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Monika J
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Decks in this class (41)
Accounting Changes
How are changes in accounting pri...,
Would a change from completed con...,
Would a change from lifo to fifo ...
10
cards
Bonds Debt Restructure
What is a serial bond 2,
What is a term bond 3,
What is a debenture bond 4
23
cards
Consolidations
When is the fair value method use...,
When is the equity method used wh...,
When are companies required to fi...
7
cards
Current Assets & Liabilities
Q 1,
What is a current asset 2,
What is a current liability 3
12
cards
Deferred Taxes
What is a temporary difference re...,
What is a deferred tax asset 3,
What is a deferred tax liability 4
8
cards
Derivatives Hedging Translation
How are derivatives recorded 2,
How are unrealized gains losses o...,
How are gains and losses on avail...
12
cards
Financial Reporting
What is the primary objective of ...,
What is the most authoritative se...,
What are the 2 levels of authorit...
56
cards
Financial Statements
Which personal financial statemen...,
How are assets and liabilities va...,
How are estimated taxes that woul...
15
cards
Fixed Assets
What expenditures are included in...,
How are research and development ...,
Which expenditures are included i...
15
cards
Governmental Accounting
What is the primary objective of ...,
What are the three major types of...,
Which two accounting bases are us...
25
cards
IFRS
Which organization s standards ar...,
Where is the first place manageme...,
Which framework helps to develop ...
44
cards
Inventory
Which costs are inventoriable 2,
When does ownership of goods tran...,
When does ownership transfer when...
23
cards
Investments
How are trading securities record...,
How are available for sale securi...,
How are held to maturity securiti...
3
cards
Leases
What are the characteristics of a...,
How is a capital lease recorded 3,
What footnote disclosures are req...
10
cards
NFP Accounting
Which financial statements are re...,
What are the major classification...,
What are the major classification...
21
cards
Partnership Accounting
At what value should assets contr...,
How are capital contributions wit...,
If no goodwill is recorded upon a...
4
cards
Statement of Cash Flows
What items are included in operat...,
What items are included in invest...,
What items are included in financ...
5
cards
Stockholders Equity
When common stock and preferred s...,
When is apic recorded on a stock ...,
To what extent is retained earnin...
25
cards
FARE 9 Governmental Accounting
The basic sections of external fi...,
What sections of the external fin...,
The detailed external financial r...
38
cards
FARE 9 Not for profit org
Characteristics of not for profit...,
Industries that use not for profi...,
The basis of accounting 3
48
cards
FARE 10 VIE
Variable interest entities 1,
Primary beneficiary 2,
Consolidation is required even if...
6
cards
FARE 10 Fair value
Fair value 1,
Orderly transaction 2,
Principal market 3
6
cards
FARE 10 Partnerships
Admission of a partner 1,
Formation of a partnership 2,
Creation of a new partnership int...
8
cards
FARE 10 AROs and troubled debt
Asset retirement obligation 1,
Asset retirement cost 2,
Asset retirement cost 3
13
cards
FARE 10 Financial instrument
Types of financial instruments 1,
Fair value option 2,
Fair value disclosures required f...
25
cards
FARE 1 framework
Qualitative characteristics of us...,
Fundamental qualitative character...,
Relevance 3
9
cards
FAR 2 Accounting for non-monetary exchanges
Exchanges of nonmonetary assets b...,
Exchanges having commercial subst...,
Exchanges lacking commercial subs...
6
cards
FARE 1 Income Statement
Reported on income statement 1,
Reported on statement of retained...
2
cards
FAR 2 Timing Issues
Revenue recognition 1,
Multiple element arrangements 2,
Royalty revenue je 3
8
cards
FAR 2 Installment sales
Installment sale gross profit gro...,
Installment sale journal entries 2,
Cost recovery method 3
6
cards
FAR 2 Financial reporting
Historic cost appreciation 1,
Current cost appreciation 2,
Nominal dollars inflation 3
19
cards
FAR 3 Marketable securities
Classification of securities 1,
Trading securities 2,
Available for sale securities 3
14
cards
FAR 3 Consolidation
Degree of control 1,
Cost method journal entries 2,
Equity method journal entries 3
6
cards
FAR 3 Acquisition method
Acquisition method 1,
Application of the acquisition me...,
Consolidating workpaper eliminati...
8
cards
FAR 3 Intercompany transactions
Eliminate 100 of intercompany tra...,
Intercompany merchandise transact...,
Intercompany bond transactions 3
3
cards
FAR 4 Working capital
Bank recon 1,
Accounts receivable 2,
Accounts receivable sales or cash...
14
cards
FAR 4 Inventory
Types of inventory 1,
Goods and materials to be include...,
Valuation of inventory 3
17
cards
FAR 4 Fixed assets
Valuation of fixed assets 1,
Valuation of fixed assets 2,
Capitalization of interest costs 3
16
cards
FAR 5 Present value
Present value of 1 1,
Future value of 1 2,
Present value of an ordinary annu...
6
cards
FAR 5 Leases
Types of leases 1,
Types of leases 2,
Lessee accounting 3
13
cards
FAR 6 Pensions
Accumulated benefit obligations c...,
Projected benefit obligation futu...,
Service cost 3
12
cards
More about
FAR
- Class purpose General learning
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