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Shane Januik
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Decks in this class (60)
Standards and Conceptual Framework (F1:M1)
What is the amount of cash that w...,
According to sfac no8 ch3 what ar...,
According to sfac no8 ch3 what ar...
4
cards
IS and BS (F1:M2)
How are items that are unusual or...,
What determines if an asset is a ...,
What expenses are considered sell...
14
cards
Rev Rec. (F1:M3-4)
If there is a bill and hold agree...,
What is the formula for allocatin...,
What are incremental costs of obt...
8
cards
Discontinued Operations (F1:M5)
When will the results of operatio...,
Once management decides to dispos...,
How are components classified as ...
7
cards
Accounting Changes and Error Corrections (F1:M6)
What is a change in the method of...,
Changes in estimates affect only ...,
If depreciation was understated i...
16
cards
Statement of Comprehensive Income (F1:M7)
Comprehensive income includes all...,
What are the 5 main components of...,
What is the purpose of reclassifi...
16
cards
Adjusting Journal Entries (F1:M8)
What is the formula to find accru...,
If an unrecorded liability affect...,
Is interest payable recorded for ...
4
cards
Notes to Financial Statements (F2:M1)
Summary of significant accounting...,
Unlike gaap ifrs requires disclos...,
Under gaap concentrations should ...
3
cards
Going Concern (F2:M2)
When an entity is considered a go...,
Under gaap as it relates to going...,
Under gaap what is the time perio...
6
cards
Subsequent Events (F2:M3)
What is the subsequent event eval...,
Are entities that file fs with th...,
Are entities that do not file fs ...
4
cards
Fair Value Measurements (F2:M4)
What is fair value,
Fair value is a ___ ___ measurement,
Does fair value include transacti...
10
cards
Segment Reporting (F2:M5)
When is a segment considered repo...,
T or f unaffiliated customers sal...,
What is the formula for calculati...
4
cards
SEC Reporting Requirements (F2:M6)
What are the filing deadlines for...,
How are the following defined by ...,
What are the filing deadlines for...
12
cards
Special Purpose Frameworks (F2:M7)
What are some common modification...,
Formula for converting cash basis...,
Formula for converting cash paid ...
5
cards
Ratio Analysis (F2:M8)
Working capital turnover,
Operating cf ratio,
Study a3 m7 m9
5
cards
Partnerships (F2:M9)
When a partnership is formed how ...,
Exact method problem solving steps,
Bonus method problem solving steps
5
cards
Cash and Cash Equivalents (F3:M1)
When doing a bank rec what will c...,
When doing a bank rec what will c...,
What is an outstanding check
9
cards
Trade Receivables (F3:M2)
What is nrv of ar,
What are the entries to account f...,
What are the entries to account f...
8
cards
Inventory (F3:M3)
Under gaap once inventory is writ...,
Under gaap and ifrs when is the l...,
When is lower of cost or market l...
22
cards
PP&E: Cost Basis (F3:M4)
What is historical cost,
What are land costs,
List some land improvements are t...
8
cards
PP&E: Depreciation and Disposal (F3:M5)
As it pertains to depreciation wh...,
Under composite group depreciatio...,
What is the formula for calculati...
11
cards
Nonmonetary Transactions (F3:M6)
When does an exchange have commer...,
What can be assumed about fair value,
In exchanges having commercial su...
7
cards
Intangibles (F3:M7)
How are purchased intangible asse...,
How are internally developed inta...,
When intangible assets are acquir...
10
cards
Impairment (F3:M8)
How to test for impairment of int...,
How to test for impairment of int...,
What does ifrs allow that gaap do...
5
cards
Financial Instruments (F4:M1)
Disclosures about which kinds of ...
1
cards
Equity Method (F4:M2)
How is goodwill that is created b...,
How is a liquidating dividend acc...,
How are investments in preferred ...
5
cards
Basic Consolidation Concepts (F4:M3)
What is a primary beneficiary
1
cards
Acquisition Method: Part 1 (F4:M4)
In an acquisition method business...,
How are acquisition costs account...,
What does the acquisition price fv
5
cards
Acquisition Method: Part 2 (F4:M5)
What is a non compete agreement c...,
How is nci calculated under the f...,
How is nci calculated under the p...
6
cards
Intercompany Transactions (F4:M6)
0
cards
Consolidated Financial Statements (F4:M7)
How to calculate total stockholde...
1
cards
Goodwill, Including Impairment (F4:M8)
What is the maximum that goodwill...,
Under gaap at what unit level is ...,
Under ifrs at what unit level is ...
7
cards
Payables and Accrued Liabilities (F5:M1)
If youre given a bond payable and...,
Are deferred tax liabilities curr...,
What is the formula for calculati...
8
cards
Contingencies and Commitments (F5:M2)
Under gaap when a range of possib...,
Accrual and disclosure would occu...,
Are gain contingencies recorded i...
3
cards
Long-Term Liabilities (F5:M3)
Present value ___ x ___,
What does a np schedule look like...,
When is the effective interest me...
4
cards
Bonds (F5:M4-5)
How is a bond amortization schedu...,
How to calculate carrying value o...,
How is bond issue market price ca...
8
cards
Troubled Debt Restructuring and Extinguishment (F5:M6)
When a debtor transfers assets fo...,
When a debtor transfers an equity...,
When assets or equity interest is...
5
cards
Leases (F6:M1-2)
For lessee to account for a lease...,
Lessee,
Lessor
14
cards
Derivatives and Hedge Accounting (F6:M3)
What is a fv hedge and how is the...,
What are the 4 characteristics of...,
Is a firm commitment considered a...
7
cards
Foreign Currency Accounting (F6:M4)
What rates are used to translate ...,
What is the functional currency w...,
Nov 1 1 euro 150dec 31 1 euro 135...
15
cards
Income Taxes (F6:M5-6)
If the book basis of an asset is ...,
When there are no temporary diffe...,
What is the formula for effective...
12
cards
Pension Benefits (F7:M1-2)
If a company has multiple defined...,
The funded status of a pension be...,
What does a pension asset reporte...
3
cards
Financial Statements of Employee Benefit Plans (F7:M4)
What are the required fs for defi...,
What are the required fs for defi...,
The change in actuarial pv of acc...
5
cards
Stock Compensation (F7:M7)
As it pertains to stock options w...,
What is the journal entry needed ...,
On which date is a public entity ...
5
cards
Stockholders' Equity (F7:M5-6)
Where are dividends in arrears un...,
When a company issues shares of c...,
What is the journal entry when a ...
10
cards
Earnings Per Share (F8:M1)
T or f contingent shares that are...,
T or f each potentially dilutive ...,
If a stock split occurs in a subs...
5
cards
Statement of Cash Flows (F8:M2)
What are the 3 sections of the cf...,
What is a cash equivalent,
Under gaap where are bank overdra...
14
cards
NFP Financial Reporting (F8:M3-4)
What standard do nfps follow fasb...,
What is the basis of accounting t...,
What are the 3 required fs for nfps
19
cards
NFP Revenue Recognition (F8:M5)
How are revenues from exchange tr...,
There are two ways a contribution...,
When is an unconditional pledge r...
11
cards
NFP Transfers of Assets and Other Accounting Issues (F8:M6)
Marketable equity securities with...,
In what fs are g l on investments...,
Underwater endowments require wha...
3
cards
Governmental Accounting Overview (F9:M1)
Who are the 3 main users of gover...,
What is interperiod equity,
What are the characteristics of i...
6
cards
Fund Structure and Fund Accounting (F9:M2)
List the governmental fundswhat b...,
List the proprietary fundswhat ba...,
List the fiduciary fundswhat basi...
6
cards
Transactions and Events (Gov't Funds) (F9:M3-4)
Sales taxes are what kind of revenue,
Property taxes and fines are what...,
General obligation bonds were iss...
14
cards
Governmental Funds FS (F9:M5-6)
Generally expenditures are recogn...,
What does a debt service fund do,
When the general fund transfers m...
11
cards
Proprietary Funds FS (F10:M1)
If an internal service fund sells...,
If an activity is intended to be ...,
Do proprietary funds need to pres...
9
cards
Fiduciary Funds FS (F10:M2)
Fiduciary funds are required to p...,
What are some common types of cus...,
If a governmental unit has monito...
5
cards
Form and Content of the Comprehensive Annual Financial Report (CAFR) (F10:M3)
The cafr is divided into 3 sectio...,
If a component unit is not a sepa...,
What is the basic criterion used ...
11
cards
Government-wide Financial Statements (F10:M4)
The modified approach for reporti...,
If the modified approach for repo...,
In a government wide statement of...
11
cards
Fund Financial Statements (F10:M5)
Which funds must present a statem...,
What are the seven differences be...,
What are some operating activities
10
cards
Notes and Supplementary Information (F10:M7)
In a cafr what is the order of in...,
What is included in required supp...,
What is included in other supplem...
4
cards
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FAR
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