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Decks in this class (36)
Exam Day Weak Areas
What is the classification and us...,
What is the classification and us...,
What is the classification and us...
15
cards
Weak Areas
What is the difference between im...,
Are discontinued operations inclu...,
When an investor buys shares of a...
498
cards
NFP Journal Entries
Cash contribution without donor r...,
Cash contribution with donor rest...,
Pledge receivable unconditional w...
33
cards
Valuations
What is the initial and subsequen...,
What is the initial and subsequen...,
What is the initial and subsequen...
44
cards
Valuation and Impairment
Explain value changes gains losse...,
Explain value changes gains losse...,
Explain value changes gains losse...
18
cards
Journal Entries
What is the journal entry needed ...,
What is the journal entry needed ...,
A lessee signs a finance lease wi...
197
cards
Accounts
Give the financial statement plac...,
Give the financial statement plac...,
Give the financial statement plac...
107
cards
F1 - M1 - Income Statement / Balance Sheet / OCI
What is the direct method of quot...,
What is the indirect method of qu...,
How can you calculate net income ...
75
cards
F1 - M2 - EPS & Financials Reports
What is form 6 k 1,
What is form 8 k 2,
What is form 10 k 3
66
cards
F1 - M3 & M4 - Stockholder's Equity
What is appropriated retained ear...,
What journal entry is made to app...,
Can appropriated retained earning...
68
cards
F2 - M1 - Revenue Recognition
What 3 conditions must be met for...,
What conditions must be met to tr...,
What conditions determine whether...
37
cards
F2 - M2 & M3 - Accounting Changes/Adjustments
Change in accounting estimate or ...,
Change in accounting estimate or ...,
Change in accounting estimate or ...
94
cards
F2 - M4 -Notes to Financial Statements
What is the summary of significan...,
What must be included in the summ...,
What are the two types of subsequ...
42
cards
F2 - M5 - Subsequent Events
What is a subsequent event 1,
How much time after a company s y...,
What is the difference between wh...
7
cards
F2 - M6 - Fair Value Measurements
How does asc 820 define fair value 1,
What s the difference between the...,
What are the three main fair valu...
53
cards
F2 - M7 - Special Purpose Frameworks
What are the 6 main special purpo...,
What does ocboa stand for and wha...,
What is the difference in revenue...
28
cards
F2 - M8 - Ratio and Variance Analysis
What is the current ratio calcula...,
What is the quick acid test ratio...,
What is the cash ratio calculated...
34
cards
F3 - M1 Cash & Cash Equivalents
What determines if an investment ...,
Can an investment with an origina...,
What is a bond sinking fund accou...
10
cards
F3 - M2 - Trade Receivables
Is interest on an inventory loan ...,
Is the insurance cost during tran...,
How is cogs calculated if sales a...
5
cards
F3 - M3 - Inventory
What is the test to determine if ...,
What is the definition of the pri...,
When calculating cogs and ending ...
6
cards
F3 - M4 & M5 - PP&E (Fixed Assets)
Should the interest on a loan use...,
What is the formula to calculate ...,
What does lowest cash flow unit m...
39
cards
F3 - M6 - Intangible Assets
Are development costs for a new p...,
What is the difference between ca...,
When should startup costs includi...
7
cards
F4 - M1 - Payables & Accrued Liabilities
If a company refinances a s t not...,
What is accretion expense 2
2
cards
F4 - M2 - Commitments & Contingencies
How should gain contingencies be ...,
When should a loss contingency be...,
What does probable mean in the co...
7
cards
F4 - M3 - L/T Liabilities
What is the formula to find the p...,
What is the formula to find the f...,
What is the formula to find the p...
19
cards
F4 - M4 & M5 - Bonds
When a bond is issued if the mark...,
When a bond is issued if the mark...,
When determining the pvf of a bon...
22
cards
F4 - M6 - Debt Restructuring/Extinguishment
What is the formula for retiring ...
1
cards
F4 - M7 - Leases
If a lease has an option to purch...,
How could a residual value guaran...,
When determining the interest rat...
10
cards
F5 - M1- Financial Instruments
What is an aggregate cost as it r...,
What is a liquidating dividend 2,
What is the fair value option 3
14
cards
F5 - M2 - Equity Method
What is the key determiner when d...,
What are a company s identifiable...,
What is the difference between fa...
13
cards
F5 - M3 - Consolidated Financials
What amounts should a company tha...,
What a capitalized asset is sold ...,
Why is noncontrolling interest nc...
16
cards
F5 - M4 - Partnerships
What is the exact method when a n...,
What is the bonus method when a n...,
What is the goodwill method when ...
10
cards
F5 - M5 - Statement of Cash Flows
What are operating assets 1,
What are operating liabilities 2,
What section of the statement of ...
105
cards
F5 - M6 & M7 - Income Taxes
What is a municipal security and ...,
What is the difference between in...,
What is the name of the approach ...
60
cards
F6 - M1 - M4 - Not-for-Profit Accounting
Explain the difference between fu...,
What 3 financial statements are n...,
What are the three categories wit...
121
cards
F6 - M5 & M6 - Governmental Accounting
What are governmental funds and h...,
What are proprietary funds and ho...,
What are fiduciary funds and how ...
18
cards
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FAR Exam - CPA
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