FAR 1- Accounting concepts

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

Decks in this class (22)

Accounting Concepts
How is gain or loss from disposin...
1  cards
Reporting
How are increase in production co...
1  cards
Prior Period Adjustment Question
1 what are changes in depreciable...
1  cards
Change In Depreciation
What happens when a firm changes ...
1  cards
Error Correction
1 how are errors corrected in com...
1  cards
Understatement Of Inventory
How do an understatement of inven...
1  cards
Tax Impact On PPA
How does the tax impact affect ppa 1
1  cards
Cumulative Effect Of A Change In Accounting Principle
What is cumulative effect of a ch...
1  cards
Temporary Declines In Inventory
How are temporary decline in inve...
1  cards
Effective Income Tax Rate
How is effective income tax rate ...
1  cards
Change From Fifo To Lifo
What is a change from fifo to lifo 1
1  cards
Permanent Decline In Inventort
How are permanent inventory decli...
1  cards
Extraordinary Item
How is a cumulative effect type a...,
How is the amount gain or loss fr...
2  cards
Development Stage Deficit
How are deficit accumulated durin...
1  cards
Development Stage Enterprise
How do financial reporting for a ...
1  cards
Faithful Representation
According to the fasb and iasb co...
1  cards
Foreign Currency
What are foreign currency devalua...
1  cards
Replacent Cost
What is replacement cost 1
1  cards
Current Market Value
What is current market value 1
1  cards
IFRS
What is the minimum reporting req...
1  cards
Relevance
What is relevance concept 1
1  cards
Comprehensive Income
What is comprehensive income 1
1  cards

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FAR 1- Accounting concepts

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