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Clint Lessard
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Decks in this class (31)
F1 - M1 - Standards and Conceptual Framework
Expenses,
Spac no 7 cash flow information a...,
Ifrs
33
cards
F1 - M2 - Income Statement and Balance Sheet
Income statement,
Costs and unexpired costs,
Gross concept
9
cards
F1 - M3 - Revenue Recognition Part 1
Revenue recognition,
The five step approach istar,
Istar identify contract w customer
7
cards
F1 - M4 - Revenue Recognition Part 2
Incremental costs of obtaining a ...,
Costs to fulfill contract,
Principal gross vs agent net dete...
9
cards
F1 - M5 - Income Statement – Discontinued Operations
Discontinued operations,
Component of an entity,
Held for sale
7
cards
F1 - M6 - Accounting Changes and Error Corrections
Changes in accounting estimate,
Changes in accounting principle,
Ifrs 3 balance sheets
5
cards
F1 - M7 - Statement of Comprehensive Income
Comprehensive income,
Net income step 1 no extraordinar...,
Other comprehensive income step 2...
8
cards
F1 - M8 - Adjusting Journal Entries
Matching revenues and related exp...,
Adjusting journal entries revenue...,
Adjusting journal entries expense...
6
cards
F2 - M1 - Notes in the Financial Statements
Summary of significant accounting...,
Compliance with ifrs,
Disclosures
5
cards
F2 - M2 - Going Concern
Going concern,
Management s responsibility to ev...,
Mitigating factors
7
cards
F2 - M3 - Subsequent Events
Subsequent events,
Recognized subsequent event,
Nonrecognized subsequent events
7
cards
F2 - M4 - Fair Value Measurements
Fair value measurements,
Fair value defined,
Orderly transaction
10
cards
F2 - M5 - Segment Reporting
Segment reporting,
Required disclosures all public e...,
Operating segments
6
cards
F2 - M6 - SEC Reporting
Sec reporting requirements,
New securities submit registratio...,
Form 10 k annual
13
cards
F2 - M8 - Ratio Analysis
Ratio analysis,
Ratios,
Liquidity ratio
30
cards
F2 - M9 - Partnerships
Admission of a partner,
Purchase or sale of existing part...,
Formation of a partnership
10
cards
F3 - M1 - Cash and Cash Equivalents
Cash,
Cash equivalents,
Examples of cash and equivalents
8
cards
F3 - M2 - Trade Receivables
Account receivable,
Account receivable net realizable...,
Valuation of accounts receivable
12
cards
F3 - M3 - Inventory
Types of inventory,
General rule,
Goods in transit
26
cards
F4 - M4 - PP&E: Cost Basis
Pp e,
Fixed asset shown separately,
Valuation of fixed assets under gaap
16
cards
F3 - M5 - PP&E: Depreciation and Disposal
Depreciation,
Types of depreciation,
Salvage value
14
cards
F3 - M6 - Nonmonetary Transactions
Nonmonetary commercial substance,
Commercial substance recognizing ...,
Commercial substance calculation ...
16
cards
F3 - M7 - Intangibles
Intangible assets,
Classification of intangible assets,
Acquisition capitalize or expense
16
cards
F3 - M8 - Impairment
Intangible assets other than good...,
Reporting impairment loss,
Us gaap
7
cards
F4 - M1 - Financial Instruments
Two types financial assets and fi...,
Fair value option,
Fair value changes to instrument ...
24
cards
F4 - M2 - Equity Method
When to use equity method,
Significant influence,
When not to use equity method
9
cards
F4 - M3 - Basic Consolidation Concepts
Voting interest model,
Controlling interest and noncontr...,
Variable interest entity vie
5
cards
F4 - M4 - Acquisition Method: Part 1
Calculating for acquisition price,
Parents basis,
Consolidation adjustments
8
cards
F4 - M5 - Acquisition Method Part 2
Noncontrolling interest nci,
Income statement,
Bs adjust to fair value
8
cards
F4 - M6 - Intercompany Transactions
Eliminating intercompany transact...,
Simple balance sheet eliminations,
Simple income statement eliminations
9
cards
F4 - M7 - Consolidated Financial Statements
Consolidated balance sheet,
Consolidated income statement,
Consolidated statement of changes...
6
cards
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Far Exam
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