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Kim Scow
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Decks in this class (42)
Fair Value--pg44-56
Components of fair value definition,
Principal market,
Advantageous market
7
cards
IASB--pg 59-71
Objectives of international accou...,
List the steps of developing inte...,
What are some omitted topics for ...
14
cards
SEC--pg 73-80
What are the sec main purposes,
What is the sec idea,
What is the office of chief accou...
12
cards
Balance Sheet pg83-95
List examples of different valuat...,
What is a current asset,
What is a current liability
14
cards
Income Statement pg 97-106
Exceptions to all inclusive incom...,
Other comprehensive income,
Accounting income
7
cards
Comprehensive Income- pg109-111
Oci items include,
Oci items do not include,
Accumulated oci
3
cards
Statement Changes in OE-pg 113-115
How many years of income statemen...,
How many yrs is current yr shown ...,
Look at examples and other column...
3
cards
Statement of Cash Flows- pg 118-142
Purpose of statement of cf,
Cash equivalents,
What is notes payable in statemen...
8
cards
Notes to FS
Working capital and ratio current...,
Acid test ratio quick ratio,
Securities defensive interval ratios
24
cards
Personal FS
What are the two statements used ...,
What are the pfs based on,
Look at basis for current amounts...
4
cards
Cash/Modified/Income Tax Basis-pg162-165
Cash basis,
Modified cash basis,
Most common acceptable modifications
6
cards
First-Time Adoption IFRS- pg 159-160
0
cards
Private Company Council-pg 171-173
Five factors that differentiate n...,
Where guidance might differ for p...,
Public company defined
6
cards
IFRS for SME
Ifrs for sme objectives,
What are ifrs for sme s,
Who may may not use
4
cards
FS Accounts
What what not to include in cash,
Cash equivalent examples,
Compensating balance
17
cards
Loan Impairment
Receivable must be written down to
1
cards
Inventory
Items included in ending inventory,
Costs included in inventory,
Periodic inventory
22
cards
Property Plant & Equip
Plant asset 3 requirements,
Categories w in plant assets,
Capitalized cost to pp e
21
cards
Investments
Equity securities,
Debt securities,
Recognized vs realized
16
cards
Equity Method-Significant influence Investments
Investments requiring equity method,
Initial investment,
Decomposing purchase price
3
cards
Joint Ventures
Joint ventures definition,
How recorded if corporate joint v...,
How recorded if partnership joint...
3
cards
Investor Stock Dividend/Splits/Rights-pg 315-317
How stock dividend affects invest...,
Stock rights,
Pg 316
3
cards
Intangible Assets pg 322-327
Definition,
Sources of intangibles,
Classifications
15
cards
Liabilities-pg 339-345
Bonus based on operating income a...,
Bonus based on operating income a...
2
cards
Deferred Revenue Pg 346-355
Two criteria must be met for mult...,
Hierarchy used to determine selli...,
Multi software deliverables
3
cards
Long Term Debt pg 356-401
Types of notes payable,
Interest rates on notes,
Noncurrent np
28
cards
Owner's Equity pg 405-465
Oe account types,
Corporate form of business advant...,
Hybrid corporations
40
cards
Revenue Recognition pg 449-
Methods of revenue recognition,
Installment method,
Repossession
15
cards
Costs & Expenses pg 467-473
Advertising costs,
Tax paying principles,
Compensated absences accrued crit...
4
cards
Deferred Compensation Arrangements-pg 475-
Defined contribution plan,
Defined benefit plan,
Contributory plan noncontributory...
26
cards
Stock Compensation pg 503-
Noncompensatory plans,
Compensatory plans,
Stock option plan
11
cards
Income Taxes pg 516
Asset liability approach,
Permanent differences,
Temporary difference
18
cards
Accounting Changes and Error Corrections-pg 17-33 book 2
Retrospective,
Prospective,
Restatement
17
cards
Intro to Business Combinations pg 35
Business combination,
Acquisition method,
Merger
8
cards
Acquisition Mehod of Accouting pg 42
Types of combinations not account...,
Acquirer in business combo should...,
Steps to using acquisition method
33
cards
Consolidated Financial Statements pg 82
Exception to consolidation fs,
The method parent uses to carry a...,
Info requirements in order to con...
11
cards
Intercompany Transactions & Balances pg 105
Downstream transaction pg 110,
Upstream transaction,
Accounts affected by intercompany...
7
cards
Financial instruments pg148
Financial instruments defined,
These must be disclosed for all f...,
Fair value disclosure exceptions
7
cards
Derivative & Hedging pg 158
Derivative elements,
Recognition measurement of a deri...,
Embedded derivative
25
cards
Accounting for Transfers pg 191
General requirements for transfer...,
Accounting guidelines for transfe...,
Transferor accounting for sales
8
cards
Earinings Per Share pg 216
Basic eps diluted eps,
Basic eps simple capital structure,
Deps beps complex capital structure
5
cards
Foreign Currency Denominated Transactions pg 242
Foreign currency transactions,
Foreign currency translation,
Direct quote indirect quote
8
cards
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FAR
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