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Decks in this class (29)
F1: M1 Balance Sheet, Income Statement, Comp. Income
A full set of financial statement...,
Gross concept 2,
Net concept 3
27
cards
F1: M2 EPS and Public Company Reporting TOpics
Form 10 k 1,
10 k filing deadlines 2,
A large accelerated filer is defi...
28
cards
F1: M3 & M4 Stockholders Equity
Stockholders equity accounts have...,
Stockholder equity accounts 2,
Treasury stock is a 3
40
cards
F2: M1 Revenue Recognition
The five step approach for revenu...,
Criteria for identifying contracts 2,
A distinct product or service to ...
17
cards
F2 M2: Accounting Changes and Error Corrections
Accounting changes 1,
Change in estimate prospective 2,
Change in accounting principle re...
8
cards
F2: M3 Adjusting Entries/Cash Basis to Accrual Basis
All adjusting entries made at the...,
Working capital current assets mi...,
Working capital current assets mi...
23
cards
F2 M4: Notes to Financial Statements
Summary of significant accounting...,
Summary of significant accounting...,
Items not included in the summary...
4
cards
F2: M5 Subsequent Events
What is a subsequent event 1,
Recognized subsequent events 2,
Events considered recognized subs...
8
cards
F2: M6 Fair Value Measurements
Market approach 1,
Income approach 2,
Cost approach 3
8
cards
F2: M7 Special Purpose Framework
Ocboa other comprehensive bases o...,
Ocboa presentations include 2,
General presention guidelines 3
5
cards
F2: M8 Ratio and Variance Analysis
Return always means 1,
Operating cash flow ratio 2,
Turnover ratios shortcut 3
9
cards
F3 M1: Cash and Cash Equivalents
Cash includes 1,
Cash equivalents are 2,
Cash and cash equivalents are sho...
10
cards
F3 M2: Trade Receivables
Accounts receivables 1,
T account for accounts receivables 2,
Net realizable value 3
27
cards
F3: M3 Inventory
Finished goods for a manufacturer 1,
Finished goods for a retailer 2,
Raw materials freight in 3
42
cards
F3 M4 PPE: Cost Basis
Avoidable interest 1,
Avoidable interest calculation 2,
Calculating payments occuring eve...
13
cards
F3 M5: PPE: Depreciation, Disposal, and impairment
An impairment refers to a signifi...,
A long lived asset is tested for ...,
The carrying amt is not recoverab...
21
cards
F4 M1: Payables and Accrued Liabilities
Liabilities are presented on the ...,
Accouunts payable gross method 2,
Net method 3
20
cards
F4 M2: Contingencies and Commitments
Contingent liabilities are based ...,
Gurantees of indebtedness cosign ...,
Probable 70 or more likely than n...
11
cards
F4 M4 & M5: Bonds
Par value face value 1,
Coupon rate stated interest rate 2,
Market rate effective rate 3
42
cards
F4 M6: Troubled Debt Restructuring
Troubled debt restructing 1,
Debt restructuring transfer of as...,
Restructing gain or loss is based...
6
cards
F4 M7:Lease Accounting
Leases shorther than a year 1,
Finance lease criteria 2,
Operating lease 3
23
cards
F5 M1: Financial Instruments
Investments in debt securities 1,
Debt securities classification 2,
Trading security 3
17
cards
F5: M2 Equity Method
Equity securities include 1,
Equity investors use either the 2,
Investor will use the fair value ...
22
cards
F5: M3 Consolidated Financials
Consolidated financials are prepa...,
3 types of business combinations 2,
Legal acquisition is the only bus...
54
cards
F5 M4: Partnership
Admission of a partner 1,
Contributions to a partnership ar...,
Exact method equal to book value 3
10
cards
F5 M5: Statement of Cash Flows
Statement of cash flows shows us ...,
3 sections of cashflows 2,
Indirect method 3
21
cards
F5: M6 & M7: INCOME TAXES
Financial statement income is the...,
Permanent differences 2,
Permanent differences 3
17
cards
F6: M1 & M2: Not-For-Profit Accounting
Required financial statements for...,
Net assets 2,
Net assets is classified as 3
57
cards
F6: M5 & M6: Governmental Accounting
Governments seek to demonstrate t...,
Operational accountability financ...,
Fiscal accountabilty 3
30
cards
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FAR: RE-REVIEW
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