This class was created by Brainscape user Melissa McCroan. Visit their profile to learn more about the creator.
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Melissa McCroan
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Decks in this class (22)
F1 - M1 - Standards and Conceptual Framework
Entity assumption,
Which fundamental assumption appl...,
Going concern assumption
3
cards
F1 - M2 - Income Statement and Balance Sheet
Income statement,
Cost,
Costs vs unexpired costs
26
cards
F1 - M3 - Revenue Recognition (Part 1)
0
cards
F1 - M4 - Revenue Recognition (Part 2)
0
cards
F1 - M5 - Discontinued Operations
What items can be discontinued op...,
Component of an entity,
What does gaap consider to be a c...
19
cards
F1 - M6 - Accounting Changes and Error Corrections
Prospective vs retrospective,
Change in accounting estimate,
What could cause a change in esti...
17
cards
F1 - M7 - Statement of Comprehensive Income
What is comprehensive income,
What is the purpose of the statem...,
What is other comprehensive income
27
cards
F1 - M8 - Adjusting Journal Entries
What is the accrual basis of acco...,
What is deferred revenue,
What is deferred expense prepaid
12
cards
F2 - M1 - Notes to Financial Statements
What is the summary of significan...,
Where is the summary of significa...,
What is the additional ifrs requi...
12
cards
F2 - M2 - Going Concern
What does it mean to be going con...,
What is the liquidation basis of ...,
When is management required to ev...
17
cards
F2 - M3 - Subsequent Events
What is a subsequent event,
What are the two types of subsequ...,
What are recognized subsequent ev...
14
cards
F2 - M4 - Fair Value Measurements
0
cards
F2 - M5 - Segment Reporting
What is the objective of segment ...,
Is an entity required to report s...,
Treatment for disclosure of segme...
3
cards
F2 - M6 - SEC Reporting Requirements
How are forms filed with the sec,
When issuing new securities what ...,
Define large accelerated filer
41
cards
F2 - M7 - Special Purpose Frameworks
What are special purpose frameworks,
What is ocboa,
What are the most commonly used s...
3
cards
F2 - M8 - Ratio Analysis
What are ratios in terms of finance,
Ratio comparisons,
List the key financial ratios
35
cards
F3 - M3 - Inventory
List types of inventory,
When does title of goods pass fro...,
What does fob mean
43
cards
F3 - M4 - PP&E (Cost)
What are ppe or fixed assets,
What are the main classes of fixe...,
How are fixed assets valued gaap
30
cards
F3 - M5 - PP&E (Depreciation)
How does pp e incorporate the mat...,
Types of depreciation,
Define salvage value
32
cards
F3 - M6 - Nonmonetary Transactions
What are nonmonetary transactions,
How to categorize nonmonetary tra...,
How to determine if a transaction...
5
cards
F3 - M7 - Intangibles
0
cards
F3 - M8 - Impairment
0
cards
More about
FAR
- Class purpose General learning
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