Treatment of overdraft negative b...,
Reconciling the bank balance
3
cards
Financial 3 - Trade Receivables
Allowance for uncollectible accou...,
Estimating bad debts,
Net proceeds at a discount formula
9
cards
Financial 3 - Inventory
Fob destination vs fob shipping,
Lifo vs fifo,
Moving average method
8
cards
Financial 3 PP&E : Cost Basis
Capitalization rules,
Component method use,
Incurring interest
6
cards
Financial 3 - Nonmonetary Transactions
Exchanges lacking commercial subs...,
Commercial substance criteria,
Exchanges with commercial substance
5
cards
Financial 4 - Financial Instruments
Bonds market value causes and eff...,
Purchasing a bond,
Gain or loss on marketable debt s...
7
cards
Financial 4 - Equity Method
What is significant influence,
When does a company report invest...,
Recording stock dividends
3
cards
Financial 4 - Basic Consolidation Concepts
Criteria for consolidating financ...,
Parent subsidiary relationship,
Consolidation accounting application
4
cards
Financial 4 - Acquisition Method
Issuing shares under the acquisit...,
Acquisition cost price related to...,
Business combination reporting rules
3
cards
Financial 4 - Intercompany Transactions
Consolidated dividends,
Intercompany revenues receivables...,
Theory of presenting one economic...
3
cards
Financial 4 - Consolidated FS F
General consolidation notes,
Asset consolidation
2
cards
Financial 4 - Goodwill, including Impairment
Goodwill impairment calculation,
Goodwill impairment testing under...
2
cards
Financial 5 - Payables and Accrued Liabilities
Recognizing a liability under cer...,
Adjustments to liabilities on the...,
Sales revenue calculation
6
cards
Financial 5 - Contingencies and Commitments
0
cards
Financial 5 - BONDS
Stated interest vs effective inte...,
Bond types,
Bond valuation at issuance
5
cards
Financial 5 - Long Term Liabilities
Normal present value,
How does long term debt mature,
Proper valuation of long term debt
6
cards
Financial 5 - Troubled Debt Restructuring
Gains and losses on bond retirements,
Formula to find gain and loss on ...,
Formula to find gain or loss on d...
6
cards
Financial 6 - Leases
Criteria for a finance lease,
Sales leaseback transaction,
Lease receivable computation
5
cards
Financial 6 - Derivatives and Hedge Accounting
Foreign exchange contracts with s...
1
cards
More about
CPA
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Ryan Shaw's CPA flashcards for their Elon University 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....
