FAR Cheat Sheet/Must Knows

This class was created by Brainscape user Islam Martinez.

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Decks in this class (36)

Simple Notes
What the natural balances of the ...,
What are the categories of govern...,
What are the journal entries to i...
32  cards
F1 - M1 (BS,IS, CI)
Single step income statement tota...,
What is an impairment related to ...,
Discontinued operations impairmen...
59  cards
F1 - M2 (EPS/PublicCRT)
For basic eps do you take preferr...,
How to calculate numerator in dil...,
What is a large accelerated accel...
34  cards
F1 - M3 (StockHE PT1)
Is the apic ts account used withi...,
How is apic ts retained earnings ...,
A firm repurchases 10 percent of ...
42  cards
F2 - M1 (RevR)
On april 15 year 3 landon co sign...,
What are the bill and hold requir...,
Jenkins sells a refrigerator and ...
38  cards
F2 - M2 (Acct Changes & Error Corrections)
Error correction prospective or r...,
Change of accounting estimate pro...,
Cash to accrual basis is what kin...
27  cards
F2 - M3 (AJE)
Jefferson cpas provides accountin...,
Cap corp reported accrued investm...,
Dunne co sells equipment service ...
41  cards
F2 - M4 (Notes FS)
Disclosure of vulnerability to co...,
If a company is a sec registrant ...,
Which of the following should be ...
6  cards
F2 - M8 (Ratios)
How do you calculate the bottom u...,
What is the price to earnings rat...,
What is ar turnover ratio and inv...
34  cards
F3 - M2 (Trade Receivables)
For the year ended december 31 be...,
The following accounts were abstr...,
Tinsel co s balances in allowance...
23  cards
F3 - M4 (Cost Basis)
Blank 1
1  cards
F2 - M7 (FV)
Which of the following statements...,
Farmer joe is trying to determine...,
An investment company s portfolio...
11  cards
F6 - M6 (Gov Fund Struct/FA)
What are the categories of govern...,
For governmental fund types which...,
What do the economic resources me...
25  cards
F6 - M6 (Gov Acct Over)
What leads to the use of fa by go...,
How many funds should an accounta...,
Fund accounting is used by govern...
10  cards
F6 - M4 (NFP)
How are t bills and investments v...,
How should the equity portfolio b...,
On the first day of the year a do...
25  cards
F6 - M3 (NFP Rev Rec)
Oz a non governmental not for pro...,
Pahn a nongovernmental not for pr...,
The jasper foundation inc a not f...
69  cards
F6 - M1-M2 (NFP FR)
Ensista inc a not for profit orga...,
A nongovernmental not for profit ...,
Although the statement of cash fl...
91  cards
F1 - M7 (Spec Purp Framework)
The company has goods with a cost...,
Small tools expense 5 000 2,
Calculate the accrual basis cash ...
14  cards
F2 - M5 (SubEvents)
Under gaap subsequent evaluation ...,
Financial statements are consider...,
Cooper co files financial stateme...
3  cards
F5 - M7 (Inc Tax PT. 1/2)
Bard co a calendar year corporati...,
During the first quarter of the c...,
In year 3 june inc reversed a def...
101  cards
F6 - M5 (SCF)
Which of the following should not...,
What is shown in the supplementar...,
New england co had net cash provi...
32  cards
F5 - M4 (Partnerships)
The partnership agreement of axel...,
Partnerships should record contri...,
What happens to partners accounts...
17  cards
F5 - M3 (Consolidation)
How can you tell if the retained ...,
Consolidated retained earnings wo...,
Consolidate total assets should b...
47  cards
F5 - M1 (Financial Instr)
What assets and liabilities can e...,
Company purchased 5 000 out 500 0...,
How do you calculated ugl in oci ...
36  cards
F4 - M7 (Lease Liabilities)
On january 1 year 1 blaugh co sig...,
On june 1 of the current year a c...,
On december 1 of the current year...
44  cards
F4 - M6 (Troubled Restru)
In year 1 may corp acquired land ...,
A company issues 1 500 000 of par...,
Which of the following statements...
30  cards
F4 - M5 (Bonds)
A company issued a bond with a st...,
On march 1 year 1 cain corp issue...,
Album co issued 10 year 200 000 d...
53  cards
F3 - M3 (Inv)
Part of the company s inventory o...,
Party supply started to use a pub...,
Party supply placed goods with a ...
66  cards
F3 - M4 (PPE Cost Basis)
Which of the following is not a c...,
The kelly corporation acquired la...,
A company obtained a 300 000 loan...
28  cards
F3 - M5 (PPE Dep, Disp, Impair)
On january 1 year 1 crater inc pu...,
Gei co determined that due to obs...,
Lojo developers inc purchased a c...
32  cards
F3 - M6 (Intangibles)
A company purchased an intangible...,
When does litigation get capitali...,
Under us gaap which of the follow...
12  cards
F4 - M1 (Payables Acc)
On december 31 year 1 largo inc h...,
On february 12 vip publishing inc...,
If a company refinances current l...
50  cards
F4 - M2 (Contingencies and Commitments)
What s the criteria to accrue dis...,
What s the criteria to accrue dis...,
Delect co provides repair service...
12  cards
F4 - M3 (LT Liabilities)
On september 30 world co borrowed...,
Pie co uses the installment sales...,
On december 1 year 1 tigg mortgag...
21  cards
F5 - M2 (Equity Method)
On january 1 year 2 point inc pur...,
Palmetto inc is currently using t...,
Anchor co owns 40 of main co s co...
42  cards
F3 - M1 Cash
Liquid industries defines cash an...,
There are two checks 702 to doria...,
Check 725 to pesky bugs pest cont...
3  cards

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FAR Cheat Sheet/Must Knows

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